The soluble dietary fibers market in Asia Pacific is expected to grow from US$ 1,268.88 million in 2021 to US$ 1,818.59 million by 2028; it is estimated to grow at a CAGR of 5.3% from 2021 to 2028.
As per the Department of Health, Australia, soluble fibers such as pectins, gums, and mucilage are significantly sourced from fruits and vegetables, oat bran, barley, seed husks, flaxseed, psyllium, dried beans, lentils, peas, and soy milk and soy products. Apart from the traditional sources of soluble dietary fibers, new sources of soluble dietary fibers have been identified. According to an article published by Multidisciplinary Digital Publishing Institute (MDPI) in 2020, the water-soluble fibers such as mucilage, can also be obtained from aquatic plants, cactus, aloe vera, and okra, as well as glycoproteins from food additives. For instance, an article published by NCBI justifies cactus being rich source of dietary fibers. The water-soluble dietary fiber (SDF) obtained from cactus (opuntia streptacantha) shows a potential to suppress the effect for elevation of postprandial blood glucose level. Similarly, seaweed extracts, such as carrageenan, are also considered one of the essential sources of soluble dietary fibers. Carrageenan is effective in maintaining the cholesterol content in foods, owing to its ability to mimic the texture and sensory qualities of fat, which helps to significantly reduce the total amount of fat in food. Similarly, several studies suggest that soluble dietary fibers can be extracted from brown algae. An article published by NCBI in June 2020 states that the soluble fiber content is comparatively higher in red algae (15–22% dry weight) as in Chondrus and Porphyra. In the wake of rising demand for soluble dietary fibers, several manufacturers are trying to invest and explore new sources of such fibers. For instance, Sobigel is involved in production of superior quality dietary agar possessing solubility of up to 85%, which can regulate intestinal flow, control cholesterol and sugar levels, and manage overweight. Owing to its capacity of absorbing water, it is considered as an ideal ingredient to be used in food supplements and cooking purposes. Hence, the soluble dietary fibers market is expected to flourish with the evolution of new sources.
The COVID-19 pandemic is anticipated to cause a significant economic loss in Asia Pacific. The consequence and impact can be even worse, and they totally depend on the spread of the virus. The Asian economies have been hit hard due to the pandemic. The emergence of new COVID-19 waves in India, Thailand, and other Asian economies has prolonged the effect of pandemic upon GDP. The ongoing COVID-19 pandemic is anticipated to cause huge disruptions in the growth of various industries of Asia Pacific. However, the uncertainty regarding the future outbreak, especially in countries such as India and few other Asian countries, has altered the status of several industrial sectors. The governments of various Asia Pacific economies are taking possible steps to restrict the spread of the virus by announcing country-wide lockdown, which have a direct impact upon the growth of industrial sectors. This may impact the demand for soluble dietary fibers. However, the market is expected to witness an increase in investment by existing players along with penetration of new players to tap the prevailing opportunities as well as cater to soaring demand for natural, healthy, clean-label products in post-pandemic times.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific soluble dietary fibers market. The Asia Pacific soluble dietary fibers market is expected to grow at a good CAGR during the forecast period.
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Asia Pacific Soluble Dietary Fibers Market Segmentation
Asia Pacific Soluble Dietary Fibers Market – By Type
- Inulin
- Pectin
- Beta-glucan
- Polydextrose
- Others
Asia Pacific Soluble Dietary Fibers Market – By Source
- Cereals and Grains
- Fruits and Vegetables
- Others
Asia Pacific Soluble Dietary Fibers Market – By Application
- Food and Beverages
- Animal Nutrition
- Pharmaceuticals and Nutraceuticals
- Others
Asia Pacific Soluble Dietary Fibers Market – By Country
- Australia
- China
- India
- Japan
- South Korea
- Rest of APAC
Asia Pacific Soluble Dietary Fibers Market – Companies Mentioned
- Cargill, Incorporated
- Kerry Group
- Ingredion Incorporated
- Nexira
- Tate & Lyle PLC
- ADM
- IFF Nutrition & Biosciences
- BENEO GmbH
- Roquette Frères
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Asia Pacific Soluble Dietary Fibers – Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinion
5. Asia Pacific Soluble Dietary Fibers Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Elevating Demand for Functional Food
5.1.2 Widening Applications of Soluble Dietary Fibers in Pharmaceuticals and Nutraceuticals
5.2 Market Restraints
5.2.1 Varying Prices of Raw Material
5.3 Market Opportunities
