Increasing market acceptance of soluble fiber in pharmaceutical and nutrient applications is paving the way for market growth
Soluble Fiber Market Growing at a CAGR of 4.7% from 2021 to 2027| Stock, Trend, Growth Rate and Forecast 2021-2027
Pune, Oct. 19, 2021 (The Globe Newswire) – The global soluble fiber market size was estimated at $3,301.31 Million in 2020 and is expected to reach $4,546.47 Million by 2027, growing at a CAGR of 4.7% from 2021 to 2027.
Soluble dietary fiber is defined as a fiber that disperses in water to form a gel-like substance. These fibers form viscous gels in the digestive tract and have the ability to impede the passage of food from the stomach to the intestines. Fiber of this type is found in abundance in fruits, vegetables, legumes, and oats. Soluble dietary fiber promotes colon health by stimulating the growth of dicotyledonous bacteria or lactobacilli in the gut and coronary artery health and by reducing cholesterol and glucose levels.
Increasing applications of soluble fiber in pharmaceuticals and nutrients
Soluble dietary fiber is added to foods to improve colon health, as well as stimulate bifidobacteria or lactobacilli in the gut, coronary artery health, and reduce cholesterol and glucose metabolism. Moreover, soluble dietary fiber helps in losing weight and reducing the risk of cardiovascular disease. Increased consumer awareness of value-added products, as well as the advancement of developing countries, will create more opportunities for soluble fiber market growth. However, in the near future, global and domestic food safety standards may pose a significant obstacle to the growth of the soluble fiber market.
The main players
The major players identified in the Soluble Fiber market analysis include Roquette Frères. and Batory Foods, Tate & Lyle, Taiyo International, Shimizu Chemical Corporation, Taiyo Kagaku India Pvt Ltd, and TIC Gums, Inc. and Shandong Guangming Super Refractory Fiber Co., Ltd., Nexira SAS, Nestlé, Emsland Group, and Vippy Industries Ltd. and ADM, FENCHEM, and PMV Nutrient Products Pvt Ltd. and Fiberstar, Cargill, and Incorporated. and Wacker Chemie AG, Psyllium Labs LLC, DuPont, Jiangsu Huachang (Group) Co. Ltd.
Impact of COVID-19 on Soluble Fiber
The ongoing COVID-19 pandemic has had a major impact on the food and beverage industry, and the growth of the soluble fiber market. Installing steps to stop the spread of the virus has exacerbated the situation and harmed the growth of various industries. The market has been affected by the sudden loss of operational efficiencies and value chain disruptions caused by the rapid closure of national and international borders.
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Market Segmentation Analysis
Based on the type, the market is segmented into Inulin, Pectin, Polydextrose, Beta-Glucan, and others. The insulin segment dominates the market. Inulin is a soluble fiber that can be found in a variety of plants. Wheat, onions, garlic, bananas, leeks, artichokes, dandelion roots, and asparagus are among the fruits, vegetables, and herbs used for inulin extraction. Dandelion roots are a common source of inulin for medicinal purposes. Weight loss, constipation, diarrhea, and diabetes are all treated with insulin.
On the basis of source, the market is divided into cereals, grains, nuts, seeds, fruits and vegetables, among others. The cereals and grains segment currently enjoys the largest market share. Soluble fiber is produced from a variety of grains and cereals, including wheat, barley, oats, rye and corn. Wheat bran, which is the outer covering of the whole wheat grain, is rich in prebiotics. Wheat bran can help with digestive issues like gas, cramps, and stomach pain. Oats have a lot of soluble fiber in them.
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Based on the application, the market is segmented into functional foods and beverages, animal feed, and pharmaceuticals, among others. The food and beverage industry dominates the market. Soluble fiber is used in many ways in the food and beverage sector. This soluble fiber can be found in a variety of items such as dairy products, bakeries, protein bars, cereal bars, beverages, desserts, ice cream, desserts, soft drinks, bread, and grain-based products. Inulin, polydextrose, pectin, and dextrin are soluble fibers used to replace fats and sugar in diets.
Based on region, the market has been studied across the Americas, Asia Pacific, Europe, Middle East and Africa. North America is expected to have the largest market share in the insoluble dietary fiber industry, followed by Europe. The soluble dietary fiber market is led by the United States, followed by Canada. This is attributed to the increased health awareness among Americans, and the increased demand for functional foods. Europe is the second largest region in terms of soluble fiber market share.
In May 2021, Tate & Lyle increased its award-winning PROMITOR line of soluble fibers. The company will release two additional fluid versions of PROMITOR as part of the expansion, PROMITOR Soluble Fiber W and PROMITOR Soluble Fiber 90L. These versions have been specifically developed to produce drinks, desserts, and bars that are lower in sugar and calories, as well as fortifying with fibre, while preserving the exceptional taste, texture and consumer experience.
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