What is Chicory Root Inulin Market?
Chicory root inulin is a soluble fiber that is naturally grown in the chicory plant, inulin is the dietary fiber that is obtained from these plants having a substantial body for supporting human health. The chicory root inulin is used in processed foods, dairy products, pharmaceutical products, and nutritional supplements. It helps in reducing the fat, and calories while giving taste and texture to the product. It has several health benefits such as helping in controlling diabetes, improving digestive health, and weight loss.
Highlights from Chicory Root Inulin Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Cargill, Incorporated (United States), Cosucra Groupe Warcoing SA (Belgium), BENEO GmbH (Germany), Jarrow Formulas, Inc. (United States), Tierra Group (United States), Cooperatie Koninklijke Cosun UA (Netherlands), Fenchem Biotek Ltd. (China) and Sciphar Natural Products Co., Ltd. (China) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Cargill, Incorporated (United States), Cosucra Groupe Warcoing SA (Belgium), BENEO GmbH (Germany), Jarrow Formulas, Inc. (United States), Tierra Group (United States), Cooperatie Koninklijke Cosun UA (Netherlands), Fenchem Biotek Ltd. (China) and Sciphar Natural Products Co., Ltd. (China) are some of the key players profiled in the study. Chicory Root Inulin Market Segmentation:
Scope | Sub-Segments |
---|
Application / End User | Baked Goods, Dairy Products, Beverages, Pharmaceuticals, Dietary Supplements and Others |
Form | Powdered,Solid |
Distribution Channel | Supermarket,Hypermarket,Online Store,Others |
On the basis of geography, the market of Chicory Root 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Use of Prebiotic Chicory Root Inulin in Dietary Supplements
Market Growth Drivers:
Rising Weight Loss and Health Concern is Increasing the Demand for Chicory and Demand for Inulin Containing Pharmaceutical Products
Challenges:
Regulatory Guidelines and Standards on Chicory Root Inulin Products
Restraints:
Side Effects Associated with Consumption of Excessive Chicory Root Inulin Products
Opportunities:
Growing Awareness about the Consumption of Nutritional Supplements will Boost the Chicory Root Inulin Market
Key Target Audience
Chicory Root Inulin Producers, Chicory Root Inulin International Traders, Chicory Root Inulin Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies, Upstream and Downstream Buyers and Others
Market Leaders & Development Strategies
On 17th June 2020, Beneo introduced two new ingredients: Orafti organic chicory root fiber and Remyline O AX DR organic waxy rice starch. The Orafti organic chicory root fiber, which will be available in September, is grown and harvested by organic farmers in Belgium. Inulin and oligofructose in chicory root fiber are plant-based prebiotic fibers, according to the International Scientific Association for Probiotics and Prebiotics.
On 3rd March 2020, BENEO, one of the leading manufacturers of functional ingredients, announced a significant expansion for its chicory root production facility in Chile by 2022, which is being funded by an investment of more than 50 million euros. The news comes following rising demand for BENEO’s chicory root fibers, inulin, and oligofructose, as consumer interest in digestive health continues to grow. Worldwide consumers are paying more attention to their digestive health and are gaining further understanding of the intrinsic link between the gut microbiome and its beneficial effect on overall well-being.
The new health claim approved by the European Commission confirms that indigestible carbohydrates such as dietary fiber from the chicory root, also known as inulin or fructo-oligosaccharides, contribute to better blood sugar management as they support a smaller increase in the blood sugar response. The scientific evidence submitted to the European Food Safety Authority (EFSA) by Sensus together with other manufacturers of chicory root fibers prompted the amendment to the regulation. The new regulation, which is based on scientific knowledge, falls under Article 13.5 of the EU regulation on nutrition and health claims. After the new claim has been published in the EU Official Journal (probably within four to six weeks), manufacturers of Sensus chicory root fibers can state the following in their products: "The consumption of foods and beverages that contain chicory root fibers instead of sugar leads to a lower increase in blood sugar consumption compared to sugary foods and beverages ”.