Inulin is a term used to describe a group of polysaccharides that is produced by numerous plants. It is a type of dietary fiber which is usually found in the roots of plants. Herb chicory is a plant from which most of the inulin is extracted. As a natural fiber, inulin provides a number of important health benefits, such as helps in preventing constipation, lowers cholesterol levels, and promotes good bacteria (probiotics) in the intestinal tract. Inulin is also considered as a prebiotic, which is a substance that nourishes and supports probiotics, which provides many health benefits on their own.
The report titled “Global Inulin Market - Growth, Share, Opportunities and Competitive Analysis, 2016–2023” offers strategic insights into the overall inulin market along with the market size and estimates for the duration 2016 to 2023. The said research study covers in-depth analysis of multiple market segments based on type of type of applications, and different geographical region. On the type of application, the inulin market is segmented into food and beverages, dietary supplements, pharmaceuticals and others. The food and beverages market is further segmented into bakery & confectionery products, cereals, dairy products, meat products, sports drinks and others.
Along with quantitative information, qualitative information sets and assessment tools are provided in this study for better analysis of the overall market scenario and future prospects. Information such as market inclination insights and drivers, challenges and opportunities assists the readers for understanding the ongoing trends in the global inulin market. Tools such as market positioning of key players and attractive investment proposition provide the readers with insights on the competitive scenario of the global inulin market. This report concludes with company profiles section that highlights major information about the key players engaged in global inulin market. In-depth competitive environment analysis and historical years (2013 & 2014) market size data are also provided in the report.
Thus, the research study provides a holistic view of the global inulin market, offering market size and estimates for the period from 2016 to 2023, keeping in mind the above-mentioned factors.
Based on the application the global inulin market is segmented as follows:
Inulin is a term used to describe a group of polysaccharides that is produced by numerous plants. It is a type of dietary fiber which is usually found in the roots of plants. Herb chicory is a plant from which most of the inulin is extracted. As a natural fiber, inulin provides a number of important health benefits, such as helps in preventing constipation, lowers cholesterol levels, and promotes good bacteria (probiotics) in the intestinal tract. Inulin is also considered as a prebiotic, which is a substance that nourishes and supports probiotics, which provides many health benefits on their own. The global inulin market can be segregated on the basis of applications including food & beverages, dietary supplements, pharmaceuticals and various other applications. Amongst various applications, inulin application in food & beverages segment held the largest market share in 2015. The food & beverages segment is further divided into bakery & confectionery products, cereals, dairy products, meat products, sports drink and others. The bakery & confectionery products held the largest share in the food & beverages segment. Such high consumption rate of bread within European countries creates significant growth opportunities for the materials used in its manufacturing. High demand of dairy products such as yogurts, ice-creams and cheese in Middle East is expected to increase production capacity in regions. Increase in dairy production in regions also increases the inulin demand in future.
For the purpose of this study, the global Inulin market is categorized into:
As of the current market scenario, the global Inulin market is dominated by European region with the market share of more than 40%. The highest market share of the region is attributed to rise in the awareness about the benefits of inulin and growth of food and beverages industry that will assist the market growth. The inulin market is concentrated in U.K. and Germany with share of more than 42%. Moreover, countries like Austria, Belgium, Denmark, France, Ireland, Italy, Norway, Greece, Germany, Netherlands, Portugal, Switzerland and United Kingdom have confirmed inulin as “dietary fiber.” North America has the second largest market share of the inulin market. Growth in lifestyle diseases, increasing awareness and higher spending power will lead to more demand for functional food; dietary fiber and animal feed market. Asia Pacific region is expected to report highest growth of the inulin market during 2016-2023. Positive outlook for the dairy industry, capacity expansion of baby food manufacturers like Nestle and Danone and the increasing demand for infant baby food formula in China and India will be the market drivers for growth. Research indicates that China, India and Indonesia will be a few of the fastest growing food and non-alcoholic beverage market in next five years in emerging markets.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Inulin market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
|---|---|
| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
| Segmentation | |
Applications
| |
|
Region Segment (2022-2032; US$ Million)
|
Key questions answered in this report
