Growing Industrialization will influence the Soluble Fiber Market Growth
Soluble Fiber Market Segmentation
On the basis of type the soluble dietary fiber can be segment as insulin, polydextrose, pectin, beta-glucan and others. Among all these segment beta-glucan is expected to account for the major market share followed by polydextrose. Increasing usage of beta-gtlucan in functional food is expected to support the segment growth during the forecast period. Moreover, pectin is also expected to account for a sustainable growth in the forecast period. Pectin enables to control the sugar level in the body, thus increasing usage of pectin by the manufacturers who seeking to offer products which can control diabetes in the human body is expected support the segment growth over the forecast period.
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On the basis of source soluble dietary fiber is segmented as oats, barley, chia seeds, legumes and others. Among all these segment oats and barley is expected to account for major share in terms of volume. Easily availability of raw material at low cost is expected to support these segment growth in the market over the forecast period.
Soluble dietary fiber can also be segmented on the basis of application segment. This includes functional food, feed industries, and pharmaceutical industries. Among all these application segment functional food is expected to account for the major share followed by pharmaceutical industry. Rising awareness among the consumer for food products with health benefits is expected to support the growth of soluble dietary fiber through functional food in the forecast period. Moreover increased intervention of feed industry, as the consumer around the globe is looking forward for good quality of edible food product for farm animals is also is also expected to support the demand of soluble dietary fiber through feed industry.
On the basis of geography, globally North America is expected to contribute to the highest in terms of market share in soluble dietary fiber market followed by Europe. In North America countries such as United States is the major contributor soluble dietary fiber market followed by Canada. Increasing health consciousness coupled with increasing demand of functional food among the people in American countries is driving the growth of soluble dietary fiber across the region. In Europe, countries such as Germany accounts for the largest market share followed by United Kingdom. Whereas, Asia pacific is concerned it is expected to register a double digit CAGR growth by 2026. In Asia pacific region China is expected to be the most dominant market for soluble dietary followed by Japan. Rising awareness among the consumer for healthy lifestyle through various government educational campaign is has led the consumer to get inclined towards healthy eating habit which is fuelling the growth of soluble dietary fiber across the region in the forecast period. Moreover, rising number of aging population are seeking for healthy alternatives in order to prevent and control diseases which is further expected to fuel the growth of soluble dietary fiber across Asia Pacific region.
Soluble Fiber Global Market Trends and Market Drivers:
The rising demand for functional foods coupled with increasing health consciousness among the people in developed economies is supporting the growth of soluble dietary fiber market during the forecast period. In emerging economies, rising disposable income and growing awareness of consumers through various government campaign towards having a healthy eating habit is further expected to drive the market growth in the near future. In addition, rising prevalence of several health disorder such as including coronary heart disorder, diabetes, gastro-intestinal troubles, obesity, and cholesterol and others are shifting consumer preference towards intake product comprises of soluble dietary fibers.
Government across the globe is actively participating in promoting the consumption of dietary fiber which is an emerging trend in the market. For instance, in 2015 government in U.K. published new guidelines on carbohydrates and health which recommends that the population in the country should increase fiber to 30gm a day for adults and 25gm per day for those lying below the age of 18 years. This has led the manufacturers to produce and offer products with high fiber content.
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Soluble Fiber Market Key Players:
Key global market players manufacturing soluble fiber for different applications include Tate & Lyle, Huachang Pharmaceuticals, Danisco A/S, NEXIRA, INGREDION, Sunopta Inc. and Archer Daniels Midland Company among others.
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