Soluble Fibers Market will exhibit growth at a CAGR of over 16% up to 2024 | Leading Players Nexira, Tate & Lyle, DuPont Nutrition & Health, Ingredion Incorporated

Soluble Fibers Market will surpass USD 5.5 billion and will exhibit growth by a CAGR of over 16% up to 2024. High growth in the global functional food & beverages industry will be the major growth enabler for the soluble fibers 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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Why soluble fibers market has gained mass prominence:
It is indeed rather discernible that soluble fibers possess an amplitude of benefits, on account of which their inclusion in regular diet has been thought of to be extremely healthy. Endowed with the ability to maintain bowel health, aid in weight loss, lower cholesterol levels, and control blood sugar levels, soluble fibers are known to reduce the risk for heart disease, diverticular disease, constipation, and diabetes. In a study conducted by the Harvard University including more than 40,000 male health professionals, it was found that a high dietary fiber intake may be able to lower the risk of coronary heart disease by 40%. A similar study claimed these fibers to reduce the risk of diverticular disease by 40% as well. This has majorly encouraged companies to include soluble fibers in 100% dietary supplements, increasing the scope of soluble fibers market.

With consumers becoming more aware of health-conscious foods, food labels reading ‘whole grain’ and ‘dietary fiber’ have been becoming increasingly commonplace. As per the U.S. Department of Agriculture, dietary fiber information has been the sole food label that witnessed increased use by U.S. consumers in the last couple of decades. Indeed, this validates the mass eminence that soluble fibers industry has been observing currently. In fact, a survey conducted nearly a decade ago by the International Food Information Council Foundation stated that around 52% of consumers preferred to buy products that indicated fiber content. The figure is a 10% rise from that of 2006. Indeed, it is undeniable that soluble fibers market, as on today, has been enjoying a considerably strong position in the nutrition space that what it did several years back.

An insight into North America soluble fibers market trends:
North America indeed, is one of the most remunerative growth avenues for soluble fibers industry. One of the pivotal reasons for the same is the increasing prevalence of constipation and other digestive disorders in the region. A series of surveys in fact, has established that constipation is the most common problem in the United States, with more than 4 million sufferers. Ideally, around 20g to 35g of daily fiber intake is essential for an adult. However, surveys indicate that the average American has only 12g to 17g on a daily basis. The increasing awareness regarding the health impact of fiber-rich foods will thus massively drive U.S. soluble fibers market.

The North American turf, especially the U.S., has witnessed a massive transformation of sorts with regards to dietary choices. While a substantial proportion of the populace, especially the young generation, still reigns in with unhealthy food habits, the last half a decade has observed quite a percentage of the population leaning toward health-conscious meal consumption. This has provided a boost to the regional soluble fibers industry, having prompted food manufacturers to come up with a range of dietary supplements encompassing solely soluble fibers. As soluble fibers have been emerging as a functional food option, North America soluble fibers market in particular, will observe a major rise in terms of revenue and sales. Incidentally, global functional foods market has been forecast to exceed USD 400 billion by 2024, essentially driven by the robust demand for nutrition foods across developed nations such as North America and Europe.

Aided by the ongoing trends of good health and organic diet consumption, soluble fibers market is likely to register a commendable growth rate in the years ahead. The nutrition industry is being plied with a slew of scientific studies on a daily basis that claim the impact of numerous foods on health. Soluble fibers in this regard, seems to have established a marginal certainty regarding their nutritional benefits. While significant research studies are still being conducted in this context, it would be fair enough to state that soluble fibers industry will turn out to be one of the most profitable hotbeds for nutrition magnates in the years to come.

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The key manufacturers in the market include Tate & Lyle, DuPont Nutrition & Health, Nexira, Archer Daniels Midland Company, and Ingredion Incorporated. Other manufacturers include TIC Gums, Inc., Taiyo International, Psyllium Labs LLC, Wacker Chemie AG, Roquette, Cargill, Fiberstar, Inc., Marshall Ingredients, PMV Nutrient Products Pvt Ltd., and Fenchem. Market participants invest in extensive research & development activities to enhance their product performance and rely on new product development programs to increase their portfolio and strengthen their industry positions.

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