Report : South America Soluble Dietary Fibers Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Inulin, Pectin, Polydextrose, Beta-Glucan, and Others), Source (Cereals and Grains, Fruits and Vegetables, and Others), and Application (Food and Beverages, Animal Nutrition, Pharmaceuticals and Nutraceuticals, and Others)

Pharmaceuticals and Nutraceuticals is expected to be the fastest growing segment during the forecast period 2021–2028

 According to a new market research study on “South America Soluble Dietary Fibers Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Source and Application,” is expected to reach US$ 477.38 million by 2028 from US$ 373.00 million in 2021. The market is estimated to grow at a CAGR of 3.6% from 2021 to 2028. The report provides trends prevailing in the South America soluble dietary fibers market along with the drivers and restraints pertaining to the market growth. Broadening applications of soluble dietary fibers in pharmaceuticals and nutraceuticals, boosting demand for functional food, and surging demand for soluble dietary fibers as a sugar replacement in beverages and as a prebiotic are the major factor driving the growth of the South America soluble dietary fibers market. However, variable prices of fluctuation in raw material hinder the growth of South America soluble dietary fibers market.

Brazil has been ranked to be the third-most affected economy due to COVID-19 pandemic globally. In South America, Brazil has the highest number of COVID-19 cases, followed by Ecuador, Chile, Peru, and Argentina, among others. The governments in South America have taken an array of actions to protect their citizens and combat the spread of COVID-19 virus through lockdowns, trade bans, and travel restrictions. This may have a direct impact upon the growth of the soluble dietary fibers market.

The South America soluble dietary fibers market is segmented on the bases of type, source, application, and country. Based on type, the market is segmented into inulin, pectin, beta-glucan, polydextrose, and others. In 2020, inulin segment held the largest share in the market, and others is expected to be the fastest growing segment during the forecast period. Based on source, the soluble dietary fibers market is segmented into cereals and grains, fruits and vegetables, and others. In 2020, the cereals and grains segment held the largest share in the market and others is expected to be the fastest growing segment during the forecast period. Based on application, the market is segmented into food and beverages, animal nutrition, pharmaceuticals and nutraceuticals, and others. In 2020, food and beverages segment held the largest share in the market, and pharmaceuticals and nutraceuticals is expected to be the fastest growing segment during the forecast period. Similarly, Based on country, the market is segmented into the Brazil. Argentina, and Rest of SAM. In 2020, the Rest of SAM held the largest share in the market and Brazil is expected to be the fastest growing country during the forecast period

Cargill, Incorporated, Kerry Group, Ingredion Incorporated, Nexira, Roquette Frères, Tate & Lyle PLC, ADM, IFF Nutrition & Biosciences, and BENEO GmbH are among the leading companies in the South America soluble dietary fibers market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

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