Inulin Market Scope Highlights Enhanced Sales across Western Europe to Steer Demand during 2018-2028

Posted on 2019-03-29 by Mark Hub in Food & Beverage // 0 Comments

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Inulin is a polysaccharide, a mixture of multiple carbohydrates. Inulin is naturally derived from roots of plants such as chicory and agave. The extracted inulin has a neutral to sweet taste and is a medicinally important plant used as a nutritional supplement by food as well as dietary supplement industry. Inulin is used in analyzing kidney function and acts as a dietary fiber.

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A recent report published by Fact.MR on the inulin market gauges the market performance for the forecast period of 2018 – 2028. Thorough analysis of the key market insights delivers the most credible go-to forecast of the inulin market. The futuristic inulin market performance has been devised by considering all the vital bricks shaping the growth trajectory of the inulin market. While assessing the inulin market forecast, global as well as regional trends and gainful opportunities have been taken into consideration. Based on this in-depth analysis, the derived and highlighted value of CAGR enables readers to fathom the overall outlook on the inulin market in the coming ten years of the forecast period.

Steady Demand for Natural Sweeteners among Health-conscious Consumer to Bolster Inulin Adoption

Awareness regarding the adverse effects of inappropriate consumption of sugar has led consumers to actively seek sweeteners of both types including natural as well as artificial sweeteners. In particular, with the intention of weight loss and reducing the risk of diabetes, consumption of artificial sweeteners has intensified in the recent past. However, artificial sweeteners include man-made chemicals that are harmful to human health. Additionally, artificial sweeteners contain high-calorie content that bothers health-conscious consumers. On the other hand, natural and organic sweeteners have low-calorie content and are devoid of harmful chemicals. Owing to this, natural sweeteners such as agave syrup, stevia, and inulin have gained considerable traction. This significant shift in consumer adoption successfully addresses major problems faced during the usage of sugar and artificial sweeteners. Given that rising demand for natural sweeteners among health-conscious consumers is likely to bolster inulin adoption, in turn, driving the inulin market in the coming decade.

Increasing Per Capita Expenditure on Dietary Supplements and Functional Foods to Bode Well for the Inulin Market

Modern consumers are spending more on dietary supplements and exogenous nutrition. Growing population of proactive consumers which are inclined towards health and fitness are avid purchasers of the dietary supplements and functional foods. Increasing expenditure on clinical nutrition and functional is also driving the growth of the global inulin market, and this trend is expected to continue over the forecast period. As compared to other sweeteners, inulin has a higher nutritional content such as rich in fibers and presence of minerals such as potassium and calcium, proteins, and vitamins like vitamin C. For instance, in North America consumers under the age of 37 years old are observed to be the major consumers of the dietary supplements whereas consumers of age 40-50 are gradually developing tendency to adopt supplements. Factors as such are expected to result in a significant rise in the inulin adoption is likely to bode well for the inulin market during the forecast period.

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Strong Supply Chain to Fill the Gap between Processing Facilities and Feedstock Resource

Latin America and Western Europe supply feedstock for inulin such as agave, chicory and Jerusalem artichoke with the growing demand from the key producers of inulin. However, countries in the Asia Pacific are establishing processing facilities of inulin owing to the advantages such as the abundance of resources and economic labor. Particularly, China and India are witnessing the establishment of various processing facilities of inulin, presenting a huge demand for inulin feedstock. Well-established shipping routes and supply chain have braced these establishments of processing facilities in Asia Pacific region. With the presence of strong supply chain and shipping routes, accessibility of feedstock of inulin has increased significantly in the Asia Pacific region, in turn, supporting the growth of the inulin market in the global space during the estimated period.

Competition Landscape

Some of the major companies operating in the inulin market are Cargill Incorporated., BENEO-Orafti SA, Steviva Brands, Inc., THE iiDEA COMPANY, Cosucra Groupe Warcoing SA, Sensus B.V., Naturel West Corp EU B.V., The Tierra Group, NOW Health Group, Inc., Jarrow Formulas, Inc., The Green Labs LLC, PMV Nutrient Products Pvt. Ltd., TrooFoods Ltd., Nutriagaves de México SA de CV, Natura BioFoods, Nova-BioRubber Green Technologies Inc. among the other players.

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