The global market for soluble fiber is poised for significant growth, projected to reach a value of USD 5,339.2 million by 2024. This growth trend is expected to continue robustly, with sales of soluble fiber worldwide forecasted to increase at a CAGR of 8.2% through the forecast period. By 2034, the market is anticipated to reach a total value of USD 11,814.5 million.
Key aspects driving the sales of soluble fiber are the growing health consciousness among customers and the increased ease of integration of the soluble fiber application base. The increasing use of nuts and seeds due to their nutritional benefits is likely to drive category expansion over the forecast period. One of the key factors leading to the growing demand for these goods is the increased usage of organic components in the production process of nuts and seeds.
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The nuts and seeds category is estimated to develop in emerging nations due to its high protein content. The Food and Drug Administration (FDA) and other major regulatory organizations have also approved the health claims linked with these goods. The agency backs up assertions that soluble fiber consumption lowers the risk of coronary heart disease (CHD), cancer, and other life-threatening disorders.
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.
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.
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 2022, Cargill launched a soluble fiber with 30 percent low sugar, which improves the nutritional profile of a wide range of food applications.
- In 2023, Cargill launched a soluble corn fiber ingredient. With a least 80% fiber concentration on a dry basis, the ingredient allows for a high fiber claim in products.
- Recently, Roquette introduced NUTRIOSE soluble pea fiber in the United States to meet rising consumer demand for plant-based food ingredients.
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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
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