Soluble Fibers Market Application, Forecast to 2032

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Soluble Fibers Market Size to Cross 5.5 Bn by
2024
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Overview of Soluble Fibers Market

• Soluble Fibers Market size will surpass USD 5.5
  billion by 2024 according to a new research
  report by Global Market Insights Inc.
• High growth in the global functional food
  beverages industry will be the major growth
  enabler for the soluble fibbers market.
  Functional foods provide benefits beyond basic
  nutrition such as improving digestion, burning
  excess fat, etc. Proliferating demand for the
  nutrient-rich functional foods made from soluble
  fibers in the developed countries over
  conventional food products is a result of growing
  awareness in these regions.  The global
  functional foods industry generated revenues
  above USD 250 billion in 2016 and is likely to
  surpass USD 400 billion by 2024, driven by a high
  demand in the developed parts of Western Europe
  and the U.S. owing to higher income levels and
  ability to spend on health nutrition products.
  A rapidly ageing population in European countries
  will also increase demand for soluble fiber based
  functional food products in coming years as they
  provide benefits such as better digestion bowel
  movement, and blood pressure as well as
  cholesterol regulation.

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• Lower level of awareness in the emerging
  economies of Asia Pacific, Middle East Africa,
  and Latin America may be a key hindrance for the
  soluble fibers market development. A high number
  of people living in these developing countries
  are characterized by a medium-high level of
  education and a prevalence of low average income.
  This factor has led to lower awareness about the
  advantages of soluble fibers and a lack of
  ability to spend on nutritional products which
  will hinder the market development during
  forecast years.
• The market has been categorized into soluble
  fibers derived from cereals grains, fruits
  vegetables, other plant parts, and various
  non-food sources. Fruits vegetables are an
  important source of soluble fibers and will
  likely account for more than USD 400 million by
  2024. Bananas, garlic, leeks, onions, etc. are
  widely used for extraction of product types such
  as inulin, oligosaccharides, pectin, etc. 

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• Among the product types, inulin is the largest
  segment which is likely to hold over 30 of the
  global share by 2024. Inulin is extensively used
  in fortified foods and pharmaceutical products
  and their lower costs will aid the market segment
  growth in coming years. Resistant maltodextrins
  are widely used in capsules for drug
  stabilization. This segment is likely to generate
  a revenue of more than to USD 60 million by the
  end of the forecast years.
• Based on application, the soluble fibers industry
  is divided into animal feed, pharmaceuticals, and
  functional foods beverages. Pharmaceuticals
  will be an important application segment for the
  soluble fibers market and is likely to advance by
  a notable rate till 2024. Soluble fiber based
  supplements are becoming increasing popular in
  recent years. Asia Pacific and Europe will be the
  key regions that will drive the product demand
  for pharmaceutical applications.

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• Europe will be a major soluble fibers market
  which is likely to gain by more than 16.6 CAGR
  during forecast years. A high density of ageing
  population coupled with increased demand for
  nutritional food products will propel the
  regional industry development. Asia Pacific will
  witness the most significant growth rate among
  other regions owing to a higher market
  development potential in emerging countries.
• Major soluble fiber manufacturers include Archer
  Daniels Midland Company, DuPont Nutrition
  Health, Tate Lyle, Nexira, INGREDION, Taiyo
  International, TIC Gums, Psyllium Labs, Wacker
  Chemie, Cargill, Roquette, Marshall Ingredients,
  Fiberstar, Fenchem, and PMV Nutrient Products.

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Browse Full Research Report On Soluble Fibers
Market _at_ https//bit.ly/47oTCZk Request for a
sample of this research report _at_
https//bit.ly/47vW8gu
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