The Soluble Dietary Fibers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Soluble Dietary Fibers Global Market Report 2024, The soluble dietary fibers market size has grown strongly in recent years. It will grow from $3.53 billion in 2023 to $3.85 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to increased application in weight management products, rising demand in functional foods and beverages, incorporation in gluten-free products, development of clean label products, functional properties in food processing..
The soluble dietary fibers market size is expected to see strong growth in the next few years. It will grow to $5.58 billion in 2028 at a compound annual growth rate (CAGR) of 9.7%. The growth in the forecast period can be attributed to rise in plant-based diets, government initiatives for healthy eating, integration in sports nutrition, sustainable sourcing practices, focus on mental health benefits.. Major trends in the forecast period include technological innovations in fiber processing, development of low-carb products, collaboration between food industry and research, improved extraction technologies, sustainability considerations..
The rising incidences of chronic diseases are expected to propel the growth of the soluble dietary fibers market. Chronic diseases are ailments that last for a year or longer, impede everyday activities, require continuing medical care, or both. Healthy soluble dietary fibers aid people in living a healthy life and prevent from diseases. For instance, in September 2022, according to a report shared by the WHO, a Switzerland-based specialized agency of the United Nations, noncommunicable diseases (NCDs), also known as chronic diseases, will account for 41 million annual fatalities, or 74% of all fatalities worldwide. Every year, 17 million people under 70 pass away from chronic diseases; 86% of these untimely deaths occur in low- and middle-income nations. Therefore, the rise in the incidence of chronic diseases is driving the soluble dietary fibers market’s growth.
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The soluble dietary fibers market covered in this report is segmented –
1) By Type: Inulin, Pectin, Beta-Glucan, Polydextrose, Maltrodextrin, Oligofructose, Arabinoxylan-Oligosaccharides (AXOS), Other Types
2) By Source: Fruit and Vegetables, Cereals and Grains, Nuts and Seeds, Other Sources
3) By Application: Functional Foods and Beverages, Pharmaceuticals, Animal Feed, Other Applications
Product innovations have emerged as a key trend gaining popularity in the soluble dietary fibers market. Major companies operating in the soluble dietary fibers market are focused on innovating products to sustain their position in the market. For instance, in January 2021, Bellway, a US-based natural fiber brand, launched clean label soluble fiber of the ‘next generation’ that is excellent for gluten-free, keto, and paleo diets. This soluble fiber is made from all-natural and organic ingredients. The major component of the soluble fiber is psyllium, which is praised for its capacity to feed good bacteria in the gut, supporting increased immunity, clearer skin, and a happier disposition.
The soluble dietary fibers market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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