The global soluble fiber market is set to be valued at USD 5,339.2 million in 2024. It will likely exhibit strong growth, with global soluble fiber sales soaring at 8.2% CAGR during the forecast period. By 2034, the global market value is projected to total USD 11,814.5 million.
Soluble fiber consumption is anticipated to rise significantly in the pharmaceutical segment, owing to its multiple health benefits. The target segment is poised to exhibit a CAGR of 21.6% between 2024 and 2034.
Several factors are expected to drive growth of the soluble fiber industry during the next ten years. These include growing health awareness, increasing demand for functional foods, and growing popularity of food fortification.
Soluble fibers help individuals to maintain a state of complete physical, mental, and social well-being. Consumption of these fibers daily is expected to lower the rate of susceptibility to illnesses, thereby contributing to their rising demand.
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Consumers across the globe are committed to improving their overall health and well-being through diet. This is leading to rising demand for functional foods containing soluble fibers, thereby fostering market growth.
Soluble fibers are gaining wider popularity due to their ability to promote digestive health, regulate blood sugar, and reduce the risk of chronic conditions like diabetes. Thus, growing awareness of the potential health benefits of soluble fibers, especially across developing regions, will benefit the market.
Another key factor expected to fuel soluble fiber sales is the rising food fortification trend ignited by malnutrition, obesity, and under and over-nutrition challenges. Fortification of food products with soluble fibers helps ensure proper nutrition.
Lack of awareness about the health benefits of prebiotics, probiotics, and nutritional lipids among prospective customers in developing regions may hamper market growth. Terms like prebiotics and probiotics confuse the customers.
Key Takeaways from the Soluble Fiber Market Report:
- The global soluble fiber industry is projected to total USD 11,814.5 million in 2034.
- Based on product type, the pectin and gums segment is set to grow at 9% CAGR.
- By application, the pharmaceuticals segment will likely thrive at 6% through 2034.
- Revenue in the United States is set to total USD 943.8 million by 2034.
- Soluble fiber demand in China is predicted to rise at 7% CAGR from 2024 to 2034.
- India is poised to exhibit a CAGR of 2% through 2034.
“Due to the numerous benefits offered by soluble fiber, the target market, which is in its growing phase, is projected to increase significantly in the forecast period,” says a lead Future Market Insights (FMI) analyst.
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Who is Winning?
Leading soluble fiber players listed in the report include Taiyo International Inc., Cargill, Incorporated, Archer Daniels Midland Company, E.I DuPont De Nemours and Company, Lonza Group AG, Roquette Frères Company, and Ingredion Incorporated.
Top companies are expanding their product portfolios through new product launches. They are also employing strategies like partnerships, advertising, acquisitions, facility expansions, agreements, and mergers to gain a competitive edge in the market. For instance:
- In 2022, Cargill unveiled a new soluble fiber with 30 percent low sugar, improving the nutritional profile of a wide range of food applications.
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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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