The soluble dietary fibers market is experiencing high growth, particularly in the Asia-Pacific region. The Asia-Pacific region is projected to be the fastest-growing segment from 2017 to 2022. The growth in this region is attributed to the rapid economic growth, less stringent regulations, and growing population in the region. Growing demand from industries such as food and pharmaceutical has resulted in high demand for soluble dietary fibers in this region. The Asia-Pacific region offers the most attractive growth opportunities for soluble dietary fiber products with its large untapped market, growing food sector, and low production costs.
Market Dynamics:
Drivers:
- Growing Health Consciousness Among Consumers
- Ease of Incorporation has Increased Application Base for Soluble Dietary Fibers
Restraints:
- Inconsistency on Universal Guidelines & High Turnaround Time for Approval From Regional Regulatory Bodies
- High R&D Costs Involved in Manufacturing Soluble Dietary Fibers
Opportunities:
- Rising Consumer Awareness About Value-Added Products
- Emerging Markets: New Growth Frontiers
Challenges:
International and Domestic Food Safety Standards
The soluble dietary fibers market caters to industries such as functional food & beverage, animal feed, and pharmaceutical. Soluble dietary fibers are used in the functional food & beverage industry for various applications such as confectionery products, beverages, and processed foods. The pharmaceuticals segment is projected to grow at the highest CAGR from 2017 to 2022. Increasing awareness about health & nutrition products has a major influence on the rising demand for soluble dietary fibers in the pharmaceuticals sector. The global market is witnessing the development of a wide range of applications of soluble dietary fibers, with a strong base of research for benefits on human health.
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The soluble dietary fibers market, by type, has been segmented into inulin, polydextrose, pectin, and beta-glucan. The pectin segment is projected to grow at the highest CAGR from 2017 to 2022 due to its varied functional properties in various applications. In the food industry, it is extensively used as a gelling substance in the preparation of jams and thickening foods. Pectin is an important ingredient in industrial yogurt, cakes, ketchup, and fruit jellies.
The soluble dietary fibers market, by source, has been segmented into fruits & vegetables, cereals & grains, and nuts & seeds. The fruits & vegetables segment is projected to grow at the highest CAGR from 2017 to 2022 grow due to the easy availability of these sources.
