[130 Pages Report] The soluble dietary fibers market was valued at USD 1.52 billion in 2016. It is projected to grow at a CAGR of 13.4% from 2017, to reach USD 3.23 billion by 2022. The objectives of the study are to define, segment, and measure the size of the market with respect to type, application, source, and region.
The years and periodization considered for the study are as follows:
This report includes estimations of the market size in terms of value (USD million). Both, top-down and bottom-up approaches have been used to estimate and validate the size of the global soluble dietary fibers market and to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research; some of the sources are press releases, annual reports, and financial journals, and paid databases such as Factiva and Bloomberg. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. The figure below shows the breakdown of profiles of industry experts that participated in the primary discussions.
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The various contributors involved in the value chain of soluble dietary fibers market include manufacturers, suppliers, distributors, importers, and exporters. The key players in this market include Cargill (US), Ingredion Incorporated (US), Archer Daniels Midland Company (US), DowDuPont (US), Südzucker AG (Germany), Kerry Group plc (Ireland), Tate & Lyle PLC (UK), Frutarom Industries Ltd. (Israel), Royal Cosun U.A. (Netherlands), Nexira (France), Tereos (France), and Roquette Frčres S.A. (France).
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Soluble dietary fibers are polysaccharides that function as prebiotic agents and regulate the balance of the gut microflora. These dietary fibers have hypocholesterolemic properties, which help in reducing and controlling the cholesterol and glucose levels in the blood. These fibers are predominantly found and extracted from fruits & vegetables, nuts, and cereals, such as oats.
The global soluble dietary fibers market is projected to reach USD 3,231.0 million by 2022, at a CAGR of 13.4% from 2017. The growth of the market is driven by an increasing number of health-conscious consumers, and ease of incorporation in production has increased its application base. Other key drivers include changing lifestyle, higher disposable income, and increasing demand for fiber supplements.
Substantial investments in the R&D activities, laboratories, research equipment, and hiring trained professionals have inhibited the growth of the soluble dietary fibers market. Key companies, such as Cargill (U.S.), E.I. du Pont de Nemours and Company (U.S.), Ingredion Incorporation (U.S.), and Royal Cosun U.A. (Netherlands) are focusing on building a strong R&D base to gain a competitive advantage, which is difficult for the small players and new entrants. It is observed that, in 2016, some of the leading food & beverage manufacturers invested 1%–3% of their revenue in R&D activities. For instance, Cargill has set up Cargill ONE innovation center in China, which focuses on producing innovative products to cater to the changing demands of Chinese customers in December 2016. Also, DuPont Nutrition & Health expanded its R&D facilities by setting up an innovation application center in India in March 2015.
Price, quality, convenience, year-round availability, high shelf life, variety, nutritional concerns, safety, and hygiene are encouraging customers to spend on health & nutrition products. Consumers want time-saving and hassle-free products that are nutritious and healthy, owing to which there is a huge scope for value-added products. As the value-added products complement well with functional food, they witness significant demand among the younger and middle-aged population. Dietary fiber products offer these health-enriching and nutrition-dense properties, due to which the demand for these products continues to remain high. Soluble dietary fibers market is expected to grow at a significant pace due to the increasing number of research studies about new applications, thereby helping manufacturers to develop new value-added products specific to the requirements of various sectors. Furthermore, the nutrition-dense properties of soluble dietary fibers and their ready availability make them ideal for food, feed, and dietary applications. Due to these factors, the value-added nutrition products have huge market potential for these fibers.
Functional food can be described as food or ingredients that may provide health benefits and prevent diseases. Soluble dietary fibers are considered as functional foods due to the health benefits provided by them. Fiber ingredients are increasingly used to provide excellent dissolution and taste characteristics and they also blend easily with a variety of functional food & beverages. Commercially, health-promoting soluble fibers are being manufactured from a variety of sources. For instance, Frutarom Industries Ltd. (Israel) has developed galactomannan fiber from fenugreek seeds as a functional food product, which provides multiple benefits, such as balancing blood sugar levels, weight management, and prevention of indigestion. Consumption of functional food & beverages by health-conscious consumers is increasing the demand for soluble dietary fibers.
