Press Release

South Korea Soluble Dietary Fibre Market to Reach Around USD 126.15 Million by 2032, Aided by Growing Demand for Clean Labelled Food Products

South Korea Soluble Dietary Fibre Market

According to a new report by EMR titled, ‘South Korea Soluble Dietary Fibre Market Report and Forecast 2024-2032’, the market attained a value of about USD 87.11 million in 2023. The market is estimated to grow at a CAGR of 4.2% in the forecast period of 2024-2032 to reach a value of around USD 126.15 million by 2032.

The South Korea soluble dietary fibre market expansion is being driven by the growing health consciousness and the rising demand for natural, organic, and health-promoting food and drink items. As a result, leading food manufacturers such as Lotte Chilsung Beverage Co., Ltd. and E&S Co., Ltd. are developing functional foods and beverages while keeping high nutrition content and being free from sugar.

 

Koreans are fond of having an average of 2 to 3 cups of coffee per day. The in-built coffee culture induces key players like Starbucks (NASDAQ: SBUX) to develop zero-sugar coffee mixes and coffee beverages to gain a larger share of the market. Soluble fibres such as inulin and pectin are gaining popularity due to their ability to regulate blood sugar and cholesterol levels. Furthermore, the popularity of fibre-rich foods and supplements has increased due to the prevalence of obesity and other digestive problems in South Korea.

 

In March 2024, Samyang Corporation (KRX: 145990) announced its plans to expand its business to include nutritional food materials such as alternative sweetener allulose, water-soluble dietary fibre, ovarian, and maltodextrin. The company is actively engaged in the development of prebiotic materials such as ovarian igneous maltodextrin and fructooligosaccharide that serve as food for intestinal beneficial bacteria. With a dietary fibre content of over 85%, ovarian Hwaseong maltodextrin is a water-soluble dietary fibre that aids in reducing bowel movements after meals, lowering blood sugar levels, and enhancing blood-neutral lipid levels. Furthermore, fructooligosaccharides can be added to dairy items and chocolate-processed products as a sweetener. By incorporating such soluble dietary fibres, food manufacturers are offering fibre-rich ready-to-eat foods and beverages to consumers.

 

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Market Analysis by Source, Type, and Application:

  • The market, on the basis of source, can be segmented into fruits and vegetables, grains and cereals, and nuts and seeds, among others.
  • Based on type, the market can be segmented into inulin and pectin, among others.
  • The different applications of soluble dietary fibre include functional food and beverages, animal feed, and pharmaceuticals, among others.

 

Key Findings of the Report:

  • In 2020, the prevalence of diabetes among Koreans increased to 13.9%. Soluble dietary fibres decrease the risk of heart disease, cholesterol, and blood sugar levels. The increasing prevalence of chronic diseases aids the South Korea soluble dietary fibre market growth.
  • In 2022, 32.5% of Korean adults were classified as either overweight or obese with a Body Mass Index (BMI) of 25 or above. As a result, the growing body weight loss trend increases the demand for clean-label, organic and speciality functional foods including soluble dietary fibres.
  • Dietary fibres are employed by food formulators to increase the fibre content of processed foods while also improving their texture, appearance, and shelf life. This has increased consumer demand for fibre-containing ingredients due to rising spending on product categories, including dairy, beverages, confections, and bakeries.
  • In 2022, around 2 million Koreans followed vegan or plant-based diets. The growing preference for plant-based diets driven by health, ethical, and environmental concerns increases the demand for additive-free foods with natural fibre content.

 

Key Offerings of the Report:

  • The EMR report gives an overview of the South Korea soluble dietary fibre market for the periods (2018-2023) and (2024-2032).
  • The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the sources, types, and applications of soluble dietary fibre in South Korea.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

 

The major players in the South Korea soluble dietary fibre market are Samyang Corporation, Daesang Corporation, Roquette Frères S.A, Cargill, Incorporated, Dupont (Nutrition & Biosciences), Ingredion Incorporated, and Archer Daniels Midland Company, 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.

 

Key Highlights of the Report

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:

  • Source
  • Type
  • Application
Breakup by Source
  • Fruits and Vegetables
  • Grains and Cereals
  • Nuts and Seeds
  • Others
Breakup by Type
  • Inulin
  • Pectin
  • Others
Breakup by Application
  • Functional Food and Beverages
  • Animal Feed
  • Pharmaceuticals
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Samyang Corporation
  • Daesang Corporation
  • Roquette Frères S.A
  • Cargill, Incorporated
  • Dupont (Nutrition & Biosciences)
  • Ingredion Incorporated
  • Archer Daniels Midland Company
  • Others

 

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