Global Inulin and Fructooligosaccharide Market to Expand at a CAGR of 5.7% Over 2018-2026
According to the published research report, the global inulin and fructooligosaccharide market was at the valuation of US$1,635 mn back in the year 2018. The market is projected to exhibit an impressive CAGR 6.2% during the course of the given forecast period of 2018 to 2026.
In terms of geographical segmentation, there are five key regions that divide the global inulin and fructooligosaccharide market. These regions are North America, Asia Pacific, Middle East and Africa, Europe, and Latin America. Of these, currently, the global inulin and fructooligosaccharide market is dominated by the Asia Pacific region. The regional segment is expected to show a promising rate of growth in the coming years of the forecast period and continue its domination. In addition to this, growing demand from emerging economies such as India and China coupled with booming food and beverage industry in the region are expected to push the development of the market in Asia Pacific. On the other hand, the regional segments of North America and Europe are also projected to witness promising growths in the near future.
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Booming Food and Beverage Sector Helping Market Development
There are multiple factors that are responsible for driving the growth of the global inulin and fructooligosaccharide market. One of the biggest driving factor for the market growth has been the growing influence of the food and beverage sector. The leading manufacturers in the food and beverages sector are concentrating on developing low-calorie sweeteners with the aid of inulin and fructooligosaccharide. During this, they are ensuring that the shelf-life, texture, and taste of the final product remains intact. Such developments are thus helping to push the development of the global inulin and fructooligosaccharide market.
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Growing Prevalence of Diabetes is Pushing Market Growth
Another important factor that is helping to drive the growth of the global inulin and fructooligosaccharide market is the growing prevalence of diabetes. Processed sweeteners and artificial sweeteners are among the leading causes of the diabetes. The growth of the inulin and fructooligosaccharide market is due to their growing demand in order to cut down the use of these artificial sweeteners.
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