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Soluble Fiber Market Overview
Soluble Fiber Market size is estimated to reach $2,651 million by 2026, growing at a CAGR of 6.1% over 2021-2026. Soft, sticky fiber that absorbs water to produce a gel-like consistency inside the digestive system is referred to as soluble fiber. Cereals & Grains, avocados, and fruits are all good sources. It also binds to cholesterol and sugar, delaying or stopping their absorption into the bloodstream. These are dispersible in water, thereby giving rise to viscous gels in the gastrointestinal tract. The soluble fiber on the basis of its product types can be classified into Resistant Starch, Insulin, Beta-Glucan, etc. There are several applications of Soluble Fiber such as functional foods and beverages, animal feed, etc. These proteins are a form of insoluble functional protein with specific visco-elastic properties that give product elasticity and extensibility. Soluble Fibers are becoming a common requirement for bakery products followed by the increasing popularity of plant-based foods. Furthermore, Soluble Fiber being a suitable alternative for non-animal protein among vegans coupled with nutritional benefits for lactose-intolerant consumers can be considered as another major factor driving the growth of this market. Above all, economic growth and urbanization are causing substantial shifts in population-level dietary patterns; particularly in low- and middle-income nations, with emerging countries accounting for the majority of the worldwide rise in demand for animal-based foods which is set to further enhance the overall market demand for Soluble Fiber market for the period 2021-2026.
Report Coverage
The report: “Soluble Fiber Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Soluble Fiber Market.
By Product Type: Inulin, Oligosaccharides, Resistant Starch, Resistant Maltodextrin, Polydextrose, Beta-Glucan and Others.
By Source: Oats, Barley, Chia Seeds, Legumes and Others.
By Applications: Bakery, Beverages, Cereals, Dairy Products, Nutrition and Health supplements and Others.
By Geography: North America (U.S., Canada, Mexico), Europe (U.K, Germany, Italy, France, Spain, Russia, Rest of Europe), Asia Pacific (China, Australia, Japan, South Korea, India, Rest of Asia Pacific), South America (Brazil, Argentina, Others) and Rest of the World (Middle East, Africa)
Key Takeaways
- In 2020, North America dominated the Soluble Fiber Market.
- Growing awareness about the health among people and opting for food products that can meet the demand for functional food are enhancing the growth of the Soluble Fiber Market.
- Detailed analysis of the Strength, Weaknesses, and Opportunities of the prominent manufacturers operating in the market will be provided in the Soluble Fiber Market report.
- High R&D cost is set to create hurdles for the Soluble Fiber Market.
Soluble Fiber Market Size, By Application, 2020 (%)
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Soluble Fiber Segment Analysis – By Product Type
The Soluble Fiber Market based on product type can be further segmented into Inulin, Oligosaccharides, Resistant Starch, Resistant Maltodextrin, Polydextrose, Beta-Glucan, and Others. The beta-glucan segment is the major segment generating revenue in 2020 owing to the increasing usage of beta-glucan in functional food and is projected to support the segment growth during the forecast period 2021-2026. Furthermore, the pectin segment is estimated to register the fastest CAGR of 7.5% for the period 2021-2026. This is mainly owing to the fact that Pectin enables to control of the sugar level in the body, thus increasing usage of pectin by the manufacturers who seek to offer products that can control diabetes in the human body is expected to support the segment growth over the forecast period2021-2026.
Soluble Fiber Segment Analysis – By Application
The Soluble Fiber Market based on Application can be further segmented into Food, Animal Feed, Sports Nutrition & Weight Management, Nutraceuticals, Cosmetics and Others. The functional food segment registers for the highest Soluble Fiber market share in 2020. This is mainly owing to the rising awareness among the consumer for food products with health benefits. Also, the functional food segment is forecasted to register the fastest CAGR of 8.1% over 2021-2026. This is mainly owing to the increased intervention of feed industry, as the consumer around the globe is looking forward to good quality of edible food products for farm animals is also expected to support the demand of soluble dietary fiber through the feed industry.
