South Korea Insoluble Dietary Fibers Market Growth, Size, Trends, Demand and Future Outlook
South Korea Insoluble Dietary Fibers Market Size- By Type, By Source, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Aug-2023 | Report ID: FOOD2376 | Pages: 1 - 106 | Formats*: |
| Category : Food & Beverages | |||
South Korea Insoluble Dietary Fibers Market Introduction and Overview
According to SPER Market Research, the South Korea Insoluble Dietary Fibers Market is estimated to reach USD 0.18 billion by 2033 with a CAGR of 7.61%.
The report includes an in-depth analysis of the South Korea Insoluble Dietary Fibers Market, including market size and trends, product mix, distribution channels, and supplier analysis. Another name for insoluble fibre is roughage. It is insoluble by nature and does not dissolve in water, in contrast to soluble fibre. It can be found in a variety of foods, including wheat bran, whole grains, and vegetables. The bulkiness of the insoluble fibre makes the stools easier to travel through the intestine.
- Increasing Health Consciousness: Growing awareness about the importance of a healthy diet and lifestyle has led to an increased demand for functional foods, including insoluble dietary fibers. Consumers are becoming more conscious of their dietary choices and seeking products that promote digestive health and overall well-being.
- Growing Aging Population: South Korea has a rapidly aging population, which is prone to age-related health issues, including digestive problems. Insoluble dietary fibers can be beneficial for the elderly population by supporting proper digestion and preventing constipation. This demographic trend is driving the demand for insoluble dietary fiber products.
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Market Opportunities and Challenges
Numerous variables create opportunities in the South Korea insoluble dietary fiber industry. The growing aging population in South Korea, prone to digestive issues, is driving the demand for insoluble dietary fibers. These fibers support proper digestion and help prevent constipation in the elderly. Additionally, the expanding functional food market in South Korea is incorporating insoluble dietary fibers into products like cereals, snacks, and beverages, enhancing their nutritional value and appealing to health-conscious consumers. As South Korean consumers increasingly adopt healthier lifestyles, focusing on preventive healthcare, the demand for insoluble dietary fibers is rising. These fibers are seen as natural and effective solutions for maintaining digestive health, aligning with the shift in consumer preferences towards healthier choices.
The market does, however, nevertheless encounter some difficulties. Limited product innovation in insoluble dietary fiber products can hinder market growth, as continuous development is necessary to improve taste, texture, and functionality. Price sensitivity among South Korean consumers poses a challenge, as the perception of healthy and functional foods being expensive may deter purchases of insoluble dietary fiber products. Adhering to South Korean food regulations, including labelling and health claims, can be challenging for manufacturers, impacting product formulations and marketing strategies. These regulatory factors may affect market growth in the insoluble dietary fiber industry.
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Market Competitive Landscape
The South Korea insoluble dietary market is characterized by moderate competition, with multiple players operating in the industry. The key players in the South Korea Insoluble Dietary Fibers market include Cargill, Incorporated, Dupont (Nutrition & Biosciences), Ingredion Incorporated, Roquette Frères, Tate & Lyle PLC, and others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Source, By Application |
| Regions covered | Gangwon-do, Gyeongsangnam-do, Jeju Special Self-Governing Province, Rest of South Korea |
| Companies Covered | Cargill, Incorporated, Dupont (Nutrition & Biosciences), Ingredion Incorporated, Roquette Frères, Tate & Lyle PLC, and others |
COVID-19 Impact on South Korea Insoluble Dietary Fibers Market
The accelerated growth of e-commerce during the pandemic positively impacted the South Korea insoluble dietary fibers market. Consumers shifted to online shopping for convenience and safety, resulting in increased sales and market growth as insoluble dietary fiber products became easily accessible online. However, the foodservice sector, including restaurants and cafeterias, experienced disruptions due to lockdowns and restrictions on dine-in services, which had a negative impact on the consumption of insoluble dietary fiber products in foodservice settings.
