Felton, 26 November
2019 - Inulin Market demand was estimated
at 246.5 kilo tons in 2013. The demand is for these products is expected to
witness rapid growth owing to increasing usage of prebiotic ingredients for
production of different food & beverages products. The growing application
in manufacturing of dairy products such as ice creams, yogurts, and cheese is
expected to further augment demand for inulin over the forecast period.
Increasing awareness regarding low sugar consumption and low calorie foods due
to rise in lifestyles related disease is expected to a have positive impact on
inulin demand over the forecast period.
Growing popularity of nutraceuticals is expected to
positively impact market demand as it is used in these products as a functional
ingredient. U.S. FDA has categorized inulin as a safe product owing to which
manufacturers now prefer these products over other substitutes. It is used in
inhibiting growth of pathogenic bacteria which aids in getting better colon
health. Rising cultivations of chicory roots in Europe and China is likely to
boost consumption of inulin in end-use industries.
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Application
Insights
Food & beverages dominated the application segment and
accounted for over 65% of market share by volume in 2013 and is expected to
witness growth over the forecast period owing to rising usage of probiotic
functional ingredients that aid in reduction of sugar level and improving gut
health. Inulin contains non-digestable fiber which helps in stimulating
bacterial growth in human body, owing to which the demand for these products in
dietary supplements is expected to remain high over the forecast period. The
other applications of inulin include coating, construction, and animal feed
industries.
Regional Insights
Europe dominated the global inulin market by accounting over
40% in 2013 and is expected to witness growth on account of regulatory support
over the usage of functional ingredients in food & beverage industry in
this region. Slow growth of food & beverage industry in Spain, Italy, and
Germany coupled with European Commission’s limitation over the production quota
of inulin is expected to act as a challenge to the market growth.
North America is the second largest market driven by rising
health awareness and growing expenditure on wellness products. The rising
innovation on sugar free products coupled with growing demand for diverse low
fat and dietary supplements is expected to boost demand for these food
ingredients.
Growing dairy industry in Asia Pacific countries such as
China and India owing to strong regulatory support coupled with growing
domestic demand is expected to propel the inulin demand. The market in India
has received a boost as the government is providing subsidies for farmers
involved in the cultivation of chicory roots. Growing food & beverage
industry in Brazil and Saudi Arabia is expected to have a positive impact on
inulin demand over the forecast period.
Competitive
Insights
The industry environment is competitive due to the presence
of less number of manufacturers. Key players in the market are Cosucra, Sensus,
Jarrow Formulas, and Beneo-Orafti. Technological advancements coupled with new
product development and strategic partnerships are the key factors responsible
for growing market share.
Market Segment:
Global Inulin
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Food &
Beverage
• Dietary
Supplements
•
Pharmaceuticals
• Others
Global Inulin
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• North
America
• Europe
• Latin
America
• Asia Pacific
• MEA
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