PUBLISHER: Polaris Market Research | PRODUCT CODE: 1903857
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1903857
The global Inulin market size is expected to reach USD 3.8 billion by 2034, according to a new study by Polaris Market Research. The report "Inulin Market Share, Size, & Industry Analysis Report, By Source (Chicory, Agave, Jerusalem artichokes, Asparagus, Others); By Application; By Region; Segment Forecast, 2025 - 2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The growing popularity and diverse applications of this versatile carbohydrate characterize the market. Inulin is a naturally occurring polysaccharide that is frequently extracted from plants such as chicory roots. It is a fructan that is made up of chains of fructose molecules. Because of its potential health benefits, it is being used in pharmaceuticals and dietary supplements in addition to the food industry. It is known to help with digestive health, calcium absorption, and weight management, which aligns with the growing consumer demand for functional ingredients that promote overall well-being. Because of its role in improving gut health, diabetes, and cholesterol, the pandemic has increased demand. Immunity-boosting and nutritional supplements have become popular among consumers. The pandemic has raised consumer health awareness about the importance of purchasing sustainable and organic food and beverage products. Also, the rising prevalence of lifestyle-related health issues such as obesity and digestive disorders has increased the demand for functional ingredients such as inulin. As inulin is often perceived as a natural and plant-derived alternative, the growing trend of clean-label and natural products has boosted the market.
However, the high production costs associated with extracting inulin, particularly from chicory roots, act as a restraint. Along with this, the scarcity of raw materials and price fluctuations have an impact on the overall cost of production. Market participants face challenges due to regulatory complexities and standards regarding health claims associated with the products.
The growing geriatric population has played an important role, as older people seek dietary solutions to address health concerns associated with aging. With its well-known benefits for digestive health and overall well-being, inulin has grown in popularity as a valuable ingredient in products aimed at this demographic. Simultaneously, rising disposable income has enabled consumers to make more informed and health-conscious decisions about their dietary preferences. Leading players are boosting their presence in various geographies by entering to new emerging markets by expand their customer base and strengthen their position in the market.
The food and beverage segment dominated the market in 2024 due to inulin's inherent qualities, such as its ability to serve as a soluble dietary fiber and prebiotic, which have positioned it as a highly preferred ingredient in the formulation of various food and beverage products.
The Europe region leads the market in 2024 due to a combination of several factors that collectively contribute to the region's robust demand. With an increasingly health-conscious consumer base, Europe has seen a growing emphasis on healthy and functional foods.
The Asia Pacific region is expected to have the fastest CAGR in the market over the forecast period, owing to a significant shift in dietary preferences and lifestyles, as well as an increased emphasis on health and wellness.
The global key market players include BENEO, Cargill, Ciranda, COSUCRA, FENCHEM, Jarrow Formulas, Inc. Nova Green Inc., Sensus BV (Royal Cosun), The Ingredient House, The Tierra Group, etc.
Polaris Market Research has segmented the market report based on source, application, and region:
By Source Outlook (Revenue - USD million, 2020 - 2034)
Chicory
Agave
Jerusalem artichokes
Asparagus
Others
By Application Outlook (Revenue - USD million, 2020 - 2034)
Pharmaceutical
Dietary Supplements
Food and Beverages
Others
By Regional Outlook (Revenue - USD million, 2020 - 2034)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Rest of Asia Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of MEA