US Soluble Dietary Fiber Market

Part
01
of five
Part
01

US Soluble Dietary Fiber Market: Market Size

In 2017, the market size for the soluble dietary fiber market for North America and the US, by proxy, was about $375 million, and $409 million in 2018. It is expected to reach about $822 million in 2026. Globally, the soluble fibers market is estimated to grow between 9.1% and 16% CAGR between 2016 and 2026.

METHODOLOGY

We began our research by searching through market research websites for reports on the US market size for soluble dietary fiber. Although we found some information on the soluble dietary fiber market, the available reports, which are paywalled, were focused on the global market for soluble dietary fiber, with no specific insights into the US market. There was, however, some insight into the North American market, as a whole. For want of US-specific information, we opted to use the North American market as a proxy for the US market for soluble dietary fiber. Note that while the reports read "Soluble Fiber Market" rather than "Soluble Dietary Fiber Market", as referred to in the criteria for this research, their uses, as described in the reports, were for dietary purposes.

US MARKET SIZE BY PROXY

According to the reports, in 2016, North America represented a fourth of the global soluble fiber market, which was worth over $1.5 billion. Also, in 2017, the global market size for soluble fiber was estimated at $1.5 billion. It has also been projected that by 2026, the global soluble fiber market will be worth approximately $3.29 billion. Based on this information we made the following calculations.

  • In both 2016 and 2017, the market size for North America and the US, by proxy, was $1,500,000,000 * 0.25 = $375,000,000
  • Using a reverse CAGR calculator, we estimated the size of the global soluble fiber market in 2018 to be $1,636,500,000. Therefore, in 2018, the market size for North America and the US, by proxy, was $1,636,500,000 * 0.25 = $409,125,000.
  • By 2026, the market size for North America and the US, by proxy, is estimated to be $3,288,360,000 * 0.25 = $822,090,000

ADDITIONAL INFORMATION

NOTABLE PORTIONS OF THE MARKET:

  • In 2016, the oligosaccharides segment accounted for one-fourth of the overall market.
  • Between 2017 and 2026, inulin, which is often used in prepared foods and pharmaceutical products, holds a sizable share of the market.

KEY MANUFACTURERS:

The key manufacturers in the market include Tate & Lyle, Archer Daniels Midland Company, DuPont Nutrition & Health, Nexira, and INGREDION. Others include TIC Gums, Inc., Psyllium Labs LLC, Taiyo International, Wacker Chemie AG, Roquette, Fiberstar, Inc., Marshall Ingredients, Cargill, PMV Nutrient Products Pvt Ltd., and Fenchem.

COMPOUND ANNUAL GROWTH RATE (CAGR):

  • According to Global Market Insights, the CAGR of the global soluble fiber market from 2016 to 2024 is 16%.
  • According to ResearchAndMarkets.com, the CAGR of the global soluble fiber market from 2017 to 2026 is 9.1%.

MARKET DRIVERS:

The market growth is driven by increased awareness of the benefits of fiber in North America and Europe. Growth is also due to an increase in constipation (which affects over 4 million people in the US), as well as other digestive diseases, and growth in the functional foods industry. According to the Global Market Insights report, food and beverage manufacturers are adding more soluble fibers to their products.

Growth in the soluble fiber market can, however, be hindered by over-consumption of fiber which may cause stomach issues such as diarrhea, as well as the animal feed segment which is growing steadily.

Part
02
of five
Part
02

US Soluble Dietary Fiber Market: Market Growth

In this study, we found that the current value of the soluble dietary fiber market is about $2.21 billion in 2019. The 13.4% CAGR in the past six years (from 2017) means that the market is expected to grow by 13.4% yearly. Below is a detailed explanation of our methodology and findings.

METHODOLOGY

We initially started the research by calculating the growth rate of the U.S. soluble dietary fiber market through a reverse CAGR calculator. , we entered the required values that we have found from MarketsandMarkets: $1.52 billion market value in 2016; and 13.4% expected CAGR in 2017. For the number of periods, we entered the number of year/s between the starting value and the year that we wanted to compute the growth for. In this case, it would be “1” for 2016 to 2017, “2” for 2016 to 2018, and many more. For 2017 market value, the reverse CAGR calculator provided $1.72 billion. We did the same process for 2018 to 2022.
To check whether our calculations were correct or not, we checked the online CAGR calculator. We entered the beginning and ending values. For beginning value, we entered the 2016 market value of $1.52 billion, and the 2022 market value of $3.23 billion for ending value. For the number of periods, we entered “6” since there are six years between 2016 and 2022. The CAGR calculator provided 13.4% CAGR.

