According to this latest publication from Meticulous Research®, the global soluble dietary fibers market is expected to grow at a CAGR of 7.8% from 2022 to 2029 to reach $4.99 billion by 2029. The growth of this market is attributed to the growing health consciousness and awareness about the health benefits of soluble dietary fibers among consumers, the rising incidences of chronic diseases, the increasing demand from pharma, food, and feed manufacturers to incorporate soluble dietary fibers into their products, and the increasing role of government to promote healthy food across the globe. Furthermore, emerging applications of soluble dietary fibers and emerging markets such as Southeast Asia, Latin America, and the Middle East & Africa are expected to create lucrative opportunities for players operating in this market. However, the lengthy and costly regulatory approval process and high cost of manufacturing technology are expected to hinder the growth of this market.
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The global soluble dietary fibers market is segmented by source (fruit & vegetables, cereals & grains, nuts & seeds, and others), type (inulin, pectin, beta-glucan, polydextrose, maltodextrin, oligofructose, arabinoxylan-oligosaccharides, and others), and application (functional foods & beverages, pharmaceuticals, animal feed, and others) and geography. The study also evaluates industry competitors and analyzes the regional and country-level markets.
Based on source, in 2022, the fruit & vegetables segment is expected to command the largest share of the overall soluble dietary fibers market. The large share of this segment is attributed to the factors such as the high content of soluble dietary fiber such as inulin, pectin, and beta-glucan in fruit & vegetables as compared to other crops and consumers’ awareness of the health benefits associated with dietary fibers. Furthermore, the growing consumption of healthy and functional food products is projected to drive the growth of this segment over the next few years.
Based on type, the beta-glucan segment is projected to register the highest CAGR during the forecast period. The fast growth of this segment is attributed to increasing soluble dietary fiber applications in various industries due to its versatile functionality and the presence of no specific recommendation about the intake of beta-glucan. It is used in various foods and beverages, including cereals, baked goods, soups, sauces, salad dressings, dips, smoothies, fruit juices, and sports drinks, driving the growth of this segment.
Based on application, in 2022, the food & beverage segment is expected to command the largest share of the global soluble dietary fibers market. The large share of this segment is attributed to the factors such as the growing use of soluble dietary fibers in food and beverage products used as stabilizers, texturizers, and low-calorie sweeteners, increasing demand for sugar-free and low-calorie food, and increasing health consciousness among consumers leading to their changing eating habits. Moreover, in response to this increased demand, several food manufacturers have introduced various new and reformulated products. For instance, major companies, including Ingredion Inc. and Cargill, Inc., continue investing in research & development activities to introduce innovative products in the soluble dietary fibers industry space, driving the demand for soluble dietary fibers in the food industry.
Based on geography, Asia-Pacific is expected to grow with the fastest CAGR during the forecast period. The fast growth of the Asia-Pacific market is attributed to the factors such as increasing awareness about a healthy diet; the booming food & beverage industry in the countries such as China, India, Japan, and Indonesia; and rising health awareness among people coupled with the increasing number of fitness clubs in Asia-Pacific countries.
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Key Players
The key players operating in the global soluble dietary fibers market are 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).
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