The scope of the publisher's recent study on the “Soluble Dietary Fibers Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type (Inulin, Pectin, Polydextrose, Beta-glucan, and Others), Source (Cereals and Grains, Fruits and Vegetables, and Others), and Application (Food and Beverages, Animal Nutrition, Pharmaceuticals and Nutraceuticals, and Others),” includes the factors fueling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.
The soluble dietary fibers market was valued at US$ 3,301.31 million in 2021 and is projected to reach US$ 4,546.47 million by 2028; it is expected to grow at a CAGR of 4.7% from 2021 to 2028. Soluble dietary fibers are defined as the fibers that display dispersibility in water to create a gel-like material. Such type of fibers is significantly sourced out from fruits and vegetables, legumes, and oats.
Based on application, the soluble dietary fibers market is segmented into food and beverages, animal nutrition, pharmaceuticals and nutraceuticals, and others. During the forecast period, the food and beverages segment dominated the market. The food and beverages segment held the largest market share in 2020. Soluble dietary fibers are extensively used as a vital ingredient in several food and beverage products, such as dairy products, bakery and confectionery items, beverages, ice creams and desserts, and cereal-based products. These fibers help in promoting the overall nutritional profile along with modifying the physiochemical and functional properties of food and beverage products, such as water-binding capacity, texturizing, and thickening. Growing consumer demand for healthy and functional food products is expected to drive the growth of the soluble dietary fibers market for the food and beverages segment during the forecast period.
The global soluble dietary fibers market is segmented into five main regions-North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). During the forecast period, Asia Pacific is expected to account for the largest share of the global soluble dietary fibers market. The high consumption of soluble dietary fibers in the Asia Pacific region is attributed to rising consciousness toward health and wellness. The presence of a manufacturing hub and the growing demand for soluble dietary fibers from food and beverage processing industries drives the market growth in the region. Additionally, the changing lifestyle of consumers and booming food & beverages industry along with market penetration by global market players are expected to propel the market growth in coming years. In addition, continuous research and development and the growth of pharmaceutical and nutraceutical, animal feed, and other such industries have led to the widespread adoption of soluble dietary fiber in the regional market.
The ongoing COVID-19 pandemic has drastically altered the status of the food & beverages sector and negatively impacted the growth of the soluble dietary fibers market. The implementation of measures to combat the spread of the virus has aggravated the situation and affected the growth of several industrial sectors. The market has been impacted by the sudden distortion in operational efficiencies and disruptions in the value chains attributable to the sudden closure of national and international boundaries. Disruptions in terms of sourcing of raw materials from suppliers and temporarily closures of manufacturing bases due to indefinite lockdowns and temporary quarantines have impacted the growth of the market during the pandemic. However, as much as the pandemic have affected the supply chain operations, the pandemic has generated the need for healthy living among the consumers, due to which, the consumers have shifted their attention toward nutritional food products. For instance, as per an article published by NutritionInsight in June 2020, the pandemic has created growth opportunities for the dietary fiber market with the growing inclination toward organic, natural, and clean label products, along with strong focus on gut health and sugar replacements. As per the World Health Organization (WHO) health guidelines, it is imperative to consume 25 g dietary fibers per day to build immunity against microbes. Soluble fibers obtained from oats, barley, peas, apples, citrus fruits, and potatoes, as well as chemically engineered sulfated glucans, possess the potential to mitigate constipation and show strong antiviral capabilities. Further, as per the International Scientific Association for Pro- and Prebiotics (ISAPP), inulin and oligofructose are categorized as significant types of plant-based, prebiotic soluble dietary fibers, which possesses the capability to promote gut health, essential at the present pandemic times. For instance, as per an article published by FoodIngredientsFirst, consumers are actively involved in consuming organic chicory root fiber. This fiber is composed of soluble inulin fiber, and it helps to promote gut health, mental well-being, and immunity. Hence, with the growing trend of consumption of functional and immunity-booster products, the demand for soluble dietary fibers is expected to flourish in post-pandemic times. Further, as the economies are planning to revive their operations, the demand for soluble dietary fibers is expected to rise globally. The expanding demand for soluble dietary fibers across food & beverages, pharmaceuticals and nutraceuticals, animal feed, and other industries, along with significant investment by prominent manufacturers, is expected to drive the soluble dietary fibers market.
Based on type, the soluble dietary fibers market is segmented into inulin, pectin, polydextrose, beta-glucan, and others. By source, the market is segmented into cereals and grains, fruits and vegetables, and others. The soluble dietary fibers market, based on application, is segmented into food and beverages, animal nutrition, pharmaceuticals and nutraceuticals, and others.
Reasons to Buy
The soluble dietary fibers market was valued at US$ 3,301.31 million in 2021 and is projected to reach US$ 4,546.47 million by 2028; it is expected to grow at a CAGR of 4.7% from 2021 to 2028. Soluble dietary fibers are defined as the fibers that display dispersibility in water to create a gel-like material. Such type of fibers is significantly sourced out from fruits and vegetables, legumes, and oats.
