Global Soluble Dietary Fibers Market: Overview
Soluble dietary fibers include oatmeal, beans, blueberries, nuts, and apples. The health benefits offered by soluble dietary fibers include heart protection, diabetes protection, weight loss, and healthy bowel movements.
Global Soluble Dietary Fibers Market: Growth Factors
Increasing utilization of soluble dietary fibers and growing product demand from functional food & beverages and pharmaceuticals industries are the major factors driving the soluble dietary fibers market in many countries across the globe. Furthermore, factors such as growing health consciousness among consumers and awareness about health benefits of soluble dietary fibers along with rise in incidence of chronic diseases and increasing demand from pharma, food, and feed manufacturers to incorporate soluble dietary fibers into their products, have propelled the utilization of soluble dietary fibers as a source of nutritional ingredient into various products. This is going to succor, exhilarate, and provide momentum to the growth of soluble dietary fibers market in the ensuing years. In addition, the growth of the soluble dietary fibers market is driven by an increasing number of health-conscious consumers and ease of manufacturing the product has increased its application base. Other key drivers include changing lifestyle, higher disposable income, and increasing demand for fiber supplements. However, substantial investments in the R&D activities, laboratories, research equipment, and hiring trained professionals will inhibit the growth of the soluble dietary fibers market in the near future.
Global Soluble Dietary Fibers Market: Segmentation
The global soluble dietary fibers market can be classified based on the source, type, and application. Based on the source, the market is segmented into Fruits & Vegetables, Nuts & Seeds, and Cereals & Grains. On the basis of type, the soluble dietary fibers market is sectored into Inulin, Polydextrose, Pectin, and Beta-glucan. Application wise, the market is classified into Functional Foods & Beverages and Pharmaceuticals.
Global Soluble Dietary Fibers Market: Regional Analysis
Based on regions, the global soluble dietary fibers market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is predicted to register lucrative growth over the coming years, due to the increase in consumer demand for healthy fibrous food.
Asia Pacific soluble dietary fibers market is likely to be the fastest-growing region during the estimated timeline, owing to its large unexplored market potential, emerging food sector and low production costs. The food & beverage market in the Asia Pacific region is currently undergoing a drastic transformation in response to rapid urbanization, diet diversification, and legislation favoring foreign direct investment in the food sector.
The European market is also predicted to witness a profitable growth in the near future, subject to mammoth & widespread demand for functional food & beverage products, the presence of major industry players in these regions, and awareness about the benefits of soluble dietary fibers consumption in the population.
The market growth in the emerging economies will be driven by changes in consumption patterns, public nutritional health & wellbeing measures, use of new sources for manufacturing soluble fiber, easy availability of raw materials, and product innovations.
Global Soluble Dietary Fibers Market: Competitive Players
The soluble dietary fibers market is dominated by key players such as Cargill (U.S.), Ingredion Incorporated (U.S.), Archer Daniels Midland Company (U.S.), DowDuPont (U.S.), and Südzucker AG (Germany). Other players include Kerry Group plc (Ireland), Tate & Lyle PLC (UK), Frutarom Industries Ltd. (Israel), Royal Cosun U.A. (Netherlands), Nexira (France), Tereos (France), and Roquette Frères S.A. (France.
Global Soluble Dietary Fibers Market: Regional Segment Analysis
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