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Soluble Fibre Ingredients – Global Market 2018 - 2023

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Soluble Fibre Ingredients – Global Market 2018 - 2023 Soluble Fibre Ingredients – Global Market 2018 - 2023 Supply | Demand | Forecasts | Trends Published: May 2019 Soluble Fibre Ingredients www.giract.com Marketing Insights- EU28 www.giract.com GIRACT - Introduction GIRACT - Introduction ❖ Active since 1970 (Gira) and 1989 (Giract) in market research and consultancy ❖ Additives/ingredients for Food & Drink Industry ❖ Fine Chemicals/Pharmaceuticals and Intermediates ❖ Associated Technologies from biotech to packaging, process, medical engineering, waste recycling ❖ Nutrition and Health focus for research, consultancy and strategy planning ❖ New focus into developing markets – Asia, Eastern Europe, Latin America, Middle East and Africa Soluble Fibre Ingredients www.giract.com Market Insights- EU28 www.giract.com Selected Global Clients Selected Global Clients Soluble Fibre Ingredients www.giract.com Marketing Insights- EU28 www.giract.com Research Process Giract Analysis Primary Secondary Research Research Questionnaire Internal Preparation Market Scenario Reports Trends Interviews Business Strategy Industrial Association by Email Briefings Telephonic Scientific Interviews Publications Online Surveys Newsletters/ Journals Insights from Government Webinars Publications Soluble Fibre Ingredients www.giract.com Market Insights- EU28 www.giract.com Key Data Points From Sources DATA VALUES FROM PRIMARY DATA VALUES FROM SECONDARY SOURCES SOURCES • Details on product portfolio • Market shares – companies & • News on research & development, products market trends • Product trends • Commodity prices • Price trends • Mergers, Acquisitions, Partnerships, • Dosage/Penetration values Collaborations and Investment • Growth prospects of market/products details • Drivers, Restraints, Challenges, • Details for company profiles Opportunities Soluble Fibre Ingredients www.giract.com Market Insights- EU28 www.giract.com Objectives To identify the ingredient producers To track price movements and to establish the supply scenario and analyse reasons of the selected soluble fibres To quantify the current To understand the choice – market demand and to the “why” and “why not” – for forecast volumes, market the use of a fibre, and to values and trends to identify potential novel fibre 2023 for the end ingredient alternatives based products and for soluble on in-depth user interviews fibre ingredients Soluble Fibre Ingredients www.giract.com Market Insights- EU28 www.giract.com Scope GEOGRAPHICAL PRODUCTS MARKETS END-USE SECTORS (SUPPLY & DEMAND) Inulin, oligosaccharides (OS) USA/Canada; Brazil; such as fructo- and galacto- EU-28 /Norway/ Switzerland; Dairy, drinks, diet foods, OS, isomalto-OS, XOS, Russia/Ukraine; China, India, galactofructose, bakery /cereals/bars, Asia-Pacific (Singapore, polydextrose, resistant baby/infant formula, other Indonesia, Malaysia, Thailand, starch, resistant food, pet food and animal Vietnam, South Korea, maltodextrin, soluble corn feed (as prebiotics), Australia) fibre, beta glucan-rich fibre, supplements (capsules, tagatose, cellulosic fibres, Market Overviews Latin etc.) psyllium, hydrolysed gums, America (outside Brazil) and chitosan, konjac Japan – market overviews (focus on supply) Soluble Fibre Ingredients www.giract.com Market Insights- EU28 www.giract.com Timeline, Publication, Subscription PUBLICATION June 2019 TIMELINE Current – 2018 Demand Forecasts – 2023 SUBSCRIPTION Full Report EUR 34950 www.giract.comwww.giract.com Glossary • EFSA – European Food Safety Authority • FDA – Food and Drug Administration • EU 28 - 28 Member states of the European Union (2019) • FOS – Fructo-oligosaccharide • GOS – Galacto-oligosaccharide • IMOS – Isomalto-oligosaccharide • XOS - Xylo-oligosaccharide • MOS – Mannan-oligosaccharide • Soy-OS – Soy-oligosaccharide Soluble Fibre Ingredients www.giract.com Market Insights- EU28 www.giract.com Current Trends Inulin, polydextrose and fructo- 01 oligosaccharides (FOS) are the popularly consumed soluble fibres all over the world However, supply market is challenged by shortage of raw materials as well as price 02 fluctuations In Asia-Pacific, Australia and South Korea are important supplier of GOS and Current FOS/polydextrose respectively. The fast- 03 developing nations in the ASEAN region are Trends becoming increasingly important consumers of fibre ingredients Bakery, infant and clinical nutrition and dairy 04 have been largely consuming soluble fibres (mainly inulin, FOS and GOS), followed by drinks/beverages FOS's sweet flavor makes it a common choice for alternative sweeteners and hence commonly added to beverages and syrups as a sweetener Soluble Fibre Ingredients www.giract.com Market Insights- EU28 www.giract.com Technical Functionality