PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1383395
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1383395
Inulin Market Forecasts to 2030 - Global Analysis By Product Type (Jerusalem Artichoke Inulin, Agave Inulin, Chicory Inulin and Other Product Types), Form (Liquid and Powder), Nature, End User and By Geography
According to Stratistics MRC, the Global Inulin Market is accounted for $1.75 billion in 2023 and is expected to reach $3.10 billion by 2030 growing at a CAGR of 8.5% during the forecast period. Inulin is a soluble fiber and a starchy element found in a huge variety of cereals, fruits, and vegetables, such as bananas, onions, asparagus, chicory roots, agave, garlic, and others. Plants naturally produce inulin, a high-fiber substance with the potential to improve digestive health and lower cholesterol levels. Inulin is a starchy substance and is most commonly used for medicine obtained by soaking chicory roots in hot water. Inulin's low glycemic index can help regulate blood glucose and insulin levels, contributing to better glycemic control.
Market Dynamics:
Driver:
Rising demand for inulin in pharmaceutical sector
Scientists in the pharmaceutical sector have been able to innovate and search for additional possibilities to create solutions for customers as a result of the rising occurrence of various diseases. Because inulin possesses health-promoting qualities, it is increasingly used in the pharmaceutical sector to treat a wide range of illnesses. A polysaccharide, inulin has a wide range of therapeutic applications, such as a drug delivery system, a diagnostic tool, and a dietary fibre with added health advantages. It has numerous health advantages and is mostly used in medications to enhance the immune system and treat a variety of digestive issues. The rise in digestive issues among consumers as a result of lifestyle and eating habits has increased demand for inulin in the pharmaceutical sector.
Restraint:
Availability of other dietary fibers
The presence of additional dietary fibres and prebiotic components is anticipated to restrain the expansion of the global inulin market. In particular, dietary fibre has a number of health advantages. Additionally, by lowering blood pressure and cholesterol levels, those who consume a lot of dietary fibre have a much lower chance of getting diabetes, stroke, coronary heart disease, hypertension, obesity, and some gastrointestinal disorders. Consequently, there is a rising need for dietary fibre.
Opportunity:
Rising use of nutraceuticals and sports nutrition products
Consuming inulin fibre has been linked to reductions in diabetes, obesity, and cholesterol, which has increased demand for dietary fibres in nutraceutical products. The benefits of inulin include maintaining gut health. Dietary fibres are crucial for any athlete. Dietary fibres like inulin are highly helpful since they soften stools and improve muscle performance, endurance, and repair before, during, and after training. Therefore, dietary fibre producers in the nutraceutical and sports nutrition industries are benefiting from dietary fibre foods. This rise in the intake of energy supplements by athletes will boost the growth of the inulin market during the forecast period.
Threat:
High production costs
The inulin market may be severely constrained by high production costs. Through a difficult extraction and purifying procedure, inulin is generally obtained from sources like chicory roots or Jerusalem artichoke tubers. There are various processes in this procedure, such as washing, grinding, extraction, filtration, and drying. Inulin production costs are influenced by the need for specialised machinery, expert labour, and energy-intensive processes throughout the extraction and purifying process. Furthermore, the profitability and competitiveness of market participants might be impacted by the cost structure of inulin manufacturing.
COVID-19 Impact
The inulin market was significantly impacted by COVID-19. The pandemic's emergence started a global trend towards healthier eating practices and nutrient-dense foods. As a result, as customers of all ages started investing in health supplements and immune boosters, the market began to move towards the consumption of healthier and more nutrient-dense food. As a result, the market for inulin also experienced tremendous expansion.
The functional food & beverages segment is expected to be the largest during the forecast period
The functional food & beverages segment is estimated to hold the largest share. The food and beverage industry is predicted to have a strong need for inulin. By promoting fullness and decreasing cholesterol absorption from the digestive tract, it improves digestive health. Cheese, yoghurt, ice cream, baked goods, and confections are just a few foods that use inulin. Due to its creamy nature, it serves as a fat alternative in salad dressings and margarine. Additionally, the market's expansion is aided by customers' changing lifestyles, rising disposable incomes, and increased desire for natural components.
The powder segment is expected to have the highest CAGR during the forecast period
The powder segment is anticipated to have lucrative growth during the forecast period. A large and often-used form of inulin on the market is in powder form. Application options for inulin powder are varied. It can simply be added to a variety of food and drink products without changing their flavour, consistency, or appearance. Both makers and customers will find it convenient to use because the powder form makes blending and dispersion simple. Excellent shelf stability in inulin powder is crucial for use in a variety of food and beverage applications. It can endure a variety of processing conditions, including high temperatures used in baking or cooking, and has a lengthy shelf life.
