Soluble Fiber Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2024
The soluble fiber market can be classified based on source, type, and application. Based on source, the global soluble fiber market can be fragmented into barley, oats, legumes, and chia seeds, among others.
Sarasota, FL -- (SBWire) -- 11/23/2018 --Global Soluble Fiber Market: Overview
Soluble fibers are one of the most essential components of dietary roughage or fiber—an indigestible portion of food derived from plants. Soluble fiber gets easily dissolved in water before being fermented further in the colon. The process of fermentation converts the fiber into gases or other by-products. The popularity of the global soluble fiber market can be attributed to growing incidences of obesity across the world, as soluble fiber helps in weight management by speeding up the metabolism rate.
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Global Soluble Fiber Market: Growth Factors
The major growth driver in the global soluble fiber market is the growing awareness about the health benefits of soluble fibers, such as lowers cholesterol, controls blood sugar levels, and aids in digestion. In addition, soluble fibers also help in increasing the size, softness, and weight of stool, which, in turn, makes it easier to pass and lowers the risk of hemorrhoids. The food and beverage are increasing using soluble fibers to improve the nutritional and fiber content of their products. This is also fuelling the expansion of the global market for soluble fiber.
Over-consumption of soluble fibers causes constipation, which might act as a growth restraint of the market for soluble fiber on a global scale.
Global Soluble Fiber Market: Segmentation
The soluble fiber market can be classified based on source, type, and application. Based on source, the global soluble fiber market can be fragmented into barley, oats, legumes, and chia seeds, among others. The oats and barley segment is anticipated to substantially contribute in terms of value in the upcoming years. This is due to the easy accessibility of raw material at a low price. On the basis of type, the soluble fiber market can be categorized into polydextrose, insulin, beta-glucan, and pectin, among others. The beta-glucan segment is projected to account for the biggest market share during the forecast period. This is due to the growing utilization of beta-glucan in functional food items. Based on application, the market for soluble fiber market can be segmented into feed industries, pharmaceutical industry, and functional food. The functional food segment is projected to hold a substantial share in the market for soluble fiber during the forecast period. This is due to growing awareness about the consumption of fortified and functional foods.
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Global Soluble Fiber Market: Regional Analysis
Based on regions, the global market for formulation additives can be divided into five main regions: North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. The North America region is projected to dominate the market for soluble fiber in the upcoming years. This is due to the growing consumer demand for healthy fibrous foods, rising awareness about health benefits of various soluble dietary fibers, such as beta-glucan, insulin, etc., and growing prevalence of cardiovascular diseases and obesity that leads to an increased preference for low-calorie and natural foods. The European region is anticipated to hold a substantial share in the market for soluble fiber in the future. This is due to increasing incidences of constipation among other digestive issues and growth of various functional food products.
Global Soluble Fiber Market: Competitive Players
Some key players of the global market for soluble fiber are TIC Gums, Taiyo International, Fiberstar, Wacker Chemie, Fenchem, Naturex, Tereos, Sunopta Inc., Tate & Lyle, Ingredion Incorporated, Huachang Pharmaceuticals, Danisco, Archer Daniels Midland Company, Lonza Group, Roquette Freres S.A., Cargill, Frutarom Industries, Kerry Group, Sudzucker AG, and DuPont, among others.
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Global Soluble Fiber Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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