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The South Korea soluble dietary fibre market size reached a value of more than USD 83.6 million in 2022. The South Korea soluble dietary fibre industry is expected to grow at a CAGR of 4.20% between 2023 and 2028, reaching a value of USD 87.1 million by 2028.
The indigestible component of plant matter known as dietary fibre is divided into two primary categories. In the gastrointestinal tract, soluble fibre creates viscous gels because it is easily dissolved in water and dispersible in it. As food passes through the gastrointestinal system, insoluble fibre is retained intact because it does not dissolve in water. Several food items, such as peas, oats, apples, citrus fruits, carrots, and psyllium, among others, contain soluble fibre.
The COVID-19 pandemic resulted in a drastic shift in the dietary habits of people, and they became much more inclined towards natural food items that are healthy as well as environmentally friendly. People have started putting their health first by opting for healthy and functional foods to improve their immunity and stay fit. Therefore, the pandemic created numerous growth opportunities for the companies to cater to this need and launch more organic, natural, clean-label food items that are also high in soluble fibre. Although the market experienced a slowdown in terms of transportation and supply during the temporary lockdown and quarantine period, it is now reviving and is expected to continue growing steadily during the mentioned forecast period.
The term "lifestyle disorders" refers to conditions whose development is mostly dependent on a person's daily routine and results from an unsuitable interaction between that person and their surroundings. Bad eating habits, inactivity, poor posture, and a disrupted biological clock are the major causes of lifestyle illnesses. The western way of life, which is defined by frequent consumption of fast food and prolonged usage of TV, smartphones, and computers, is having a negative impact on both children and adults and is leading to an increase in the number of overweight and sedentary individuals with several sedentary disorders. Several lifestyle disorders, such as diabetes, hypertension, and obesity, among others, are on the rise, which is increasing the demand for food products with high fibre content and thus aiding the soluble dietary fibre market in South Korea.
An average person in South Korea tends to work up to 55 hours per week, which makes them one of the busiest nations in the world. Hustle culture in South Korea generally requires employees to work longer hours than in comparison with other countries within the Organization for Economic Co-operation and Development (OECD). Average working hours in Korea are 17% higher than the OECD average. This busy lifestyle motivates consumers to opt for healthy food options in order to maintain their health status. This factor encourages the consumption of soluble fibre-rich foods, thereby boosting the market for soluble dietary fibre in South Korea. Moreover, High disposable income and improved standard of living also aid in the development of soluble dietary fibre in the country.
Since soluble fibres of all kinds delay digestion, your body takes longer to absorb glucose from the meals consumed. This aids in preventing abrupt blood sugar fluctuations, a crucial aspect of diabetes management. Additionally, soluble fibres bond with fatty acids, eliminating them from the body and assisting in the reduction of LDL (bad) cholesterol. Low-density lipoprotein, or "bad," cholesterol levels may be decreased by soluble fibre contained in beans, oats, flaxseed, and oat bran, which may help lower overall blood cholesterol levels. Aside from lowering blood pressure and inflammation, studies have suggested that high-fibre meals may have additional heart-health advantages. However, if dietary modifications are insufficient for certain people or if they suffer from problems like diarrhoea, constipation, or irritable bowel syndrome, they may still require a fibre supplement. Consuming a fibre-rich diet or supplements also aids in the prevention of cardiovascular disease, hypertension, type 2 diabetes, and other diseases. These disease-prevention properties bolster the consumption of high-fibre foods, thereby augmenting the growth of the soluble dietary fibre market in South Korea.
Based on Source, the South Korea soluble dietary fibre market of South Korea is segmented into fruits and vegetables, grains and cereals, and nuts and seeds, among others. On the basis of types, the soluble dietary fibre market of South Korea can be bifurcated into inulin and pectin, among others. Based on applications, the South Korea soluble dietary market can be divided into functional food and beverages, animal feed, and pharmaceuticals, among others.
The rising awareness regarding ways to maintain physical health and the consumption of fruits and vegetables, grains and cereals, nuts, and seeds, among other dietary fibre sources, has steadily increased. The concept of a balanced diet is now well accepted, which has resulted in adequate consumption of all food groups among all ages. Apart from vegetables and fruits, nuts and seeds, and cereals, consumption is soaring due to the numerous amounts of nutrients present in them, such as high protein, fibre, antioxidants, vitamins, minerals, and unsaturated fats, among others. The balanced consumption of them also aids in preventing micronutrient deficiencies and many non-communicable diseases, which will provide significant impetus to the growth of all segments in the soluble dietary fibre industry of South Korea.
With the rising prevalence of smartphone and internet usage, people are now aware of the health benefits of consuming a high-fibre diet. Many health-conscious people often include a high-soluble fibre diet, which helps reduce their appetite and promotes the process of losing fat. This factor has greatly increased the sales of inulin and pectin, among other soluble fibres in the market.
Numerous plant-based foods include inulin, a prebiotic fibre. Enzymes necessary for breaking down inulin are not produced by the human body. Food moves through the digestive tract to the large intestine, where it nourishes gut bacteria, rather than being digested in the stomach and small intestine. In addition to supplements, inulin may be found in a variety of fruits and vegetables, including onions and garlic. Pectin and dietary fibres in general are thought to provide several health benefits, including improved stomach emptying, improved physical bowel function, increased faecal bulk, and reduced glucose and cholesterol absorption. Pectin is a known prebiotic that is resistant to pepsin, trypsin, and rennet and is not broken down by either human saliva or stomach acid. Pectins from various sources, such as apples or citrus, have been shown in several studies to be beneficial carbon sources for gut flora. Because of these advantages, both types appear to have continued positive growth in the forecast period.
