Global Soluble Fibers market research 2024, Forecast To 2033
4 Mar, 2024
The soluble fibers market size has experienced rapid growth, ascending from$5.19 billion in 2023 to$5.79 billion in 2024, reflecting a compound annual growth rate (CAGR) of 11.6%. The growth in the historic period is attributed to health and wellness trends, increasing chronic health conditions, expansion of the beverage industry, regulatory support, health claims, and consumer preference for natural ingredients. Positioned for rapid growth in the coming years, the market is projected to reach$9.18 billion in 2028, with a compound annual growth rate (CAGR) of 12.2%. Major trends in the forecast period include integration with functional drinks, innovative flavors, retail expansion, accessibility, and health claims with effective marketing strategies.
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. For instance, in September 2022, according to a new survey released by the American Gastroenterological Association, a US-based medical organization of gastroenterologists that has over 16,000 scientists and physicians as members, nearly 40% of Americans have discontinued ordinary activities in the recent year owing to unpleasant gastrointestinal symptoms. Therefore, the increasing digestive problems will drive the growth of the soluble fibers market. In 2023, the market size for soluble fibers is valued at X, and it is projected to reach Y by 2028.
Get A Free Sample Of The Global Soluble Fibers Market ReportGlobal Soluble Fibers Market Segments
The global soluble fibers market covered in this report 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
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.
North America was the largest region in the soluble fibers market share in 2023. The regions covered in the soluble fibers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Soluble Fibers Industry Players
Tate & Lyle PLC, DowDuPont, Nexira Biotech Inc., Ingredion Incorporated, Archer Daniels Midland Company, TIC Gums Inc., Taiyo International, Psyllium Labs LLC, Wacker Chemie AG, Cargill Incorporation, Fiberstar Inc., Marshall Ingredients, PMV Nutrient Products Pvt. Ltd., Fenchem, Tereos S.A., Roquette Freres, Kerry Group PLC, The Green Labs LLC, Lonza Group AG, Cosucra Groupe Warcoing SA, Grain Processing Corporation, Matsutani Chemical Industry Co. Ltd., ADM WILD Europe GmbH & Co. KG, Sensus BV, DSM, Beneo, Incorporated Foodstuffs Pvt. Ltd., Glanbia PLC, Hergestellt GmbH, FiberPro 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.