Soluble Fiber Segment Analysis – By Geography
North America dominated the Soluble Fiber Market with major share of 42.6% in 2020. This is owing to busy lifestyle and hectic work schedule mostly in the U.S. and Canada with the increasing health consciousness coupled with the increasing demand for functional food among people in American countries which continue to drive the market. Apart from this, the increasingly growing health conscious population in the U.S. would largely expand the regional demand. Rising rates of digestive disorders in the U.S. population would also raise demand during the projected period for soluble fibers.
However, Asia Pacific is estimated to outpace all the regions by clocking the highest CAGR of 6.05% during the forecast period 2021-2026, owing to the fact that Asian countries such as Japan, China, India and South Korea are undergoing growth in the sectors such as healthcare, cosmetics and food at a regular basis which has therefore increased the domestic demand of such food itineraries in the region.
Soluble Fiber Market Drivers
Increase In Number Of Health-Conscious Consumers
The Soluble Fiber market driver can be attributed to the increase in the number of health-conscious consumers, which is now resorting to purchasing food products that offer various nutritional and health benefits. In order to meet such demand, food manufacturers are using such functional ingredients in their food products such as soluble fiber, the most common functional ingredients, containing all essential amino acids and nutritional ingredients required by the human body.
Soluble Fiber Market Challenges
High R&D costs
The restraining factor that is to create a negative impact during the forecast period 2021-2026 is the substantial investments required in R&D activities, laboratories, research equipment, and hiring trained professionals. This factor is acting as a major challenge for the growth of the Soluble Fiber Market during the forecast period 2021-2026.
Soluble Fiber Market Landscape
Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Soluble Fiber market. In 2020, Soluble Fiber market share is fragmented by the top ten players present in the market. The Soluble Fiber market top 10 companies are Roquette Frères, Batory Foods, Tate & Lyle, Taiyo International, Shimizu Chemical Corporation, Taiyo Kagaku India Pvt Ltd, TIC Gums, Inc., Shandong Guangming Super Refractory Fiber Co., Ltd, www.nexira.com., Nestlé Health Science, Emsland Group, Vippy Industries Ltd., Archer Daniels Midland Company, FENCHEM, PMV Nutrient Products Pvt Ltd., Fiberstar, Cargill, Incorporated., Wacker Chemie AG, Psyllium Labs LLC, DuPont de Nemours, Inc. and others.
Acquisitions/Product Launches
- In July 2021, Cargill entered the European soluble fiber market with a $45 million investment at its Wroclaw, Poland, facility. The construction of the new production unit has already begun, with full commercialization of the company’s initial offerings expected in the second half of 2022.
Relevant Reports:
Report Code: CMR 0079
Report Code: CMR 0324
For more Food and Beverage Market related reports, please click here
1. Soluble Fiber Market Overview
1.1 Definitions and Scope
2. Soluble Fiber Market Executive Summary
2.1 Market Size and Key Trends
2.2 Key trends by Product Type
2.3 Key trends by Source
2.4 Key trends by Application
2.5 Key trends by Geography
3. Soluble Fiber Market Landscape
3.1 Market Share Analysis- Key Companies
3.2 Product Benchmarking- Key Companies
3.3 Financial Analysis - Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis
4. Soluble Fiber Market - Startup companies Scenario Premium Premium
4.1 Key startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Application Analysis
4.1.4 Venture Capital and Funding Scenario
5. Soluble Fiber Market - Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of successful ventures
6. Soluble Fiber Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Customers
6.3.3 Threat of New Entrants
6.3.4 Rivalry Among Existing Players
6.3.5 Threat of Substitutes
7. Soluble Fiber Market Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Soluble Fiber Market – By Product Type (Market Size -$Million/$Billion)
8.1 Inulin
8.2 Polydextrose
8.3 Pectin and Gums
8.4 Beta-glucan
8.5 Resistant starch
8.6 Wheat Dextrin
8.7 Others
9. Soluble Fiber Market – By Source (Market Size -$Million/$Billion)
9.1 Oats
9.2 Barley
9.3 Chia Seeds
9.4 Legumes
9.5 Others
10. Soluble Fiber Market- By Application (Market Size -$Million/$Billion)
10.1 Bakery
10.2 Beverages
10.3 Cereals
10.4 Dairy Products
10.5 Nutrition and Health supplements
10.6 Others
11. Soluble Fiber Market- By Geography (Market Size -$Million/$Billion)
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 U.K.
