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The South Korea market for oat fibre is experiencing significant growth, primarily driven by the increasing consumer preference for fibre-rich food products. Heightened health awareness has led to a substantial shift towards diets incorporating high levels of dietary fibre. This trend has resulted in a surge in demand for food products infused with oat fibre.
The diversification of oat fibre applications across various industries is another significant factor driving the South Korean oat fibre market growth. Within the nutraceutical sector, oat fibre's cholesterol-lowering and prebiotic properties make it a valuable functional ingredient for dietary supplements. Similarly, the cosmetics industry leverages oat fibre's moisturising and skin-soothing properties to formulate various skincare products.
The growing emphasis on health and wellness has also played a significant role in boosting the demand for oat fibre. This is due to its recognition as a valuable ingredient in weight management supplements, boosting its use by companies like Herbalife (NYSE: HLF).
In August 2023, Nongshim Kellogg announced its expansion into the instant rice market with the launch of 'Whole Oat Rice,' a novel instant rice product made entirely from whole oats. This marks a first for the domestic instant rice sector, as no cereal brand has previously entered this category. Leveraging its extensive expertise in cereal production and nutritional science, Nongshim Kellogg has successfully developed Korea's first whole oat instant rice. This innovative product stands out from traditional offerings by utilising 100% whole oats, eliminating the use of white rice blends.
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The major players in the South Korea oat fibre market are Central Fiber Chemical Inc., InterFiber Ltd., and SunOpta Ingredients Group, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product Type |
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Breakup by Form |
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Breakup by Packaging |
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Breakup by Distribution Channel |
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Breakup by End-Use |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124