Key Target Audience
- Aging population
- Functional food consumers
- Health-conscious individuals
- Individuals with digestive disorders
- Online shoppers
- Food and beverage industry
- Others
Our in-depth analysis of the South Korea Insoluble Dietary Fibers Market includes the following segments:
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Key Topics Covered in the Report
- South Korea Insoluble Dietary Fibers Market Size (FY’2023-FY’2033)
- Overview of South Korea Insoluble Dietary Fibers Market
- Segmentation of South Korea Insoluble Dietary Fibers Market By Type (Cellulose, Chitin and Chitosan, Hemicellulose, Lignin, Resistant Starch, Others)
- Segmentation of South Korea Insoluble Dietary Fibers Market By Source (Cereals and Grains, Fruits and Vegetables, Legumes, Others)
- Segmentation of South Korea Insoluble Dietary Fibers Market By Application (Feed, Functional Food and Beverages, Pet Food, Pharmaceuticals)
- Statistical Snap of South Korea Insoluble Dietary Fibers Market
- Expansion Analysis of South Korea Insoluble Dietary Fibers Market
- Problems and Obstacles in South Korea Insoluble Dietary Fibers Market
- Competitive Landscape in the South Korea Insoluble Dietary Fibers Market
- Impact of COVID-19 and Demonetization on South Korea Insoluble Dietary Fibers Market
- Details on Current Investment in South Korea Insoluble Dietary Fibers Market
- Competitive Analysis of South Korea Insoluble Dietary Fibers Market
- Prominent Players in the South Korea Insoluble Dietary Fibers Market
- SWOT Analysis of South Korea Insoluble Dietary Fibers Market
- South Korea Insoluble Dietary Fibers Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the South Korea Insoluble Dietary Fibers Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. South Korea Insoluble Dietary Fibers Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in South Korea Insoluble Dietary Fibers Market
7. South Korea Insoluble Dietary Fibers Market, By Type (USD Million)
7.1. South Korea Insoluble Dietary Fibers Market Value Share and Forecast, By Type, 2023-20337.2. Cellulose7.3. Chitin and Chitosan7.4. Hemicellulose7.5. Lignin7.6. Resistant Starch7.7. Others
8. South Korea Insoluble Dietary Fibers Market, By Source (USD Million)
8.1. South Korea Insoluble Dietary Fibers Market Value Share and Forecast, By Source, 2023-20338.2. Cereals and Grains8.3. Fruits and Vegetables8.4. Legumes8.5. Others
9. South Korea Insoluble Dietary Fibers Market, By Application (USD Million)
9.1. South Korea Insoluble Dietary Fibers Market Value Share and Forecast, By Application, 2023-20339.2. Feed9.3. Functional Food and Beverages9.4. Pet Food9.5. Pharmaceuticals
10. South Korea Insoluble Dietary Fibers Market Forecast, 2019-2033 (USD Million)
10.1. South Korea Insoluble Dietary Fibers Market Size and Market Share
11. South Korea Insoluble Dietary Fibers Market, By Type, 2019-2033 (USD Million)
11.1. South Korea Insoluble Dietary Fibers Market Size and Market Share By Type (2019-2026)11.2. South Korea Insoluble Dietary Fibers Market Size and Market Share By Type (2027-2033)
12. South Korea Insoluble Dietary Fibers Market, By Source, 2019-2033 (USD Million)
12.1. South Korea Insoluble Dietary Fibers Market Size and Market Share By Source (2019-2026)12.2. South Korea Insoluble Dietary Fibers Market Size and Market Share By Source (2027-2033)
13. South Korea Insoluble Dietary Fibers Market, By Application, 2019-2033 (USD Million)
13.1. South Korea Insoluble Dietary Fibers Market Size and Market Share By Application (2019-2026)13.2. South Korea Insoluble Dietary Fibers Market Size and Market Share By Application (2027-2033)
14. South Korea Insoluble Dietary Fibers Market, By Region, 2019-2033 (USD Million)
14.1. South Korea Insoluble Dietary Fibers Market Size and Market Share By Region (2019-2026)14.2. South Korea Insoluble Dietary Fibers Market Size and Market Share By Region (2027-2033)14.3. Gangwon-do14.4. Gyeongsangnam-do14.5. Jeju Special Self-Governing Province14.6. Rest of South Korea
15. Company Profile
15.1. Cargill, Incorporated
15.1.1. Company details15.1.2. Financial outlook15.1.3. Product summary15.1.4. Recent developments
15.2. Dupont (Nutrition & Biosciences)
15.2.1. Company details15.2.2. Financial outlook15.2.3. Product summary15.2.4. Recent developments
15.3. Ingredion Incorporated
15.3.1. Company details15.3.2. Financial outlook15.3.3. Product summary15.3.4. Recent developments
15.4. Roquette Frères.
15.4.1. Company details15.4.2. Financial outlook15.4.3. Product summary15.4.4. Recent developments
15.5. Tate & Lyle PLC
15.5.1. Company details15.5.2. Financial outlook15.5.3. Product summary15.5.4. Recent developments
15.6. Others
16. List of Abbreviations
17. Reference Links
18. Conclusion
19. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
South Korea Insoluble Dietary Fibers Market grew in market size from 2022. The Market is expected to reach USD 0.18 billion by 2033, at a CAGR of 7.61% during the forecast period.
South Korea Insoluble Dietary Fibers Market CAGR of 7.61% during the forecast period.
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South Korea Insoluble Dietary Fibers Market size is USD 0.18 billion from 2023 to 2033.
South Korea Insoluble Dietary Fibers Market Segment is covered By Type, By Source, By Application.
The Asia Pacific is anticipated to have the highest market share in the South Korea Insoluble Dietary Fibers Market.
The key players in the market include Companies Covered Cargill, Incorporated, Dupont (Nutrition & Biosciences), Ingredion Incorporated, Roquette Frères, Tate & Lyle PLC, and others
Limited product innovation in insoluble dietary fiber products can hinder market growth, as continuous development is necessary to improve taste, texture, and functionality. Price sensitivity among South Korean consumers poses a challenge, as the perception of healthy and functional foods being expensive may deter purchases of insoluble dietary fiber products.
South Korea Insoluble Dietary Fibers Market is projected to reach USD 0.18 billion by 2033, growing at a CAGR of 7.61% during the forecast period.
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