Soluble dietary fibers are increasingly being manufactured in the feed industry, owing to its health-promoting properties, such as regulation of intestinal immunity, lowering the number of pathogenic bacteria, and balancing of intestinal microflora. Commercially, highly soluble dietary fiber is available as feed in two forms, namely, powder and liquid. These products are a rich source of fiber and energy for animals and help in maintaining optimum health and performance. As the consumption of the feed-soluble fiber-enriched food to animals aids in the growth of useful bacteria in their large intestines, the demand for these fibers continues to remain high in the global market.
Increasing awareness about health and nutrition-dense products has a driven the demand for soluble dietary fibers in the pharmaceuticals sector. The global soluble dietary fibers market is witnessing the development of a wide range of applications of soluble dietary fibers on account of the strong research base to benefit the human health. Soluble dietary fibers are available in the form of supplements and nutraceuticals in the market. The main consumers of these supplements include the obese, cardiac, and diabetic patients.
Other applications of soluble dietary fibers include bakery, confectionery, processed foods, and personal care products. Commercially, soluble fiber is increasingly incorporated in the bakery and processed foods, such as fiber-enriched bread and biscuits to enhance both, nutritional and functional benefits. Soluble fibers, when used in confectionery products, such as jellies and candies, provide the products with a stable structure and chewy texture.
The soluble dietary fibers market is projected to grow at a CAGR of 13.4% from 2017, to reach a projected value of USD 3.23 billion by 2022. The growth of this market can be attributed to the growth of convenience food sector, favorable functional properties of soluble dietary fibers, and the growth in usage and applications of soluble dietary fibers in the functional foods & beverages industry. Further, increase in R&D activities on various types of soluble dietary fibers such as inulin, beta glucan, and pectin has increased the overall product offering range as well.
The soluble dietary fibers market is governed by different regulatory bodies, which vary regionally. Thus, the inconsistency on universal guidelines and high turnaround time for approval from regional regulatory bodies act as restraints for the market.
The inulin segment, on the basis of type, accounted for the largest market share in 2016, due to its multiple health benefits. Inulin is extensively used as a food additive to enhance flavor and acts as a replacer of fats & sugar in various food applications such as bakery, frozen dairy desserts, and confectionery products. The fruits & vegetables segment, on the basis of source, accounted for the largest market share in 2016, owing to its higher soluble dietary fiber content in a wide variety of fruits & vegetables.
Extensive sources for soluble dietary fiber, ranging from fruits & vegetables, cereal grains to seeds are available for human and animal consumption. Among them, fruits & vegetables dominated the soluble dietary fibers market. Soluble dietary fiber such as inulin and fructooligosaccharide (FOS) found in some vegetables helps in maintaining the function of the intestines. Fruits such as apples and pears have a high content of the soluble dietary fiber, pectin. Thus, due to the various health benefits of soluble dietary fiber drives the demand.
The application of soluble dietary fibers is estimated to be the largest in the functional foods & beverages sector due to the growing application of soluble dietary fibers to obtain varied functional properties in food products such as confectioneries, beverages, and processed foods.
North America accounted for the largest market share in 2016, due to the increase in consumer demand for healthy fibrous food. Asia-Pacific is projected to be the fastest-growing region from 2017 to 2022, due to its large untapped market, growing food sector, and low production costs. The food & beverage market in the Asia-Pacific region is currently undergoing a dramatic transformation in response to rapid urbanization, diet diversification, and the liberalization of foreign direct investment in the food sector.
North America and Europe are estimated to be the dominant regions in the soluble dietary fibers market. The factors that influence the growth in these regions include high demand for functional food & beverage products, the presence of major players in these regions, and awareness about the benefits of using soluble dietary fibers. The market growth in developing countries is expected to be primarily driven by the changes in consumption patterns, public nutritional health & wellbeing measures, use of new sources for manufacturing soluble fiber, easy availability of raw materials, and product innovations.
The market is dominated by key players such as include Cargill (US), Ingredion Incorporated (US), Archer Daniels Midland Company (US), DowDuPont (US), and Südzucker AG (Germany). Other players include Kerry Group plc (Ireland), Tate & Lyle PLC (UK), Frutarom Industries Ltd. (Israel), Royal Cosun U.A. (Netherlands), Nexira (France), Tereos (France), and Roquette Frčres S.A. (France). The key players have adopted strategic developments such as new product launches, acquisitions, joint ventures, expansions, partnerships, and agreements in order to explore the market in new geographies.
