South Korea Soluble Dietary Fibre Market Outlook
According to a new report by Expert Market Research titled “South Korea Soluble Dietary Fibre Market Size, Share, Analysis, Report, Demand, Forecast 2024-2032″, the market grew significantly in 2023. Aided by the escalating health consciousness among consumers and the widening applications of soluble dietary fibre in an array of industries, the market is projected to further grow at a CAGR of 4.20% between 2024 and 2032.
Soluble dietary fibre is renowned for its ability to dissolve in water, forming a gel-like consistency in the digestive system. This property is particularly vital as it aids in the reduction of blood cholesterol levels and glucose absorption. Common sources include oats, nuts, beans, and certain fruits and vegetables. It’s a crucial component in a spectrum of food items, including functional foods, dairy alternatives, and health supplements, chiefly due to its pivotal role in promoting digestive health, weight management, and heart health.
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South Korea, often hailed as a beacon of modern trends, has seen a palpable uptick in health-centric consumer behaviour. With the expanding knowledge about the myriad benefits associated with the consumption of soluble dietary fibre, there has been a pronounced gravitation towards foods enriched with this nutrient. Furthermore, as lifestyle diseases become more prevalent, the consumption of soluble dietary fibre, known to mitigate risks associated with conditions like type 2 diabetes and cardiovascular diseases, has seen an uptrend.
Another salient driver bolstering the South Korea soluble dietary fibre market growth is the escalating popularity of functional foods. As consumers increasingly opt for foods offering health benefits beyond basic nutrition, products fortified with soluble dietary fibre have emerged as favourites. Notably, the burgeoning demand for weight management products, with soluble dietary fibre at their core, is contributing massively to the market’s vigour.
Beyond the consumer realm, the industry landscape in the country is influencing the South Korea soluble dietary fibre market outlook. The pharmaceutical sector, always in pursuit of natural ingredients to enhance the efficacy of their products, is progressively integrating soluble dietary fibre in formulations. Its natural binding and texturising properties make it a preferred choice in the manufacturing of tablets and health supplements.
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As per the market analysis, the burgeoning cosmetics and personal care industry in South Korea, known globally for its innovations, is exploring the potential of soluble dietary fibre. Given its natural moisturising properties and the burgeoning trend of ‘food-for-skin’, this ingredient is gradually finding its way into skincare and haircare formulations.
Market Segmentation
The market can be divided based on source, type, and application.
Market Breakup by Source
- Fruits and Vegetables
- Grains and Cereals
- Nuts and Seeds
- Others
Market Breakup by Type
- Inulin
- Pectin
- Others
Market Breakup by Application
- Functional Food and Beverages
- Animal Feed
- Pharmaceuticals
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the market. Some of the major players explored in the report by Expert Market Research are as follows:
- Samyang Corporation
- Daesang Corporation
- Roquette Frères S.A
- Cargill, Incorporated
- Dupont (Nutrition & Biosciences)
- Ingredion Incorporated
- Archer Daniels Midland Company
- Others
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