11.2.2 Germany
11.2.3 Italy
11.2.4 France
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 Australia
11.3.3 Japan
11.3.4 South Korea
11.3.5 India
11.3.6 Rest of Asia-Pacific
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Others
11.5 Rest of the World
11.5.1 Middle East
11.5.2 Africa
12. Soluble Fiber Market Entropy
13. Soluble Fiber Market- Industry / Segment Competition landscape Premium Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Key companies
13.1.2 Market Share by Region- Key companies
13.1.3 Market Share at Global Level- Key companies
13.1.4 Competition Matrix
13.1.5 Best Practices for Companies
14. Soluble Fiber Market- Key Company List by Country Premium Premium
15. Soluble Fiber Market Company Analysis
15.1 Company Revenue, Products, M&A, Developments
15.2 Company 1
15.3 Company 2
15.4 Company 3
15.5 Company 4
15.6 Company 5
15.7 Company 6
15.8 Company 7
15.9 Company 8
15.10 Company 9
15.11 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
LIST OF FIGURES
1.US Soluble Fiber Volume Analysis 2019 Market Revenue, 2019-2024 ($M)2.Canada Soluble Fiber Volume Analysis 2019 Market Revenue, 2019-2024 ($M)
3.Mexico Soluble Fiber Volume Analysis 2019 Market Revenue, 2019-2024 ($M)
4.Brazil Soluble Fiber Volume Analysis 2019 Market Revenue, 2019-2024 ($M)
5.Argentina Soluble Fiber Volume Analysis 2019 Market Revenue, 2019-2024 ($M)
6.Peru Soluble Fiber Volume Analysis 2019 Market Revenue, 2019-2024 ($M)
7.Colombia Soluble Fiber Volume Analysis 2019 Market Revenue, 2019-2024 ($M)
8.Chile Soluble Fiber Volume Analysis 2019 Market Revenue, 2019-2024 ($M)
9.Rest of South America Soluble Fiber Volume Analysis 2019 Market Revenue, 2019-2024 ($M)
10.UK Soluble Fiber Volume Analysis 2019 Market Revenue, 2019-2024 ($M)
11.Germany Soluble Fiber Volume Analysis 2019 Market Revenue, 2019-2024 ($M)
12.France Soluble Fiber Volume Analysis 2019 Market Revenue, 2019-2024 ($M)
13.Italy Soluble Fiber Volume Analysis 2019 Market Revenue, 2019-2024 ($M)
14.Spain Soluble Fiber Volume Analysis 2019 Market Revenue, 2019-2024 ($M)
15.Rest of Europe Soluble Fiber Volume Analysis 2019 Market Revenue, 2019-2024 ($M)
16.China Soluble Fiber Volume Analysis 2019 Market Revenue, 2019-2024 ($M)
17.India Soluble Fiber Volume Analysis 2019 Market Revenue, 2019-2024 ($M)
18.Japan Soluble Fiber Volume Analysis 2019 Market Revenue, 2019-2024 ($M)
19.South Korea Soluble Fiber Volume Analysis 2019 Market Revenue, 2019-2024 ($M)
20.South Africa Soluble Fiber Volume Analysis 2019 Market Revenue, 2019-2024 ($M)
21.North America Soluble Fiber Volume Analysis 2019 By Application
22.South America Soluble Fiber Volume Analysis 2019 By Application
23.Europe Soluble Fiber Volume Analysis 2019 By Application
24.APAC Soluble Fiber Volume Analysis 2019 By Application
25.MENA Soluble Fiber Volume Analysis 2019 By Application
26.Soluble Fibre Market Competition Landscape, Sales /Revenue, 2015-2018 ($Mn/$Bn)