The Soluble Fibers Global Market Report 2023, provides comprehensive information on the soluble fibers market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Soluble Fibers Global Market Report 2023, the global soluble fibers market size is expected to grow from $4.67 billion in 2022 to $5.21 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the soluble fibers market is expected to reach $7.97 billion in 2027 at a CAGR of 11.1%.
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Product innovations are a key trend gaining popularity in the soluble fibers market. Major companies operating in the soluble fibers market are focused on developing new technological solutions to strengthen their position. For instance, in October 2021, Cargill, a US-based food corporation, launched soluble fibers. Cargill’s new soluble fibers will enable sugar reduction up to 30% as well as the calorie reduction and fiber enrichment in ice cream, as well as confectionery, bakery goods, fillings, cereals, and dairy, whilst maintaining desired appearance, taste and texture. Cargill is investing USD35m in Europe to add the soluble fibers to its current broad portfolio of starches, sweeteners and texturizers.
The soluble fibers market is segmented:
1) By Type: Oligosaccharides, Resistant Starch, Resistant Maltodextrin, Polydextrose, Beta-Glucan, Other Types
2) By Raw Material: Fruits and Vegetables, Cereals and Grains, Non-Plant Sources, Other Plant Parts
3) By Application: Functional Food and Beverage, Animal Feed, Pharmaceuticals
North America was the largest region in the soluble fibers market in 2022.
The table of contents in TBRC’s soluble fibers market report includes:
1. Executive Summary
2. Soluble Fibers Market Characteristics
3. Soluble Fibers Market Trends And Strategies
4. Soluble Fibers Market – Macro Economic Scenario
5. Soluble Fibers Market Size And Growth
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26. Africa Soluble Fibers Market
27. Soluble Fibers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Soluble Fibers Market
29. Soluble Fibers Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- Tate & Lyle PLC
- DowDuPont
- Nexira Inc.
- Ingredion Incorporated
- Archer Daniels Midland Company
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