Inulin Market Growth To Register Steller Growth Owing To Increasing Adoption By -Use Applications

A recently revamped Fact.MR report expects the market for inulin to register a CAGR of 8.2% from 2021 to 2031, expected to reach a value of US$ 2.2 Bn by the end of the said forecast period. Growth is likely to bank on the increasing consumption of functional foods & beverages aimed at boosting overall immunity of consumers and reduce chronic health problems.

From 2016 to 2020, sales experienced an incline at a CAGR of 6%. During the COVID-19 pandemic, demand spiked significantly in the pharmaceutical sector. Increase in the consumption of nutraceuticals and healthy sugar-free foods led to the increased sales.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Inulin market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Inulin

This newly published and insightful report sheds light on Market Insights of Inulin, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Inulin Market.

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The report further elaborates on the inulin market taxonomy based on the segments like source, form type, nature type, end uses and regions.Based on source type the report delivers accurate values on chicory inulin, agave inulin and Jerusalem Artichoke.The inulin market is further segmented on the basis of form type such as powder and liquid.

Based on end use of inulin, market is divided into

  • Clinical Nutrition
  • Dietary Supplements
  • Functional Food & Beverages
  • Dairy Products
  • Infant Formula
  • Breakfast Cereals & Cereal Bars
  • Meat Products
  • Animal Nutrition.

On the basis of nature, the inulin market is divided into organic inulin and conventional inulin.

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From the geographical point of view, the regional analysis of the inulin market has been represented in the following regions

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific
  • Middle East and Africa
  • Japan

The regional segmentation also discusses some of the historical, current and future trends in the inulin market across the aforementioned regions.

Inulin Market Scope Of The Report

Fact.MR has collated a report on inulin market forecast, trend analysis & competition tracking – global review 2018 to 2028.

The report provides historical data of 2013 along with the estimated data for 2018 and forecast data up to 2028 in terms of value (US$ Mn) and volume (MT).

According to the report, in terms of value, the inulin market is expected to grow at a moderate CAGR of 5.3% during the review period.

This study reveals the market trends and market dynamics in a total seven geographical regions including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, Asia Pacific excluding Japan, and Japan. The report also comprises the study of current issues with consumers and opportunities for inulin.

The primary objective of the report is to offer insights into the development of the inulin market at a global space that are gradually transforming the global businesses associated with the production and consumption of inulin.

Fact.MR’s new study on the inulin market has unveiled interesting insights about a rapidly evolving landscape. Recent FDA approval of inulin as a GRAS (Generally Recognized as Safe) product in dietary fiber category and increasing consumption of dietary supplements are expected to bode well for the inulin market in the coming decade. While inulin has been used as an ingredient by manufacturers, its inclusion in the FDA’s new definition of dietary fibers is set to be beneficial not only for inulin producers but for end users who are seeking clean labelled products – these developments are likely to augur well for the inulin market, according to the report.

The research study offers in-depth insights on the key factors influencing inulin market growth. According to the report, investment in new product development and introduction of novel inulin-based products remain the key strategies adopted in inulin market. Considering the growing fragmentation in the inulin market, and palpable preference towards premium brands, proliferation of high-quality products is highly likely in this landscape.

Global consumption of dietary supplements and functional foods is rising at an exponential rate. Prominently driven by this consumer trend, the growth trajectory of the inulin market is expected to witness a persistent rise during the foreseeable future. Strengthening of supply chains and expansion of shipping routes are likely to reduce fluctuations in demand-supply equilibrium.

Demand for inulin remains concentrated in the dietary supplements industry on the back of pervasive ‘health and wellness’ trend. The lucrativeness of dietary supplements industry for prospects of inulin manufacturers can be gauged from the fact that this segment currently accounts for nearly one-third revenue share of the overall inulin market. The report opines that FDA approval of inulin as GRAS product will create sustained opportunities for stakeholders in the inulin market.

The comprehensive research study also tracks inulin market in key regions, and offers an objective analysis on the future outlook. According to the study, Western Europe will continue to be the largest market for inulin globally. The demand for inulin in Western Europe is likely to be concentrated in the EU5.

The U.S. inulin market is becoming more organized, with leading brands positioning themselves to leverage the emerging opportunities in the inulin market. Surging demand for inulin in the U.S. is likely to translate into moderate growth of the overall North America inulin market.

The research study also offers market analysis and forecast on the key source types of inulin. According to the report, Western Europe is likely to maintain its numero uno position as a leading producer of chicory. The production of chicory in Europe is likely to remain concentrated in France and Belgium. Along with Europe, Asia Pacific is the leading chicory producing region and collectively these two regions accounted for over 80% of the world’s chicory production in 2016.

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Key Question answered in the survey of Inulin market report:

  • Sales and Demand of Inulin
  • Growth of Inulin Market
  • Market Analysis of Inulin
  • Market Insights of Inulin
  • Key Drivers Impacting the Inulin market
  • Which are the Key drivers impacted by Inulin market
  • Restraints Shaping Market Growth
  • Market Survey of Inulin

More Valuable Insights on Inulin Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Inulin, Sales and Demand of Inulin, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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