Soluble Dietary Fibers Market Projected to Reach USD 85.62 Billion by 2028

Vantage Market Research

Feb 24, 2022

The Soluble Dietary Fibers market is expected to reach USD 85.62 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 9.1% from 2022 to 2028. Soluble fibers are majorly available in peas, apples, oats, citrus fruits, beans, carrots, phylum, and barley. It provides various features such as regulating blood sugar, helping in reducing the chances of heart disease, helping to reduce digestion problems, being important in weight management, and helping to reduce cholesterol. All these benefits are accelerated the high demand of products in the market. In addition, it uses in multiple industries such as foods & beverages, pharmaceuticals, animal feed, and some others due to its health benefits. Due to this reason, it is expected to boost the growth of the market in the coming years.

Key Finding:

  • COVID-19 pandemic was impacted on market like another market. Due to the strict restriction imposed by government authority and complete lockdown impacted on the manufacturing of products.
  • The cereals & grains segment is accounted the significant growth of the market than others in 2021. This surge is attributed to the increasing usage of healthy food by consumers and changing the mentality of consumers to accomplish healthy habits in their daily routine.
  • The food & beverages segment is expected to grow at a considerable CAGR over the forecast period. This is mainly due to the increased awareness about taking dietary fibers and increased demand for functional food.

The major players involved in the development of the market are - ADM; BENEO; Cargill, Lonza; DuPont; Incorporated; Roquette Frères; Ingredion Incorporated; Emsland Group; Puris; The Green Labs LLC; Kerry Inc.; Tate & Lyle; Nexira; Taiyo International; Farbest Brands; and Batory Foods.

Nowadays, various consumers are interested in consuming plant-based products which are rich in fiber & nutrients and provide various health benefits. Thus, there is a large use of by consumers in daily diet which in turn increases the demand for market in the coming years. In addition, increasing the use of dietary supplements across all age groups and increasing disposable income are the factors that influenced the growth of the market during the projected period.

Asia Pacific held the largest share in 2021. This is attributed to the large availability of product manufacturers and increasing demand for fictional & natural food by consumers in this region. In addition, various research and development activities have been carried out in order to provide high nutrient products is also augmenting the growth of the market in this region.