Soluble Dietary Fibers Market Forecasts to 2028 – Global Analysis By Source (Nuts and Seeds, Beans), Type (Pectin, Polydextrose), Application (Functional Foods & Beverages, Animal Feed/Animal Nutrition) and By Geography
According to Stratistics MRC, the Global Soluble Dietary Fibers Market is accounted for $2,384.37 million in 2020 and is expected to reach $7,096.35 million by 2028 growing at a CAGR of 14.6% during the forecast period. While the factors like surging demand for functional food and growing applications of soluble dietary fibers in pharmaceuticals and nutraceuticals are propelling the market growth. However, fluctuation in raw material prices is hampering market growth.
Soluble dietary fibers are defined as the fibers that display dispersibility in water to create a gel-like material. These fibers make viscous gels in the gastrointestinal tract and possess the capability to slow down the process of passing food from the stomach to the intestine. Such type of fibers is significantly sourced out from fruits and vegetables, legumes, and oats.
Based on the type, the inulin segment is projected to dominate the market. Inulin is a soluble fiber obtained from many plants. Various types of fruits, vegetables, and herbs, including wheat, bananas, leeks, artichokes, chicory roots, and asparagus, are used to extract inulin. It is used in a variety of products, including dairy products, healthcare nutrition, newborn nutrition, drinks, confectionery, ice cream, and savory foods.
By geography, the Asia Pacific holds the largest share in the market. The high expenditure of soluble dietary fibers in this region is attributed to increasing consciousness toward health and wellness. The presence of a manufacturing hub and the rising demand for soluble dietary fibers from food and beverage processing industries drive the market growth in the region.
Some of the key players profiled in the Soluble Dietary Fibers Market include ADM, Beneo GMBH, Cargill, Inc, Cosucra, E. I. Du Pont, Frutarom Industries Ltd, Grain Processing Corporation, IFF Nutrition & Biosciences, Ingredion Incorporated, Kerry Group, Nexira, Roquette Freres, Royal Cosun U.A., Sudzucker AG, SunOpta Inc, Tate and Lyle PLC, and Tereos.
• Fruits and Vegetables
• Nuts and Seeds
• Cereals and Grains
• Other Types
• Functional Foods & Beverages
• Animal Feed/Animal Nutrition
• Pharmaceuticals and Nutraceuticals
• Other Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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