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Table of Contents
1 Introduction (Page No. - 13)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Periodization Considered
1.4 Currency
1.5 Unit
1.6 Stakeholders
2 Research Methodology (Page No. - 16)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Market Breakdown & Data Triangulation
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 Executive Summary (Page No. - 23)
4 Premium Insights (Page No. - 28)
4.1 Attractive Opportunities in this Market
4.2 Inulin: Leading Type Segment of Soluble Dietary Fibers
4.3 Asia-Pacific: Fastest-Growing Market
4.4 Soluble Dietary Fibers Market, By Country
4.5 Life Cycle Analysis, By Region
5 Market Overview (Page No. - 32)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Health Consciousness Among Consumers
5.2.1.2 Ease of Incorporation has Increased Application Base for Soluble Dietary Fibers
5.2.2 Restraints
5.2.2.1 Inconsistency on Universal Guidelines & High Turnaround Time for Approval From Regional Regulatory Bodies
5.2.2.2 High R&D Costs Involved in Manufacturing Soluble Dietary Fibers
5.2.3 Opportunities
5.2.3.1 Rising Consumer Awareness About Value-Added Products
5.2.3.2 Emerging Markets: New Growth Frontiers
5.2.4 Challenges
5.2.4.1 International and Domestic Food Safety Standards
5.3 Value Chain
6 Soluble Dietary Fibers Market, By Type (Page No. - 37)
6.1 Introduction
6.2 Inulin
6.3 Pectin
6.4 Polydextrose
6.5 Beta-Glucan
6.6 Others
7 Soluble Dietary Fibers Market, By Source (Page No. - 42)
7.1 Introduction
7.2 Cereals & Grains
7.2.1 Oats
7.2.2 Barley
7.3 Nuts & Seeds
7.4 Fruits & Vegetables
7.4.1 Apple
7.4.2 Banana
7.4.3 Grapefruit & Pear
7.4.4 Carrot & Potato
7.4.5 Legumes
8 Soluble Dietary Fibers Market, By Application (Page No. - 47)
8.1 Introduction
8.2 Functional Food & Beverages
8.3 Animal Feed
8.4 Pharmaceuticals
8.5 Other Applications
9 Soluble Dietary Fibers Market, By Region (Page No. - 52)
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 France
9.3.2 Germany
9.3.3 U.K.
9.3.4 Rest of Europe
9.4 Asia-Pacific
9.4.1 Japan
9.4.2 Australia
9.4.3 China
9.4.4 India
9.4.5 Rest of Asia-Pacific
9.5 Rest of the World (RoW)
9.5.1 Brazil
9.5.2 Others in RoW
10 Competitive Landscape (Page No. - 83)
10.1 Introduction
10.2 Vendor Dive Overview
10.2.1 Vanguard
10.2.2 Innovator
10.2.3 Dynamic
10.2.4 Emerging
10.3 Competitive Benchmarking
10.3.1 Product Offering Scorecard (For All 25 Companies)
10.3.2 Business Strategy Scorecard (For All 25 Companies)
*Top 25 Companies Analyzed for This Study are – Cargill (U.S.), Archer Daniels Midland (U.S.), E.I. Du Pont De Nemours and Company (U.S.), Südzucker AG (Germany), Ingredion Incorporated (U.S.), Roquette Frčres S.A.(France), Tate & Lyle PLC (U.K.), Kerry Group PLC (Ireland), Tereos (France), Royal Cosun U.A.(Netherlands), Frutarom Industries Ltd. (Israel), Nexira (France), Pmv Nutrients Products Pvt. Ltd. (India), Cj Cheiljedang (South Korea), Fuji Nihon Seito Corporation (Japan), Cosucra Groupe Warcoing S.A. (Belgium), the Tierra Group (U.S.), Novagreen Inc. (Canada), Mengzhou Tailijie Co. Ltd. (China), Baolingbao Biology Co. Ltd. (China), Nutricia Advanced Medical Nutrition (U.S.), Fiberstar Inc. (U.S.), Naturex (France), Best Ground International S.A. De C.V. (Mexico), Unipektin Ingredients AG (Switzerland)
