Soluble Fiber Market is Projected to Reach at $4.28 billion by 2030

Soluble Fiber Market Report Scope -

The SNS Insider report indicates that the Soluble Fiber Market was valued at USD 2.3 billion in 2022, and it is projected to achieve a market size of USD 4.28 billion by 2030, with a compound annual growth rate (CAGR) of 8.1% expected over the forecast period from 2023 to 2030.

The expansion of health awareness among consumers, heightened recognition of the health advantages associated with soluble dietary fibers, the surge in chronic disease prevalence, growing requests from pharmaceutical, food, and feed producers to integrate these fibers into their offerings, and the escalating involvement of governments in promoting nutritious foods on a scale are expected to be a significant market driver for the Soluble Fiber Market.

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Key Players Covered in this market report are:

Cargill Inc.
INGREDION
NEXIRA
ADM
Huachang Pharmaceuticals
Sunopta Inc.
Tate & Lyle plc
Danisco A/S
Archer Daniels Midland Company
Kerry Group
Shandong Guangming Super Refractory Fiber Co. Ltd
DuPont

Market Growth Factors -

The growing health consciousness of consumers and awareness of the health benefits of soluble fibres are driving the market for soluble fibres at a compound annual growth rate. In particular, as life expectancy continues to rise, consumers are increasingly focusing on longevity and well-being. Rapid urbanization, economic growth and entrepreneurship are triggering changes in food patterns and lifestyles that affect the health and nutritional status of populations in emerging countries. Unhealthy diets and sedentary lifestyles are prominent factors driving major non-communicable diseases, including cardiovascular disease, type 2 diabetes, and specific types of cancer, significantly contributing to illness, mortality, and disability. In particular, the demographic group older than 20 years is characterized by a specific focus on health issues. To support their health-conscious lifestyles, people in this age group are willing to allocate additional resources towards the purchase of healthy products.

Segmentation Analysis -

Soluble fibre market segmentation on the basis of type includes Inulin, Pectin, BetaGlucan, Maltodextrin and Oligofructose. The inulin segment dominated the market, accounting for 58% of market revenue (1.6 billion). Inulin's role in the promotion of gastrointestinal health has received attention. It is known that it helps support healthy gut bacteria, improves bowel regularity and assists in the treatment of gastrointestinal problems like constipation. Consumers are looking for natural ingredients more and more. Medicinal products and animal feed are included in the segmentation of the soluble fibre market on the basis of application. The animal feed segment dominated the market, accounting for 60% of market revenue (1.7 billion). Improved animal performance has been associated with the inclusion of Soluble Dietary Fibres in Animal Nutrition. In particular in the poultry and livestock sectors, these include improved growth rates, feed efficiency as well as general health.

Soluble Fiber Market Segmentation as Follows:

By Type
Pectin
Beta-glucan
Polydextrose
Inulin
Others

By Source
Fruits & Vegetables
Cereals & Grains
Others

By Application
Animal Nutrition
Food & Beverages
Nutraceuticals & Pharmaceuticals
Others

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Key Regional Development -

Several important factors can be attributed to the anticipated growth of the soluble fibre market in North America. The consumption of functional foods and beverages has increased significantly in the region. In the United States, sales of functional foods and beverages reached $83.2 billion in 2022, representing a significant increase of 6.8% compared to the previous year, according to data from the Nutrition Business Journal. A report by FMI-The Food Industry Association in 2022 reveals that a significant. Europe's soluble fibre market is the second largest in terms of market share, as Europe grapples with a worrying increase in health issues related to lifestyle, such as obesity, diabetes and heart disease. According to data from the European Federation of Pharmaceutical Industries and Associations (EFPIA), the forecast predicts that obesity will impact 35% of women and 39% of men by the year 2035.

Key Takeaway's-

Increased awareness in advanced economies of the product's benefits will lead to a growing global market for solvable fibre. The consumption of dietary supplements containing soluble fibres has increased due to the health benefits derived from this fibre, as well as food and beverages. The growth of the soluble fibre market will also be supported by a growing incidence of constipation and other digestive disorders around the world. In addition, the development of the soluble fibre market is anticipated to be stimulated by an improved ease of integrating the application base for soluble fibres. However, market growth may be negatively affected by an increase in consumption of soluble fibres.

Recent Developments -

In February 2023, Tate & Lyle PLC announced that it will restructure into three segments: Food & Beverage Solutions, Sucralose, and Primary Products Europe, anticipating significant growth in the Food & Beverage Solutions segment with the aim of streamlining reporting, eliminating separate reporting of central costs, reflecting the company's strategic alignment with growth opportunities.

Three innovations in the food and agriculture category and one in sustainability were recognised by Cargill Inc. in April 2023. In particular, two of these innovations have won gold awards for their contribution to advancing the food and agriculture sectors as well as sustainable practices, thanks to Cargill's excellence in innovative solutions.

Table of Content - Analysis of Key Points

1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter's 5 forces model
7. PEST Analysis
8. Soluble Fiber Market Segmentation, By Type
9. Soluble Fiber Market Segmentation, By Source
10. Soluble Fiber Market Segmentation, By Application
11. Regional Analysis
12. Company Profiles
13. Competitive Landscape
14. Conclusion

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This release was published on openPR.