The Soluble Fiber Market size is expected to be around US$ 4.97 Billion in 2021 and is anticipated to grow at over 10.24% CAGR, reaching a valuation of US$ 14 Billion by 2032.
Soluble Fiber Market Overview:
The rise in consumer awareness of health and fitness, as well as the trend toward eating a balanced diet that is excellent for health and avoids diseases, is expected to drive demand for soluble fiber and products that contain soluble fiber as a primary component, such as prebiotics.
Breakfast cereals are quickly gaining market share in the global soluble fiber business due to their improved nutritional profile. This is due to customers’ increased health concerns about the harmful consequences of processed and fast foods, as well as excessive calorie consumption in relation to daily intake amounts. Increased demand for functional and healthy food products among the country’s elderly population would create a strong foundation for the cereals and grains segment’s growth, boosting the soluble fiber market.
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Key Soluble Fiber Players
Some of the key players in the protein ingredients market include Sunopta Inc., Huachang Pharmaceuticals, Archer Daniels Midland Company, Tate & Lyle Danisco A/S, and INGREDION, NEXIRA, among others.
Key Market Dynamics:
The soluble fiber market is estimated to grow rapidly due to rising awareness regarding health and fitness, rising digestive problem among elders, high cases of cholesterol leading to various cardiovascular diseases as well as changing lifestyle and demand for prebiotics.
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Key Market Segmentation:
By Source:
- Fruits and Vegetables
- Cereals and Grains
- Others
By Type:
- Pectin
- Beta-glucan
- Polydextrose
- Inulin
- Others
By Application:
- Animal Nutrition
- Food and Beverages
- Nutraceuticals & Pharmaceuticals
- Others
By Region:
- Latin America
- North America,
- Europe,
- Asia Pacific,
- Africa
- The Middle East
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The report covers exhaustive analysis on:
- How much is the soluble fiber market consumer market currently worth?
- At what CAGR is the market expected to grow?
- How was the performance in the last five years?
- What are the key trends boosting soluble fiber sales?
- How are market players reacting to the new developments in the market?
- How much share do the top 5 companies hold?
- Which are the major countries driving demand for soluble fiber?
- Who are the major players in the soluble fiber market?
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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