PUBLISHER: Inkwood Research | PRODUCT CODE: 1178356
PUBLISHER: Inkwood Research | PRODUCT CODE: 1178356
The Asia-Pacific dietary fibers market is set to record a CAGR of 8.85% in terms of revenue and 8.71% in terms of volume during the forecast period, 2023-2032. The market growth is accredited to emerging sources of dietary fibers like cactus, okra, aloe vera, and aquatic plants.
Taiwan, South Korea, India, Indonesia, Australia & New Zealand, Singapore, Japan, China, and Rest of Asia-Pacific are evaluated for the Asia-Pacific dietary fibers market growth assessment. In South Korea, the prevalence of obesity and constipation have resulted in an increased preference for low-calorie food products. Also, the country's population is inclined toward healthy products associated with gut wellness. In addition, the rising use of dietary fibers in medicines offers growth opportunities. Some of the major dietary fiber source foods include white rice and cabbage kimchi. Besides, the increasing use of dietary fiber in the food & beverage industry and its applications in the pharmaceutical industry.
In Taiwan, heart disease is among the primary causes of death. Accordingly, the growing incidence of cardiovascular diseases and Type 2 diabetes are expected to contribute to market growth. Also, increasing awareness about the usage of dietary fibers to minimize health-related risks benefits market growth. In addition, the country has a thriving beverage market and a flourishing food processing industry. This is estimated to propel fiber fortification for lowering the risk of heart disease and diabetes. Such factors drive market growth in these countries.
Some of the prominent companies in the market include Tate & Lyle, Taiyo International, PURIS, Roquette Freres, etc.