The projection term is expected to see a fastpaced CAGR of 8.2% for the global soluble fiber market.The market for soluble fiber is now valued at US$ 2.4 billion in 2023, and by the end of 2033, it is expected to reach a high of US$ 5.4 billion.
The greater use of organic components in the manufacture of nuts and seeds is one of the primary elements driving the growing demand for these items. Because of its high protein content, the nuts and seeds sector is expected to grow in emerging markets. The FDA and other major regulatory organisations have also authorised the health claims associated with these products. The agency backs up claims that eating soluble fibre reduces the risk of coronary heart disease (CHD), cancer, and other life-threatening diseases.
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This generation is willing to spend more on better items for more health-conscious eating. This is anticipated to reveal creative market opportunities. Dietary fibers have been shown to improve weight control, heart health, immunity, satiety, and digestive health. As a result, according to Cargill, Inc., over 56% of adult customers in the United States are looking for fiber-rich meals. Furthermore, the World Health Organization recommends 25 g of fiber per day for adult women and 38 g per day for adult males. However, the global average consumption is less than 20 g/day.
The disparity, combined with rising consumer interest in health and well-being, has sparked the fiber fortification movement in the food industry. The United Kingdom Food and Drink Federation (FDF) introduced new efforts to increase fiber intake in the country in September 2021. Currently, just 9% of Americans consume the recommended amount of fiber. However, the irregularity in global laws and the increase in research and development are expected to restrict the growth of the soluble fiber market throughout the forecast period. Furthermore, international and domestic food safety requirements may provide further challenges to the growth of the soluble fiber market soon.
Key Takeaways:
- The United States is expected to hold a substantial share of the global soluble fiber market throughout the projected period. To assist the people of America to fulfil the required daily fiber consumption of 25 to 30 grams, almost all the leading food corporations and many regional and local manufacturers are adding fiber to their products.
- During the projection period, Asia Pacific soluble fiber market is predicted to hold a significant share, driven by China and Japan. Soluble fiber is created enzymatically in China from the cellulose portion of Chinese cabbage refuse.
- Owing to its use in the production of jam and jelly and its active component in reducing blood cholesterol, the “pectin” type is expected to hold the significant revenue through the forecast period.
Competitive Landscape:
To improve the brand and income, industry participants invest in a flood of focused product releases and global expansion. To boost its consumer base and reinforce its position, they are also increasing its footprint across many continents and entering new markets, particularly emerging ones. With the increase in cardiovascular diseases and growing consciousness about health throughout the world, these participants are introducing new creative products to the market. These factors are expected to boost the global soluble fiber market size considerably.
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Key Players:
- Cargill Inc.
- Sunopta Inc.
- Huachang Pharmaceuticals
- Archer Daniels Midland Company
- Tate & Lyle plc
- Danisco A/S
- INGREDION
- NEXIRA
- Kerry Group
- ADM
Recent Developments:
- In October 2019, Cargill, Incorporated invested US$ 35 million in Cargill, Incorporated, situated in Europe, to manufacture soluble fibers that suit customer demand for natural and healthier goods.
- In April 2021, in China, DuPont introduced the Nurica enzyme. This enzyme is a novel enzymatic solution that allows manufacturers to make dietary fibers in the form of GalactoOligoSaccharides naturally.
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Key Segments Profiled in the Soluble Fiber Market Survey
By Source:
- Fruits & Vegetables
- Cereals & Grains
- Others
By Type:
- Pectin
- Beta-glucan
- Polydextrose
- Inulin
- Others
By Application:
- Animal Nutrition
- Food & Beverages
- Nutraceuticals & Pharmaceuticals
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
- Europe
Author
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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