GCC Soluble Dietary Fibers Market to Expand at Significant CAGR of 11.2% during 2022–2028

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GCC Soluble Dietary Fibers Market

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects GCC soluble dietary fibers market size to grow at a CAGR of 11.2% during the forecast period between 2022 and 2028. Major factors for the expansion of GCC soluble dietary fibers market include increasing health conscious among consumers, growing awareness about the health benefits of soluble dietary fibers, increasing prevalence of chronic disease incidences, surging demand from pharmaceutical, food, and animal nutrition industries to integrate soluble dietary fibers into their products and increasing government initiatives to promote healthy eating are widely adopted in countries across the GCC region. Soluble dietary fibers are added to foods and improve colonic health, as well as bifidobacterial or lactobacillus stimulation in the gut, coronary artery health, cholesterol reduction, and glucose metabolism. Soluble dietary fibers also aid in weight management and lower the risk of cardiovascular disease. Water-soluble dietary fiber is one of the most effective forms of dietary fiber. It contains inulin, beta-glucan, polydextrose, pectin, fructooligosaccharides, galactooligosaccharides, and maize fiber, which contribute to the nutrient content of the food and beverage product added. Furthermore, soluble dietary fibers are beneficial for muscle performance, endurance, and regeneration prior to, during, and after exercise. Due to dietary fiber-rich meals, dietary fiber manufacturers have a foothold in the nutraceutical and sports nutrition sectors. It is also expected to contribute to the expansion of the GCC dietary fiber market.

GCC Soluble Dietary Fibers Market – Overview

Soluble dietary fibers are added to foods and enhance colonic health or lactobacillus stimulation in the gut, coronary artery health, cholesterol reduction, and glucose metabolism. They also aid in weight management and lower the risk of cardiovascular diseases. Water-soluble dietary fiber is one of the most important types of dietary fiber. Growth in product development and in preference for dietary supplements because of changing lifestyles is expected to provide lucrative growth opportunities for market participants. Rising awareness of the health benefits of soluble dietary fibers, along with an increasing urban population, is also expected to present a significant growth opportunity. The dietary fibers market is expected to expand due to an increase in the number of working women and an increase in the consumer spending of healthy food products.

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GCC Soluble Dietary Fibers Market – By Type

Based on type, GCC soluble dietary fibers market is segmented into Inulin, Pectin, Polydextrose, and Beta-Glucan. The inulin segment holds the highest market share. This segment gains traction due to its diverse applications in the functional food and beverage, pharmaceutical, animal feed, and cosmetics industries, as well as its numerous health benefits over other soluble fibers. Inulin is also added to processed foods by several food producers to improve nutritional content and substitute fat and sugar.

Impact of COVID–19 on GCC Soluble Dietary Fibers Market

COVID-19 had a detrimental effect on GCC economies, resulting in a decrease in oil output, tourism, and remittances. The quarantine measures enforced in the region for sanitary reasons brought multiple activities in various economic sectors to a halt. Countries in the GCC region are potential markets for soluble dietary fiber vendors. During the pandemic, the temporary shutdown of industrial units owing to indefinite lockdowns and temporary quarantines hampered the expansion of the soluble dietary fibers market. Additionally, the pandemic had a massive impact on the food and beverages business, affecting the growth of soluble dietary fibers market. The pandemic considerably delayed the growth of GCC soluble dietary fibers market due to volatility in raw material prices such as fruits and vegetables, whole grains, and legumes. Despite the challenges, the shift in consumer dietary patterns could boost the demand for soluble dietary fibers in the regional market. It has also prompted consumers to assess their health. This, in turn, spurred the demand for healthy products and functional foods that can assist them in improving their health.

Impact of Russia-Ukraine conflict on GCC Soluble Dietary Fibers Market

GCC soluble dietary fibers market is adversely affected by the ongoing war between Russia and Ukraine, the world’s two largest producers and suppliers of wheat grains. Further intensity of the war is feared to trigger the global food crisis. According to UN FAO reports, Russia and Ukraine together held a significant share of 34% in global exports of wheat in 2021. Especially, in the global exports of sunflower cake, both the countries had a whopping 81% share. In addition, Ukraine and Russia held a combined significant market share in the global exports in maize, barley, sunflower oil, and vegetable oils. The report also estimated that Russia and Ukraine supplied about 12% of food calories traded across the globe in 2021. Since the Russian invasion of Ukraine on February 24, 2022, there have been uncertainties over the supply of grains both from Ukraine and Russia to the world, and to Arab states of the Middle East and North Africa. It has resulted in a significant rise in global food prices. Apart from experiencing food shortages due to expensive import costs, fiscal deficits, conflict, Middle East and North Africa confront an additional issue. Any interruption or decrease in wheat supply from Ukraine and Russia will deny inhabitants in some of the world’s most food-insecure countries the ability to produce fiber-enriched food and other daily necessities. Therefore, the continuous conflict between Ukraine and Russia is anticipated to affect the growth of GCC Soluble Dietary Fibers Market.

Competitive Landscape

 
GCC soluble dietary fibers market is fiercely competitive with leading market players including IFF Nutrition & Biosciences, Suedzucker, Ingredion Incorporated, Roquette Frères, Kerry Group plc., Nexira, ADM, Cargill, Incorporated, Tate & Lyle, and DuPont de Nemours, Inc. To further enhance their market share, these players are primarily focused on the development of innovative and efficient products, new product releases, market initiatives, mergers and acquisitions, and other collaborative activities.

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