Global Soluble Fibers Market Report 2023: Forecast Market Size, Growth Rate And Key Drivers
11 May, 2023
The global soluble fibers market size is expected to grow from $4.67 billion in 2022 to $5.21 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The soluble fibers market size is expected to reach $7.97 billion in 2027 at a CAGR of 11.1%.
Global Soluble Fibers Market Key Driver
The increasing digestive problems are expected to propel the soluble fibers market going forward. Digestive issues are gastrointestinal disorders that affect the digestive tract, often known as the gastrointestinal (GI) tract. Digestive tract problem symptoms include bleeding, bloating, constipation or diarrhea, and heartburn. Soluble fiber aids digestion and blood sugar control by softening stool and preventing constipation.
Get a Sample of the global soluble fibers market reportGlobal Soluble Fibers Market Segments
The global soluble fibers market is segmented:
1) By Type: Oligosaccharides, Resistant Starch, Resistant Maltodextrin, Polydextrose, Beta-Glucan, Other Types
2) By Raw Material: Fruits and Vegetables, Cereals and Grains, Non-Plant Sources, Other Plant Parts
3) By Application: Functional Food and Beverage, Animal Feed, Pharmaceuticals
4) By Geography: The regions covered in the soluble fibers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global soluble fibers market.
Major Soluble Fibers Industry Players
Tate & Lyle PLC, DowDuPont, Nexira Inc., Ingredion Incorporated, Archer Daniels Midland Company, TIC Gums Inc., Taiyo International, Psyllium Labs LLC, Wacker Chemie AG, Cargill Incorporation, Fiberstar Inc.
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Soluble Fibers Market Overview
Soluble fibers include all dietary fiber that can dissolve in the water. Soluble fibre, when dissolved in water, generates a gel-like substance that aids digestion, modulates nutrient absorption, and regulates bowel motions.
Soluble Fibers Global Market Report 2023 provides data on the global soluble fibers market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The soluble fibers market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.