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Global Inulin Market Size By Source (Agave, Chicory, Jerusalem Artichoke, Asparagus), By Application (Food And Beverages, Pharmaceuticals, Dietary Supplements), By Geographic Scope And Forecast


Published on: 2024-08-02 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Inulin Market Size By Source (Agave, Chicory, Jerusalem Artichoke, Asparagus), By Application (Food And Beverages, Pharmaceuticals, Dietary Supplements), By Geographic Scope And Forecast

Inulin Market Size And Forecast

Inulin Market size was valued at USD 1.81 Billion in 2023 and is projected to reach USD 3.04 Billion by 2031, growing at a CAGR of 6.73% from 2024 to 2031.

  • Inulin is a type of soluble dietary fiber present in many plants, particularly chicory roots. Chemically, it belongs to a class of carbohydrates known as fructans, which are made up of chains of fructose molecules connected by a glucose molecule at one end.
  • Inulin is famous for its ability to withstand digestion in the small intestine, allowing it to enter the colon intact and act as a prebiotic, supporting beneficial bacteria in the gut. This characteristic makes it useful in promoting digestive health and regularity.
  • Furthermore, inulin has gained popularity as a functional component in the food industry, where it can be used to substitute fat or sugar in low-calorie or low-fat foods. Its capacity to improve texture, boost fiber content, and improve the nutritional profile of meals has led to its use in a wide range of products, including yoghurt, baked goods, beverages, and dairy alternatives.

Global Inulin Market Dynamics

The key market dynamics that are shaping the Inulin Market include

Key Market Drivers

  • Health and Wellness TrendsThe increased consumer awareness of health and wellbeing has greatly boosted demand for inulin. As a natural prebiotic fiber, inulin promotes gut health, increases dietary fiber consumption, and promotes the growth of beneficial bacteria. This reflects the increased consumer preference for functional meals and supplements that promote overall health.
  • Increasing Incidence of Lifestyle Diseases With the rising incidence of lifestyle diseases such as diabetes and obesity, there is a greater need for low-glycemic components that aid in the management of these ailments. Because of its low influence on blood sugar levels, inulin is increasingly used as a healthy substitute for sugar and fat in food products, leading to market growth.
  • Innovations in the Food and Beverage SectorThe food and beverage industry’s ongoing creativity and product development initiatives have created new opportunities for inulin application. It is utilized in various items, including baked goods, dairy products, and beverages, due to its beneficial properties such as fiber enrichment, fat replacement, and texture improvement. This adaptability has accelerated its acceptance across numerous parts of the food business.
  • Clean Label Movement The clean label trend, which emphasizes natural, straightforward, and transparent ingredient lists, has had a substantial impact on the Inulin Market’s growth. Inulin is derived from chicory roots and other natural sources, making it a popular ingredient among producers seeking to develop clean-label products that appeal to health-conscious customers.

Key Challenges

  • Supply Chain Volatility Supply chain disruptions pose problems to the Inulin Market, such as variable weather conditions influencing chicory root productivity, transportation issues, and fluctuating raw material pricing. These variables contribute to irregular supply levels and price volatility, affecting both manufacturers and consumers.
  • Consumer Awareness and Acceptance Despite its health benefits, Inulin Market expansion is limited by low consumer awareness and conflicting beliefs about its efficacy and safety. Educating customers about its prebiotic benefits and dispelling myths makes it essential for increasing its use in food and beverage items, resulting in limited expansion.
  • Competition from Alternative Fibers The rising availability of alternative dietary fibers with similar health advantages presents an important obstacle to the Inulin Market. To remain competitive in a crowded market, manufacturers have to differentiate their products based on cost, efficacy, or innovation, acting as an inhibitor in market growth.

Key Trends

  • Increased Demand for Prebiotics Prebiotics, notably inulin, are becoming increasingly popular among consumers due to their health advantages for gut health and immunological function. This trend is driving the use of inulin in functional meals and beverages.
  • Growth in Plant-Based Products The increase in vegan and vegetarian lifestyles has boosted demand for plant-based components. Inulin, a natural fiber obtained from chicory root and other plants, is becoming increasingly popular as a nutritious, plant-based food addition.
  • Expansion in Dietary SupplementsAs consumers seek dietary supplements to boost their nutritional intake, inulin is increasingly being employed in supplement formulation due to its fiber content and prebiotic qualities, which promote overall digestive health.

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Global Inulin Market Regional Analysis

Here is a more detailed regional analysis of the Inulin Market

North America

  • North America is estimated to dominate the Inulin Market during the forecast period. The huge consumer base that values health and well-being is driving demand for functional foods and dietary fibers like inulin to promote digestive health and weight control.
  • The region has advanced food processing technology and infrastructure, allowing for the innovative use of inulin in a variety of products, from baked goods to dairy replacements, hence improving texture and health benefits.
  • The rising prevalence of obesity, diabetes, and other lifestyle-related disorders has created a desire for low-calorie, high-fiber dietary options. Inulin, a naturally occurring prebiotic and fiber source, meets this demand.
  • Furthermore, regulatory organizations in North America, like as the FDA, have recognized the benefits of prebiotics like inulin and encouraged its inclusion in foods and beverages by favorable rules and recommendations, hence promoting market expansion.

