Global
Soy Fiber Market: Outlook
It
has been long established that inclusion of soluble & non-
soluble fiber in the diet is a must for the well-being of an
individual. Soy fiber has been one of the most preferred go-to
dietary fiber since it was introduced in the market. Today, soy fiber
market has established itself in multiple sectors of goods. Soy fiber
is extracted from de-oiled soya bean as it makes up for 9% of the dry
weight of a soya bean plant. Soy fiber market shows its presence in a
plethora of industries which includes nutraceuticals, textile, food,
and beverages etc. The ease of access to raw material and multiple
application of soy fiber makes the future aspect for the soy fiber
market stronger. The consumer of today continues to demand for
healthier food products. Given a choice, the consumer will always
choose an improvised food product to maintain a good health over
pharmaceutical alternatives. With hectic schedules and growing trend
for healthier lifestyle, the demand for dietary supplements is on a
rise. Soy fiber has a huge presence in the dietary fiber market and
is available in multiple different forms.
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Soy
fiber: meat of the future
Following
the popular culture of veganism, many people are turning towards
vegetarianism. Soy fiber has been one of the key elements for the
development of meat alternatives. Meat has a specific texture because
of which it is more appealing as a food preference for many. Almost
all the meat alternatives that exist in the market use soy fiber as a
texture enhancer or use it as a complete alternative in form of soy
fiber nuggets. The preference of a vegan culture worldwide in
synergism with soy being the go-to fiber as a substitute indicates a
surge in demand for soy fiber in the market over the forecast period
from multiple regions.
Soy
fiber in nutraceuticals: new & trending products incorporating
soy fiber
Soy
fiber available for commercial use is used primarily as a binder in
multiple food products. Meat substitutes are a part of the product
portfolio that utilize soy fiber. Nutrition bars, snack bars, cereal
processing also use soy fiber as a binding agent. With properties
like neutral taste, low cost and easy availability, soy
fiber makes for an excellent food additive. According to the
studies conducted in 2015 by Tasnim Farzana et.al., inclusion of soy
protein in edible flour and biscuits improved the nutritional as well
as the sensory quality of the final product. With the marginal
increase in cost for a much higher gain in terms of quality of the
final products, many companies are opting for soy fiber as a
must-have additive. With the rise in demand for nutraceutical
products and demand for new and improved food products in the market,
the demand for soy fiber is also on the rise.
Global
Soy Fiber Market: Key Players:
Some
of the key players in the soy fiber market are Ruchi Soya industries
Ltd., Dupont Danisco, Nutra food ingredients, Healthy food
ingredients, FOODCHEM international corporation, Pacific Soyabean and
grain, Euroduna Food Ingredients GmbH, Archer Daniels Midland,
Shandong Yuxin Bio-Tech Co. Ltd., NOW FOODS.
Opportunities
for Market Participants in Soy Fiber Market:
Inclusion
of soy fiber in products as a marginal increase in production cost
and a high quality end product has led to an increase in demand of
soy fiber in the market. The demand from meat industry for soy fiber
has also been on the rise owing to its texture improving qualities.
With major flour manufacturers like ITC opting to include soy fiber
in their products, the soy fiber market is witnessing a steady
increase in demand.
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