Global Inulin Market By Type (Jerusalem artichoke Inulin, Chicory Inulin, and Agave Inulin), By Application (Pharmaceutical, Dietary Supplements, Food & Beverage, Cereals, Bakery & Confectionery Products, Meat Products, Sports Drinks, Dairy Products, and others) and Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) and – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2023 –2028)
Inulin Market size was valued at USD 1155.61 Million in 2023 and is expected to reach USD 1593.20 Million by the end of 2028, with growth at a CAGR of 6.3% .
The growing popularity of prebiotic ingredients fuels the demands of the North American inulin Market, due to rising knowledge regarding low fat and calorie reduction. Asia-Pacific Inulin Market is the fastest-expanding region in the global market.Inulin is a starchy component present in a variety of fruits, vegetables, and plants. Onions, wheat, leeks, artichokes, bananas, and asparagus are examples of foods that contain inulin. By definition, inulin is a collection of polysaccharides generated by a variety of plant species. In the case of industries, chicory is used to extract inulin. Insulin can be used for various purposes, including weight reduction to treat diarrhea, diabetes, and constipation. These benefits of inulin are propelling the global market forward.
In April 2017, BENEO and RaffinerieTirlemontoise launched a modernized laboratory in Belgium. In addition, they have donated 5 million Euros to demonstrate how important R&D is to both partners.
Three new organizations, Zhejiang International Cooperation, Zhejiang, and Hangzhou Educational Counseling Firm, received fresh bids from Shandong Baolingbao Biotechnology Co Ltd. in April 2016.
REPORT COVERAGE:
| REPORT METRIC | DETAILS |
| Market Size Available | 2022–2028 |
| Base Year | 2022 |
| Forecast Period | 2023-2028 |
| CAGR | 6.3% |
| Segments Covered | By Application, Type and Region |
| Various Analyses Covered | Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
| Regions Covered | North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled | Steviva Brands, Inc, Cargill IncorporatedBENEO-Orafti SA, CosucraGroupeWarcoing SA, THE iiDEA COMPANY, Sensus B.V, Naturel West Corp EU B.V, NOW Health Group, Inc, The Tierra Group, The Green Labs LLC, PMV Nutrient Products Pvt. Ltd, Jarrow Formulas, Inc, TrooFoods Ltd and Others. |
The global inulin industry is projected to expand because prebiotic ingredients are becoming easier to include in the food and beverage sector. Inulin is increasingly being utilized to formulate dairy products such as yogurts, cheeses, and ice creams. The dairy industry is projected to be a significant driver of the inulin market in the next six years. Increased awareness of low-calorie and sugar-reduction diets due to growing diabetes incidence is projected to propel the market forward over the forecast period.
Increased demand for inulin as a functional component is projected to fuel by the growing importance of nutraceuticals due to increased health awareness. Inulin helps increase the activity of certain helpful bacteria, limiting the growth of harmful bacteria, resulting in improved colon health. On the analysis by U.S. Food and Drug Administration, inulin has been designated as a GRAS (generally recognized as safe) substance and paving the door for its usage in pharmaceutical applications.
Over the projected period, rising demand for replacement prebiotic components such as MOS and GOS is likely to pose a serious threat to market growth. In addition, because of the availability of chicory roots in Europe, businesses are likely to develop manufacturing facilities there. Growing chicory roots in the Hebei area of China, on the other hand, is projected to provide raw material supply for market participants in the region.
Growing domestic demand for dairy products in China, India, Indonesia, and Malaysia is projected to contribute to market expansion significantly. In addition, over the projection period, raising concerns about gut health due to an increase in the frequency of gastrointestinal tract disorders projected to boost prebiotic demand.
Demand for nutritional supplements is increasing, as is the incidence of diabetes mellitus. However, the substantial R&D costs involved with the production of prebiotics are likely to limit market expansion. Furthermore, the introduction of alternatives in animal feed, such as phytogenic, is expected to stifle market demand in the near future.
The global inulin market is classified into depending on Type, and Application. Based on Type, the market is further divided into Chicory Inulin, Jerusalem Artichoke Inulin, and Agave Inulin. Depending on the application segment, the market is divided into Dietary Supplements. Food & Beverage, Bakery & Confectionery Products, Cereals, Meat Products, Dairy Products, Sports Drinks, Pharmaceutical, and others
Depending on the application segment, the market is divided into Dietary Supplements. Food & Beverage, Bakery & Confectionery Products, Cereals, Meat Products, Dairy Products, Sports Drinks, Pharmaceutical, and others. Food & beverage is anticipated to be the most crucial application sector during the forecast period because of the increasing relevance of functional ingredients for enhancing gut health function and lowering sugar levels. Therefore, food & beverage is anticipated to be the most crucial application sector during the forecast period. Growing demand for dairy products like cheese, yogurt, and ice cream in Australasia and the Middle East is likely to push producers to focus their efforts on expanding production capacity in those regions.
As a result, rising dairy output in these nations is projected to boost inulin demand in the coming years. Inulin is a non-digestible fiber that aids in the maintenance of calorie levels in the human body by promoting bacterial growth. Over the projected period, this property of inulin is expected to boost the market demand in the fortification of dietary supplements. In addition, inulin is also used in the animal feed, building, and coating sectors as a natural component.
Europe held the most prominent global market, accounting for more than 40% of the market share, and anticipated to increase due to legislative support to encourage functional ingredients in the regional food and beverage sector.
However, countries such as Germany, Spain, and Italy are slow development countries in the food and beverage industry. The European Commissions’ restrictions on shares of inulin production is a significant challenge of the Inulin industry.
The growing popularity of prebiotic ingredients fuels the demands of the North America Inulin Market, due to rising knowledge regarding low fat and calorie reduction. In addition, inulin has been designated as a generally recognized safe (GRAS) product which is likely to sustain the market growth throughout the forecast period. As a result, the demand for fortifying foods with prebiotic compounds is projected to grow in the United Kingdom, resulting in market development.
In the global market, Asia-Pacific Inulin Market is the fastest expanding region. In the Asia-Pacific area, Japan is the largest market, followed by India. However, the growing need for infant formula, the expansion of the dairy sector, and the aging population are just a few of the causes driving the market down.
South Korea is one of the fastest-growing markets, owing to an image-conscious metropolitan population, a heavy reliance on imported food, and a general trend of unhealthy lifestyles, pushing a greater focus on healthy eating. Moreover, the Middle East and Africa tend to have a significant CAGR, respectively.
With the adoption of social distance, quarantine, and lockdown regulations, the COVID-19 pandemic significantly impacted the global economy, halting activity across major industrial verticals globally. The considerably increased infection rate, on the other hand, had a beneficial impact on demand for prebiotics for improved immune health and provided various opportunities for industry participants to capitalize on the expanding need.
Consumers' growing health consciousness influenced their use of fiber-fortified foods, which improve gut health while also providing a more holistic approach to immunity. In addition, higher retail sales as a result of shuttered eateries and an increase in healthy eating as a result of the regulation of work-from-home directives have given chicory inulin a positive image.
Key Players in the Market:
Major Key Players in the Global Inulin Market are
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