11 Company Profiles (Page No. - 88)
(Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View)*
11.1 Cargill
11.2 Archer Daniels Midland Company
11.3 E. I. Du Pont De Nemours and Company
11.4 Südzucker AG Company
11.5 Ingredion Incorporated
11.6 Roquette Frčres S.A.
11.7 Tate & Lyle PLC
11.8 Frutarom Industries Ltd
11.9 Royal Cosun U.A.
11.10 Nexira
11.11 Kerry Group PLC
11.12 Tereos
*Details on Business Overview, Products Offered & Services Strategies, Key Insights, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 124)
12.1 Discussion Guide
12.2 Key Industry Insights
12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Author Details
List of Tables (61 Tables)
Table 1 Soluble Dietary Fibers Market Size, By Type, 2015-2022 (USD Million)
Table 2 Inulin Market Size, By Region, 2015-2022 (USD Million)
Table 3 Pectin Market Size, By Region, 2015-2022 (USD Million)
Table 4 Polydextrose Market Size, By Region, 2015-2022 (USD Million)
Table 5 Beta-Glucan Market Size, By Region, 2015-2022 (USD Million)
Table 6 Other Types Market Size, By Region, 2015-2022 (USD Million)
Table 7 Soluble Dietary Fibers Market Size, By Source, 2015-2022 (USD Million)
Table 8 Cereals & Grains Market Size, By Region, 2015-2022 (USD Million)
Table 9 Nuts & Seeds Market Size, By Region, 2015-2022 (USD Million)
Table 10 Fruits & Vegetables Market Size, By Region, 2015-2022 (USD Million)
Table 11 Market Size, By Application, 2015–2022 (USD Million)
Table 12 Soluble Dietary Fibers Market Size in Functional Food & Beverages, By Region, 2015–2022 (USD Million)
Table 13 Market Size in Animal Feed, By Region, 2015–2022 (USD Million)
Table 14 Market Size in Pharmaceuticals, By Region, 2015–2022 (USD Million)
Table 15 Market Size in Other Applications, By Region, 2015–2022 (USD Million)
Table 16 Soluble Dietary Fibers Market Size, By Region, 2015–2022 (USD Million)
Table 17 Market Size, By Region, 2015–2022 (KT)
Table 18 North America: Market Size, By Country, 2015–2022 (USD Million)
Table 19 North America: Soluble Dietary Fibers Market Size, By Source, 2015–2022 (USD Million)
Table 20 North America: Market Size, By Application, 2015–2022 (USD Million)
Table 21 North America: Market Size, By Type, 2015–2022 (USD Million)
Table 22 U.S.: Market Size, By Source, 2015–2022 (USD Million)
Table 23 U.S.: Market Size, By Application, 2015–2022 (USD Million)
Table 24 Canada: Market Size, By Source, 2015–2022 (USD Million)
Table 25 Canada: Market Size, By Application, 2015–2022 (USD Million)
Table 26 Mexico: Market Size, By Source, 2015–2022 (USD Million)
Table 27 Mexico: Market Size, By Application, 2015–2022 (USD Million)
Table 28 Europe: Soluble Dietary Fibers Market Size, By Country, 2015–2022 (USD Million)
Table 29 Europe: Market Size, By Source, 2015–2022 (USD Million)
Table 30 Europe: Market Size, By Application, 2015–2022 (USD Million)
Table 31 Europe: Market Size, By Type, 2015–2022 (USD Million)
Table 32 France: Market Size, By Source, 2015–2022 (USD Million)
Table 33 France: Market Size, By Application, 2015–2022 (USD Million)
Table 34 Germany: Soluble Dietary Fibers Market Size, By Source, 2015–2022 (USD Million)
Table 35 Germany: Market Size, By Application, 2015–2022 (USD Million)
Table 36 U.K.: Market Size, By Source, 2015–2022 (USD Million)
Table 37 U.K.: Market Size, By Application, 2015–2022 (USD Million)
Table 38 Rest of Europe: Market Size, By Source, 2015–2022 (USD Million)
Table 39 Rest of Europe: Market Size, By Application, 2015–2022 (USD Million)
Table 40 Asia-Pacific: Soluble Dietary Fibers Market Size, By Country, 2015–2022 (USD Million)
Table 41 Asia-Pacific: Market Size, By Source, 2015–2022 (USD Million)
Table 42 Asia-Pacific: Market Size, By Application, 2015–2022 (USD Million)
Table 43 Asia-Pacific: Market Size, By Type, 2015–2022 (USD Million)
