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.
Germany Soluble Fibers Market Size, by Application, 2013 – 2024
(USD Million)
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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.
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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