This market's quick expansion is ascribed to a number of factors, including its effectiveness in lowering costs and adverse effects as well as the rising popularity of oral doses over injection methods. The majority of people obtain both forms of fibre via their diets and supplements. The vitamin may be obtained by people from fruits, vegetables, nuts, legumes, and grains. To increase the amount of fibre in supplements or fortified meals and beverages, "functional" fibre is taken from its natural sources. Fibre supplements can assist close the gap when a person's diet falls short of meeting their needs. Furthermore, research indicates that the majority of individuals only consume around half of the recommended daily intake of fibre, which is insufficient for most people. This drives the sales of functional food and beverages and pharmaceuticals, among others. The diverse applications of soluble dietary fibre boost its demand in numerous industries such as pet care, pharmaceuticals, functional food and beverages, among others, thus aiding the growth of the soluble dietary fibre market in South Korea.
Samyang Corporation - The Samyang Corporation is a multifaceted organization. The company's main areas of interest include chemicals, including engineering plastics, which include industrial fibres, plastic bottles, and ion exchange resins, as well as the food industry, which includes sugar, flour, baking mixes, vegetable oils, margarine, etc. Samyang Group has expanded into the wheat milling, sugar manufacturing, and synthetic fibre markets since the firm was founded in 1924. By providing food, clothes, and shelter, the company has significantly aided in raising the standard of living in Korea and the growth of the national economy.
Daesang Corporation - Daesang Corporation produces culinary spices, fermentations, sugars, starches, coffee, fodder, and bulk medicinal components. The business also builds infrastructure, environmental facilities, and commercial structures. Daesang Corporation was founded in 1956 using only domestic resources and technology. For 60 years, the firm has been ranked as one of the top three fermentation-only companies in the world and the best general food company in Korea.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Source||
|Breakup by Type||
|Breakup by Application||
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 South Korea Soluble Dietary Fibre Market Analysis
8.1 Key Industry Highlights
8.2 South Korea Soluble Dietary Fibre Historical Market (2018-2022)
8.3 South Korea Soluble Dietary Fibre Market Forecast (2023-2028)
8.4 South Korea Soluble Dietary Fibre Market by Source
8.4.1 Fruits and Vegetables
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.4.2 Grains and Cereals
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
8.4.3 Nuts and Seeds
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.5 South Korea Soluble Dietary Fibre Market by Type
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
8.6 South Korea Soluble Dietary Fibre Market by Application
8.6.1 Functional Food and Beverages
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
8.6.2 Animal Feed
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2018-2022)
22.214.171.124 Forecast Trend (2023-2028)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2018-2022)
184.108.40.206 Forecast Trend (2023-2028)
9 Market Dynamics
9.1 SWOT Analysis
9.2 Porter’s Five Forces Analysis
9.2.1 Supplier’s Power
9.2.2 Buyer’s Power
9.2.3 Threat of New Entrants
9.2.4 Degree of Rivalry
9.2.5 Threat of Substitutes
9.3 Key Indicators for Demand
9.4 Key Indicators for Price
10 Value Chain Analysis
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Samyang Corporation
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
11.2.2 Daesang Corporation
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
11.2.3 Roquette Frères S.A
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
11.2.4 Cargill, Incorporated
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
11.2.5 Dupont (Nutrition & Biosciences)
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
11.2.6 Ingredion Incorporated
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
11.2.7 Archer Daniels Midland Company
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
12 Key Trends and Developments in the Market
List of Key Figures and Tables
1. South Korea Soluble Dietary Fibre Market: Key Industry Highlights, 2018 and 2028
2. South Korea Soluble Dietary Fibre Historical Market: Breakup by Source (USD Million), 2018-2022
3. South Korea Soluble Dietary Fibre Market Forecast: Breakup by Source (USD Million), 2023-2028
4. South Korea Soluble Dietary Fibre Historical Market: Breakup by Type (USD Million), 2018-2022
5. South Korea Soluble Dietary Fibre Market Forecast: Breakup by Type (USD Million), 2023-2028
6. South Korea Soluble Dietary Fibre Historical Market: Breakup by Application (USD Million), 2018-2022
7. South Korea Soluble Dietary Fibre Market Forecast: Breakup by Application (USD Million), 2023-2028
8. South Korea Soluble Dietary Fibre Market Structure
In 2022, the South Korea soluble dietary fibre market attained a value of nearly USD 83.6 million.
The market is projected to grow at a CAGR of 4.20% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach USD 87.1 million by 2028.
The growing preference for organic and natural food products, hectic lifestyle and longer working hours, rising disposable income, high standard of living are the key drivers in south Korea soluble dietary fibre market.
Growing aliments, sedentary ways of living, and lifestyle disorders are the key trends in the soluble dietary fibre industry.
The dominant type of soluble dietary fibre in the industry are inulin and pectin, among others.
The major players in the South Korea soluble dietary fibre industry are Samyang Corporation, Daesang Corporation, Roquette Frères S.A, Cargill, Incorporated, Dupont (Nutrition & Biosciences), Ingredion Incorporated, Archer Daniels Midland Company, among others.
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