At a CAGR of 8.05%, Inulin Market to Reach US$ 2.33 Billion by 2027

According to the latest report by IMARC Group, titled "Inulin Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2022-2027; the global market reached a value of US$ 1.47 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.33 Billion by 2027, exhibiting at a CAGR of 8.05% during 2022-2027.

Inulin is a naturally occurring polysaccharide belonging to a class of dietary fibers. It is produced various vegetables, fruits, and herbs, including wheat, artichokes, onions, bananas, leeks, and asparagus. Industrially, it is mainly extracted from chicory. Typically found in rhizomes or roots, plants use inulin as a means of storing energy. The element is commonly used for weight loss, relieving constipation, maintaining diabetes, lowering high blood fats, minimizing cholesterol absorption, and minimizing the risk of osteoporosis. It is low in calories, easily dissolvable in water, and a rich source of fiber, which is why it is commonly used to prepare salad dressings and margarine as a fat substitute. 

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The global market is primarily driven by the growing application of inulin in the dairy industry to formulate confectionery items, yogurt, milk desserts, baked goods, fresh cheese, and chocolates. The increasing consumer awareness regarding the benefits of inulin has prompted a shift in the dietary preferences of consumers, which, in turn, is accelerating the market growth. Besides this, the rising product application in the pharmaceutical industry as a vaccine stabilizer, drug delivery agent, and coating for tablets and capsules is boosting the market growth. Moreover, the surging prevalence of diabetes and growing concerns about gut health are creating a positive outlook for the market. 

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Competitive Landscape: 

BENEO GmbH (Südzucker AG)
Cargill Incorporated
Ciranda Inc
Cosucra Groupe Warcoing SA
Jarrow Formulas Inc
NOW Foods
Nutriagaves Group
PMV Nutrient Products Pvt Ltd
Sensus B.V. (Coöperatie Koninklijke Cosun U.A.)
Steviva Brands Inc
The Tierra Group.

Key Market Segmentation:

Based On Type:

Jerusalem Artichoke Inulin
Chicory Inulin
Agave Inulin 

Based On Form:

Powder
Liquid

Based On Nature:

Organic
Conventional

Based On Application:

Pharmaceuticals
Dietary Supplements
Food and Beverage
Bakery and Confectionery Products
Cereals
Meat Products
Sports Drinks
Dairy Products
Others

Based On Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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Key highlights of the report:                                                             

Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape

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