The soluble fiber market, projected for a strong 8% CAGR during 2022 – 2032, will witness continued preeminence of dried beans and peas over other sources. This primacy is attributed to their cheaper price point and subsequently, easier availability. FMI reports that the demand for soluble fiber for usage in nutrition and health supplements will increase at a striking rate through 2022.
Compared to developing regions, the sales of soluble fiber are envisaged to be higher in the countries of North America and emerging markets of Europe.
Established companies as well as startups are investing in the soluble fiber market due to its steady expansion prospects. Cargill acquired EWOS, a market leader in salmon nutritional feed, by entering into an agreement with Altor and Bain capital II in Europe place of antibiotics in production of aqua feed and other animal feed for sustainability of healthy growth of farmed animal and fish.
Soluble fiber Market size is estimated to be around USD 4.97 Bn in 2021 and is estimated to grow at over 10.24% CAGR and is expected to reach a value of USD 14 Bn for the period between 2022 and 2032.
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Key Takeaways – Soluble Fiber Market Study
- Strategic penetration of untapped markets in developing regions coupled with the introduction of low-priced products is projected to create great opportunities for manufacturers. These markets include Africa, India, and Indonesia, where there is a growing demand for soluble fiber products due to an increase in malnutrition rates.
- 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.
- Consumers now-a-days are not just consuming food to fill their stomach. Consumer preferences are shifting towards health-specific products that prevent diseases as well as boost mental and physical well-being.
Companies should be dedicating their strategic focus to diversification of product portfolio, as it will help them stand out in competition. Lonza Group AG acquisition of InterHealth, a U.S.-based firm allows the former to offer 15 branded ingredients, leading to an extraordinarily extended product portfolio.
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Increasing Demand for Food and Beverage Fortification
Fortification of food and food products with soluble fibers will eventually help in ensuring proper nutrition. It is observed that with balanced diet, consisting of vitamins, minerals, protein, and other components, a person can lose or gain weight in a healthy manner. Thus, the demand for food and beverage products fortified with soluble fibers is expected to lead to robust growth of soluble fibers market.
Find More Valuable Insights on Soluble Fiber Market Report
Future Market Insights, in its new offering, offers an unbiased analysis of the global soluble fiber market, presenting historical demand data (2012-2018) and forecast statistics for the period, 2019-2026. The study divulges compelling insights on the soluble fiber market.
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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