Inulin Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

Inulin Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

The inulin market is projected to register a CAGR of 6.5% over the next five years.

Inulin is trending for its high nutritional content, which includes rich fibers and minerals like calcium and potassium, vitamins, proteins, and vitamin C. Increasing awareness among consumers about various health-beneficial ingredients is pushing manufacturers to incorporate inulin into their products. Additionally, the health benefits of inulin, like aiding in weight loss, constipation, and diabetes, and increasing immunity and blood fats like triglycerides further support the growth of the market. Rising immunity issues and low disease resistance are also a few factors aiding the market’s growth as people are looking for products that boost immunity. For instance, according to GOQii, in a large-scale survey conducted across India in 2021, about 17% of respondents below the age of 19 years had immunity problems, indicating compromised immunity levels.

Moreover, the market is preliminarily driven by the paradigm shift toward preventive health management practices amid rising healthcare costs and the increasing burden of lifestyle diseases. Among preventive health management practices, the plant-based prebiotic chicory root fibers have also been shown to contribute to a healthy microbiome, stimulating health and general well-being. Consumers purchasing nutritious and immunity-booster supplements to keep themselves safe has inclined consumers toward purchasing huge amounts of organic and sustainable food products, which in turn, are accelerating the growth of the inulin market across the world. Furthermore, increasing applications of inulin in various industries are expected to increase its demand during the forecast period. Owing to its major benefits of being more easily digestible, inulin is mainly used in the food and beverage market, especially in the bakery and confectionery segment.

Globally, inulin is gaining importance and becoming a part of consumers’ daily dietary practices. The main reason for this increasing popularity is the change in consumers’ lifestyles and their growing awareness, which is boosting the intake of high-fiber functional food and prebiotics. The increasing intake of prebiotics with high fiber in the food and beverage industry is linked to benefits, such as improved digestion, lower stress response, better hormonal balance, and a decrease in cardiovascular diseases. For instance, according to The Hartman Group, in a survey conducted in 2021, 65% of Indians deliberately added more fiber to their regular diet.

Moreover, the Food Drug Administrative classified inulin as a safe product, which resulted in manufacturers preferring inulin products over other alternatives. It is utilized to inhibit the growth of pathogenic bacteria and maintain healthy gut bacteria for better colon health. Such benefits and regulations are popularising prebiotics among consumers, which, in turn, is accelerating the inulin market growth globally. Furthermore, prebiotic ingredients have many uses, from food processing to dietary supplements and animal feed. Consumers are also becoming more aware of their benefits, which has been a key factor in the launch of many new products, including prebiotics like inulin, in different end-user industries. All these factors are expected to contribute to the growth of the market during the forecast period.

The Europe inulin market is majorly driven by the growing acceptance of prebiotic products with high fiber content among the aging population due to increasing incidences of lifestyle-related disorders. Healthcare professionals across the region recommend dietary supplements containing prebiotic ingredients to combat health challenges. Europe holds a major share of the inulin market due to large companies in the region. Additionally, more and more countries in the European Union, including Italy, Spain, Greece, Bulgaria, the Czech Republic, Poland, and Malta, are now allowing the terms “probiotic” and “prebiotic” on food supplement labels. Such existence of favorable situations for incorporating functional ingredients, mainly in the applications of food & beverages in Europe, is an important reason for the market’s steady growth in Europe. In line with this, manufacturers in the region are launching products with incorporated prebiotic fibers, which is expected to support the market’s growth during the forecast period. For instance, in August 2022, bottled water brand io fibrewater unveiled its new prebiotic fiber-infused water that has been developed to deliver 20% of the daily recommended intake of dietary fiber and 100% of the daily recommended prebiotic fiber intake.

The inulin market is highly competitive, with major players competing for market share. The major players are focusing on expanding their market share, presence, and product range to gain a competitive advantage. Most of the major players are based in North America and Europe. A few major players in the market include Beneo GmbH, Cosucra Groupe Warcoing SA, Tierra Group, Cargill Inc., and Sensus BV. New product innovations and launches are the most preferred strategic approaches adopted by most companies involved in the inulin market. Other strategies include extensive partnerships and collaborations with other firms, research institutes, and government organizations.

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