MAIN FINDINGS

The soluble dietary fiber market value in 2016 was $1.52 billion, and with about 13.4% CAGR from 2017, it is estimated to reach $3.23 billion in 2022. Using the same CAGR, the market value in 2017 was about $1.72 billion; about $1.95 billion in 2018; approximately $2.21 billion in 2019; approximately $2.51 billion in 2020; and about $2.85 billion in 2021. The 13.4% CAGR of soluble dietary fiber market means that the market is expected to grow 13.4% annually. This estimated growth is driven by increased awareness of the health benefits of fibers.
Part
03
of five
Part
03

US Soluble Dietary Fiber Market: Consumer Market Trends

While there was no preexisting information on the consumer trends in the US soluble dietary fiber market, we have used the available data to pull together useful information related to the topic. Our finding showed some global trend in the global soluble dietary fiber market. Increase in digestive resistant maltodextrin as an inexpensive, zero sugar, and energy food addictive; Increase in the soluble dietary fibers in animals; Increase demand for quality edible food and dietary supplements is driving demand for inulin were some trend identified in the global soluble dietary fiber market.
Below, we have provided our research methodology and listed some paywall resources that relate to the data points which we found during our research.

Research strategy

We began our research by first searching for any preexisting information on the consumer trends in the US soluble dietary fiber market. Our search through industry reports, news articles, media publications, and relevant websites did not provide the data specific for the US. However, materials found on publications such as Food Business News and Medical News Today gave insights into the soluble fiber trends globally.
Next, we attempted to narrow in on some trends found in the global reports’ excerpts. We searched for such trends like "increase in demand for maltodextrin/dextrin," but these led us to paywall sources for maltodextrin market trends (such as the report at Market Study Reports). These paywall sources were also based on a global market and not specific to the United States. We found a few pieces of information in the excerpts which talked about the US and North America health trends driving the increase market for soluble fibers. Again, we searched for another trend hinted by the global sources which was the "use of soluble fibers in animal feed." We hoped to see if the trend would also be attributed to the US market, yet this did not provide any relevant data. However, we found information on poultry diets in WATT Global Media, but again this source was located behind a subscription paywall. The last trend we tried to find as related to the US market was "inulin, as a dietary supplement." We found a graphics from an AB News Wire press release about the use of inulin in dietary supplements. This report showed inulin to have the fastest growth in the food and beverage subsection. This press release was also tied to a paywall report for global inulin market.
Going forward, we decided to expand our search to include global soluble dietary fiber market, especially since many of these paywall research reports had excerpts that could help the client gain an understanding about global market trends. This research strategy made sense because the sources indicated that the United States (or in some cases North America or the United States and Europe) was a driving force behind the global soluble market trends. Though most of the information we found was behind a paywall, we have presented some excerpts from them in the related findings below. We have also listed the resources under the paywall source section below.

RELATED FINDINGS:

TREND #1: INCREASE IN DIGESTIVE RESISTANT MALTODEXTRIN AS AN INEXPENSIVE, ZERO SUGAR, ENERGY FOOD ADDITIVE

According to the report by Research Nester, the expansion of the food and beverage industry and the desire for inexpensive food additive is driving the increase in the demand for maltodextrin. Some examples of such maltodextrin include promitor, nutriose, and fibers. These maltodextrin has been classified as soluble fibers by the FDA. The maltodextrin can improve the taste, texture, color, as well as shelf life of food and it is cheap. These products are a rich source of energy and are being utilized by athletes as a pre-workout energy source. It is also being marketed as a safe food for people with diabetes because it has zero sugar. Maltodextrin is used to produce cold drinks, ice cream, milk, and candies. It is also used in animal feed for the meat market. Maltodextrin is expected to continue to increase in demand as people become more health conscious.

TREND #2: INCREASE IN SOLUBLE DIETARY FIBERS IN ANIMAL FEED

There has been an increase in the demand for soluble dietary fibers to be added in the diets of animals in the meat market due to the consumers' desire to increase gut health and nutritional values of cattle. Roquette has taken advantage of this trend by producing nutriose FM10, a corn-based soluble fiber that is mixed in animal feed. This trend is being driven by the increase in the health consciousness among consumer.

TREND #3: INCREASE DEMAND FOR QUALITY EDIBLE FOOD AND DIETARY SUPPLEMENTS IS DRIVING DEMAND FOR INULIN

There is a global increase in demand for inulin in food and beverages and as a dietary supplement, and its lower cost is expected to continue to drive its market share. The CAGR of the global inulin market from 2019 to 2025 is 10.9%, and the rate at which its value will grow is expected to be higher than its production. A major company manufacturing inulin is Cargil. Food and beverage are expected to be the primary driving force behind the inulin market with dietary supplements expected to draw positive growth due to the health benefits of inulin. Inulin is helpful in weight management, and it is suitable for people with diabetes.

