Analytical Study of Polydextrose in Korea from 2023 to 2033
Consumption of polydextrose in Korea is estimated to exhibit a healthy CAGR of 7.6% through 2033. Sales of polydextrose in Korea are expected to jump from US$ 10.34 million in 2023 to US$ 21.59 million by 2033.
Attributes
Details
Industry Size of Polydextrose in Korea in 2023
US$ 10.34 million
Expected Industry Size of Polydextrose in Korea by 2033
US$ 21.59 million
Forecast CAGR between 2023 to 2033
7.6%
The polydextrose industry in Korea is anticipated to flourish due to various studies conducted to gain clarity about the beneficial effects of polydextrose on gut health. This is expected to boost its applications in the dietary supplements and food processing industry.
The growing focus on lower-risk raw materials to avoid any supply chain disruption in the future is bringing polydextrose into focus. Also, end users are developing polydextrose-based solutions for categories like confectionery, functional beverages, dairy, nutrition bars, etc. The expansion in these applications is projected to increase the industry growth of polydextrose in Korea.
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Top Trends Raising the Sales of Polydextrose in Korea
The remarkable versatility of polydextrose, owing to its tastelessness, is increasing its usage in the food processing industry. These factors have also been instrumental in the high uptake of polydextrose in animal feed, dietary supplements, and other applications.
Consumers in Korea are inclined toward health-promoting food choices. This shift in patterns is lifting the sales of polydextrose as it is high in fiber and low in calories, thus elevating the nutritional content of any food product.
Surging health concerns and the emerging trend of clean-label products are also positively influencing the sales of polydextrose.
Comparative View of Adjacent Polydextrose in Key Markets
Following table gives a sneak peek into scope of polydextrose in Korea, Japan, and globally. As per this analysis, sales of polydextrose in Japan are rising at an average pace, reaching beyond 2X sales obtained by Korea. Food and beverage manufacturers in Japan are famous for their distinct food choices. Thus, creating lucrative prospects for polydextrose suppliers.
Global demand for polydextrose is projected to observe a gradual increase. Increasing consumers of low-calorie food items has been crucial for the overall industry growth. Food manufacturers are thus utilizing polydextrose in various foods like confectionery, baked goods, functional beverages, etc. to improve their nutritional profile.
The outlook for the polydextrose industry in Korea remains positive, even in light of the comparative sales figures with Japan and the global market. The potential for increased adoption in various food categories positions the industry for continued success in the Korean market.
Industry Analysis of Polydextrose in Korea:
Attributes
Industry Analysis of Polydextrose in Korea
Korea’s CAGR between 2023 to 2033
7.6%
Industry Size of Korea in 2023
US$ 10.34 million
Key Trends
Expansion in the low-calorie food category.
Industry Analysis of Polydextrose in Japan:
Attributes
Industry Analysis of Polydextrose in Japan
Japan’s CAGR between 2023 to 2033
6.6%
Industry Size of Japan in 2023
US$ 25.3 million
Key Trends
Rising demand for prebiotic ingredients-based products.
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Category-wise Insights
Powdered Polydextrose Holds Prominence in Korea
Leading Form
Powder
Value Share % (2023)
87.1%
Powder polydextrose is the top-performing segment that has a stake of 87.1% in the polydextrose industry in Korea in 2023. Powdered polydextrose is highly adaptable across diverse food applications, like baked goods, frozen desserts, confectionery, and beverages.
End users also choose powdered form over liquid due to its prolonged shelf life and cost-efficiency. However, polydextrose liquid is expected to gain a larger market share in the coming years, driven by its convenience of use.
Food Processing Industry Seizes a Significant Share of Polydextrose in Korea
Leading End Use Application
Food Processing Industry
Value Share % (2023)
73.8%
The food processing industry is the leading consumer of polydextrose in Korea. As per latest study conducted by our analysts, the segment contributed 73.8% value share in 2023. The emerging trend of clean-label food products is creating opportunities for the food processing industry, consequently driving the demand for polydextrose.
