Meticulous Research® has published a report titled “Soluble Dietary Fibers Market by Source (Fruit & Vegetables, Cereals & Grains), Type (Inulin, Pectin, Beta-Glucan, Maltodextrin, Oligofructose), and Application (Pharmaceuticals, Animal Feed) and Geography—Forecast to 2029.” The global soluble dietary fibers market is anticipated to grow at a CAGR of 7.8%, reaching $4.99 billion by 2029.
This growth is driven by increasing health consciousness, rising incidences of chronic diseases, and a growing demand from food, pharma, and feed manufacturers to incorporate soluble dietary fibers into their products. Additionally, government initiatives promoting healthy food are expected to further enhance market growth. Emerging applications for soluble dietary fibers and expanding markets in Southeast Asia, Latin America, and the Middle East & Africa present lucrative opportunities for industry players. However, lengthy regulatory approval processes and high manufacturing costs could pose challenges.
The market is segmented by source, type, application, and geography. The fruit & vegetables segment is projected to command the largest share in 2022, due to the high content of beneficial fibers like inulin and pectin, coupled with rising consumer awareness. The beta-glucan segment is expected to register the highest CAGR, attributed to its versatile applications across various food and beverage products.
The food & beverage segment is expected to hold the largest market share in 2022, driven by increased use of soluble dietary fibers as stabilizers, texturizers, and low-calorie sweeteners, along with a growing demand for sugar-free and low-calorie products.
Regionally, Asia-Pacific is predicted to witness the fastest growth, fueled by rising health awareness and a booming food and beverage industry in countries such as China, India, and Japan.
Key players in the market include Tate & Lyle, DuPont, Nexira, and Roquette Frères.