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Soluble Dietary Fibers Market Growth Forecast 2024-2033: What’s the Expected Rate?

The market size of soluble dietary fibers has seen significant growth in the past few years. The market which is estimated to be $3.53 billion in 2023, is projected to expand to $3.85 billion in 2024, with a compound annual growth rate (CAGR) of 9.0%. This dynamic growth in the historical period can be linked to its heightened use in weight control products, increased demand in functional foods and beverages, its integration in gluten-free products, clean label product development, and its functional contributions in food processing.

An upward trend in the soluble dietary fibers market size is anticipated in the approaching years, with projections suggesting a growth to $5.58 billion by 2028, corresponding to a compound annual growth rate (CAGR) of 9.7%. Factors such as increasing popularity of plant-based diets, government-led healthy eating initiatives, incorporation in sports nutrition, sustainable sourcing methods, and emphasis on mental health benefits are contributing to this projected growth. The forecast period will see a surge in trends like technological upgrades in fiber processing, the creation of low-carb products, collaboration between the food industry and research organizations, advancements in extraction technologies, and emphasis on sustainability.

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What Factors Are Impacting the Growth of the soluble dietary fibers Market?

The soluble dietary fibers market is projected to expand due to the increasing prevalence of chronic illnesses. Chronic illnesses are defined as conditions that persist a year or longer and interfere with daily tasks, demand constant medical care, or both. Consuming healthy soluble dietary fibers can promote overall health and prevent various diseases. For instance, a report released by the WHO, a specialized agency of the United Nations based in Switzerland, in September 2022, stated that noncommunicable diseases or chronic diseases, would be responsible for 41 million deaths annually, making up 74% of all global deaths. Every year, chronic diseases claim the lives of 17 million individuals under the age of 70, with low- and middle-income countries suffering 86% of these premature deaths. Consequently, the increased prevalence of chronic diseases is fueling the growth of the soluble dietary fibers market.

Which Key Segments Shape the Soluble Dietary Fibers Market?

The soluble dietary fibers market covered in this report is segmented –

1) By Type: Inulin, Pectin, Beta-Glucan, Polydextrose, Maltrodextrin, Oligofructose, Arabinoxylan-Oligosaccharides (AXOS), Other Types

2) By Source: Fruit and Vegetables, Cereals and Grains, Nuts and Seeds, Other Sources

3) By Application: Functional Foods and Beverages, Pharmaceuticals, Animal Feed, Other Applications

What Trends Are Shaping the New Direction of the Soluble Dietary Fibers Market?

The rising prominence of product innovations is a major trend being observed in the soluble dietary fibers market. To maintain their market standing, leading corporations in this industry are focusing on presenting innovative products. For example, in January 2021, Bellway, an American natural fiber brand, introduced a ‘next generation’ clean label soluble fiber product that is ideally suited for gluten-free, keto, and paleo diets. This soluble fiber, made entirely from organic and natural ingredients, has psyllium as its key component. Psyllium is widely appreciated for its ability to nourish beneficial gut bacteria, thereby promoting improved immunity, better skin health, and a more positive mood.

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Which Regions Are Making a Mark in the Soluble Dietary Fibers Market Growth?

North America was the largest region in the soluble dietary fibers market in 2023. The regions covered in the soluble dietary fibers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Soluble Dietary Fibers Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the soluble dietary fibers market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Soluble Dietary Fibers Market Include

1. Soluble Dietary Fibers Market Executive Summary

2. Soluble Dietary Fibers Market Segments

3. Soluble Dietary Fibers Market Size And Template Market Growth Rate

4. Key Soluble Dietary Fibers Market Trends

5. Major Soluble Dietary Fibers Market Drivers

……

25. Key Mergers And Acquisitions In The Soluble Dietary Fibers Market

26. Top Soluble Dietary Fibers Companies

27. Soluble Dietary Fibers Market Opportunities And Strategies

28. Soluble Dietary Fibers Market, Conclusions And Recommendations

29. Appendix

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