Asia Pacific Soluble Dietary Fibers Market
The Asia Pacific (APAC) region comprises countries such as Australia, China, India, Japan, South Korea, and other Asian countries. In Asia Pacific, growing awareness about healthy diet and increasing health consciousness among people are the major drivers for the soluble dietary fibers market. Owing to the health benefits of soluble dietary fibers, there is growing demand for these fibers. The consumers in several economies across Asia Pacific have begun to pay attention to dietary guidelines, which has boosted the market growth. Countries such as China and India, are major contributors for the market growth in the region. There is an increase in awareness about gut health of both humans and animals in Asia Pacific. As a result, there is a growing demand for specific prebiotic fibers from pharmaceutical and animal nutrition industries. The consumers are expected to pay more attention to healthy nutrition in post COVID-19 times.
The COVID-19 pandemic is anticipated to cause a significant economic loss in Asia Pacific. The consequence and impact can be even worse, and they totally depend on the spread of the virus. The Asian economies have been hit hard due to the pandemic. The emergence of new COVID-19 waves in India, Thailand, and other Asian economies has prolonged the effect of pandemic upon GDP. The ongoing COVID-19 pandemic is anticipated to cause huge disruptions in the growth of various industries of Asia Pacific. However, the uncertainty regarding the future outbreak, especially in countries such as India and few other Asian countries, has altered the status of several industrial sectors. The governments of various Asia Pacific economies are taking possible steps to restrict the spread of the virus by announcing country-wide lockdown, which have a direct impact upon the growth of industrial sectors. This may impact the demand for soluble dietary fibers. However, the market is expected to witness an increase in investment by existing players along with penetration of new players to tap the prevailing opportunities as well as cater to soaring demand for natural, healthy, clean-label products in post-pandemic times.
Strategic insights for the Asia Pacific Soluble Dietary Fibers provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,268.88 Million |
| Market Size by 2028 | US$ 1,818.59 Million |
| Global CAGR (2021 - 2028) | 5.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific Soluble Dietary Fibers refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The soluble dietary fibers market in Asia Pacific is expected to grow from US$ 1,268.88 million in 2021 to US$ 1,818.59 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028. Dietary fiber acts as a functional food product as it offers added benefits, along with several health benefits, apart from the normal expected function. Several associations such as Department of Nutrition, School of Health Sciences, and IGI Global identify the role of soluble dietary fiber as the key element in boosting the overall nutritional properties in functional foods. Also, a recent study published by Nutraceutical World in May 2021, describes the use of soluble dietary fiber with blueberry in supplementing diet, which have the potential to minimize the risk of gestational diabetes, along with significant reduction in gestational weight gain, enhanced glycemic control, and reduced inflammation in pregnant women with obesity. Further, an article published by National Center for Biotechnology Information (NCBI) states that dietary fibers such as soluble dietary fibers are significantly used in preparation of functional foods such as bakery, drinks, and meat products which helps to enhance the physio-chemical properties such as such as water-binding capacity, texturizing, thickening and others along with promoting functionality. Colloides Naturels International (CNI) incorporated the use of acacia gum which offers advanced nutritional properties with documented health benefits and is ideal for several functional food formulations such as beverages, bakery products, cereal bars, and extruded products. Similarly, Sabinsa Corporation incorporates the use of wide variety of nutritional fibers obtained from plant food sources, Indian gooseberry, cocoa beans, coconut endosperm, fenugreek, flax seeds, and ginger rhizomes in the preparation of dietary fiber supplements. Besides the several health benefits offered by soluble dietary fibers, these fibers help impart consistency along with texture, improve cooking yields and enhances palatability, and add to rheological and sensory characteristic in food items. For instance, soluble dietary fibers are effectively used as functional ingredients in preparation of several meat products such as beef patties, ground beef and pork, and pork and chicken sausages. As per an article published by National Center for Biotechnology Information (NCBI), the fiber incorporation in meat products has been identified attributable to several functional characteristics such as water retention, lubrication, ability to minimize cooking loss, texture modification, and neutral flavor, which improves the overall taste and flavor of the meat product. Additionally, the functional properties associated with such fibers have a profound impact on the physicochemical features. With increase in investment in research and development activities and rise in focus toward incorporation of soluble dietary fibers in functional food, newer fiber materials have been recognized, which offer health benefits beyond the traditional fiber concepts of basic digestive health.
In terms of type, the inulin segment accounted for the largest share of the Asia Pacific soluble dietary fibers market in 2020. In terms of source, the cereals and grains segment accounted for the largest share. Further In term of application, the food and beverages held a larger market share of the soluble dietary fibers market in 2020.
A few major primary and secondary sources referred to for preparing this report on the soluble dietary fibers market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Cargill, Incorporated, Kerry Group, Ingredion Incorporated, Nexira, Roquette Frères, Tate & Lyle PLC, ADM, IFF Nutrition & Biosciences, and BENEO GmbH among others.
The Asia Pacific Soluble Dietary Fibers Market is valued at US$ 1,268.88 Million in 2021, it is projected to reach US$ 1,818.59 Million by 2028.
As per our report Asia Pacific Soluble Dietary Fibers Market, the market size is valued at US$ 1,268.88 Million in 2021, projecting it to reach US$ 1,818.59 Million by 2028. This translates to a CAGR of approximately 5.3% during the forecast period.
The Asia Pacific Soluble Dietary Fibers Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Soluble Dietary Fibers Market report:
The Asia Pacific Soluble Dietary Fibers Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Soluble Dietary Fibers Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Soluble Dietary Fibers Market value chain can benefit from the information contained in a comprehensive market report.
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