Based on application, the soluble dietary fibers market is segmented into food and beverages, animal nutrition, pharmaceuticals and nutraceuticals, and others. During the forecast period, the food and beverages segment dominated the market. The food and beverages segment held the largest market share in 2020. Soluble dietary fibers are extensively used as a vital ingredient in several food and beverage products, such as dairy products, bakery and confectionery items, beverages, ice creams and desserts, and cereal-based products. These fibers help in promoting the overall nutritional profile along with modifying the physiochemical and functional properties of food and beverage products, such as water-binding capacity, texturizing, and thickening. Growing consumer demand for healthy and functional food products is expected to drive the growth of the soluble dietary fibers market for the food and beverages segment during the forecast period.
The global soluble dietary fibers market is segmented into five main regions-North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM). During the forecast period, Asia Pacific is expected to account for the largest share of the global soluble dietary fibers market. The high consumption of soluble dietary fibers in the Asia Pacific region is attributed to rising consciousness toward health and wellness. The presence of a manufacturing hub and the growing demand for soluble dietary fibers from food and beverage processing industries drives the market growth in the region. Additionally, the changing lifestyle of consumers and booming food & beverages industry along with market penetration by global market players are expected to propel the market growth in coming years. In addition, continuous research and development and the growth of pharmaceutical and nutraceutical, animal feed, and other such industries have led to the widespread adoption of soluble dietary fiber in the regional market.
Impact of the COVID-19 Pandemic on the Soluble Dietary Fibers Market
The ongoing COVID-19 pandemic has drastically altered the status of the food & beverages sector and negatively impacted the growth of the soluble dietary fibers market. The implementation of measures to combat the spread of the virus has aggravated the situation and affected the growth of several industrial sectors. The market has been impacted by the sudden distortion in operational efficiencies and disruptions in the value chains attributable to the sudden closure of national and international boundaries. Disruptions in terms of sourcing of raw materials from suppliers and temporarily closures of manufacturing bases due to indefinite lockdowns and temporary quarantines have impacted the growth of the market during the pandemic. However, as much as the pandemic have affected the supply chain operations, the pandemic has generated the need for healthy living among the consumers, due to which, the consumers have shifted their attention toward nutritional food products. For instance, as per an article published by NutritionInsight in June 2020, the pandemic has created growth opportunities for the dietary fiber market with the growing inclination toward organic, natural, and clean label products, along with strong focus on gut health and sugar replacements. As per the World Health Organization (WHO) health guidelines, it is imperative to consume 25 g dietary fibers per day to build immunity against microbes. Soluble fibers obtained from oats, barley, peas, apples, citrus fruits, and potatoes, as well as chemically engineered sulfated glucans, possess the potential to mitigate constipation and show strong antiviral capabilities. Further, as per the International Scientific Association for Pro- and Prebiotics (ISAPP), inulin and oligofructose are categorized as significant types of plant-based, prebiotic soluble dietary fibers, which possesses the capability to promote gut health, essential at the present pandemic times. For instance, as per an article published by FoodIngredientsFirst, consumers are actively involved in consuming organic chicory root fiber. This fiber is composed of soluble inulin fiber, and it helps to promote gut health, mental well-being, and immunity. Hence, with the growing trend of consumption of functional and immunity-booster products, the demand for soluble dietary fibers is expected to flourish in post-pandemic times. Further, as the economies are planning to revive their operations, the demand for soluble dietary fibers is expected to rise globally. The expanding demand for soluble dietary fibers across food & beverages, pharmaceuticals and nutraceuticals, animal feed, and other industries, along with significant investment by prominent manufacturers, is expected to drive the soluble dietary fibers market.
Overview of the Soluble Dietary Fibers Market
The report segments the global soluble dietary fibers market as follows:
Based on type, the soluble dietary fibers market is segmented into inulin, pectin, polydextrose, beta-glucan, and others. By source, the market is segmented into cereals and grains, fruits and vegetables, and others. The soluble dietary fibers market, based on application, is segmented into food and beverages, animal nutrition, pharmaceuticals and nutraceuticals, and others.
Reasons to Buy
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the global soluble dietary fibers market, thereby allowing players to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
Frequently Asked Questions about the Global Soluble Dietary Fibers Market
What is the estimated value of the Global Soluble Dietary Fibers Market?
What is the growth rate of the Global Soluble Dietary Fibers Market?
What is the forecasted size of the Global Soluble Dietary Fibers Market?
Who are the key companies in the Global Soluble Dietary Fibers Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 163 |
| Published | July 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD
| USD 3301.31 Million |
| Forecasted Market Value ( USD
| USD 4546.47 Million |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Global |
Table of Contents
1. Introduction
2. Key Takeaways
3. Research Methodology
4. Global Soluble Dietary Fibers Market Landscape
5. Soluble Dietary Fibers Market - Key Market Dynamics
6. Soluble Dietary Fibers - Global Market Analysis
7. Soluble Dietary Fibers Market Analysis - By Type
8. Soluble Dietary Fiber Market Analysis - By Source
9. Soluble Dietary Fiber Market Analysis - By Application
10. Soluble Dietary Fiber Market - Geographic Analysis
11. Impact of COVID-19 Pandemic on Global Soluble Dietary Fibers Market
12. Industry Landscape
13. Company Profiles
14. Appendix
Companies Mentioned
A selection of companies mentioned in this report includes:
- Cargill, Incorporated
- Kerry Group
- Ingredion Incorporated
- Nexira
- Roquette Frères
- ADM
- Tate And Lyle PLC
- IFF Nutrition & Biosciences
- Beneo GMBH
- Cosucra
