South Korea Oat Fibre Market Report and Forecast 2024-2032

South Korea Oat Fibre Market Outlook

The South Korea market size for oat fibre reached a value of around USD 13.88 million in 2023. The South Korea oat fibre market is expected to grow at a CAGR of 7.5% between 2024 and 2032, reaching a value of USD 26.67 million by 2032.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Key Trends in the South Korea Oat Fibre Market

Oat hulls, which are the outermost, inedible seed coverings that envelop the groat, are processed to produce oat fibre. Oat fibre, like psyllium husk powder, is produced by processing the outer husk of oats rather than the oat itself. It improves healthy gut flora, lowers cholesterol and blood glucose levels, and increases satiety.

The South Korea Oat Fibre Market is Thriving Due to its Application in Multiple Industries and Increased Health Benefits

Oat fibre is naturally free of gluten, making it a suitable element for people who have a sensitivity to or allergy to gluten. The need for oat fibre is anticipated to expand as more people start consuming gluten-free food products.  Consumers are now becoming more and more aware of the health benefits of consuming healthy foods. Oat fibre is popular choice among consumers who are concerned about their health because it is high in fibre and protein and low in fat and calories. Factors such as rising disposable income and improved living standards, and urbanisation further aid the demand for oat fibre in the country.

Oat fibre is becoming more and more popular as a result of its numerous uses across several sectors. The demand for oat fibre is rising in the food and beverage business as well as in the animal feed sector due to its many health advantages. It is employed in the bakery sector for manufacturing gluten-free goods. Oat fibre functions as a prebiotic supplement that aids in removing toxins from the colon and lowers the risk of colon cancer. As a result, the market for oat fibre will be driven by all these different applications.

Market Analysis

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Based on product type, the South Korea oat fibre market is segmented into organic and conventional. On the basis of form, the oat fibre market of South Korea is divided into powder and tablet. On the basis of packaging, the oat fibre market of South Korea is bifurcated into pouches, jar, and paper bags, among others. Based on distribution channel, the oat fibre market of South Korea is classified into direct and indirect. On the basis of end-use, the South Korea oat fibre market is segmented into food and beverage, dietary supplement, pharmaceuticals industry, and animal feed/pet food, among others. The food and beverage segmented is sub-segmented into bakery and confectionary, meat products, and beverages, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the South Korea oat fibre market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans. 

• Central Fiber Chemical Inc.

• InterFiber Ltd.

• SunOpta Ingredients Group

• Others

Market Share by Type

The market share of both organic and conventional oat fibre are expected to proliferate during the forecast period owing to the health benefits, rising disposable income and higher living standards. However, Organic oat fibre are steadily becoming a trendy edible product due to the growing inclination toward natural and healthier products in the country. In the coming future both the segments will propel leading to the growth of the market in South Korea.

Market Share by Form

A fine, powdery variety of oat fibre called powered oat fibre is simple to include in foods like baked goods, cereals, and drinks. In order to boost the amount of fibre in a product, it is frequently used as a substitute for flour or other thickeners. The compressed form of oat fibre found in tablets, on the other hand, is usually taken as a nutritional supplement. It is a supplement that can be found in tablet or capsule form and is taken orally to boost dietary fibre consumption. Oats are a good source of both soluble and insoluble fibre, making both types of oat fibre healthy. However, based on the particular requirements of the product or person, their uses and applications can vary.

Market Share by Packaging

Oat fibre can be packaged in a variety of sizes and forms using pouches made of paper, plastic, or foil. Pouches may have zip-lock or resealable advantages to keep the oat fibre fresh and stop moisture from entering the package. Pouches are frequently used for the retail packaging of oat fibre. Another typical form of oat-fibre packaging is jars. It is particularly used for goods that are meant for long-term preservation. Another alternative to oat fibre packaging is paper bags, particularly for large purchases. For packing larger quantities, paper bags are frequently utilised.

Market Share by Distribution Channel

Oat fibre is distributed to the end-user through indirect and direct distribution channels. Indirect distribution channels make use of middlemen, including distributors, wholesalers, and retailers. In order to reach a larger market and increase their clientele, oat fibre producers in South Korea also employ indirect distribution methods. The sale of oat fibre goods directly from the manufacturer to the consumer is referred to as using direct distribution channels. Oat fibre producers benefit from direct channels of distribution since they can exert more control over the flow of goods and the interactions with customers. They may also lower the expenses related to intermediaries. Therefore, during the coming years, online sales channels will continue to flourish in the market.

Market Share by End-Use

In order to boost the fibre content of products, oat fibre is frequently employed in the food and beverage sector. Because it contains a significant amount of both soluble and insoluble fibre, it is a common component in dietary supplements. It is frequently present in products intended to support regularity and digestive health. To enhance the texture and flowability of medicinal formulations, oat fibre can be utilised as an excipient. Furthermore, it can be utilised in tablets, capsules, and other oral dosage forms as a binder, stabiliser, and diluent. Besides that, the pet food industry makes use of oat fibre. It can be utilised as a source of nutritional fibre and to aid in digestion in both dry and wet pet food. Its application in various industries helps in aiding the expansion of the South Korea oat fibre market exponentially.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Competitive Landscape

InterFiber Ltd.- Food fibres of natural origin, including Wheat Fiber, Oat Fiber, Bamboo Fiber, Sugar Cane Fiber, and Powdered Cellulose, are produced by Interfiber Ltd. Together with ISO14001 standard and OHSAS 18001 system certifications, they have also received Kosher, Halal, and FDA certificates. The corporation has subsidiaries in Singapore, the USA, and China, and exports to more than 70 nations worldwide. The company was established in 2008 and its headquarters are in Lipka, Mazowieckie.

SunOpta Ingredients Group- SunOpta Inc., a US-based industry leader, is known for driving the development of fruit- and plant-based foods and drinks worldwide. SunOpta produces natural, organic, and speciality goods that are distributed through the retail and food service industries. In addition to producing its own brands, such as SOWN, Dream, West Life, and Sunrise Growers, SunOpta works as a producer of top natural and private-label products. They sell organic and non-GMO food items. The new SunOpta corporate headquarters and innovation hub are situated in Edina, Minnesota. The company was founded in the year 1973.

Key Highlights of the Report