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Global Inulin and Fructooligosaccharide Market Analysis 2019 by Technological Progress, Regional Outlook And Forecast to 2025
Global Inulin and Fructooligosaccharide Market 2019, Global Inulin and Fructooligosaccharide Market Growth,
Inulin and Fructooligosaccharide Market by Type (Fructooligosaccharide, Inulin), Nature (Organic, Conventional), Source, Form, End Use, Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.
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Prominent companies in the industry include Sensus, Nutriagaves de Mexico S.A de C.V., GTC Nutrition., Baolingbao Biology, Co. Ltd., Cheil Foods & Chemicals Inc.among others. Leaders are providingbetter opportunities and continuously focused on new product developments and venture capital investments to capture market share.For instance, in 2017, Beneo'soligofructose received the status of 'Generally Recognized as Safe' (GRAS), for the use in the infant formula by the United States Food and Drug Administration (FDA). Thus, it would help dairy farmers protect feed quality and improve safety during silage making.
The type segment is classified into fructooligosaccharide and inulin. The fructooligosaccharide segment is dominating the market in 2017. Fructooligosaccharides are used in various applications on account of the easy availability of raw materials. Easy obtainability of the raw material causes low manufacturing cost, thereby, increasing the production of fructooligosaccharides. Nature segment includes organic and conventional. The organic segment is dominating the market with the highest share in 2017. The fructooligosaccharide and inulin are organic sweeteners and acts as the best sugar substitutes. They are mainly mixed with other sweeteners to reduce the calories present in sweeteners. Source segment is divided into segments such as agave, chicory, Jerusalem artichoke, and others. Agave segment is dominating the market in 2017. FOS is mainly extracted from the blue agave plant as well as fruits and vegetables such as bananas, onions, chicory root, garlic, asparagus, jícama, and leeks. The formed segment includes powder and liquid. The powder segment held market share in 2017. FOS is mainly available in powder form due to its efficient product formulation and shelf life. The end use segment includes clinical nutrition, dietary supplements, functional food & beverages, dairy products, infant formula, breakfast cereals & cereal bars, meat products, animal nutrition, and pet food. The infant formula segment is dominating the market and valued around in 2017.
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Increasing consumer preference to opt sugar, fat and calorie reduction trend is a major factor driving the market. In addition, increasing demand for dietary supplements in the market and growing concerns towards gut health also influence the demand. However, it involves heavy R&D cost which may obstruct the growth of the market. Nevertheless, increasing demand for functional beverage and food products is expected to pave the way to new entrants in the inulin and fructooligosaccharide market in the near future.
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