Asia-Pacific Insoluble Dietary Fibers Market - Growth, Trends, and Forecast (2018 - 2023)
The Asian-Pacific insoluble dietary fibers market is estimated to be valued at USD 456.4 million in 2018 and is projected to reach USD 744.4 million by 2023, at a CAGR of 10.8% during the forecast period of 2018–2023. Insoluble dietary fibers are known for their water absorption capabilities. They make the digestive process easier for the consumers. Insoluble fiber is found in whole-grain products, such as wheat bran cereal, vegetables, and fruits. It provides bulk for stool formation and helps wastes move quickly through the colon. They ease the intestine activity, increase satiation and help in maintaining a healthy weight. They offer the advantage of functional characteristics and nutritional regime with health benefits. They are highly used in functional food, feed industries, and pharmaceutical industries.
The Asia-Pacific region is the major market for insoluble dietary fiber. Europe and North America are anticipated to follow Asia-Pacific, on account of increasing demand for health and dietary supplements. Health awareness is the major driver fueling the market as the consumers face many intestinal issues or gastric issues with the consumption of unhealthy food due to a busy lifestyle. The Asia-Pacific insoluble dietary fiber market has the highest projected growth rate as it is still a developing region and has a huge platform for growth.
The reason for the tremendous growth of insoluble dietary fiber market in the Asia-Pacific region is based on changing lifestyle, busy work culture, and increasing health issues. The market for innovations and manufacturing of insoluble dietary fiber products will increase in years to come. Health awareness among the population has increased, and even government regulations for increased fiber intake and usage have resulted in the overall growth of the insoluble dietary fiber market. The main restraint to the insoluble dietary fiber market in Asia-Pacific is due to the delayed regulatory standards for approvals, lack of organization in the supply chain, and less awareness of the various benefits of insoluble dietary fibers.
China is projected to be the fastest growing market for insoluble dietary fibers in Asia-Pacific, followed by Japan. Other health issues such as coronary heart disorder, diabetes, obesity, and cholesterol have added to the market, as consumers prefer to intake products that have health benefits. The lifestyle and eating habits of the Indian population has changed in past few years affecting the health of the people. This invites the insoluble dietary market to enhance its presence to overcome health concerns.
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 adopt several strategies like acquiring small-scale firms to expand their presence and investing more in R&D to increase their market share.