Region with largest share:
Europe commanded the largest market share during the extrapolated period. one of the main factors contributing to Europe's consistent growth rate is the existence of favourable regulatory rules for the incorporation of functional ingredients, particularly in food and beverage applications. Rising awareness about the health benefits of inulin and an aging population are expected to boost the inulin market, particularly in the food and beverage and dietary supplement applications, where the product aids digestion and bowel movement.
Region with highest CAGR:
Asia Pacific is expected to witness profitable growth over the projection period, owing to the growing demand for inulin from emerging economies such as Japan, India, and others. Rising health consciousness among Asian consumers, coupled with increasing per capita income of consumers is projected to have a significant impact on the growth of inulin market of Asia. Rising consumer awareness regarding the product's benefits in aiding gut health, coupled with favourable regulatory policies regarding the use of functional ingredients in food preparation and beverage formulation is expected to contribute to the growth of inulin market in Asia Pacific.
Key players in the market
Some of the key players in the Inulin Market include: Sudzucker AG, Adept Impex Private Limited, Cargill Inc., The Ingredient House, Cosucra Groupe Warcoing SA, Nova Green Inc., Sensus NV, Green Labs LLC, Beneo, Ciranda Inc., Tierra Group, Fenchem, Fuji Nihon Seito Corporation, Shandong Baolingbao Biotechnology Co. Ltd, Jarrow Formulas and Wuxi Cima Science Co. Ltd.
Key Developments:
In March 2022, Sensus, a Dutch co-op member, announced its plans to expand the production of chicory root fiber (inulin) to meet the growing demand for natural prebiotics in plant-based foods and supplements.
In December 2021, Beneo, a functional ingredient manufacturer, invested EUR 30 million in expanding its capacity for producing prebiotic chicory fiber roots in Chile and Belgium. The expansion would increase the production of chicory root fiber inulin by over 40% to meet customer demand and promote the growth of the inulin market.
Product Types Covered:
- Jerusalem Artichoke Inulin
- Agave Inulin
- Chicory Inulin
- Other Product Types
Forms Covered:
- Liquid
- Powder
Natures Covered:
- Conventional
- Organic
End Users Covered:
- Clinical Nutrition
- Functional Food & Beverages
- Infant Formula
- Dietary Supplements
- Meat Products
- Breakfast Cereals & Cereal Bars
- Dairy Products
- Animal Nutrition
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Inulin Market, By Product Type
- 5.1 Introduction
- 5.2 Jerusalem Artichoke Inulin
- 5.3 Agave Inulin
- 5.4 Chicory Inulin
- 5.5 Other Product Types
6 Global Inulin Market, By Form
- 6.1 Introduction
- 6.2 Liquid
- 6.3 Powder
7 Global Inulin Market, By Nature
- 7.1 Introduction
- 7.2 Conventional
- 7.3 Organic
8 Global Inulin Market, By End User
- 8.1 Introduction
- 8.2 Clinical Nutrition
- 8.3 Functional Food & Beverages
- 8.4 Infant Formula
- 8.5 Dietary Supplements
- 8.6 Meat Products
- 8.7 Breakfast Cereals & Cereal Bars
- 8.8 Dairy Products
- 8.9 Animal Nutrition
9 Global Inulin Market, By Geography
- 9.1 Introduction
- 9.2 North America
- 9.2.1 US
- 9.2.2 Canada
- 9.2.3 Mexico
- 9.3 Europe
- 9.3.1 Germany
- 9.3.2 UK
- 9.3.3 Italy
- 9.3.4 France
- 9.3.5 Spain
- 9.3.6 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 Japan
- 9.4.2 China
- 9.4.3 India
- 9.4.4 Australia
- 9.4.5 New Zealand
- 9.4.6 South Korea
- 9.4.7 Rest of Asia Pacific
- 9.5 South America
- 9.5.1 Argentina
- 9.5.2 Brazil
- 9.5.3 Chile
- 9.5.4 Rest of South America
- 9.6 Middle East & Africa
- 9.6.1 Saudi Arabia
- 9.6.2 UAE
- 9.6.3 Qatar
- 9.6.4 South Africa
- 9.6.5 Rest of Middle East & Africa
10 Key Developments
- 10.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 10.2 Acquisitions & Mergers
- 10.3 New Product Launch
- 10.4 Expansions
- 10.5 Other Key Strategies
11 Company Profiling
- 11.1 Sudzucker AG
- 11.2 Adept Impex Private Limited
- 11.3 Cargill Inc.
