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.
The growth in health and fitness awareness among consumers and the trend to consume a healthy diet that is good for health and prevents diseases is likely to boost the demand for soluble fiber market and products that have soluble fiber as a major component like prebiotics. Increasing cases of gastrointestinal and digestive disorders or hectic and dynamic lifestyles and consumers’ changing taste and food preferences are likely to further boost the demand for prebiotics.
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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.
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.
The report segments the market into product type (inulin, polydextrose, pectin and gums, beta-glucan, resistant starch, wheat dextrin, and other product types), source (oats, barley, flax seeds, dried beans and peas, citrus fruits, carrot, and other sources), application (bakery, beverages, cereals, dairy products, nutrition and health supplements, and other applications), across six major regions to provide comprehensive data.
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Key Questions Answered in the Report
- 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?