Consumers in Korea are conscious toward their health and seek healthy food options. This is promoting the sales of polydextrose as it is an effective substitute for fat and sugar in multiple food products. The increasing dissemination of information regarding polydextrose's health benefits, such as improved gut health, is further contributing to its growing utilization.
Food processing industry also uses polydextrose to elevate the texture of different food products. This leads to its deployment in sauces, puddings, frozen desserts, and other applications, adding a creamy texture to food items.
Key Tactics Employed by Manufacturers of Polydextrose in Korea
Key players offering polydextrose in Korea are focusing on establishing robust distribution networks and forming partnerships with leading distributors. This strategy enables broader product accessibility and reach, extending even beyond borders. Moreover, players are partnering and collaborating with other industry players, including technology providers, food manufacturers, and research institutions. This, in turn, creates expansion opportunities for polydextrose suppliers.
Leading players are further investing in research and development activities to drive innovations and product advancements. Additionally, competitors are strategically merging and acquiring smaller companies to obtain latest technologies, more access, and industry share. This empowers companies to achieve economies of scale and elevate overall competitiveness.
For deeper industry penetration, players are focusing on building consumer trust via adherence to regulatory standards and guidelines for food safety. Firms are thus actively involved in maintaining compliance with changing regulations. Furthermore, industry leaders are waking up to the growing importance of effective customer relationships to retain and attract more customers.
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New Occurrences in the Field of Polydextrose in Korea
In December 2023, Samyang banks on specialty and biotech ingredients as the world is dealing with supply chain challenges. Presently, the sugar prices are at a ten-year high. Thus, creating prospects for healthy sugar substitutes.
In October 2022, Aji no Shinai Ame (tasteless candy), composed of organic sugar substitute erythritol and synthetic sugar substitute polydextrose, was made available at Lawson convenience store. The product is sold exclusively via Lawson convenience stores and offers a general absence of taste.
Detailed Profiles of Leading Players Providing Polydextrose in Korea
Company Name
Company Particulars
Dongwon F&B
Dongwon F&B resulted from the food division of Dongwon Industries. This spinoff company originated in November 2000 as a firm that specializes in food products. Dongwon F&B is based on corporate philosophy that healthy food is the best medicine. The firm is growing to become #1 in food culture field.
Kyowa Hakko Bio Co., Ltd.
It is an international ingredients manufacturer that provides health solutions. These solutions facilitate optimal health for increased quality of life.
Samyang Genex Co., Ltd.
Samyang Genex Co., Ltd. primarily manufactures starch-based products and corn sweeteners. The company headquarters are in Korea, and was incorporated in 1964. It commonly produces modified starch, sorbitol, maltitol, fructose, starch syrup, etc. These products find extensive use in varied industries like pharmaceutical, food, textile, and cosmetics. The company distributes its products under the brand name “Q1”.
Key Players Providing Polydextrose in Korea
Dongwon F&B
Kyowa Hakko Bio Co., Ltd.
Samyang Genex Co., Ltd.
CJ CheilJedang Corp.
Wellcom Korea Co., Ltd.
Others
Scope of Korea Polydextrose Industry Report
Attribute
Details
Estimated Industry Size of Polydextrose in Korea in 2023
US$ 10.34 million
Projected Industry Size by 2033
US$ 21.59 million
Anticipated CAGR between 2023 to 2033
7.6% CAGR
Historical Analysis of Demand for Polydextrose in Korea
2018 to 2022
Demand Forecast for Polydextrose in Korea
2023 to 2033
By Form
Powder Form
Liquid Form
By End Use
Food Processing Industry
Bakery and Confectionery
Breakfast Cereals
Snacks and Bars
Dairy Products
Desserts and Ice Cream
Soups, Sauces, and Dressings
Spreads and Fillings
Beverages and Dairy Drinks
Dietary Supplements
Animal Feed and Pet Food
Others
Report Coverage
Industry Size, Industry Trends, Analysis of Key Factors Influencing Polydextrose Consumption in Korea, Insights on Korea Players and their Industry Strategy in Korea, Ecosystem Analysis of Local and Regional Korea Providers
Key Companies Profiled
Dongwon F&B
Kyowa Hakko Bio Co., Ltd.