- 11.4 The Ingredient House
- 11.5 Cosucra Groupe Warcoing SA
- 11.6 Nova Green Inc.
- 11.7 Sensus NV
- 11.8 Green Labs LLC
- 11.9 Beneo
- 11.10 Ciranda Inc.
- 11.11 Tierra Group
- 11.12 Fenchem
- 11.13 Fuji Nihon Seito Corporation
- 11.14 Shandong Baolingbao Biotechnology Co. Ltd
- 11.15 Jarrow Formulas
- 11.16 Wuxi Cima Science Co. Ltd
List of Tables
- Table 1 Global Inulin Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Inulin Market Outlook, By Product Type (2021-2030) ($MN)
- Table 3 Global Inulin Market Outlook, By Jerusalem Artichoke Inulin (2021-2030) ($MN)
- Table 4 Global Inulin Market Outlook, By Agave Inulin (2021-2030) ($MN)
- Table 5 Global Inulin Market Outlook, By Chicory Inulin (2021-2030) ($MN)
- Table 6 Global Inulin Market Outlook, By Other Product Types (2021-2030) ($MN)
- Table 7 Global Inulin Market Outlook, By Form (2021-2030) ($MN)
- Table 8 Global Inulin Market Outlook, By Liquid (2021-2030) ($MN)
- Table 9 Global Inulin Market Outlook, By Powder (2021-2030) ($MN)
- Table 10 Global Inulin Market Outlook, By Nature (2021-2030) ($MN)
- Table 11 Global Inulin Market Outlook, By Conventional (2021-2030) ($MN)
- Table 12 Global Inulin Market Outlook, By Organic (2021-2030) ($MN)
- Table 13 Global Inulin Market Outlook, By End User (2021-2030) ($MN)
- Table 14 Global Inulin Market Outlook, By Clinical Nutrition (2021-2030) ($MN)
- Table 15 Global Inulin Market Outlook, By Functional Food & Beverages (2021-2030) ($MN)
- Table 16 Global Inulin Market Outlook, By Infant Formula (2021-2030) ($MN)
- Table 17 Global Inulin Market Outlook, By Dietary Supplements (2021-2030) ($MN)
- Table 18 Global Inulin Market Outlook, By Meat Products (2021-2030) ($MN)
- Table 19 Global Inulin Market Outlook, By Breakfast Cereals & Cereal Bars (2021-2030) ($MN)
- Table 20 Global Inulin Market Outlook, By Dairy Products (2021-2030) ($MN)
- Table 21 Global Inulin Market Outlook, By Animal Nutrition (2021-2030) ($MN)
- Table 22 North America Inulin Market Outlook, By Country (2021-2030) ($MN)
- Table 23 North America Inulin Market Outlook, By Product Type (2021-2030) ($MN)
- Table 24 North America Inulin Market Outlook, By Jerusalem Artichoke Inulin (2021-2030) ($MN)
- Table 25 North America Inulin Market Outlook, By Agave Inulin (2021-2030) ($MN)
- Table 26 North America Inulin Market Outlook, By Chicory Inulin (2021-2030) ($MN)
- Table 27 North America Inulin Market Outlook, By Other Product Types (2021-2030) ($MN)
- Table 28 North America Inulin Market Outlook, By Form (2021-2030) ($MN)
- Table 29 North America Inulin Market Outlook, By Liquid (2021-2030) ($MN)
- Table 30 North America Inulin Market Outlook, By Powder (2021-2030) ($MN)
- Table 31 North America Inulin Market Outlook, By Nature (2021-2030) ($MN)
- Table 32 North America Inulin Market Outlook, By Conventional (2021-2030) ($MN)
- Table 33 North America Inulin Market Outlook, By Organic (2021-2030) ($MN)
- Table 34 North America Inulin Market Outlook, By End User (2021-2030) ($MN)
- Table 35 North America Inulin Market Outlook, By Clinical Nutrition (2021-2030) ($MN)
- Table 36 North America Inulin Market Outlook, By Functional Food & Beverages (2021-2030) ($MN)
- Table 37 North America Inulin Market Outlook, By Infant Formula (2021-2030) ($MN)
- Table 38 North America Inulin Market Outlook, By Dietary Supplements (2021-2030) ($MN)
- Table 39 North America Inulin Market Outlook, By Meat Products (2021-2030) ($MN)
- Table 40 North America Inulin Market Outlook, By Breakfast Cereals & Cereal Bars (2021-2030) ($MN)
- Table 41 North America Inulin Market Outlook, By Dairy Products (2021-2030) ($MN)
