Asia-Pacific Insoluble Dietary Fibers Market is projected to grow at a CAGR of 11.6% during the forecast period (2020 - 2025).
Key Highlights
- Insoluble dietary fibers are known for their water absorption capabilities. They make the digestive process easier for consumers. Insoluble fiber is found in whole-grain products, such as wheat bran cereal, vegetables, and fruits.
- They ease the intestine activity, increase satiation and help in maintaining a healthy weight. They offer the advantage of functional characteristics and nutritional regimes with health benefits. Insoluble dietary fibers are highly used in functional food, feed industries, and pharmaceutical industries.
Key Market Trends
High Demand for Processed and Convenience Food
The population of Asia-Pacific represents diversified tastes and preferences; thus, manufacturers are constantly innovating and widening their product portfolio to meet the dynamic consumer demands. Hectic lifestyles, associated with most urban regions of Asia-Pacific, present a suitable opportunity for on-the-go breakfast and convenient goods. In the booming markets of Asia, indulgence is leading the growth in baked goods and processed food, in particular. Asia-Pacific boasts the highest bakery sales globally and accounts for the majority of global growth within the bakery segment.
China Dominates the Regional Market
Owing to the large population base with a potential consumer market, China remains a lucrative market for insoluble dietary fibers in the region. Moreover, the country is experiencing significant development in terms of new product launches and innovations. Major companies are strategizing business expansion in order to increase market penetration and are investing to supplement the production facility in the country. For instance, key players such as CFF GmbH & Co. KG, and J. Rettenmaier & Söhne GmbH & Co. KG owns manufacturing units in China.
Competitive Landscape
The insoluble dietary fibers market in Asia-Pacific is an upcoming market as there are many developing countries and the growing disposable income, economy, and rising population adds to the food industry. The rising standard of living of the consumers and preference for healthy and nutritious food is also driving the insoluble dietary fibers market, which, in turn, adds to the dietary fiber market. The major players include Archer Daniels Midland Company, Cargill, E.I. Dupont de Nemours and Company, Grain Processing Corporation, Ingredion Incorporated, J. Rettenmaier & Söhne GmbH & Co. KG, Sunopta, Inc. and CFF GmbH & Co. KG, among others.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
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Table of Contents
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