Inulin Market Synopsis
The global Inulin Market was valued at USD 1.72 Billion in 2023 and is expected to reach USD 2.91 Billion by the year 2032, at a CAGR of 6.8%
Inulin is a type of soluble fiber found in certain plants, particularly in the roots or rhizomes of vegetables like chicory, Jerusalem artichokes, and onions. It's a polysaccharide, meaning it's made up of multiple sugar molecules. Despite being a carbohydrate, inulin is not digested or absorbed in the small intestine like most sugars. Instead, it travels to the colon, where it serves as a prebiotic, nourishing beneficial bacteria in the gut. This fermentation process produces short-chain fatty acids, which offer various health benefits, including improved digestion, enhanced immune function, and potentially even lowering the risk of certain diseases like colon cancer.
- Inulin, a type of dietary fiber derived from chicory roots, offers numerous health benefits, including improving digestive health, promoting weight loss, and aiding in blood sugar control. As consumers become increasingly health-conscious, there's a growing interest in natural, functional ingredients like inulin.
- Moreover, inulin's versatility makes it a desirable ingredient for food manufacturers. It can be used as a fat or sugar replacer, a prebiotic additive, or a texturizer in a wide range of products such as dairy, bakery, beverages, and supplements. This adaptability has led to its incorporation into an expanding array of food and beverage formulations.
- Additionally, the rise of functional foods and beverages, which offer health benefits beyond basic nutrition, has propelled the demand for inulin. With consumers seeking products that support their overall well-being, there's a significant market opportunity for inulin-enhanced offerings.
The Inulin Market Trend Analysis
Increasing Consumersā Interest in Prebiotics
- Prebiotic inulin is becoming more well-liked among consumers all over the world as people realize how crucial gut health is. Prebiotics like inulin are becoming more popular because consumers want better digestion, a reduced stress response, better hormonal balance, and a decrease in cardiovascular diseases. As a result, producers are showing interest in using functional ingredients like inulin to create functional food, beverage, and health supplement products.
- Inulin is widely used in adult products, and it is being added to infant formula or milk more frequently to help babies' and young children's intestinal microflora. Inulin is a perfect ingredient for the nutrition of infants and young children because of its neutral flavor, which guarantees that it does not alter the product's original flavor. Manufacturers are taking advantage of this rising interest by releasing cutting-edge products like Beneo Orafti Synergy1 inulin, an infant formula fortified with oligofructose that has beneficial prebiotic effects on newborns and may address neonatal nutrition.
Growing Demand for Plant-Based & Vegan Products
- Demand for products that support ethical choices has increased dramatically as a result of the global trend toward vegan and plant-based diets. Inulin, a completely plant-based and vegan product, is at the forefront of this transformative trend and has quickly gained popularity among vegans and those looking for plant-based food alternatives. The inulin market now has a compelling opportunity as a result of the rising demand for plant-based diets because it can take advantage of this trend.
- Notably, the growth in the use of organic and plant-based ingredients in pharmaceutical and nutraceutical formulations is fueling the market for inulin. In addition to satisfying the growing demand for ingredients derived from plants, this gradual incorporation of inulin into these formulations offers a special chance for the inulin market to grow. The compatibility of inulin with these industries highlights its adaptability and versatility as a functional ingredient that appeals to consumers who are concerned about their health.
Inulin Market Segmentation Analysis
Inulin market segments cover the Nature, Source, Form, and Application. By Application, the Food & Beverage, segment is anticipated to dominate the Market Over the Forecast period.
- The inulin market is dominated by the food and beverage segment, demonstrating this sector's significant influence and importance within the food industry. The widespread use of inulin is facilitated by the segment's further diversification into a number of categories, including dairy products, bakery and confectionery, meat products, and beverages. The versatility of inulin is one of the main factors influencing its use in the food and beverage industry. Due to its many uses in the food industry, inulin is a very sought-after ingredient. It is used in a variety of food products as a texture enhancer, prebiotic, or functional ingredient in place of sugar.
- The market for baked goods and sweets is seeing an increase in inulin demand. Inulin perfectly complements the trend among consumers toward healthier bakery and confectionery options. In order to satisfy the changing preferences of today's consumers, manufacturers are able to produce confectionery and bakery goods that are not only delicious but also healthy. The fact that inulin is present naturally in a variety of plant-based foods, including chicory, artichokes, asparagus, leeks, onions, and garlic, emphasizes how well-suited it is to the human diet. Since prehistoric times, it has been a staple of the human diet, with some early humans consuming quantities that are noticeably higher than those found in modern diets.
The Inulin Market Regional Analysis
Europe is Expected to Dominate the Market Over the Forecast Period.
- The rising demand for fortified food items that include prebiotic ingredients like inulin is one of the main forces behind Europe's dominance. The demand for healthier dietary options among consumers has significantly increased the momentum of this trend.
- The abundance of raw materials available to Europe is especially advantageous because chicory roots are the main source of inulin. The region's inulin market is anticipated to grow significantly as a result of the rising production of chicory roots in Europe. This supply of raw materials fuels Europe's booming inulin production sector. Additionally, consumers in Europe are becoming more aware of the numerous advantages of inulin for promoting gut health.
