February 2019: A study on “Global Inulin Market Size 2017 By Application (Food & Beverage, Dietary Supplements, Pharmaceuticals, Others), By Region and Forecast 2018 to 2025” has been launched by Adroit Market Research. The study contains global inulin market growth in terms of volume (Kilo Tons) and revenue (USD Million) for a period of 11 years, between 2015 and 2025. The study covers key trends, such as drivers, restraints, and opportunities. Furthermore, the study on the global inulin industry encompasses detailed analysis of the market based on its value chain, Porter’s five forces, regulatory framework, and vendor landscape. The global inulin market share for different applications has been provided on a regional and country level.
The global inulin market value is estimated to reach USD 2.03 billion by 2025 driven by the increasing demand for the product as a promoter of good intestinal health. Over the past few years, probiotics have emerged as a popular supplement with ample opportunity in the food & beverage segment.
An increasing number of health-conscious consumers is supporting the penetration of inulin in the global prebiotics industry and is likely to display positive growth over the forecast period. Additionally, GRAS recognition from the US Food and Drug Administration (FDA) agency in June 2018 is likely to encourage consumers to opt for dietary fibers products, hence, increasing the driving the global inulin market share in various application.
In terms of region, Europe inulin market value exceeded USD 400 million in 2017 with corresponding demand at 165.5 kilo tons. Europe’s chicory root production accounts for a major market revenue share of nearly more than 80%, however, this percent share is likely to reduce over the foreseeable future owing to increase in production of chicory roots across other regions, such as South Africa, Asia Pacific, and Latin America.
Rising disposable income coupled with increased consumer spending on food and drinks that are beneficial to health is driving the inulin market growth in the Asia Pacific. Initially, China imported chicory roots from the Netherlands and introduced it to Chinese food additive producers. After investigating about its positive attributes, Chinese manufacturers started planting chicory roots on a large scale. Furthermore, Chinese consumers are shifting from processed food to naturally grown food, hence, contributing a healthy share within the global inulin market.
Indian inulin market is at a nascent stage as the Indian farmers possess less knowledge about the importance and marketability of chicory roots. Uttar Pradesh and Gujarat altogether account for nearly 95% of the chicory roots production in India. Even though the production of these upstream products of inulin is gaining momentum, consumption, and processing of this plant is the key factor hindering the growth of inulin as a product in the country.
Key players in the global inulin market consist of Cargill, Beneo-Orafati, Sensus, Tierra, Ciranda, Cosucra Groupe, Fenchem, Jarrow Formulas, Shandong Baolingbao Biotechnology, and Wuxi Cima Science.
Key segments of the global inulin market
Application Overview, 2015-2025 (Kilo Tons) (USD Million)
- Food & beverage
- Dietary Supplements
Regional Overview, 2015-2025 (Kilo Tons) (USD Million)
- North America
- Asia Pacific
- Central and South America
- Middle East and Africa