Samyang Genex Co., Ltd.
CJ CheilJedang Corp.
Wellcom Korea Co., Ltd.
Others
Segments Covered in Korea Polydextrose Industry Analysis
By Form:
Powder Form
Liquid Form
By End Use:
Food Processing Industry
Bakery and Confectionery
Breakfast Cereals
Snacks and Bars
Dairy Products
Desserts and Ice Cream
Soups, Sauces, and Dressings
Spreads and Fillings
Beverages and Dairy Drinks
Dietary Supplements
Animal Feed and Pet Food
Others
By Province:
South Gyeongsang
North Jeolla
South Jeolla
Jeju
Frequently Asked Questions
At What Rate is the Polydextrose Industry Growing in Korea?
The anticipated CAGR through 2033 is 7.6%.
How Big will the Polydextrose Industry be in Korea?
Demand for polydextrose in Korea is expected to surpass US$ 21.59 million by 2033.
What is the Key Strategy that Polydextrose Providers in Korea Adopting?
Mergers and acquisitions are expected to be an effective strategy for leading providers.
Which Form of Polydextrose is Highly Preferred in Korea?
Polydextrose in powdered form is highly favored in Korea.
Which End Use Application Takes Up a Significant Share?
The food processing industry significantly uses polydextrose.
Table of Content
1. Executive Summary
1.1. Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Industry Analysis and Outlook 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Form
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Form, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Form, 2023 to 2033
5.3.1. Powder Form
5.3.2. Liquid Form
5.4. Y-o-Y Growth Trend Analysis By Form, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Form, 2023 to 2033
6. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By End Use
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By End Use, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By End Use, 2023 to 2033
6.3.1. Bakery & Confectionery
6.3.2. Breakfast Cereals
6.3.3. Snacks & Bars
6.3.4. Dairy Products
6.3.5. Desserts & Ice Cream
6.3.6. Soups, Sauces, & Dressings
6.3.7. Spreads & Fillings
6.3.8. Beverages & Dairy Drinks
6.3.9. Dietary Supplements
6.3.10. Animal Feed and Pet Food
6.3.11. Others
6.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033
7. Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2023 to 2033
7.3.1. South Gyeongsang
7.3.2. North Jeolla
7.3.3. South Jeolla
7.3.4. Jeju
7.3.5. Rest of Korea
7.4. Market Attractiveness Analysis By Region
8. South Gyeongsang Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Form
8.2.2. By End Use
8.3. Market Attractiveness Analysis
8.3.1. By Form
8.3.2. By End Use
8.4. Key Takeaways
9. North Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Form
9.2.2. By End Use
9.3. Market Attractiveness Analysis
9.3.1. By Form
9.3.2. By End Use
9.4. Key Takeaways
10. South Jeolla Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Form
10.2.2. By End Use
10.3. Market Attractiveness Analysis
10.3.1. By Form
10.3.2. By End Use
10.4. Key Takeaways
11. Jeju Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Form
11.2.2. By End Use
11.3. Market Attractiveness Analysis
11.3.1. By Form
11.3.2. By End Use
11.4. Key Takeaways
12. Rest of Industry Analysis and Outlook 2018 to 2022 and Forecast 2023 to 2033