Technical Functionality Soluble Fibre Ingredients www.giract.com Market Insights- EU28 www.giract.com Main Driving Forces Food manufacturers are re-engineering the formulations based on the strategies chosen, or even to create new products, taking advantage 01 of the characteristics and properties of the soluble fibres and other fibre ingredients available in the market European consumer trends and innovation are driven by various 02 factors such as consumer demand for pleasure, variation of senses and sophistication from foods Health trends such as natural, medicinal, organic and vegetarian 03 have also grown dynamically in Europe As per research conducted by Tate & Lyle on fibre intake in EU28+CH+NO, around 44% of European consumers to add more fibre 04 to their diet. This confirms the rising demand for fibre ingredients in the region Soluble Fibre Ingredients www.giract.com Market Insights- EU28 www.giract.com Legislation ❖ In 2009, EFSA proposed the statement that 25g per day of dietary fibre are adequate for normal bowel function in adults ❖ In October 2009, EFSA published the first series of opinions providing scientific advice for more than 500 “general function” health claims on a draft list of 4185 claims submitted to EFSA by the European Commission between July and December 2008 ❖ GuarEFSA classifies FOS and inulin as non-digestible substance in the human ❖ Gum (E 412) is authorized as a food additive in the European Union (EU) in accordance with Annex II and Annex III to Regulation (EC) No 1333/2008 on food additives ❖ D-tagatose has been approved for use in EU28+CH+NO with varying of restrictions Permitted Claims ❖ According to Regulation (EC) No 1924/2006 (EC 2006), nutrition claims are permitted for fibre as below: - Source of fibre : A claim that a food is a source of fibre may only be made where the product contains at least 3g of fibre per 100g or at least 1.5g per 100Kcal - A claim that a product is rich in fibre may be made if the product contains 6g of fibre per 100g or 3g of fibre per 100Kcal ❖ EU Regulation 1169/2011 on food information to consumers states that the amount of dietary fibre can be among the nutritional information on pre-packed foods to be provided to the consumers (EU 2011) Soluble Fibre Ingredients www.giract.com Market Insights- EU28 www.giract.com Source: Giract, based on analysisbasedonGiract,Source: Total Y Company X Company Béghin Cosucra Sensus BeneoOrafti Company Market Insights Market Soluble Fibre Ingredients Fibre Soluble Meiji Inulin - EU28 FOS GOS Polydextrose Current Production Resistant Starch Current Production Galactofruc-tose www.giract.com Resistant www.giract.com Maltodextrin Soluble corn fibre Beta-glucan rich fibre Tagatose Cellulosic fibres Acacia gum Hydrolysed Gum Chitosan Konjac Others Total Supplier Market Share Supplier Market Share Company Share Insights • Beneo-Orafti, Sensus and Cosucra are the major producers of Inulin and FOS • Among all the soluble fibres, inulin is largely produced • Kalys is the only supplier that produces Konjac • FrieslandCampina is the largest producer of GOS • Tate & Lyle is the only producer of Soluble corn fibre Source: Giract, based on analysis Soluble Fibre Ingredients www.giract.com Market Insights- EU28 www.giract.com Trade and Availability Trade and Availability (tons) INGREDIENT PRODUCTION IMPORT EXPORT AVAILABILITY Inulin FOS Galacto-OS XOS-OS Galactofructose Polydextrose Resistant starch Resistant Dextrin/ Maltodextrin Soluble Corn fibre Beta-glucan rich fibre Tagatose Psyllium Hydrolysed guar gum Chitosan Konjac Gum Arabic/Acacia Gum IMOS Total Source: Giract, based on analysis Soluble Fibre Ingredients www.giract.com Market Insights- EU28 www.giract.com Indicative Market Prices INGREDIENT EUR/kg Inulin – powder (pet food grade) Indicative Market Prices Inulin – powder (food grade) Inulin (low sugar) FOS powder FOS syrup Galacto-OS syrup Galacto-OS powder (30% GOS) Galctofructose (lactulose) 50% syrup Galctofructose (lactulose) 74% powder Polydextrose (liquid) Polydextrose (powder) Resistant starch Resistant dextrin/maltodextrin Soluble corn fibre Beta-glucan rich fibre (10-15% beta-glucan) Beta-glucan rich fibre (15-22% beta-glucan) Beta-glucan rich fibre (22-30% beta-glucan) Tagatose Psyllium Hydrolysed guar gum Chitosan Konjac Acacia gum/gum arabic (as technical ingredient) Acacia gum/gum arabic (dietary fibre content of over 85%) Source: Giract, based on analysis Soluble Fibre Ingredients www.giract.com Market Insights- EU28 www.giract.com Current Demand Pet Food & INGREDIENT Dairy Drinks Diet Foods Bakery Cereals Inf. Nutri. Other Food Supple. Total Current Demand Feed Inulin FOS Galacto-OS IMOS XOS-OS Polydextrose Soluble Corn Fibre Resistant dextrin/maltodextrin Resistant Starch Beta-glucan rich fibre Psyllium Hydrolsed Guar Gum Tagatose Galactofructose (Lactulose) Chitosan Konjac
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