Soluble Fibers Market Outlook 2019, Industry Insights, Business Trends and Forecast Report by 2024
Date: 2019-06-18   Author: Rahul Sankrityayan  Category: #market

Soluble Fibers Market Outlook 2019, Industry Insights, Business Trends and Forecast Report by 2024

Global Market Insights, Inc. provides a detailed overview of Soluble Fibers Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Global soluble fibers market has stood as one of the major beneficiaries of the changing food habits of health-conscious and aware consumer base. With the exponentially increasing number of consumers utilizing fibers as a major ingredient in their diets, the global soluble fibers industry is indeed poised for a remarkable expansion in the ensuing years. In fact, fiber – which has since long been tagged as a vital ingredient for optimal digestive health, weight control & management, etc.– has remained protruding amid myriad breakthroughs of other ingredients in the F&B industry.

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Speaking along similar lines, North America with U.S. at its forefront is witnessing a phenomenal growth pertaining to the health-conscious population. Increasing awareness regarding the importance of gut health due to surging rate of digestive problems has in turn augmented demand for soluble fiber products in the region.

On the geographical aspects, it becomes imperative to mention that Europe, with increasing demand for nutritional food products is poised to register a CAGR of 16.6% over 2017-2024. Asia Pacific soluble fibers market, on grounds of rising urban population and high density of ageing population, is set to witness y-o-y growth rate of 17% over 2017-2024.

Soluble Fibers Market by Raw Material

  • Fruits & vegetables
  • Cereals & grains
  • Other plant parts
  • Non-plant sources

Lower level of awareness in the emerging economies of Asia Pacific, Middle East & Africa, and Latin America may be a key hindrance for the soluble fibers market development. A high number of people living in these developing countries are characterized by a medium-high level of education and a prevalence of low average income. This factor has led to lower awareness about the advantages of soluble fibers and a lack of ability to spend on nutritional products which will hinder the market development during forecast years.

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Among the product types, inulin is the largest segment which is likely to hold over 30% of the global share by 2024. Inulin is extensively used in fortified foods and pharmaceutical products and their lower costs will aid the market segment growth in coming years.

Based on application, the soluble fibers industry is divided into animal feed, pharmaceuticals, and functional foods & beverages. Pharmaceuticals will be an important application segment for the soluble fibers market and is likely to advance by a notable rate till 2024. Soluble fiber based supplements are becoming increasing popular in recent years. Asia Pacific and Europe will be the key regions that will drive the product demand for pharmaceutical applications.

Europe will be a major soluble fibers market which is likely to gain by more than 16.6% CAGR during forecast years. A high density of ageing population coupled with increased demand for nutritional food products will propel the regional industry development. Asia Pacific will witness the most significant growth rate among other regions owing to a higher market development potential in emerging countries.

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Major soluble fiber manufacturers include Archer Daniels Midland Company, DuPont Nutrition & Health, Tate & Lyle, Nexira, INGREDION, Taiyo International, TIC Gums, Psyllium Labs, Wacker Chemie, Cargill, Roquette, Marshall Ingredients, Fiberstar, Fenchem, and PMV Nutrient Products.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.



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Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for AlgosOnline, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in t...

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