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Inulin Market to Reach Valuation of US$ 2.2 Bn by 2031: Transparency Market Research

Inulin Market: Introduction

A recent study published by Transparency Market Research on the inulin market includes global Industry analysis and opportunity assessment for 2021-2031. The revenue generated from the inulin market in Europe was valued at US$ 378.2 Mn in 2021, which is estimated to rise at a CAGR of 6.3%, to reach US$ 697.8 Mn by 2031. Germany, France, and the U.K. account for a significant share of Europe inulin market, powered by high per capita consumption.

global inulin market

Growing Consumer Preference for Natural Food Ingredients

The way consumers are seeing natural food ingredients has changed their purchasing pattern. The adequacy of natural products and health benefits associated with them are the most decisive factors for the expansion of natural products and consequently, for the inulin market. Customer preferences have been leaning toward natural ingredients due to various diseases and people being allergic to synthetic ingredients. This has proved to be beneficial for dietary supplements segment, as they are based on natural ingredients, which enhance health and wellness. Thus, the increasing demand for ingredients derived from natural products is expected to bolster the use of inulin in different food products.

Increasing Consumer Awareness towards Preventative Healthcare

Health and wellness are the core concerns among consumers in both, developed and developing countries. Increasing pollution, urbanization, busy lifestyle, and excessive working hours are key factors affecting human health. Owing to this, consumers across the world are becoming more health-conscious, which results in increased consumption of healthy and functional food & beverage products.

The millennial population consumes energy drinks or supplements to maintain everyday energy levels of the body. An average working-class consumer consumes energy supplement and drinks products in the prevention of energy deficiency, owing to the exhaustion of work and other activities. These are the key factors fueling the demand for energy supplement products. The increasing demand for energy supplements is expected to propel the inulin market.

Rising Demand for More Efficient Animal Feed Solutions

Feed prices are prohibitively high with detrimental effects on producer profitability and consumer prices, which compels farmers to search for alternatives in saving feed cost without hampering the animal performance.

Healthy gut microbiota are key to efficient nutrient absorption, ensuring stable growth and wellbeing of all animal species. The inulin is a non-digestible oligosaccharides that is fermented in the gastrointestinal tract of farm animals and pets. Inulin can support animal performance and health by affecting nutrient digestion, gut microflora, and gut morphology.

  • BENEO is one of the few ingredient suppliers providing a specific feed-grade portfolio of inulin-type fructans derived from the chicory root: inulin and oligofructose

Challenges for Wheat Starch Manufacturers

The tightening of regulations around supplement manufacturing, product safety, and efficacy claims about food products hinder market growth. Over the past year, there has been a noted increase in FDA enforcement actions pertaining to food and dietary supplement labelling violations. Manufacturers will need to be more careful with the language they chose to put on labels to avoid making either implied nutrient content claims or efficacy/health benefit claims. Tighter regulations will also be applied to manufacturing processes and practices in order to ensure quality and safety in light of recent recalls. These factors are expected to slow down the growth of the Inulin market.

Inulin Market Segmentation

Inulin Market by Nature

  • Organic
  • Conventional

Inulin Market by Source

  • Agave
  • Chicory
  • Jerusalem Artichoke
  • Others

Inulin Market by Form

  • Powder
  • Liquid

Inulin Market by Application

  • Food & Beverages
    • Bakery & Confectionary
    • Dairy Products
    • Meat Products
    • Snacks & Cereals
    • Others
  • Dietary Supplements
  • Pharmaceuticals
  • Animal Feed

Inulin Market by Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

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