Soluble Fibers Global Market Report 2024

The global soluble fibers market has grown rapidly in recent years. It will grow from $5.19 billion in 2023 to $5.79 billionin 2024 at a compound annual growth rate (CAGR) of 11.6%. The growth witnessed during the historical period can be attributed to several factors, including the prevailing health and wellness trends, an increase in chronic health conditions prompting dietary changes, the expansion of the beverage industry, regulatory support facilitating health claims related to soluble fibers, and a consumer preference for natural ingredients in food and beverages.

The global soluble fibers market is expected to see rapid growth in the next few years. It will grow to $9.18 billion in 2028 at a compound annual growth rate (CAGR) of 12.2%. Anticipated growth in the forecast period is expected to arise from several factors, including the expansion of applications for soluble fibers in food, global shifts in dietary habits, a rising demand for functional foods incorporating these fibers, advancements in research and development related to soluble fibers, and the ongoing trend favoring clean label and natural ingredients in food products. Key trends projected for this period encompass the integration of soluble fibers in functional drinks, the introduction of innovative flavors utilizing these fibers, an expansion of retail availability and accessibility of products containing soluble fibers, as well as the implementation of health claims and effective marketing strategies to highlight the benefits of these fibers in promoting overall health and wellness.

The escalating prevalence of digestive problems is anticipated to be a driving force behind the growth of the soluble fibers market. Digestive problems, encompassing a range of gastrointestinal disorders affecting the digestive tract, have become increasingly prevalent, leading to symptoms such as bleeding, bloating, constipation or diarrhea, and heartburn. Soluble fiber plays a crucial role in promoting digestion and controlling blood sugar levels by softening stool and preventing constipation. A September 2022 survey by the American Gastroenterological Association revealed that nearly 40% of Americans had to discontinue ordinary activities in the past year due to unpleasant gastrointestinal symptoms. This highlights the significant impact of digestive issues on individuals, thereby contributing to the anticipated growth of the soluble fibers market.

The growing demand for vegan and plant-based diets is poised to be a significant driver of the soluble fiber market in the coming years. Vegan and plant-based diets, characterized by an emphasis on plant-derived foods and a limited or eliminated intake of animal products, have gained popularity for their potential health benefits. Soluble fiber-rich foods, including fruits, vegetables, legumes, and whole grains, play a vital role in enhancing the nutritional profile and overall health of vegan and plant-based diets. As of October 2023, approximately 6% of the American population practiced veganism, with almost one-third expressing a desire to consume more vegan meals. The sales of plant-based meals saw a substantial increase of 27% in 2021, indicating a growing trend toward plant-centric dietary choices. This surge in demand for vegan and plant-based diets is expected to drive the growth of the soluble fiber market.

Product innovation stands out as a key trend gaining traction in the soluble fibers market, with major companies focused on developing new technological solutions to reinforce their market positions. For instance, in October 2021, Cargill, a prominent US-based food corporation, introduced soluble fibers designed to facilitate sugar reduction by up to 30%, as well as calorie reduction and fiber enrichment in various food categories such as ice cream, confectionery, bakery goods, fillings, cereals, and dairy products. Cargill's investment of USD 35 million in Europe reflects its commitment to enhancing its portfolio with soluble fibers, adding to its existing range of starches, sweeteners, and texturizers. This product innovation addresses the evolving consumer demand for healthier food options without compromising on taste, appearance, or texture, contributing to the growth of the soluble fibers market.

Major players in the soluble fibers market are strategically directing investments to broaden their portfolio of starches, sweeteners, and texturizers by incorporating soluble fibers. These strategic investments are aimed at achieving long-term objectives, such as expanding market share, entering new markets, and developing innovative products or services. An illustration of this strategic approach is seen in the case of Cargill Inc., a prominent US-based food corporation, which, in July 2021, announced a significant investment of $45 million (EUR 38 million). This investment marked Cargill's entry into the European soluble fiber business. By introducing soluble fibers to its product portfolio, Cargill aimed to provide comprehensive sugar-reduction solutions to its clients. These innovative options were specifically designed to address the challenges faced by food producers striving to enhance the nutritional profile of their products by reducing calories and sugars.

In June 2022, Tate & Lyle PLC, a UK-based provider of food and beverage ingredients and solutions, executed a strategic move by acquiring Quantum Hi-Tech (Guangdong) Biological Co Ltd for US$237 million. This acquisition served to bolster Tate & Lyle PLC's fortification platform, solidifying its position as a global leader in dietary fibers. Furthermore, the acquisition facilitated an expansion of Tate & Lyle's presence in China and the broader Asian market. Quantum Hi-Tech (Guangdong) Biological Co Ltd specializes in prebiotic and dietary fiber production, along with research and development.

Major companies operating in the soluble fibers market report are Tate & Lyle PLC, DowDuPont, Nexira Biotech Inc., Ingredion Incorporated, Archer Daniels Midland Company, TIC Gums Inc., Taiyo International, Psyllium Labs LLC, Wacker Chemie AG, Cargill Incorporation, Fiberstar Inc., Marshall Ingredients, PMV Nutrient Products Pvt. Ltd., Fenchem, Tereos S.A., Roquette Freres, Kerry Group PLC, The Green Labs LLC, Lonza Group AG, Cosucra Groupe Warcoing SA, Grain Processing Corporation, Matsutani Chemical Industry Co. Ltd., ADM WILD Europe GmbH & Co. KG, Sensus BV, DSM, Beneo, Incorporated Foodstuffs Pvt. Ltd., Glanbia PLC, Hergestellt GmbH, FiberPro Inc.

North America was the largest region in the soluble fibers market share in 2023. The regions covered in the soluble fibers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the soluble fibers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Primary types of soluble fibers include oligosaccharides, resistant starch, resistant maltodextrin, polydextrose, beta-glucan, and various others. These fibers are sourced from a diverse range of fruits, vegetables, and other sources found in farm fields, trees, and greenhouses. They can be consumed directly or utilized as raw materials in various applications. These raw materials encompass fruits and vegetables, cereals and grains, non-plant sources, and other sources. Soluble fibers derived from these materials find applications in functional food and beverage production, animal feed, and pharmaceutical industries.

This report provides soluble fibers market statistics, including soluble fibers industry global market size, regional shares, competitors with a soluble fibers market share, detailed soluble fibers market segments, market trends and opportunities, and any further data you may need to thrive in the soluble fibers industry. This soluble fibers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The soluble fibers market consists of sales of lentils, nuts, oats, pectins, gums, inulin-type fructans and beans. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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