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Form
12.2.2. By End Use
12.3. Market Attractiveness Analysis
12.3.1. By Form
12.3.2. By End Use
12.4. Key Takeaways
13. Market Structure Analysis
13.1. Competition Dashboard
13.2. Competition Benchmarking
13.3. Market Share Analysis of Top Players
13.3.1. By Regional
13.3.2. By Form
13.3.3. By End Use
14. Competition Analysis
14.1. Competition Deep Dive
14.1.1. CJ CheilJedang Corp
14.1.1.1. Overview
14.1.1.2. Product Portfolio
14.1.1.3. Profitability by Market Segments
14.1.1.4. Sales Footprint
14.1.1.5. Strategy Overview
14.1.1.5.1. Marketing Strategy
14.1.1.5.2. Product Strategy
14.1.1.5.3. Channel Strategy
14.1.2. Samyang Corporation
14.1.2.1. Overview
14.1.2.2. Product Portfolio
14.1.2.3. Profitability by Market Segments
14.1.2.4. Sales Footprint
14.1.2.5. Strategy Overview
14.1.2.5.1. Marketing Strategy
14.1.2.5.2. Product Strategy
14.1.2.5.3. Channel Strategy
14.1.3. Tate & Lyle PLC
14.1.3.1. Overview
14.1.3.2. Product Portfolio
14.1.3.3. Profitability by Market Segments
14.1.3.4. Sales Footprint
14.1.3.5. Strategy Overview
14.1.3.5.1. Marketing Strategy
14.1.3.5.2. Product Strategy
14.1.3.5.3. Channel Strategy
14.1.4. Danisco (DowDuPont Inc.)
14.1.4.1. Overview
14.1.4.2. Product Portfolio
14.1.4.3. Profitability by Market Segments
14.1.4.4. Sales Footprint
14.1.4.5. Strategy Overview
14.1.4.5.1. Marketing Strategy
14.1.4.5.2. Product Strategy
14.1.4.5.3. Channel Strategy
14.1.5. Cargill Inc.
14.1.5.1. Overview
14.1.5.2. Product Portfolio
14.1.5.3. Profitability by Market Segments
14.1.5.4. Sales Footprint
14.1.5.5. Strategy Overview
14.1.5.5.1. Marketing Strategy
14.1.5.5.2. Product Strategy
14.1.5.5.3. Channel Strategy
14.1.6. The Scoular Company
14.1.6.1. Overview
14.1.6.2. Product Portfolio
14.1.6.3. Profitability by Market Segments
14.1.6.4. Sales Footprint
14.1.6.5. Strategy Overview
14.1.6.5.1. Marketing Strategy
14.1.6.5.2. Product Strategy
14.1.6.5.3. Channel Strategy
14.1.7. Baolingbao Biology
14.1.7.1. Overview
14.1.7.2. Product Portfolio
14.1.7.3. Profitability by Market Segments
14.1.7.4. Sales Footprint
14.1.7.5. Strategy Overview
14.1.7.5.1. Marketing Strategy
14.1.7.5.2. Product Strategy
14.1.7.5.3. Channel Strategy
14.1.8. Golden Grain Group Limited.
14.1.8.1. Overview
14.1.8.2. Product Portfolio
14.1.8.3. Profitability by Market Segments
14.1.8.4. Sales Footprint
14.1.8.5. Strategy Overview
14.1.8.5.1. Marketing Strategy
14.1.8.5.2. Product Strategy
14.1.8.5.3. Channel Strategy
14.1.9. Foodchem International Corporation
14.1.9.1. Overview
14.1.9.2. Product Portfolio
14.1.9.3. Profitability by Market Segments
14.1.9.4. Sales Footprint
14.1.9.5. Strategy Overview
14.1.9.5.1. Marketing Strategy
14.1.9.5.2. Product Strategy
14.1.9.5.3. Channel Strategy
14.1.10. Henan Tailijie Biotech Co., Ltd.
14.1.10.1. Overview
14.1.10.2. Product Portfolio
14.1.10.3. Profitability by Market Segments
14.1.10.4. Sales Footprint
14.1.10.5. Strategy Overview
14.1.10.5.1. Marketing Strategy
14.1.10.5.2. Product Strategy
14.1.10.5.3. Channel Strategy
15. Assumptions & Acronyms Used16. Research Methodology