5.3.1 Emergent Sources of Soluble Dietary Fibers
5.4 Future Trends
5.4.1 Fattening Demand for Soluble Dietary Fibers as a Sugar Replacement in Beverages and as a Prebiotic
5.5 Impact Analysis of Drivers and Restraints
6. Asia Pacific Soluble Dietary Fibers – Market Analysis
6.1 Asia Pacific Soluble Dietary Fibers Market Overview
6.2 Asia Pacific Soluble Dietary Fibers Market –Revenue and Forecast To 2028 (US$ Million)
7. Asia Pacific Soluble Dietary Fibers Market Analysis – By Type
7.1 Overview
7.2 Asia Pacific: Soluble Dietary Fiber Market, by Type
7.3 Inulin
7.3.1 Overview
7.3.2 Inulin: Soluble Dietary Fibers Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Pectin
7.4.1 Overview
7.4.2 Pectin: Soluble dietary fibers market – Revenue and Forecast to 2028 (US$ Million)
7.5 Polydextrose
7.5.1 Overview
7.5.2 Polydextrose: Soluble dietary fibers market – Revenue and Forecast to 2028 (US$ Million)
7.6 Beta-glucan
7.6.1 Overview
7.6.2 Beta-glucan: Soluble dietary fibers market – Revenue and Forecast to 2028 (US$ Million)
7.7 Others
7.7.1 Overview
7.7.2 Others: Soluble dietary fibers market – Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Soluble Dietary Fibers Market Analysis – By Source
8.1 Overview
8.2 Asia Pacific: Soluble Dietary Fiber Market, by Source
8.3 Cereals and Grains
8.3.1 Overview
8.3.2 Cereals and Grains: Soluble dietary fibers market – Revenue and Forecast to 2028 (US$ Million)
8.4 Fruits and Vegetables
8.4.1 Overview
8.4.2 Fruits and Vegetables: Soluble dietary fibers market – Revenue and Forecast to 2028 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Soluble dietary fibers market – Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Soluble Dietary Fibers Market Analysis – By Application
9.1 Overview
9.2 Asia Pacific: Soluble Dietary Fiber Market, by Application
9.3 Food and Beverages
9.3.1 Overview
9.3.2 Food and Beverages: Soluble dietary fibers market – Revenue and Forecast to 2028 (US$ Million)
9.4 Animal Nutrition
9.4.1 Overview
9.4.2 Animal Nutrition: Soluble dietary fibers market – Revenue and Forecast to 2028 (US$ Million)
9.5 Pharmaceuticals and Nutraceuticals
9.5.1 Overview
9.5.2 Pharmaceuticals and Nutraceuticals: Soluble dietary fibers market – Revenue and Forecast to 2028 (US$ Million)
9.6 Others
9.6.1 Overview
9.6.2 Others: Soluble dietary fibers market – Revenue and Forecast to 2028 (US$ Million)
10. Asia Pacific Soluble Dietary Fibers Market – Country Analysis
10.1 Overview
10.1.1 Asia Pacific: Soluble Dietary Fibers Market, by Key Country
10.1.1.1 Australia: Soluble dietary fibers market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: Soluble Dietary Fibers Market, by Type
10.1.1.1.2 Australia: Soluble Dietary Fibers Market, by Source
10.1.1.1.3 Australia: Soluble Dietary Fibers Market, by Application
10.1.1.2 China: Soluble dietary fibers market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: Soluble Dietary Fibers Market, by Type
10.1.1.2.2 China: Soluble Dietary Fibers Market, by Source
10.1.1.2.3 China: Soluble Dietary Fiber Market, by Application
10.1.1.3 India: Soluble dietary fibers market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Soluble Dietary Fibers Market, by Type
10.1.1.3.2 India: Soluble Dietary Fibers Market, by Source
10.1.1.3.3 India: Soluble Dietary Fiber Market, by Application
10.1.1.4 Japan: Soluble dietary fibers market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Soluble Dietary Fibers Market, by Type
10.1.1.4.2 Japan: Soluble Dietary Fibers Market, by Source
10.1.1.4.3 Japan: Soluble Dietary Fibers Market, by Application
10.1.1.5 South Korea: Soluble dietary fibers market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Soluble Dietary Fibers Market, by Type
10.1.1.5.2 South Korea: Soluble Dietary Fibers Market, by Source
10.1.1.5.3 South Korea: Soluble Dietary Fibers Market, by Application
10.1.1.6 Rest of Asia Pacific: Soluble dietary fibers market –Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of Asia Pacific: Soluble Dietary Fiber Market, by Type
10.1.1.6.2 Rest of Asia Pacific: Soluble Dietary Fiber Market, by Source
10.1.1.6.3 Rest of Asia Pacific: Soluble Dietary Fibers Market, by Application
11. Asia Pacific Soluble Dietary Fibers Market – Impact of COVID-19 Pandemic
11.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Product Launch
12.2 Strategy and Business Planning
13. Company Profiles
13.1 Cargill, Incorporated
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Kerry Group
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Ingredion Incorporated
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Nexira
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Roquette Frères
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Tate & Lyle PLC
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 ADM
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 IFF Nutrition & Biosciences
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 BENEO GmbH
