Global Inulin
Market is foretold to provide a
robust support for industry players to lay a solid foundation for their
business growth. It includes a comprehensive evaluation of the industry growth
status and risk. In addition, it provides detail market variables, trends, key
opportunities, new entrants & competitors.
Inulin Market study offers detail
overview of industry with all the requisite data to support tactical business
decisions and come up with strategic growth plans. This study also proposes a
comprehensive insight into the development policies and plans in addition to
manufacturing processes and cost structures.
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Industry Insights
Global inulin market demand
was estimated at 246.5 kilo tons in 2013. The demand is for these products is
expected to witness rapid growth owing to increasing usage of prebiotic
ingredients for production of different food & beverages products. The growing
application in manufacturing of dairy products such as ice creams, yogurts, and
cheese is expected to further augment demand for inulin over the forecast
period. Increasing awareness regarding low sugar consumption and low calorie
foods due to rise in lifestyles related disease is expected to a have positive
impact on inulin demand over the forecast period.
Growing popularity of
nutraceuticals is expected to positively impact market demand as it is used in
these products as a functional ingredient. U.S. FDA has categorized inulin as a
safe product owing to which manufacturers now prefer these products over other
substitutes. It is used in inhibiting growth of pathogenic bacteria which aids
in getting better colon health. Rising cultivations of chicory roots in Europe
and China is likely to boost consumption of inulin in end-use industries.
Application Insights
Food & beverages
dominated the application segment and accounted for over 65% of market share by
volume in 2013 and is expected to witness growth over the forecast period owing
to rising usage of probiotic functional ingredients that aid in reduction of
sugar level and improving gut health. Inulin contains non-digestable fiber
which helps in stimulating bacterial growth in human body, owing to which the
demand for these products in dietary supplements is expected to remain high
over the forecast period. The other applications of inulin include coating,
construction, and animal feed industries.
Regional Insights
Europe dominated the global
inulin market by accounting over 40% in 2013 and is expected to witness growth
on account of regulatory support over the usage of functional ingredients in
food & beverage industry in this region. Slow growth of food & beverage
industry in Spain, Italy, and Germany coupled with European Commission’s
limitation over the production quota of inulin is expected to act as a
challenge to the market growth.
North America is the second
largest market driven by rising health awareness and growing expenditure on
wellness products. The rising innovation on sugar free products coupled with
growing demand for diverse low fat and dietary supplements is expected to boost
demand for these food ingredients.
Growing dairy industry in
Asia Pacific countries such as China and India owing to strong regulatory
support coupled with growing domestic demand is expected to propel the inulin
demand. The market in India has received a boost as the government is providing
subsidies for farmers involved in the cultivation of chicory roots. Growing food
& beverage industry in Brazil and Saudi Arabia is expected to have a
positive impact on inulin demand over the forecast period.
Competitive Insights
The industry environment is
competitive due to the presence of less number of manufacturers. Key players in
the market are Cosucra, Sensus, Jarrow Formulas, and Beneo-Orafti.
Technological advancements coupled with new product development and strategic
partnerships are the key factors responsible for growing market share.
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