Inulin Market Size - By Product (Chicory Root Inulin, Jerusalem Artichoke Inulin (High-performance (HP) Inulin), Nature (Organic, Conventional), Application (Food & beverages, Dietary Supplements, Pharmaceuticals, Animal Feed), Form & Forecast, 2024 - 203

Inulin Market Size - By Product (Chicory Root Inulin, Jerusalem Artichoke Inulin (High-performance (HP) Inulin), Nature (Organic, Conventional), Application (Food & beverages, Dietary Supplements, Pharmaceuticals, Animal Feed), Form & Forecast, 2024 - 2032

Inulin market size is projected to expand at over 6.2% CAGR from 2024 to 2032, driven by increasing awareness of health benefits, such as digestive health improvement and weight management. The growing demand for natural and functional ingredients in the food & beverage sector is increasing the popularity of inulin as a prebiotic. Additionally, the rising prevalence of lifestyle-related diseases is encouraging consumers to seek healthier dietary choices.

Innovations in food formulations and the incorporation of inulin in various offerings will add to the product consumption. For instance, in May 2023, Blume Prebiotic Tonic, an Australian beverage brand, introduced a gut-friendly soda range, comprising plant fiber prebiotics, including acacia fiber, Jerusalem artichoke inulin, and chicory root inulin for promoting a healthy gut microbiome with natural ingredients. Moreover, expanding application scope in pharmaceuticals and dietary supplements will further complement the industry growth.

The inulin industry is segregated into product, nature, form, application, and region.

The market value from the liquid form segment is estimated to rise at 5.7% growth rate through 2032. This can be attributed to the convenience of incorporating liquid inulin into beverages and liquid food products. Liquid form offers easy integration, further enhancing application in functional drinks and promoting digestive health. Moreover, the increasing consumer preference for convenient as well as functional food and beverage options will fuel the segment expansion.

In terms of application, the animal feed segment is projected to accumulate sizeable share of the inulin market, depicting 6.9% CAGR through2032. The growth is due to the increasing recognition of inulin as a prebiotic in animal nutrition. Lately, the demand for natural and functional ingredients in animal feed has substantially increased. Significant role in promoting digestive health, improving nutrient absorption, and supporting the overall animal well-being will escalate the product appeal.

Regionally, the Asia Pacific inulin market size is projected to depict 6.5% CAGR between 2024 and 2032. The increasing focus on health and wellness is leading to the heightened demand for natural and functional ingredients. Furthermore, the growing awareness of digestive health benefits of inulin coupled with its application versatility in various food products will drive the regional market expansion.