Market Research Future (MRFR) has published a cooked research report on the “Soluble Fiber Market” that contains information from 2018 to 2032. The Soluble Fiber Market is estimated to register a CAGR of 8.00% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Soluble Fiber Market— Tate & Lyle plc (U.K.), DuPont de Nemours, Inc. (U.S.), Nexira (France), Roquette Frères (France), Cosucra Groupe Warcoing SA (Belgium), FutureCeuticals, Inc. (U.S.), Sensus B.V. (A Part of the Royal Cosun Group) (Netherlands), BENEO GmbH (A part of the Südzucker Group) (Germany), The Archer-Daniels-Midland Company (U.S.), Ingredion Incorporated (U.S.), Herbafood Ingredients GmbH (Germany), Cargill, Inc. (U.S.), Lonza Group AG (Switzerland), Kerry Group plc (Ireland), Tereos S.A. (France), and Frutarom Industries Ltd. (Israel)
The global Soluble Fiber Market is accounted to register a CAGR of 8.00% during the forecast period and is estimated to reach USD 5.7 billion by 2032.
The forecast period is expected to witness a surge in demand for soluble dietary fibers due to changing consumer preferences. Consumers are increasingly turning to sugar substitutes as a means to safeguard their health against issues such as high blood pressure and obesity. This shift in preference is anticipated to drive the demand for soluble dietary fibers.
The global Soluble Fiber Market has been segmented based on Source, Type, and Application.
Based on Source, the market is segmented into Fruit and vegetables, Cereals, and grains. The Fruit and vegetables segment was attributed to holding the largest market share in 2022. The expansion of this particular segment can be attributed to several key factors. These include the rising prevalence of chronic diseases, and the utilization of fibers derived from fruits and vegetables in the management of various health aspects such as digestive health, cardiovascular health, blood glucose regulation, satiety, and weight control. Additionally, fruits and vegetables boast a notably high content of soluble dietary fibers like inulin, pectin, and beta-glucan, surpassing that found in other crops. Furthermore, the increasing consumption of health-conscious and functional food products is expected to be a significant driver of market growth in the coming years.
Based on Type, the market is segmented into Inulin, Pectin, Beta-Glucan, Maltodextrin, and Oligofructose. The insulin segment was attributed to holding the largest market share in 2022. The substantial dominance of this particular segment can be primarily attributed to its extensive utility across various industries, including functional food and beverages, pharmaceuticals, animal feed, and cosmetics. Its versatility and numerous health advantages set it apart from other soluble fibers. Additionally, numerous food manufacturers incorporate inulin into their processed products to enhance nutritional value while serving as a substitute for fats and sugars, further contributing to its market significance.
Based on the Application, the Soluble Fiber Market has been segmented into pharmaceuticals and animal feed. The animal feed segment was expected to hold the largest market share in 2022. These include its effectiveness in mitigating side effects and cost reduction, as well as a rising preference for oral dosages as opposed to injection-based routes. Moreover, there is a heightened awareness regarding the positive impact of soluble dietary fibers on animal health, accompanied by advancements in the nutritional aspects of canine and feline diets. The flourishing animal feed industry is also anticipated to fuel the demand for soluble dietary fibers in the market.
The global Soluble Fiber Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Soluble Fiber Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Soluble Fiber Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Soluble Fiber Market comprises of Middle East, Africa, and Latin America.
The largest market share for the Soluble Fiber Market was maintained by the North American regional sector. The substantial share of the North American soluble dietary fibers market can be attributed to several pivotal factors. These include the escalating incidence of chronic diseases, rising consumption of functional foods, a heightened demand for health-focused and nutritional products, consumer expectations for innovative and health-enhancing food items, and the prevailing health and wellness trend. Notably, nearly 60% of the adult population in the United States grapples with at least one chronic ailment. Chronic conditions such as diabetes, cancer, and cardiovascular diseases rank as the leading causes of mortality in the United States. Over two-thirds of all fatalities are linked to one or more of five chronic illnesses, comprising heart disease, cancer, stroke, chronic obstructive pulmonary disease, and diabetes. As reported by the CDC, a staggering 90% of the nation's annual healthcare expenditures, totaling $3.8 trillion, can be attributed to individuals with chronic diseases and mental health conditions.
Moreover, the Europe market has been persistently growing over the forecast period. Europe is witnessing a heightened focus on preventive health measures, with consumers actively seeking dietary solutions that can aid in the prevention of chronic diseases, support weight management, and promote overall well-being. According to the European Federation of Pharmaceutical Industries and Associations (EFPIA), a significant one-quarter of the working-age population in the EU region grapples with chronic diseases. The economic impact is substantial, with premature deaths resulting from chronic diseases in the working-age population causing annual economic losses of €115 billion in the European Union. Furthermore, there is increasing concern as the data from 2020 reveals that 36% of EU adults aged 65 and above were living with a minimum of two chronic diseases. The burden of chronic diseases has been on the rise over the past decade. Soluble dietary fibers have garnered recognition for their pivotal role in addressing these health objectives. Their incorporation into dietary choices is seen as a proactive measure to mitigate the growing burden of chronic diseases and their associated economic consequences.
The substantial consumption of Soluble Dietary Fibers in the Asia Pacific region can be attributed to the growing health and wellness consciousness among the populace. The presence of manufacturing centers and the escalating demand for Soluble Dietary Fibers from the food and beverage processing sectors are pivotal factors propelling market growth in this region. Additionally, shifting lifestyles and the burgeoning food and beverage sector, complemented by the strategic market entry of key industry players, are expected to be driving forces for market expansion in the foreseeable future. Furthermore, ongoing research and development activities and the expansion of applications in sectors such as animal feed, nutraceuticals, pharmaceuticals, and others have contributed to the widespread adoption of soluble dietary fibers within the regional market.
Furthermore, the rest of the world's Soluble Fiber Market is divided into the Middle East, Africa, and Latin America. The nutritional needs of the populations in these regions are evolving, with consumers seeking products that align with their health and dietary requirements. Soluble dietary fibers are being integrated into various food and beverage products to cater to these changing needs.
Key Findings of the Study