Inulin Market Scope
Inulin refers to fermentable fiber that is found naturally in a wide variety of fruits, vegetables, and herbs, including wheat, onions, bananas, leeks, artichokes, and asparagus. Inulin is generally extracted from chicory root and is added to foods. Dietary fibers can help to boost gut nutrition, increase feelings of fullness, aid weight loss, and lower cholesterol levels in the blood. Inulin is prebiotic that is fermented by bacteria that help to keep the colon healthy. Prebiotics has the ability to increase gastrointestinal wellbeing as well as calcium absorption. The US Food and Drug Administration (FDA) has given inulin the no-objection status of generally recognized as safe (GRAS), including long-chain inulin. Because of its adaptable processing properties, inulin is widely used in processed foods in the twenty-first century.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Beneo (Germany), Cargill (United States), Ciranda, Inc (United States), Fenchem, Inc (China), Jarrow Formulas (United States), Sensus B.V (Netherlands), Shandong Baolingbao Biotechnology Co. Ltd (China) and The Tierra Group (United States) |
CAGR | 14.4% |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Inulin market throughout the predicted period.
Beneo (Germany), Cargill (United States), Ciranda, Inc (United States), Fenchem, Inc (China), Jarrow Formulas (United States), Sensus B.V (Netherlands), Shandong Baolingbao Biotechnology Co. Ltd (China) and The Tierra Group (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are ETChem (China) and Anhui Elite Industrial Co., Ltd. (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Inulin market by Type , by Application (Granola Bars, Frozen Desserts, Nutritional Beverage Powders, Beverages and Others) and Region with country level break-up.
On the basis of geography, the market of Inulin has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In May 2022,BENEO, one of the leading manufacturers of functional ingredients, has today announced the acquisition of Dutch company, Meatless B.V., ensuring it becomes a major player in the field of plant-based texturising solutions for meat and fish alternatives.
In October , 2017, Ciranda a leading manufacturer of inulin announced that 100 percent of its shares have been sold to an Employee Stock Ownership Plan (ESOP). Ownership of Ciranda will be shared with all eligible employees through annual stock distributions, giving employees a growing ownership stake in the company. The sale became effective on October 1, 2017, at the start of the company’s fiscal year.
Influencing Trend:
Introduction of Inulin in Weight Loss Products and Adoption of Inulin in Vegan Products
Market Growth Drivers:
Increasing Demand of Inulin as It Is Rich Source of Fibre and Growing Demand for Inulin Due to Its Cholesterol Reducing Properties
Challenges:
Inulin Can Have Side Effects Like Abdominal Cramping and Industrial Inulin Production Is Dependant on Production of Chicory Roots
Restraints:
Inulin Could Be Allergic to Some Individuals
Opportunities:
Increasing Demand of Natural Products Will Increase the Demand for Inulin and Growing Adoption of Inulin in Medicinal Products Will Increase Its Demand
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Inulin Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others