Press release
Soluble Dietary Fibers Market Poised for Remarkable Growth, Predicted to Reach $4.99 Billion by 2029
[Redding, California] - Meticulous Research®, a premier provider of market intelligence, unveils its latest forecast indicating a promising future for the global soluble dietary fibers market. The market is projected to surge at a commendable Compound Annual Growth Rate (CAGR) of 7.8% from 2022 to 2029, reaching a staggering value of $4.99 billion by the end of the forecast period. This projection underscores a significant demand surge for soluble dietary fibers propelled by increasing health consciousness and awareness among consumers.The growth trajectory of the soluble dietary fibers market is driven by multifaceted factors, including the escalating incidence of chronic diseases, rising demand from pharmaceutical, food, and feed manufacturers for product integration, and governmental initiatives promoting healthy dietary practices worldwide. Additionally, emerging applications of soluble dietary fibers and the burgeoning markets in Southeast Asia, Latin America, and the Middle East & Africa are poised to unlock lucrative opportunities for market players.
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Despite the promising outlook, the market faces challenges such as the lengthy and costly regulatory approval process and the high cost of manufacturing technology, which may impede growth to some extent.
The global soluble dietary fibers market is meticulously segmented by source, type, and application, providing comprehensive insights into industry dynamics at regional and country levels.
Key Findings
Source Segment: In 2022, the fruit & vegetables segment is anticipated to dominate the soluble dietary fibers market, owing to the high content of soluble dietary fiber and consumers' increasing awareness of associated health benefits.
Type Segment: The beta-glucan segment is forecasted to exhibit the highest CAGR during the forecast period, attributed to its versatile functionality and widespread applications across various industries.
Application Segment: The food & beverage segment is projected to command the largest share of the global soluble dietary fibers market in 2022, driven by the growing demand for sugar-free and low-calorie food products.
Geographic Analysis: Asia-Pacific is poised to witness the fastest CAGR during the forecast period, fueled by increasing health awareness, a booming food & beverage industry, and rising fitness consciousness in countries such as China, India, Japan, and Indonesia.
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Growing Health Consciousness among Consumers and Awareness about the Health Benefits of Soluble Dietary Fibers Boost its Demand in the market
Consumers seek to ensure healthy lives for as long as possible-particularly as average life spans continue to rise. Rapid industrialization, urbanization, economic development, and globalization have resulted in consumers' changing diets and lifestyles, impacting the health and nutritional status of populations in developing countries. Increasing health consciousness is associated with increased incidences of diseases.
According to WHO (World Health Organization), in 2020, among 55.4 million deaths worldwide, more than half (55%) were due to the top 10 causes, with Ischemic heart disease and stroke being the world's biggest killers, accounting for 15 million deaths. Unhealthy diets and physical inactivity are thus among the leading causes of the major non-communicable diseases, including cardiovascular disease, type 2 diabetes, and certain types of cancer, substantially contributing to disease, death, and disability. The most health-centric group of consumers is the more than 20 age group. The individuals of this generation are willing to spend more money on healthier products for health-conscious eating.
Further, with the increasing world population and welfare, the demand for food ingredients like soluble dietary fiber as a food-nutritional component is rising sharply. Furthermore, people's spending has increased on healthier food to better their lifestyle and fitness. Consumers have become more aware of soluble dietary fiber benefits in supporting an active lifestyle. A soluble dietary fiber-rich diet is efficient in the treatment of various diseases. People with diabetes can benefit from soluble fiber-rich diets, as it slows the emptying of the stomach and prevents instant spikes in blood glucose levels.
Soluble fiber also relieves inflammatory bowel conditions, diarrhea, and constipation and helps people control caloric intake by increasing the release of satiety hormones and slowing digestion. In addition to the satiety effects of soluble fibers, resistant maltodextrin, inulin, and oligofructose can help reduce food's overall caloric content without adversely affecting taste and texture. Furthermore, high dietary fiber diets promote intestinal regularity and reduce cardiovascular disease risk.
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Key Players
The global soluble dietary fibers market is characterized by the presence of key players such as Tate & Lyle plc, DuPont de Nemours, Inc., Nexira, Roquette Frères, Cosucra Groupe Warcoing SA, and others.
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