Global soluble dietary fibers market is expected to reach USD 3,404.0 million by 2023, at a CAGR of 12.6% during the forecast period of 2018 to 2023.
According to this latest publication from Meticulous Research®, the global soluble dietary fibers market will grow at a CAGR of 12.6% from 2018 to 2023 to reach USD 3,404.0 million by 2023, driven by growing health consciousness among consumers and awareness about health benefits of soluble dietary fibers; rise in incidence of chronic diseases; increasing demand from pharma, food, and feed manufactures to incorporate soluble dietary fibers into their products; and increasing support from governments to promote healthy food across the globe. In addition, emerging applications of soluble dietary fibers and emerging markets such as Southeast Asia, Latin America, and Middle East & Africa further provides significant opportunities for the various stakeholders in the global soluble dietary fibers market. However, changes in definition and stringent regulations for soluble dietary fibers hinder the growth of this market to some extent.
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Succeeding an extensive secondary and primary research on the global soluble dietary fibers market and an in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, and opportunities in this market. Increasing utilization of soluble dietary fibers and growing demand from functional food & beverages and pharmaceuticals industries are the major factors driving the soluble dietary fibers market in many countries across the globe. Further, factors such as growing health consciousness among consumers and awareness about health benefits of soluble dietary fibers; rise in incidence of chronic diseases; and increasing demand from pharma, food, and feed manufactures to incorporate soluble dietary fibers into their products, have propelled the utilization of soluble dietary fibers as a source of nutritional ingredient into various products. Moreover, emerging applications of soluble dietary fibers and emerging markets such as Southeast Asia, Latin America, and Middle East & Africa provides significant opportunities for the various stakeholders in the global soluble dietary fibers market. However, stringent regulations and international quality standards for soluble dietary fibers hinder the growth of this market to some extent.
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The report also includes the competitive landscape based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 3 years (2014-2017). The key players operating in the global soluble dietary fibers market are Tate and Lyle Plc. (U.K.), E.I. Dupont De Nemours and Company (U.S.), Nexira Inc. (France), Roquette Freres Le Romarin (France), Cosucra Groupe Warcoing SA (Belgium), Futureceuticals Inc. (U.S.), Sensus B.V. (A Part of Royal Cosun Group) (the Netherlands), Beneo GmbH (A Part of Südzucker Group) (Germany), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), Herbafood Ingredients GmbH (Germany), Cargill, Incorporated (U.S.), Lonza Group AG (Switzerland), Kerry Group Plc. (Ireland), Tereos S.A. (France), and Frutarom Industries Ltd. (Israel).
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