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

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