Industry Background:
Soluble dietary fibers are present in minor quantities in almost each and every commodity and in an amalgamation with insoluble dietary fiber contribute towards total dietary fiber. The valuable properties of soluble dietary fibers have been related to their significant role in human physiological function. Reductions in cholesterol level and blood pressure, inhibition of gastrointestinal problems, protection against onset of several cancers, which contain colorectal, prostate, and breast cancer, increased mineral bioavailability, and many more are the salient features of their potential.According to AMA, the market for Solubility Dietary Fiber is expected to register a CAGR of 12.7% during the forecast period to 2024. This growth is primarily driven by Increasing Health Consciousness among Consumers and Ease of Incorporation has Augmented Application Base for Soluble Dietary Fibers.
Globally, a noticeable market trend is evident Growing Applications of the Product in the Food and Beverage Sector
. Major Vendors, such as Cargill Incorporated (United States), Archer Daniels Midland Company (United States), E. I. Du Pont De Nemours (United States), Sudzucker AG Company (Germany), Ingredion Incorporated (United States), Roquette Frères S.A. (France), Tate & Lyle PLC (United Kingdom), Frutarom Industries Ltd (Israel), Nexira (France) and Kerry Group PLC (Ireland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 14th March 2019 - Tate & Lyle PLC (Tate & Lyle), a leading global food and beverage ingredient and solutions provider has collaborated with APC Microbiome Ireland, a Science Foundation Institute (SFI) Research Centre for a research project on the health effects of dietary fibres.
Regulatory Insights:
In May 2016, the FDA published two final rule changes to CFR 21 Part 101. These relate to nutrition facts labeling and official serving sizes. (1) When food is in package form, the required nutrition labeling information shall appear on the label in the format specified in this section. (2) When food is not in package form, the required nutrition labeling information shall be displayed clearly at the point of purchase (e.g., on a counter card, sign, tag affixed to the product, or some other appropriate device). Alternatively, the required information may be placed in a booklet, looseleaf binder, or another appropriate format that is available at the point of purchase.
Market Drivers
- Increasing Health Consciousness among Consumers
- Ease of Incorporation has Augmented Application Base for Soluble Dietary Fibers
Market Trend
- Growing Applications of the Product in the Food and Beverage Sector
- Rising Demand Due To Changing Lifestyle and Higher Disposable Income
Restraints
- Lengthy Approval Process from Regional Regulatory Bodies
- High R&D Expenses Involved in Manufacturing Soluble Dietary Fibers
Opportunities
Increasing Consumer Awareness about Value-Added Products
Challenges
Domestic and International Food Safety Standards
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