The global inulin market value is experiencing a period of steady growth, driven by rising consumer awareness of gut health and the increasing demand for functional foods and beverages. Inulin, a prebiotic dietary fiber, offers a range of potential health benefits, including improved digestion, weight management, and blood sugar control. This has fueled its popularity among manufacturers and consumers alike.
Market Demand on the Rise
The inulin market is estimated to reach US$ 1,678.9 million in 2023 and is projected to grow at a CAGR of 3.4% to reach US$ 2,345 million by 2033. This growth is attributed to several factors, including:
- Growing awareness of gut health: Consumers are increasingly recognizing the importance of gut health for overall well-being. Inulin’s prebiotic properties, which promote the growth of beneficial gut bacteria, are a major driver of demand.
- Rising popularity of functional foods and beverages: Functional foods and beverages are designed to deliver health benefits beyond basic nutrition. Inulin’s versatility as a sugar substitute, fat replacer, and fiber source makes it a valuable ingredient in this category.
- Expansion of the dairy industry: Inulin is widely used in dairy products such as yogurt, ice cream, and cheese. The growth of the global dairy industry is expected to positively impact the demand for inulin.
- Increasing demand for dietary supplements: Inulin is increasingly incorporated into dietary supplements targeting digestive health and weight management. This trend is expected to continue as consumers seek natural solutions to health concerns.
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Consumers’ growing health consciousness is causing a spike in the nutraceutical market, which can increase the need for inulin. Dietary fibres like inulin can help lower cholesterol, diabetes, and obesity. As a result, they are widely used in nutraceutical products.
Factors Fueling Market Growth
- Sugar reduction: The global emphasis on reducing sugar intake is driving the demand for inulin as a natural sweetener.
- Clean label movement: Consumers are increasingly interested in products with recognizable and natural ingredients, which aligns well with inulin’s profile.
- Gluten-free trend: Inulin is naturally gluten-free, making it a suitable ingredient for gluten-free products.
- Organic food movement: The growing popularity of organic food is expected to benefit the demand for organic inulin.
- Emerging applications: New applications of inulin in baby food, pet food, and other sectors are creating exciting opportunities for market players.
Key Takeaways from the Inulin Market Study Report:
- The global inulin market is expected to total US$ 2,345 million in 2033.
- Based on source, chicory segment is estimated to hold a market share of 32% in 2023.
- By application, food and beverage segment is set to account for 56% of revenue share in 2033.
- In 2022, the United States held 80% share of the North America market.
- The United Kingdom is expected to register a CAGR of 6.5% through 2033.
- Demand in China is expected to rise at a CAGR of 5.8% from 2023 to 2033.
- India will likely advance at a CAGR of 6.2% between 2023 and 2033.
“Rising emphasis on agriculture-based nations to diversify their economies has encouraged farmers to shift their focus toward the production of commercial crops. So, a notable rise in the supply of chicory, leek, asparagus, and Jerusalem artichoke could positively impact the market during the forecast period.” Says Nandini Roy Choudhury, Client Partner at Future Market Insights
Competitive Landscape:
The overall market is highly consolidated, as only some inulin producers have been able to market their products successfully in different regional markets. The potential of inulin as a drug delivery system could make inroads for the entry of pharmaceutical companies and diversify the market in the coming days.
The demand for soluble inulin fiber is expected to rise due to shifting consumer tastes and an increase in the customer demand for vegan food items. The growing need for organic ingredients is another factor that is predicted to alter the market orientation of most players involved in the inulin business.
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Recent developments in the Inulin Producing Industries
- In March 2022, Sensus declared that it would increase the amount of inulin it produces from chicory root fibers at its original plant.
- In December 2022, The functional ingredient supplier Beneo Inc. invested around US$ 33.9 million to increase its production capacity.
Key Companies Profiled:
- Archer Daniels Midland Co.
- S Cargill Incorporated
- Sudzucker Group
- Ingredion Incorporated or TIC Gums
- Tate & Lyle PLC
- Dow DuPont
- FMC Corporation
- Koninklijke DSM N.V.
- PMV Nutrient Products PVT Ltd.
- Qingdao Oriental Tongxiang International Trading Co. Ltd.
- Sensus B.V.
- Steviva Brands, Inc.
- Tereos S.A.
- The IIDEA Company
- TrooFoods Ltd.
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Get More Valuable Insights:
Future Market Insights (FMI), in its new offering, provides an unbiased analysis of the global inulin market, presenting historical demand data (2018 to 2022) and forecast statistics for the period from 2023 to 2033.
The study incorporates compelling insights on the inulin market based on source (leeks, asparagus, onion, wheat, garlic, chicory, oats, soybean, jerusalem artichokes, banana, other sources [fruits, etc.]), application (food and beverages [functional food, dairy products, infant formula, breakfast cereal and cereal bars, meat products, beverages, other food and beverages] dietary supplements [weight loss, sports nutrition, general well-being, immune and digestive health, bone and joint health, heart health, other specific requirements] animal feed additives [poultry, swine, cattle, other animals] pet food, aquafeed, other applications), form (powder form, liquid form), function type (bifdus promoting agent, fiber enhancer, sugar alternative, fat alternative or replacer, other functions), sales channels (direct sales channels, indirect sales channels [modern trade channels, specialty stores, franchise or brand outlets, online retailers, other indirect sales]) region (North America, Latin America, Europe , East Asia , South Asia and Pacific , Middle East and Africa)
Inulin Market Outlook by Category:
By Source Type:
- Leeks
- Asparagus
- Onion
- Wheat
- Garlic
- Chicory
- Oats
- Soybean
- Jerusalem Artichokes
- Banana
- Other Sources (Fruits, etc.)
By Application:
- Food and Beverages
- Functional Food
- Dairy Products
- Infant Formula
- Breakfast Cereal and Cereal Bars
- Meat Products
- Beverages
- Other Food and Beverages
- Dietary Supplements
- Weight Loss
- Sports Nutrition
- General Well-being
- Immune and Digestive Health
- Bone and Joint Health
- Heart Health
- Other Specific Requirements
- Animal Feed Additives
- Poultry
- Swine
- Cattle
- Other Animals
- Pet Food
- Aquafeed
- Other Applications
By Form:
- Powder Form
- Liquid Form
By Function Type:
- Bifdus Promoting Agent
- Fiber Enhancer
- Sugar Alternative
- Fat Alternative or Replacer
- Other Functions
By Sales Channels:
- Direct Sales Channels
- Indirect Sales Channels
- Modern Trade Channels
- Specialty Stores
- Franchise or Brand Outlets
- Online Retailers
- Other Indirect Sales
By Region:
- North America Market
- Latin America Market
- Europe Market
- East Asia Market
- South Asia and Pacific Market
- Middle East and Africa (MEA) Market
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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