Soluble Fibers Market share to exceed $ 5.5 Bn by
2024: Global Market Insights Inc.
The research report Soluble Fibers Market Size By Raw Material (Fruits &
Vegetables, Cereals & Grains, Other Plant Parts, Non-Plant Sources) By
Product (Inulin, Oligosaccharides [FOS, GOS], Resistant Starch, Resistant
Maltodextrin, Polydextrose, Beta-Glucan) By Application (Functional Foods &
Beverages, Animal Feed, Pharmaceuticals) Industry Analysis Report, Regional
Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast,
2017 – 2024 by Global Market Insights, Inc. says, Global Soluble Fibers Market
size is set to exceed USD 5.5 Billion by 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.
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.
According to raw materials, 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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