The Asia pacific Insoluble Dietary Fiber Market was worth $0.46 billion in 2022 and estimated to be growing at a CAGR of 8.45%, to reach $0.69 billion by 2028. Asia Pacific region is probable to be the highest growing market for insoluble dietary fibers during the forecast period.
Insoluble dietary fibers aids in large bowel function, lowers the blood cholesterol, and reduction of post-prandial blood glucose and insulin levels which are distress issues of the population. To endure and be successful in this competitive market, it becomes essential for vendors to differentiate their products and service aid through a clear and distinctive value proposition.
Drivers and Restraints:
Increasing number of patents about grinding and production of insoluble dietary fibers by main participants in the past decade are probable to create profitable market scenario. The increasing demand for dietary fiber as a functional food is anticipated to have a positive impact on the market during the forecast period. In addition, the initiate of different dietary fiber-based products is an added factor that will improve the prospects for market growth. Though, the promising market of synthetic dietary fiber supplements is estimated to obstruct the market growth.
Asia pacific Insoluble Dietary Fiber Market Segmentation Analysis:
Asia Pacific Insoluble Dietary Fiber Market is segmented by product type into Cellulose, Hemi-Cellulose, Chitin & Chitosan, Lignin and Resistant Starch. Based on end users the market is segregated into functional foods, animal feed and pharmaceuticals. The bakery industry employs a large share of the total insoluble dietary fibers due to their greater ability in providing higher softness of breadcrumb and firmness to the loaf which can be attributed to the dominance of functional foods.
Geographically the market is segmented into China, India, Japan, South Korea and Australia. India and China are anticipated to witness highest growth in the forecast period.
Key Players in the Market:
Major key players in the Asia pacific Insoluble Dietary Fiber Market are
The major international players operating in insoluble dietary fiber market are Tate & Lyle PLC, Ingredion Incorporated, E. I. DuPont de Nemours and Company, Archer Daniels Midland Company, Cargill, Inc., Sunopta Inc. and others. Key players have engaged in wide scientific research to recognize better and economically probable active ingredients with a wider application range.
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