Inulin Market Size Analysis, New Development, Revenue, Future Growth, Business Prospects and Forecast to 2030
An organic food-grade inulin called Orafti BIO, was launched in 2017 by BENEO GmbH. This product is made by using Blue Agave and claims to be easily incorporable in low-sugar yogurts, chocolate bars, cereal, ice-cream, because of their pleasant taste. The launch of such innovative products is anticipated to boost the global inulin market, predicts Fortune Business Insights in their recent study.
The study by Fortune Business Insights on the inulin market is titled, “Inulin Market Size, Share & Industry Analysis, By Application (Food & Beverage, Dietary Supplements, Pharmaceuticals) and Regional Forecast, 2023- 2030.” The report offers a comprehensive overview of the inulin market. It presents major trajectories such as growth drivers and restraints, along with trends and opportunities. The report also enlists major players operating in the market. The information presented in the report is extracted from both primary and secondary research methods.
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According to Fortune Business Insights, the report highlights some of the major vendors in the global inulin market. Some of these companies are listed below:
- Eli Lilly and Company
- The Tierra Group
- Cosucra Groupe Warcoing SA
- BENEO GmbH
- Jarrow Formulas
- The Green Labs LLC
- Cargill Incorporated
- TIC Gums
- Novo Nordisk
- Sensus BV
As per the report, the application of inulin in the food and beverage industry is expected to witness high growth because of the increasing demand for functional ingredients or prebiotics, texture modifiers, and sugar replacers in food. On the other side, consumer inclination towards healthy bakery and confectionery products is prognosticated to increase the demand for inulin in the confectionary and bakery segment, thus helping it witness high growth rate in the forthcoming years.
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Nutritional Properties of Inulin to Promote its Growth in Market
Inulin is basically a form of starch found in herbs, vegetables, and fruits. It has very low calories and consists of rich fiber. Inulin is also considered as a dietary fiber and helps in the growth of intestinal bacteria. Various health benefits provided by inulin helps to increase its demand in the market, thus acting as a major growth driver for the market. Other factors promoting the growth of the global inulin market include the rise in health consciousness among consumers and gradual shift from unhealthy food towards nutritional food products. In addition, inulin also helps to reduce weight and are, therefore, are anticipated to attract more revenue from the geriatric population.
On the contrary, certain factors may act as a barrier to the growth of the inulin market. Excessive consumption of inulin may cause discomfort to the digestive system, and also cause allergies. Besides this, the increasing demand for probiotics such as galacto-oligosaccharides (GOS) and mannan-oligosaccharides (MOS) may also cause hindrance to the growth of the global inulin market in the forecast duration.
Rise in Consumer Awareness with Regard to Benefits of Inulin to help Europe Emerge Dominant
The rising demand for fortified food products containing prebiotic ingredients is anticipated to help the inulin market in Europe to emerge dominant. Additionally, the presence of abundant raw materials such as chicory roots and its increasing production is also anticipated to have a positive impact on the Europe market. Other factors helping the regional market grow significantly are favorable regulatory policies with regard to the use of functional ingredients in beverage formulation and food preparation, and increasing consumer awareness about product benefits to aid gut health.
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On the other hand, the market in Asia Pacific is expected to witness rapid growth on account of the increasing demand for inulin from developing nations such as India, Japan, and others. The rise in per capita income of consumers, accompanied by the surge in health consciousness among the regional consumers is anticipated to help Asia Pacific grow rapidly in the forecast duration.
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