- Table 42 North America Inulin Market Outlook, By Animal Nutrition (2021-2030) ($MN)
- Table 43 Europe Inulin Market Outlook, By Country (2021-2030) ($MN)
- Table 44 Europe Inulin Market Outlook, By Product Type (2021-2030) ($MN)
- Table 45 Europe Inulin Market Outlook, By Jerusalem Artichoke Inulin (2021-2030) ($MN)
- Table 46 Europe Inulin Market Outlook, By Agave Inulin (2021-2030) ($MN)
- Table 47 Europe Inulin Market Outlook, By Chicory Inulin (2021-2030) ($MN)
- Table 48 Europe Inulin Market Outlook, By Other Product Types (2021-2030) ($MN)
- Table 49 Europe Inulin Market Outlook, By Form (2021-2030) ($MN)
- Table 50 Europe Inulin Market Outlook, By Liquid (2021-2030) ($MN)
- Table 51 Europe Inulin Market Outlook, By Powder (2021-2030) ($MN)
- Table 52 Europe Inulin Market Outlook, By Nature (2021-2030) ($MN)
- Table 53 Europe Inulin Market Outlook, By Conventional (2021-2030) ($MN)
- Table 54 Europe Inulin Market Outlook, By Organic (2021-2030) ($MN)
- Table 55 Europe Inulin Market Outlook, By End User (2021-2030) ($MN)
- Table 56 Europe Inulin Market Outlook, By Clinical Nutrition (2021-2030) ($MN)
- Table 57 Europe Inulin Market Outlook, By Functional Food & Beverages (2021-2030) ($MN)
- Table 58 Europe Inulin Market Outlook, By Infant Formula (2021-2030) ($MN)
- Table 59 Europe Inulin Market Outlook, By Dietary Supplements (2021-2030) ($MN)
- Table 60 Europe Inulin Market Outlook, By Meat Products (2021-2030) ($MN)
- Table 61 Europe Inulin Market Outlook, By Breakfast Cereals & Cereal Bars (2021-2030) ($MN)
- Table 62 Europe Inulin Market Outlook, By Dairy Products (2021-2030) ($MN)
- Table 63 Europe Inulin Market Outlook, By Animal Nutrition (2021-2030) ($MN)
- Table 64 Asia Pacific Inulin Market Outlook, By Country (2021-2030) ($MN)
- Table 65 Asia Pacific Inulin Market Outlook, By Product Type (2021-2030) ($MN)
- Table 66 Asia Pacific Inulin Market Outlook, By Jerusalem Artichoke Inulin (2021-2030) ($MN)
- Table 67 Asia Pacific Inulin Market Outlook, By Agave Inulin (2021-2030) ($MN)
- Table 68 Asia Pacific Inulin Market Outlook, By Chicory Inulin (2021-2030) ($MN)
- Table 69 Asia Pacific Inulin Market Outlook, By Other Product Types (2021-2030) ($MN)
- Table 70 Asia Pacific Inulin Market Outlook, By Form (2021-2030) ($MN)
- Table 71 Asia Pacific Inulin Market Outlook, By Liquid (2021-2030) ($MN)
- Table 72 Asia Pacific Inulin Market Outlook, By Powder (2021-2030) ($MN)
- Table 73 Asia Pacific Inulin Market Outlook, By Nature (2021-2030) ($MN)
- Table 74 Asia Pacific Inulin Market Outlook, By Conventional (2021-2030) ($MN)
- Table 75 Asia Pacific Inulin Market Outlook, By Organic (2021-2030) ($MN)
- Table 76 Asia Pacific Inulin Market Outlook, By End User (2021-2030) ($MN)
- Table 77 Asia Pacific Inulin Market Outlook, By Clinical Nutrition (2021-2030) ($MN)
- Table 78 Asia Pacific Inulin Market Outlook, By Functional Food & Beverages (2021-2030) ($MN)
- Table 79 Asia Pacific Inulin Market Outlook, By Infant Formula (2021-2030) ($MN)
- Table 80 Asia Pacific Inulin Market Outlook, By Dietary Supplements (2021-2030) ($MN)
- Table 81 Asia Pacific Inulin Market Outlook, By Meat Products (2021-2030) ($MN)
- Table 82 Asia Pacific Inulin Market Outlook, By Breakfast Cereals & Cereal Bars (2021-2030) ($MN)
- Table 83 Asia Pacific Inulin Market Outlook, By Dairy Products (2021-2030) ($MN)
- Table 84 Asia Pacific Inulin Market Outlook, By Animal Nutrition (2021-2030) ($MN)
- Table 85 South America Inulin Market Outlook, By Country (2021-2030) ($MN)