Asia Pacific

  • Asia Pacific is estimated to exhibit the highest growth during the forecast period. The food and beverage business in Asia Pacific is quickly expanding, with producers increasingly integrating functional ingredients such as inulin to meet customer demand for health-enhancing goods.
  • Urbanization and shifting dietary patterns towards better food options are driving up demand for functional foods and prebiotics such as inulin, particularly among middle-class populations in China and India.
  • People are becoming more aware of the importance of gut health and the role that dietary fibers and prebiotics play in sustaining it. This awareness is leading customers to choose goods supplemented with natural nutrients such as inulin.
  • Furthermore, with an increasing prevalence of obesity, diabetes, and cardiovascular disease in the region, there is a greater demand for dietary fibers such as inulin, which can help manage these disorders by improving gut health and lowering calorie consumption.

Europe

  • European consumers are well aware of the health benefits of dietary fibers and prebiotics such as inulin. This understanding increases the demand for functional meals that promote digestive health and general well-being.
  • Consumers in Europe want natural, minimally processed ingredients, resulting in a strong focus on clean-label products. Inulin, as a natural and plant-based fiber, fits well with this trend, resulting in its inclusion in a variety of goods.
  • The European Union’s regulatory framework encourages firms to add dietary fibers such as inulin into their formulations to increase product appeal.
  • Furthermore, European enterprises are at the forefront of food innovation, utilizing inulin not only for its health benefits but also for functional features such as fat substitution and sugar reduction in processed meals, which contribute to the region’s market expansion.

Global Inulin MarketSegmentation Analysis

The Global Inulin Market is segmented based on Source, Application, And Geography.

Inulin Market, By Source

  • Agave
  • Chicory
  • Jerusalem Artichoke
  • Asparagus
  • Others

Based on Source, the market is segmented into Agave, Chicory, Jerusalem Artichoke, Asparagus, and Others. The chicory root segment is estimated to dominate the Inulin Market due to its high inulin concentration in comparison to other sources. The chicory root inulin has been extensively investigated for its health benefits, which include improved digestive health, blood sugar control, and weight management, leading to widespread adoption among customers and producers. Its favorable functional features, including solubility and prebiotic benefits, make it a popular ingredient in a variety of food and beverage applications, consolidating its market leadership.

Inulin Market, By Application

  • Food & Beverages
  • Pharmaceuticals
  • Dietary Supplements
  • Others

Based on Application, the market is segmented into Food & Beverages, Pharmaceuticals, Dietary Supplements, and Others. The food & beverage segment is estimated to dominate the market over the forecast period due to inulin’s varied functional qualities, which include its capacity to act as a fat replacer, texture improver, and natural sweetener, making it a desirable ingredient in the development of healthy food and beverages. Inulin’s prebiotic effects, which support digestive health and promote the growth of healthy gut bacteria, are consistent with the growing consumer demand for functional foods that promote overall well-being. Furthermore, the clean label movement, which emphasizes natural and minimally processed ingredients, drives Inulin’s integration into a wide range of items in this category, including dairy products, baked goods, and health drinks.

Key Players

The “Global Inulin Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Cargill Incorporated, Beneo GmbH, Sensus BV, Cosucra Groupe Warcoing SA, The Tierra Group, Jarrow Formulas, NOW Foods, Ingredion Incorporated, Archer Daniels Midland Company, Tereos SA, Nexira, Naturel West Corp EU B.V., Intrinsic Organics, Bioway Organic Ingredients Co. Ltd, Adept Impex Private Limited, Ciranda Inc., The Green Labs LLC, Royal DSM N.V., Tate & Lyle plc, and DuPont de Nemours.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Inulin Market Recent Developments

  • In February 2024, Beneo GmbH announced the launch of RemiPure F20, a new inulin-based ingredient specifically intended for gluten-free baked goods. This component offers a better texture and shelf life.
  • In February 2024, Sensus BV collaborated with Wageningen University & Research (WUR) to examine the efficacy of inulin in lowering intestinal inflammation. The researchers hope to create novel food applications with anti-inflammatory characteristics.
  • In January 2024, Cargill Incorporated published a white paper outlining the environmental benefits of its oligofructose inulin production process. The study emphasizes reducing water consumption and carbon footprint.
  • In January 2024, Tereos SA announced a collaboration with a renowned yoghurt maker to create new yoghurt formulas fortified with inulin to promote digestive health.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2031

BASE YEAR

2023

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Cargill Incorporated, Beneo GmbH, Sensus BV, Cosucra Groupe Warcoing SA, The Tierra Group, Jarrow Formulas, NOW Foods, Ingredion Incorporated

SEGMENTS COVERED
  • By Source
  • By Application
  • By Geography
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