Asia Pacific Dietary Fibers Market

Asia Pacific Dietary Fibers Market Growth and Forecast (2023 - 2028):

The Asia Pacific Dietary Fibers Market size is currently valued at 0.91 Billion USD in 2022. The market is expected to grow at a CAGR of 15.4% over the forecast period to reach a valuation of 2.07 Billion USD in 2028.

Market Overview:

Dietary fiber is a portion of food that is indigestible and derived from plants. Dietary fiber can be of two primary forms, i.e. insoluble and soluble fiber. High fiber consumption makes the body less vulnerable to diseases such as diabetes, stroke, and obesity. Dietary fibers referred to as roughage, found in food products are derived mainly from plant foods. Such fibers assist in the transfer of waste within the body, reduce the risk of diabetes and heart disease by lowering blood sugar and cholesterol levels and maintaining body weight.

Drivers and Restraints:

Major factors that drive the Asia Pacific Dietary Fibers Market forward are-

• Across developed economies, customers have started to keep an eye on dietary recommendations, resulting in a move to positive health care and lifestyle.
• Aspects like an increase in the prevalence of gastrointestinal diseases, combined with an increase in consumer spending on personal care products, will provide definite room for market penetration during the projected period.
• Increased consumer preferences for organic and alternative food products instead of meat products due to higher nutritional value will further provide a stable business outlook.
• Increasing customer attention on maintaining health and managing body weight has increased demand for products from the supplement industry.
• The growth in consumer preference for energy and sports drinks with nutritional benefits will further fuel demand for products.
• The increasing popularity of fortified and functional food products in developing countries due to rising disposable incomes will further contribute to the expansion of the industry.

The factors holding the Asia Pacific Dietary Fibers Market back include-

• The robust regulatory environment followed by industries in terms of manufacturing practices restricts the growth of the market in this area.
• Growth is further hampered by the strict regulations imposed by the FDA, such as the possibility of a change in the concept of dietary fiber in the near future, which would result in the recall of the items available on the market for review and reassessment.

Research Methodology:

The research done takes place in two phases namely-

Secondary Research The first phase of the research process is an extensive secondary research and identification of the related intelligence. Secondary data is compiled from various sources. An extensive secondary research helps in generating hypothesis and identifying critical areas of interest that are investigated through primary research.

Primary Research This entails conducting hundreds of primary interviews with industry participants and commentators in order to validate the data points obtained from secondary research and to fill the data gaps. A primary interview provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc. It also helps in deciding the scope and deliverables of the study in terms of the requirement of the market. Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies.

Asia Pacific Dietary Fibers Market Segmentation Analysis:

By Type:

• Soluble
• Insoluble

By Source:

• Cereals & Grains
• Fruits & Vegetables
• Other Crops

By Application:

• Functional Food & Beverages
• Animal Feed
• Pet Food
• Pharmaceuticals

By Region:

• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific

Fruits & vegetables are the main source of many micronutrients, such as vitamins, minerals, dietary fibres, carbohydrates, proteins and others. Vegetables that are a good source of dietary fiber include garlic, dandelion greens, carrots, potatoes, beans and peas.

Dietary fibers are segmented into soluble and insoluble on the basis of the material. This section was dominated by insoluble fibers that move through the intestines without creating a gel-like material. They also have other advantages, such as preserving the pH balance in the intestines, which are expected to increase by more than 13 per cent in quality at the fastest CAGR from 2023 to 2028.

Dietary fibers were most commonly used in the food sector due to an increase in recognition of the value of fiber in daily food as well as the strong growth of the functional food industry. In 2018, the second-largest market share was garnered by beverages with over 30% by revenue.

APAC Dietary Fibers Market Geographical Analysis:

Geographically, the Asia-Pacific demand for dietary fiber is divided into China, India, Japan, South Korea and Australia. Asia-Pacific is predicted to witness the highest growth rate due to factors such as economic developments coupled with aging populations in Japan, which is driving demand for dietary supplements in that area. Companies that are functioning in the food and beverage field in this area are gradually implementing new approaches with a primary focus on dietary fiber as a means of promoting their brands and products.

Key Players in the Market:

Major Key Players in the Asia Pacific Dietary Fibers Industry are

• Cargill (U.S.)
• E. I. du Pont de Nemours and Company (U.S.)
• Ingredion Incorporated (U.S.)
• Archer Daniels Midland Company (U.S.)
• Tate & Lyle PLC (U.K.)
• Kerry Group plc (Ireland)
• Roquette Frères S.A. (France)
• Südzucker AG (Germany)
• J. RETTENMAIER & SÖHNE GmbH & Co KG (Germany)
• Nexira SAS (France)
• Grain Processing Corporation (U.S.)
• Lonza Group AG (Switzerland)

Research Report Key Highlights:

• Current and future market perspectives for APAC Dietary Fibers Market in developed and emerging markets.
• Analyze different market perspectives using the analysis of five Porter forces
• The segment that is expected to dominate the market.
• Regions that are expected to grow faster during the forecast period.
• Identify the latest developments, market shares, and strategies of key market participants.