The Asia Pacific insoluble dietary fibers market size is projected to expand at a CAGR of 11.6% during the forecast period, 2021 - 2028. The growth of the market is attributed to growing demand for functional foods, rising consumer awareness regarding the same through government health programs
Changing lifestyle and lack of time have led to high consumption of functional foods in countries around the world, especially in Asia. This, in turn, has increased the intake of fiber. Insoluble dietary fiber content varies in different types of foods. These type of fibers make the digestion easier for consumers. Insoluble fibers are found in whole-grain products, such as wheat, bran, cereals, vegetables, and fruits.
These fibers ease the intestine activity, increases satiation, and helps in maintaining body weight. They offer advantage of functional and nutritional food products. Insoluble dietary fibers are highly used in functional food, animal feed, and medicinal products.
The report on the Asia Pacific Insoluble Dietary Fibers Market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Insoluble Dietary Fibers Market - Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Sources (Fruits & Vegetables, Cereals & Grains, and Others), Applications (Functional Food and Beverages, Pharmaceuticals, and Animal Feed) |
Regional Scope |
China, Japan, India, Australia, and Rest of Asia Pacific |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
CFF GmbH & Co. KG, Maltexcofood, |
Cereals & grains segment to account a major market share
Based on Sources, the market is divided into fruits & vegetables, cereals & grains, and others. The cereals & grains segment is expected to account for a major market share during the forecast period. The segment growth is attributed to the increasing consumption of cereals and grains of various types across the region owing to their high nutritional value, in terms of insoluble dietary fibers.
Pharmaceutical segment to exhibit a high CAGR
Based on applications, the market is segregated into functional food and beverages, pharmaceuticals, and animal feed. The pharmaceutical segment is projected to exhibit a high CAGR during the forecasted period. Rising use of insoluble dietary fibers in pharmaceutical products to increase their medicinal value is driving the growth of the market segment. On the other hand, the functional food and beverages segment is expected to grow at a healthy rate owing to increasing awareness about food products through social media.
China to account a significant market share
Based on geographies, the market is classified as China, Japan, India, Australia, and Rest of Asia Pacific. China is projected to account for a significant market share during the forecast period. China is a lucrative market for insoluble dietary fibers in the region. The country is showing significant development in terms of new product launches and innovations. Major companies are creating strategies and plans for business expansion in order to increase their market penetration and are heavily investing to supplement the production facility in the country. Conversely, the market in India is anticipated to exhibit a robust CAGR owing to rising population and increasing inclination toward consumption of healthy products.
The major players include CFF GmbH & Co. KG, Maltexcofood, Cargill Incorporated, DuPont, and Grain Processing Corporation.
Major industry players are heavily investing in increasing their production capacity to expand their market share.
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