Table 44 Japan: Market Size, By Source, 2015–2022 (USD Million)
Table 45 Japan: Market Size, By Application, 2015–2022 (USD Million)
Table 46 Australia: Market Size, By Source, 2015–2022 (USD Million)
Table 47 Australia: Market Size, By Application, 2015–2022 (USD Million)
Table 48 China: Market Size, By Source, 2015–2022 (USD Million)
Table 49 China: Market Size, By Application, 2015–2022 (USD Million)
Table 50 India: Market Size, By Source, 2015–2022 (USD Million)
Table 51 India: Market Size, By Application, 2015–2022 (USD Million)
Table 52 Rest of Asia-Pacific: Soluble Dietary Fibers Market Size, By Source, 2015–2022 (USD Million)
Table 53 Rest of Asia-Pacific: Market Size, By Application, 2015–2022 (USD Million)
Table 54 RoW: Market Size, By Country, 2015–2022 (USD Million)
Table 55 RoW: Market Size, By Source, 2015–2022 (USD Million)
Table 56 RoW: Market Size, By Application, 2015–2022 (USD Million)
Table 57 RoW: Market Size, By Type, 2015–2022 (USD Million)
Table 58 Brazil: Market Size, By Source, 2015–2022 (USD Million)
Table 59 Brazil: Market Size, By Application, 2015–2022 (USD Million)
Table 60 Others in RoW: Market Size, By Source, 2015–2022 (USD Million)
Table 61 Others in RoW: Soluble Dietary Fibers Market Size, By Application, 2015–2022 (USD Million)
List of Figures (36 Figures)
Figure 1 Market Segmentation
Figure 2 Regional Scope
Figure 3 Soluble Dietary Fibers Market: Research Design
Figure 4 Market: Breakdown of Primary Interviews
Figure 5 Soluble Dietary Fibers Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Data Triangulation Methodology
Figure 8 North America Dominated the Soluble Dietary Fibers Market in 2016
Figure 9 Asia-Pacific to Grow at the Highest Rate During the Forecast Period
Figure 10 Increased Demand for Functional Food & Beverage Products to Drive the Market for Soluble Dietary Fibers
Figure 11 Soluble Dietary Fibers Market Snapshot, By Source, 2017 vs 2022 (USD Million)
Figure 12 Inulin to Capture the Largest Share in the Soluble Dietary Fibers Market
Figure 13 Emerging Markets With Promising Growth Potential, 2017–2022
Figure 14 Inulin Was the Leading Type of Soluble Dietary Fiber Across Regions in 2016
Figure 15 Functional Food & Beverages Segment Accounted for Largest Share in the Asia-Pacific Market, 2016 (USD Million)
Figure 16 China to Grow at the Highest CAGR in the Market, 2017–2022
Figure 17 Soluble Dietary Fibers Market is Projected to Experience Strong Growth in the Asia-Pacific Region
Figure 18 Soluble Dietary Fibers: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Value Chain Analysis of the Market (2016): A Major Contribution is Witnessed From Processing
Figure 20 Geographic Snapshot (2017–2022): Rapidly Growing Markets are Emerging as New Hotspots
Figure 21 U.S. Recorded the Largest Market for Soluble Dietary Fibers in North America
Figure 22 France Was the Largest Market for Soluble Dietary Fibers in Europe in 2016
Figure 23 Japan Dominated the Market for Soluble Dietary Fibers in the Asia-Pacific Region in 2016
Figure 24 Dive Chart
Figure 25 Dive Vendor Comparison: Criteria Weightage
Figure 26 Cargill: Company Snapshot
Figure 27 Archer Daniels Midland Company: Company Snapshot
Figure 28 Dupont: Company Snapshot
Figure 29 Südzucker AG Company: Company Snapshot
Figure 30 Ingredion Incorporated: Company Snapshot
Figure 31 Roquette Frčres S.A.: Company Snapshot
Figure 32 Tate & Lyle PLC: Company Snapshot
Figure 33 Frutarom Industries Ltd: Company Snapshot
Figure 34 Royal Cosun U.A.: Company Snapshot
Figure 35 Kerry Group PLC: Company Snapshot
Figure 36 Tereos: Company Snapshot
Benchmarking the rapid strategy shifts of the Top 100 companies in the Soluble Dietary Fibers Market
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Growth opportunities and latent adjacency in Soluble Dietary Fibers Market