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The Asia Pacific insoluble dietary fibers market size is projected to expand at a CAGR of 11.6% during the forecast period, 2021 - 2028. The growth of the market is attributed to growing demand for functional foods, rising consumer awareness regarding the same through government health programs
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Insoluble Dietary Fibers Market - Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast The Asia Pacific insoluble dietary fibers market size is projected to expand at a CAGR of 11.6% during the forecast period, 2021 - 2028. The growth of the market is attributed to growing demand for functional foods, rising consumer awareness regarding the same through government health programs. Changing lifestyle and lack of time have led to high consumption of functional foods in countries around the world, especially in Asia. This, in turn, has increased the intake of fiber. Insoluble dietary fiber content varies in different types of foods. These type of fibers make the digestion easier for consumers. Insoluble fibers are found in whole-grain products, such as wheat, bran, cereals, vegetables, and fruits. These fibers ease the intestine activity, increases satiation, and helps in maintaining body weight. They offer advantage of functional and nutritional food products. Insoluble dietary fibers are highly used in functional food, animal feed, and medicinal products. Market Trends, Drivers, Restraints, and Opportunities Increasing health consciousness among consumers is driving the market growth during the forecast period. The COVID-19 outbreak has encouraged people to lead a healthy lifestyle. This, in turn, has increased the demand for healthy products across the globe, spurring the market growth. High cost of functional food products can hinder the market growth. Rising purchasing power and increasing awareness regarding healthy products through aggressive marketing are expected to foster the market growth. Sedentary lifestyle, increasing number of working women, and increasing issues related to digestion are expected to proliferate the growth of the market in the projected timeline.
Sample - https://growthmarketreports.com/request-sample/1213 Market Segment Insights Cereals & grains segment to account a major market share Based on Sources, the market is divided into fruits & vegetables, cereals & grains, and others. The cereals & grains segment is expected to account for a major market share during the forecast period. The segment growth is attributed to the increasing consumption of cereals and grains of various types across the region owing to their high nutritional value, in terms of insoluble dietary fibers. Pharmaceutical segment to exhibit a high CAGR Based on applications, the market is segregated into functional food and beverages, pharmaceuticals, and animal feed. The pharmaceutical segment is projected to exhibit a high CAGR during the forecasted period. Rising use of insoluble dietary fibers in pharmaceutical products to increase their medicinal value is driving the growth of the market segment. On the other hand, the functional food and beverages segment is expected to grow at a healthy rate owing to increasing awareness about food products through social media. China to account a significant market share Based on geographies, the market is classified as China, Japan, India, Australia, and Rest of Asia Pacific. China is projected to account for a significant market share during the forecast period. China is a lucrative market for insoluble dietary fibers in the region. The country is showing significant development in terms of new product launches and innovations. Major companies are creating strategies and plans for business expansion in order to increase their market penetration and are heavily investing to supplement the production facility in the country. Conversely, the market in India is anticipated to exhibit a robust CAGR owing to rising population and increasing inclination toward consumption of healthy products. Inquiry- https://growthmarketreports.com/enquiry-before-buying/1213 Competitive Landscape The major players include CFF GmbH & Co. KG, Maltexcofood, Cargill Incorporated, DuPont, and Grain Processing Corporation. Major industry players are heavily investing in increasing their production capacity to expand their market share. About Growth Market Reports: GMR provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Industry Intelligence Solutions”. GMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Our key analysis segments, though not restricted to the same, include market entry strategies, market size estimations, market trend analysis, market
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