PAYWALL SOURCES

  • Research Nester's report "Maltodextrin Market Size: Maltodextrin Demand, Growth, Share, and Forecast" is from 2019 and is available for $4,100. It is specific to the global maltodextrin market.
  • Market Study Report's report "Global Digestion Resistant Maltodextrin Market Insights, Forecast to 2025" is from 2019 and is available for $3,900. It is specific to the global maltodextrin market.
  • Adroit Research's report "Global Inulin Market Size, Share | Price Analysis Report 2025" is from 2019 and is available for $4,200. It is specific to the global inulin market.
  • WATT Global Media's online publication has an article "Benefits of fiber feed additives in poultry nutrition." It is available with a subscription and a company account.
  • Grandview Research's report "Soluble Fiber Market Size By Type | Industry Analysis Report 2014-2025" is from 2017 and is available for $4,950. Information specific to North America and United States trends is found in this report.
  • Research Market's report "Global Bio-soluble Fiber Market 2018-2022" is from 2018 and is available for $2,500 (on sale from $3,500). It discusses the bio-soluble fiber market.
  • Wise Guy Report's report "Soluble Fiber - Global Market Outlook (2017-2026)" is from 2018 and is available for $4,150. It does break down the North American market segment including the increase in digestive disorders in the United States, which it sites as a driving force for an increase in demands for soluble fiber.
  • Strategy Market Research Consulting's report "Soluble Fiber - Global Market Outlook (2017-2026)" is from 2018 and is available for $4,150. It discusses the future of the soluble fiber market.
  • Mordor Intelligence's report "Food Fibers Market | Growth, Trends and Forecasts (2018-2023)" is from 2018 and is available for $4,250. The report discusses market drivers and restraints as well as discusses the types of soluble fibers and each of their market segments. The report is for the whole fibers market (soluble and insoluble) and is global.

Part
04
of five
Part
04

US Soluble Dietary Fiber Market: Key Players

Based on revenue, the three key players in the US soluble dietary fiber market are Cargill, Archer Daniels Midland Company, and DowDuPont. In the attached spreadsheet (Rows: 1-4, 8; Columns: C-E), we have compiled relevant information regarding each company. We researched each company using their websites and industry databases, such as Hoovers and Crunchbase. First, we researched all the companies that sold soluble dietary fiber products in the US. Then, we researched their revenues and selected the companies with the highest revenues. Finally, we utilized the company websites to extract relevant information.

  • Cargill: The company has a revenue of $114.7 billion and provides various soluble dietary fiber products, such as chicory root fiber.
  • Archer Daniels Midland Company: The company has a revenue of $64.3 billion and provides various soluble dietary fiber products, such as Fibersol-2 and Fibersol-2 AG.
  • DowDuPont: The company has a revenue of $85.977 billion and provides various soluble dietary fiber products, such as sorghum and sunflower seeds.
Part
05
of five
Part
05

US Soluble Dietary Fiber Market: Key Player Comparison

Soluble dietary fiber offerings from Cargill, Archer Daniels Midland, and DowDuPont were looked at were researched, and we successfully found all the information we needed. We found that Cargill sells the Oliggo-Fiber chicory root fiber, Archer Daniels Midland sells FiberSol-2 and FiberSol-2 AG, and DowDuPont sells Litesse polydextrose and FIBRIM soy fiber. We placed the information for each product in this spreadsheet and we summarize our findings below.

cargill

Their soluble dietary fiber product is the Oliggo-Fiber® chicory root fiber. It contains prebiotics which facilitate the growth of good bacteria such as Bifidobacteria and Lactobacilli in the colon. This fiber is used in bakeries, confectioneries, and makers of dairy alternatives and beverages. It is also aimed at brands that are in specific nutrition, such as those that make diabetic meals.

archer daniels midland

Their soluble dietary fiber products are the FiberSol®-2 and FiberSol®-2 AG. Their FiberSol-2 soluble fiber is clear and is highly-soluble under all conditions, while their FiberSol-2 AG soluble fiber has low bulk density, rapid dispersion, and quick dissolution which helps the success of the product. Their main target includes companies and brands that make dietary tablets, supplements, sweeteners, and instant spice mixes and gravies.

dowdupont

Their soluble dietary fiber products include their Litesse® polydextrose product and FIBRIM® soy fiber product. Litesse has prebiotic properties, meaning it has an undigestible component which is fermented by bacteria in the colon, which in turn improves digestion and colon health. FIBRIM exhibits characteristics of both soluble and insoluble fibers, which makes it good for laxation and for increased satiety. Litesse can be used in most food applications, Litesse Two can be used in all food applications, and Litesse Ultra can be used in all food and beverage applications. FIBRIM is targeted at manufacturers of cereal bars, cereals, snack makers and bakeries.
Sources
Sources

From Part 03
From Part 04
Quotes
  • "Through a joint venture with Matsutani Chemical Industry Co., Ltd., ADM offers a soluble, highly functional dietary fiber that offers multiple benefits for food formulators."
Quotes
  • "The Agriculture Division will offer a complete portfolio of products and technologies, and a robust pipeline of germplasm, traits and crop protection."
Quotes
  • "Our soluble fiber ingredients provide an easy and tasty way to put fiber back into consumer diets. Though not intended as a replacement for whole grains, fruits and vegetables in the daily diet, our ingredients can boost the fiber content of almost all food applications."