- Table 86 South America Inulin Market Outlook, By Product Type (2021-2030) ($MN)
- Table 87 South America Inulin Market Outlook, By Jerusalem Artichoke Inulin (2021-2030) ($MN)
- Table 88 South America Inulin Market Outlook, By Agave Inulin (2021-2030) ($MN)
- Table 89 South America Inulin Market Outlook, By Chicory Inulin (2021-2030) ($MN)
- Table 90 South America Inulin Market Outlook, By Other Product Types (2021-2030) ($MN)
- Table 91 South America Inulin Market Outlook, By Form (2021-2030) ($MN)
- Table 92 South America Inulin Market Outlook, By Liquid (2021-2030) ($MN)
- Table 93 South America Inulin Market Outlook, By Powder (2021-2030) ($MN)
- Table 94 South America Inulin Market Outlook, By Nature (2021-2030) ($MN)
- Table 95 South America Inulin Market Outlook, By Conventional (2021-2030) ($MN)
- Table 96 South America Inulin Market Outlook, By Organic (2021-2030) ($MN)
- Table 97 South America Inulin Market Outlook, By End User (2021-2030) ($MN)
- Table 98 South America Inulin Market Outlook, By Clinical Nutrition (2021-2030) ($MN)
- Table 99 South America Inulin Market Outlook, By Functional Food & Beverages (2021-2030) ($MN)
- Table 100 South America Inulin Market Outlook, By Infant Formula (2021-2030) ($MN)
- Table 101 South America Inulin Market Outlook, By Dietary Supplements (2021-2030) ($MN)
- Table 102 South America Inulin Market Outlook, By Meat Products (2021-2030) ($MN)
- Table 103 South America Inulin Market Outlook, By Breakfast Cereals & Cereal Bars (2021-2030) ($MN)
- Table 104 South America Inulin Market Outlook, By Dairy Products (2021-2030) ($MN)
- Table 105 South America Inulin Market Outlook, By Animal Nutrition (2021-2030) ($MN)
- Table 106 Middle East & Africa Inulin Market Outlook, By Country (2021-2030) ($MN)
- Table 107 Middle East & Africa Inulin Market Outlook, By Product Type (2021-2030) ($MN)
- Table 108 Middle East & Africa Inulin Market Outlook, By Jerusalem Artichoke Inulin (2021-2030) ($MN)
- Table 109 Middle East & Africa Inulin Market Outlook, By Agave Inulin (2021-2030) ($MN)
- Table 110 Middle East & Africa Inulin Market Outlook, By Chicory Inulin (2021-2030) ($MN)
- Table 111 Middle East & Africa Inulin Market Outlook, By Other Product Types (2021-2030) ($MN)
- Table 112 Middle East & Africa Inulin Market Outlook, By Form (2021-2030) ($MN)
- Table 113 Middle East & Africa Inulin Market Outlook, By Liquid (2021-2030) ($MN)
- Table 114 Middle East & Africa Inulin Market Outlook, By Powder (2021-2030) ($MN)
- Table 115 Middle East & Africa Inulin Market Outlook, By Nature (2021-2030) ($MN)
- Table 116 Middle East & Africa Inulin Market Outlook, By Conventional (2021-2030) ($MN)
- Table 117 Middle East & Africa Inulin Market Outlook, By Organic (2021-2030) ($MN)
- Table 118 Middle East & Africa Inulin Market Outlook, By End User (2021-2030) ($MN)
- Table 119 Middle East & Africa Inulin Market Outlook, By Clinical Nutrition (2021-2030) ($MN)
- Table 120 Middle East & Africa Inulin Market Outlook, By Functional Food & Beverages (2021-2030) ($MN)
- Table 121 Middle East & Africa Inulin Market Outlook, By Infant Formula (2021-2030) ($MN)
- Table 122 Middle East & Africa Inulin Market Outlook, By Dietary Supplements (2021-2030) ($MN)
- Table 123 Middle East & Africa Inulin Market Outlook, By Meat Products (2021-2030) ($MN)
- Table 124 Middle East & Africa Inulin Market Outlook, By Breakfast Cereals & Cereal Bars (2021-2030) ($MN)
- Table 125 Middle East & Africa Inulin Market Outlook, By Dairy Products (2021-2030) ($MN)
- Table 126 Middle East & Africa Inulin Market Outlook, By Animal Nutrition (2021-2030) ($MN)