- This heightened awareness, coupled with favorable regulatory policies regarding the use of functional ingredients in food and beverage formulation, is expected to drive the demand for inulin-based products in the European market. The widespread use of inulin as a healthy alternative to fat and sugar in the food and beverage industry is one of the main factors driving the market for inulin in Europe. Notably, there has been an increase in demand for food products that have prebiotic ingredients like inulin added to them in the United Kingdom.
- Sales of bakery, dairy, and meat products have increased throughout the nation over time, in line with consumer preferences for healthier options. With significant imports worth USD 2.9 billion, the United Kingdom became the second-largest global market for baked goods in 2020, according to data from Agriculture and Agri-Food Canada. The United Kingdom also saw the introduction of a sizable number of new bakery products, highlighting the market expansion potential of the nation.
Top Key Players Covered in The Inulin Market
- Sensus NV (US)
- Ciranda Inc. (US)
- The Green Labs LLC (US)
- The Ingredient House (TIH) (US)
- Archer Daniels Midland Company (US)
- Jarrow Formulas Inc. (US)
- NOW Foods(US)
- The Tierra Group (US)
- Nutriagaves Group (US)
- Steviva Brands Inc (US)
- Cargill Incorporated (US)
- IntrinsicOrganics (US)
- Nova Green Inc. (Canada)
- Novo Nordisk (Denmark)
- BENEO GmbH (Germany)
- Cosucra Groupe Warcoing SA (Belgium)
- Sensus BV (Netherlands)
- Naturel West Corp EU B.V. (Netherlands)
- Nexira (France)
- Adept Impex Private Limited (India)
- Bioven Ingredients (India)
- PMV Nutrient Products Pvt Ltd (India)
- Shandong Baolingbao Biotechnology Co. Ltd (China)
- Bioway (Xi'An) Organic Ingredients Co., Ltd (China)
- Dingxi Longhai Dairy Co. Ltd. (China), and Other Major Players
Key Industry Developments in the Inulin Market
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In June 26, 2023, Wisdom Natural Brands, the top sugar substitute brand in the natural channel, announced the expansion of its Sweet Leaf product line in Gilbert, Ariz. The new offerings include two zero-calorie sweeteners and three 50% reduced-calorie sugars, including the first reduced-calorie coconut and date sugars, providing natural alternatives with no artificial ingredients or erythritol.
In May 2024, Sanofi completed its $1.7 billion acquisition of Inhibrx, adding SAR447537 to its rare disease pipeline. Approved by Inhibrx shareholders on May 24, the deal offers $30.00 per share and a potential $5.00 per share upon regulatory milestone. SAR447537 aims to improve treatment for alpha-1 antitrypsin deficiency (AATD) with monthly dosing.
Inulin Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1.72 Bn. |
Forecast Period 2022-30 CAGR: |
6.8% |
Market Size in 2032: |
USD 2.91 Bn. |
Segments Covered: |
By Type |
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By Source |
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By Form |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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- INTRODUCTION
- RESEARCH OBJECTIVES
- RESEARCH METHODOLOGY
- RESEARCH PROCESS
- SCOPE AND COVERAGE
- Market Definition
- Key Questions Answered
- MARKET SEGMENTATION
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GROWTH OPPORTUNITIES BY SEGMENT
- MARKET LANDSCAPE
- PORTERāS FIVE FORCES ANALYSIS
- Bargaining Power Of Supplier
- Threat Of New Entrants
- Threat Of Substitutes
- Competitive Rivalry
- Bargaining Power Among Buyers
- INDUSTRY VALUE CHAIN ANALYSIS
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- Challenges
- MARKET TREND ANALYSIS
- REGULATORY LANDSCAPE
- PESTLE ANALYSIS
- PRICE TREND ANALYSIS
- PATENT ANALYSIS
- TECHNOLOGY EVALUATION
- ANALYSIS OF THE IMPACT OF COVID-19
- Impact On The Overall Market
- Impact On The Supply Chain
- Impact On The Key Manufacturers
- Impact On The Pricing
- Post COVID Situation
- MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
- Geopolitical Market Disruptions
- Supply Chain Disruptions
- Instability in Emerging Markets
- ECOSYSTEM
- PORTERāS FIVE FORCES ANALYSIS
- INULIN MARKET BY NATURE (2017-2032)
- INULIN MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- ORGANIC
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 ā 2032F)
- Historic And Forecasted Market Size in Volume (2017 ā 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- CONVENTIONAL
- INULIN MARKET BY SOURCE (2017-2032)
- INULIN MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- AGAVEINULIN
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 ā 2032F)
- Historic And Forecasted Market Size in Volume (2017 ā 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- CHICORYINULIN
- JERUSALEM ARTICHOKE
- INULIN MARKET BY FORM (2017-2032)
- INULIN MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- POWDER
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 ā 2032F)
- Historic And Forecasted Market Size in Volume (2017 ā 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- LIQUID
