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The global inulin market is projected to witness significant growth during the forecast years, owing to the increasing adoption of prebiotic ingredients by the dairy industry and in the formulation of various dairy products. Rising health awareness has led to increased demand for nutraceuticals, which in turn is expected to propel the growth of the global inulin market. Growing production of chicory roots which is a major source of inulin used across pharmaceuticals is anticipated to aid the growth of global inulin market in the foreseeable years.
Key companies operating in the global inulin market are focusing on the launch of innovative products to maintain their market prominence. BENEO GmbH, The Tierra Group, Jarrow Formulas, and Cargill Incorporated are some of the key companies performing in the global inulin market.
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Inulin is a soluble fiber and a starchy element found in a huge variety of cereals, fruits, and vegetables, such as bananas, onions, asparagus, chicory roots, agave, garlic, and others. Inulin is naturally produced by plants and is high in fiber, and has the potential to aid digestive health and reduce the cholesterol level. The product is gaining rapid recognition due to its health benefitting properties and wider adoption.
Increasing demand for high-fiber food products, coupled with increased demand for dietary and functional food ingredients is projected to aid the growth of global inulin market. Higher prevalence of diabetes, especially across developed economies has generated the demand for low-sugar and low-calorie ingredients which are anticipated to drive the growth of inulin market during the forecast period. Furthermore, validation of beneficiary and safety aspects of inulin when used in food or pharmaceuticals, by regulatory authorities such as FDA is further projected to aid the market growth of inulin.
Rising use of probiotics, such as Mannan-oligosaccharides (MOS) and Galacto-oligosaccharides (GOS) is projected to be a restraining factor in the growth of global inulin market.
Some of the major companies that are present in the global inulin market are BENEO GmbH, Cosucra Groupe Warcoing SA, Sensus BV, Cargill Incorporated, The Tierra Group, Novo Nordisk, Eli Lilly and Company, The Green Labs LLC, Jarrow Formulas, and TIC Gums.
On the basis of application, the global inulin market has been segmented into food & beverage, dietary supplements, and pharmaceuticals. The food & beverage segment is further diversified into dairy products, bakery & confectionery, meat products, and beverages. The application of inulin in food & beverage segment is expected to be the highest during the forecast period, owing to rising demand for sugar replacers, prebiotics or functional ingredients, and texture modifiers in food. The demand for inulin in bakery and confectionery segment is expected to grow in the upcoming years, due to rising consumer inclination towards healthy confectionery and bakery products.
The application of inulin in pharmaceuticals is projected to witness a steep rise in the forthcoming years, due to its properties to aid the digestion process and its potential to serve as a drug delivery vehicle. Validation to inulin from FDA as Generally Recognized as Safe (GRAS) ingredients is further expected to boost its applications in the pharmaceutical industry.
Europe is projected to have a major market share in the global inulin market, owing to the increasing demand for fortified food products that contain prebiotic ingredients. Presence of abundance of raw materials such as chicory roots in Europe and its expanding production is projected to impact the Europe inulin market significantly during the forecast years. Rising consumer awareness regarding the product’s benefits in aiding gut health, coupled with favorable regulatory policies regarding the use of functional ingredients in food preparation and beverage formulation is expected to contribute to the growth of inulin market in Europe. The Asia Pacific is projected to grow at a faster pace during the forecast years, owing to the growing demand for inulin from emerging economies such as Japan, India, and others. Rising health consciousness among Asian consumers, coupled with increasing per capita income of consumers is projected to have a significant impact on the growth of inulin market of Asia.
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