Growing Demand For Inulin Market To Significantly Increase Revenues Through 2022 - 2031 : Fact.MR

A recently revamped Fact.MR report expects the market for inulin to register a CAGR of 8.2% from 2021 to 2031, expected to reach a value of US$ 2.2 Bn by the end of the said forecast period. Growth is likely to bank on the increasing consumption of functional foods & beverages aimed at boosting overall immunity of consumers and reduce chronic health problems.

From 2016 to 2020, sales experienced an incline at a CAGR of 6%. During the COVID-19 pandemic, demand spiked significantly in the pharmaceutical sector. Increase in the consumption of nutraceuticals and healthy sugar-free foods led to the increased sales.

Growing popularity of prebiotic ingredients and increasing awareness campaigns for low fat and calorie reduction are expected to fuel the global inulin market during the forecast period. Moreover, government authorized food and drugs organizations across several nations have recognized inulin as a safe product, ensuring consumer safety.

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Inulin Market Key Segments

By Source
Agave Inulin
Chicory Inulin
Jerusalem Artichoke Inulin

By Form
Powdered Inulin
Liquid Inulin
By Nature
Organic Inulin
Conventional Inulin

By End Use
Inulin for Clinical Nutrition
Inulin for Dietary Supplements
Inulin for Functional Food & Beverages
Inulin for Dairy Products
Inulin for Infant Formula
Inulin for Breakfast Cereals & Cereal Bars
Inulin for Meat Products
Inulin for Animal Nutrition

Competitive Landscape

Manufacturers in the inulin market are spending in R&D efforts to make required changes to inulin and create higher quality inulin. Manufacturers are also concentrating on product development to guarantee that the company's product range stays creative in light of current market trends and end-user input.

For example, BENEO offers Orafti®, a naturally sourced fiber derived from chicory root that does not sacrifice taste or texture. It may be used to make a variety of culinary items.

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Key Takeaways from the Market Study

Global inulin market likely to reach US$ 1 Bn by 2021-end

Chicory roots derived inulin to be most preferred, growing at a CAGR of 6.5%
By form, powdered inulin consumption to surge at a CAGR of 6%, owing to easy solubility

Organic inulin sales to register an incline of 5% in value CAGR terms until 2031

Inulin for functional food & beverages to yield a revenue worth US$ 170 Mn by 2031

Competitive Landscape

The existence of a few significant corporate actors such as Jarrow Formulas (New Mountain Capital), Sensus, Cosucra Groupe Warcoing SA, and BENEO-Orafti SA has helped to solidify the inulin industry share (BENEO-Remy NV). These major inulin suppliers are focusing their efforts on inorganic and strategic activities such as new product development, acquisitions, and partnerships, as well as investments in capacity expansions, to strengthen their position in global markets.

Sensus, for example, announced intentions to invest heavily in expanding its chicory inulin manufacturing capacity beginning in 2021 in July 2020. Following the increased investment, the business expects to contract with its farmer base for more acres of chicory root.

In another case, Beneo produced organic inulin from chicory roots in April 2019 for usage in dairy products, baked goods, and cereal applications. The prebiotic fiber novelty provides digestive health advantages such as decreased blood glucose response and weight management.

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More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the global inulin market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.

The study divulges essential insights on the market on the basis of source (agave inulin, chicory inulin and Jerusalem artichoke inulin), form (powdered inulin and liquid inulin), nature (organic and conventional) and end use (clinical nutrition, dietary supplements, functional food & beverages, dairy products, infant formula, breakfast cereals & cereal bars, meat products and animal nutrition) across seven regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and Middle East & Africa).

Key Questions Answered in Report

Which are the most lucrative inulin markets?

Which factors will impact the growth of inulin?

How will changing trends impact the strategies of market players?

How can market players capture the low-hanging opportunities across regions?

Which companies are leading the inulin industry?

What are the winning strategies of stakeholders in the market?

Source - https://www.factmr.com/report/1607/inulin-market

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