- INULIN MARKET BY APPLICATION (2017-2032)
- INULIN MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- FOOD AND BEVERAGE
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 ā 2032F)
- Historic And Forecasted Market Size in Volume (2017 ā 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- DIETARY SUPPLEMENTS
- PHARMACEUTICALS
- ANIMAL FEED
- COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- INULIN Market Share By Manufacturer (2022)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- SENSUS NV (US)
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves And Recent Developments
- SWOT Analysis
- CIRANDA INC. (US)
- THE GREEN LABS LLC (US)
- THE INGREDIENT HOUSE (TIH) (US)
- ARCHER DANIELS MIDLAND COMPANY (US)
- JARROW FORMULAS INC. (US)
- NOW FOODS (US)
- THE TIERRA GROUP (US)
- NUTRIAGAVES GROUP (US)
- STEVIVA BRANDS INC (US)
- CARGILL INCORPORATED (US)
- INTRINSICORGANICS (US)
- NOVA GREEN INC. (CANADA)
- NOVO NORDISK (DENMARK)
- BENEO GMBH (GERMANY)
- COSUCRA GROUPE WARCOING SA (BELGIUM)
- SENSUS BV (NETHERLANDS)
- NATUREL WEST CORP EU B.V. (NETHERLANDS)
- NEXIRA (FRANCE)
- ADEPT IMPEX PRIVATE LIMITED (INDIA)
- COMPETITIVE LANDSCAPE
- GLOBAL INULIN MARKET BY REGION
- OVERVIEW
- NORTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Impact Of Covid-19
- Key Manufacturers
- Historic And Forecasted Market Size By Segment1
- Historic And Forecasted Market Size By Segment2
- Historic And Forecasted Market Size By Segment3
- Historic And Forecasted Market Size By Segment4
- Historic And Forecasted Market Size By Segment5
- Historic And Forecasted Market Size By Segment6
- Historic And Forecasted Market Size By Country
- USA
- Canada
- Mexico
- EASTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Impact Of Covid-19
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest Of Eastern Europe
- WESTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Impact Of Covid-19
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Germany
- United Kingdom
- France
- The Netherlands
- Italy
- Spain
- Rest Of Western Europe
- ASIA PACIFIC
- Key Market Trends, Growth Factors And Opportunities
- Impact Of Covid-19
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New-Zealand
- Rest Of APAC
- MIDDLE EAST & AFRICA
- Key Market Trends, Growth Factors And Opportunities
- Impact Of Covid-19
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- SOUTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Impact Of Covid-19
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Brazil
- Argentina
- Rest of South America
- INVESTMENT ANALYSIS
- ANALYST VIEWPOINT AND CONCLUSION
- Recommendations and Concluding Analysis
- Potential Market Strategies
Inulin Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1.72 Bn. |
Forecast Period 2022-30 CAGR: |
6.8% |
Market Size in 2032: |
USD 2.91 Bn. |
Segments Covered: |
By Type |
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By Source |
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By Form |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Inulin Market research report is 2024-2032.
Beneo (Belgium), Cosucra (Belgium), Sensus (Netherlands), Ingredion (USA), Cargill (USA), The Tierra Group (Mexico), Qinghai Weiyi Biotechnology Co., Ltd. (China), Jiangxi Inulin Powder Co., Ltd. (China), Jarrow Formulas (USA), NutriScience Innovations LLC (USA), AM Nutrition (Spain), Now Foods (USA), Goya Foods (USA), The Green Labs LLC (USA), Shaanxi Jintai Biological Engineering Co., Ltd. (China), JF Naturals (USA), Ciranda (USA), Raftiline (France), Taiyo International (Japan), Frutalose (Belgium), Jiaxing Renze Import & Export Co., Ltd. (China), AHD International LLC (USA), Organic Technologies (USA), Pure Circle (Malaysia), Hebei Huaxu Pharmaceutical Co., Ltd. (China), and Other Major Players.
The Inulin Market is segmented into Nature, Source, Form, Application, and region. By Nature, the market is categorized into Organic and conventional. By Source, the market is categorized into Agaveinulin, Chicoryinulin, and Jerusalem Artichoke. By Source, the market is categorized into Powder and liquid. By Application, the market is categorized into Food and beverage, Dietary Supplements, Pharmaceuticals, and Animal Feed. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Inulin is a type of soluble fiber found in certain plants, particularly in the roots or rhizomes of vegetables like chicory, Jerusalem artichokes, and onions. It's a polysaccharide, meaning it's made up of multiple sugar molecules. Despite being a carbohydrate, inulin is not digested or absorbed in the small intestine like most sugars. Instead, it travels to the colon, where it serves as a prebiotic, nourishing beneficial bacteria in the gut. This fermentation process produces short-chain fatty acids, which offer various health benefits, including improved digestion, enhanced immune function, and potentially even lowering the risk of certain diseases like colon cancer.
The global Inulin Market was valued at USD 1.72 Billion in 2023 and is expected to reach USD 2.91 Billion by the year 2032, at a CAGR of 6.8%