Inulin is a type of dietary fiber. It is known for its high nutritional content, which includes rich fibers and minerals such as potassium and calcium, proteins, and vitamins. It is extracted from chicory, and find applications in food & beverages, pharmaceuticals, and dietary supplements. Research has linked it to several health benefits, such as helping control diabetes, improving digestive health, and aiding weight loss. Inulin may also benefit gut health. Moreover, owing to the change in consumers’ lifestyles and their increasing awareness, the intake of high-fiber ingredients is also increasing with a rapid pace worldwide.
Market Statistics:
The global inulin market is estimated to account for US$ 1,651.1 Mn in terms of value by the end of 2022.
Drivers:
Rise in use of inulin in food & beverages, pharmaceuticals, and dietary supplements is expected to aid in the growth of the global inulin market over the forecast period. For instance, globally, inulin is gaining importance and becoming a vital part of consumers’ daily dietary practices. The U.S. Food and Drug Administration (FDA) considers inulin a generally recognized as safe, or GRAS, food. Furthermore, the FDA has approved the use of inulin to improve the nutritional value of food products. Therefore, the use of inulin in food & beverages, pharmaceuticals, and dietary supplements is also increasing worldwide.
Opportunities:
Increase in prevalence of cancer worldwide is expected to offer lucrative growth opportunities for players in the inulin market. Having a diet high in fibre, and wholegrains in particular, can help reduce the risk of cancer. Studies show that a high intake of dietary fiber, such as inulin, is associated with a reduced risk of cancer. For instance, inulin supplementation reduces SBP and prevents increases in DBP in women with breast cancer. Thus, with the rise in incidence of cancer, the use of inulin is also expected to increase worldwide, and this in turn is expected to offer lucrative growth opportunities for players in the market.
To know the latest trends and insights prevalent in the Global Inulin Market, click the link below:
https://www.coherentmarketinsights.com/market-insight/inulin-market-5266
Restraints:
Availability of other dietary fibers and side effects of inulin are expected to hinder growth of the global inulin market. For instance, dietary fibers are associated with several health benefits, such as help lower the risk of developing coronary heart disease, stroke, diabetes, hypertension, and certain gastrointestinal diseases, and thus there is an increase in demand for dietary fibers. However, side effects from larger doses may include gas and loose stools. In some cases, people who have certain pollen allergies may have allergic reactions to inulin from chicory root.
Global Inulin Market - Impact of Coronavirus (Covid-19) Pandemic
The outbreak of COVID-19 has raised health awareness among consumers and the importance of dietary fiber in maintaining a healthy digestive system. Inulin helps digestion by increasing the number of good bacteria in the gut, mainly Lactobacilli and Bifidobacteria. Moreover, the demand for inulin has increased during the pandemic because it helps control cholesterol levels, improve gut health, and help control diabetes. In short, the pandemic has had a positive impact on the growth of the global inulin market.
Key Takeaways:
The global inulin market was valued at US$ 1,556.5 Mn in 2021 and is forecast to reach a value of US$ 2,362.1 Mn by 2028 at a CAGR of 6.1% between 2022 and 2028.
Among application type food and beverage segment held dominant position in the global inulin market in 2021, accounting for 65.1% share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.
Market Trends:
Inulin is gaining importance due to change in consumers’ lifestyles and increasing consumer awareness, which in turn is promoting the consumption of high fiber foods and prebiotics, and this trend is expected to continue during the forecast period. Due to the rise in awareness among people about health benefits of inulin, the use of inulin in food & beverages, pharmaceuticals, and dietary supplements is also increasing, driving the market growth.
Competitive Landscape:
Major players operating in the global inulin market include
The Green Labs LLC, Ciranda, Inc., Adept Impex Private Limited, Nova Green Inc., The Tierra Group, The Ingredient House (TIH), SENSUS NV, Beneo Remy NV, Cargill Inc., Cosucra Groupe Warcoing SA, PMV Nutrient Products Pvt Ltd., Xirui Bioengineering Company, and Dingxi Longhai Dairy Co. Ltd., among others.
Recent Developments:
In February 2021, Haldiram launched a nutritional food products range. FUTURELIFE Smart Foods is a scientifically formulated high protein, family meal or drink that combines Vitamins and Minerals, Amino Acids, Omega 3, Inulin (prebiotic), and Selenium.
In June 2018, Cosucra announced that its range of inulin-type fructans Fibruline extracted from chicory root received regulatory approval from the U.S. Food and Drug Administration (FDA) for being listed as dietary fibers on the nutrition and supplement facts panel.