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. Asia Pacific Soluble Dietary Fibers Market –Revenue and Forecast To 2028 (US$ Million)
Table 2. Australia Soluble Dietary Fibers Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 3. Australia Soluble Dietary Fibers Market, by Source – Revenue and Forecast to 2028 (USD Million)
Table 4. Australia Soluble Dietary Fibers Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 5. China Soluble Dietary Fibers Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 6. China Soluble Dietary Fiber Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 7. India Soluble Dietary Fibers Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 8. India Soluble Dietary Fiber Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 9. Japan Soluble Dietary Fibers Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 10. Japan Soluble Dietary Fibers Market, by Source – Revenue and Forecast to 2028 (USD Million)
Table 11. Japan Soluble Dietary Fiber Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 12. South Korea Soluble Dietary Fiber Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 13. South Korea Soluble Dietary Fibers Market, by Source – Revenue and Forecast to 2028 (USD Million)
Table 14. South Korea Soluble Dietary Fibers Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 15. Rest of Asia Pacific Soluble Dietary Fiber Market, by Type – Revenue and Forecast to 2028 (USD Million)
Table 16. Rest of Asia Pacific Soluble Dietary Fiber Market, by Source – Revenue and Forecast to 2028 (USD Million)
Table 17. Rest of Asia Pacific Soluble Dietary Fiber Market, by Application– Revenue and Forecast to 2028 (USD Million)
Table 18. Glossary of Terms, Soluble Dietary Fibers Market
LIST OF FIGURES
Figure 1. Asia Pacific Soluble Dietary Fibers Market Segmentation
Figure 2. Asia Pacific Soluble Dietary Fibers Market Segmentation – By Country
Figure 3. Asia Pacific Soluble Dietary Fibers Market Overview
Figure 4. Food and Beverage Segment Held Largest Share of Asia Pacific Soluble Dietary Fibers Market
Figure 5. China Held the Largest Share of Asia Pacific Soluble Dietary Fibers Market
Figure 6. Asia Pacific Soluble Dietary Fibers Market, Industry Landscape
Figure 7. Asia Pacific: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Asia Pacific Soluble Dietary Fibers Market Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific: Soluble Dietary Fibers Market – Revenue and Forecast To 2028 (US$ Million)
Figure 11. Asia Pacific: Soluble Dietary Fiber Market Revenue Share, by Type (2020 and 2028)
Figure 12. Inulin: Soluble Dietary Fibers Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. Pectin: Soluble Dietary Fiber – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Polydextrose: Soluble dietary fibers market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Beta-glucan: Soluble dietary fibers market – Revenue and Forecast To 2028 (US$ Million)
Figure 16. Others: Soluble dietary fibers market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Asia Pacific: Soluble Dietary Fiber Market Revenue Share, by Source (2020 and 2028)
Figure 18. Cereals and Grains: Soluble dietary fibers market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Fruits and Vegetables: Soluble dietary fibers market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Others: Soluble dietary fibers market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Asia Pacific: Soluble Dietary Fiber Market Revenue Share, by Application (2020 and 2028)
Figure 22. Food and Beverages: Soluble dietary fibers market – Revenue and Forecast To 2028 (US$ Million)
Figure 23. Animal Nutrition: Soluble dietary fibers market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Pharmaceuticals and Nutraceuticals: Soluble dietary fibers market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Others: Soluble dietary fibers market – Revenue and Forecast To 2028 (US$ Million)
Figure 26. Geographic Overview of Asia Pacific Soluble Dietary Fibers Market
Figure 27. Asia Pacific: Soluble dietary fibers market Revenue Share, by Key Country (2020 and 2028)
Figure 28. Australia: Soluble dietary fibers market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. China: Soluble dietary fibers market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. India: Soluble dietary fibers market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. Japan: Soluble dietary fibers market –Revenue and Forecast to 2028 (US$ Million)
Figure 32. South Korea: Soluble dietary fibers market –Revenue and Forecast to 2028 (US$ Million)
Figure 33. Rest of Asia Pacific: Soluble dietary fibers market –Revenue and Forecast to 2028 (US$ Million)
Figure 34. Impact of COVID-19 Pandemic in Asia Pacific
- Cargill, Incorporated
- Kerry Group
- Ingredion Incorporated
- Nexira
- Tate & Lyle PLC
- ADM
- IFF Nutrition & Biosciences
- BENEO GmbH
- Roquette Frères
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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