What Will be the Impact of Competition Between Natural and Artificial Products on the Inulin Market

Fact.MR’s new study on the inulin market has unveiled interesting insights about a rapidly evolving landscape. Recent FDA approval of inulin as a GRAS (Generally Recognized as Safe) product in dietary fiber category and increasing consumption of dietary supplements are expected to bode well for the inulin market in the coming decade. While inulin has been used as an ingredient by manufacturers, its inclusion in the FDA’s new definition of dietary fibers is set to be beneficial not only for inulin producers but for end users who are seeking clean labelled products – these developments are likely to augur well for the inulin market, according to the report.

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The research study offers in-depth insights on the key factors influencing inulin market growth. According to the report, investment in new product development and introduction of novel inulin-based products remain the key strategies adopted in inulin market. Considering the growing fragmentation in the inulin market, and palpable preference towards premium brands, proliferation of high-quality products is highly likely in this landscape.

Demand for inulin remains concentrated in the dietary supplements industry on the back of pervasive ‘health and wellness’ trend. The lucrativeness of dietary supplements industry for prospects of inulin manufacturers can be gauged from the fact that this segment currently accounts for nearly one-third revenue share of the overall inulin market. The report opines that FDA approval of inulin as GRAS product will create sustained opportunities for stakeholders in the inulin market.

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The comprehensive research study also tracks inulin market in key regions, and offers an objective analysis on the future outlook. According to the study, Western Europe will continue to be the largest market for inulin globally. The demand for inulin in Western Europe is likely to be concentrated in the EU5.

The U.S. inulin market is becoming more organized, with leading brands positioning themselves to leverage the emerging opportunities in the inulin market. Surging demand for inulin in the U.S. is likely to translate into moderate growth of the overall North America inulin market.

Segmentation

The report further elaborates on the inulin market taxonomy based on the segments like source, form type, nature type, end uses and regions.

Based on source type the report delivers accurate values on chicory inulin, agave inulin and Jerusalem Artichoke.

The inulin market is further segmented on the basis of form type such as powder and liquid.

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The growth forecast of the APEJ (Asia Pacific Excluding Japan) inulin market is expected to remain steady, reporting a CAGR of 6.8% during the forecast 2018 – 2028. Rising demand for different types of inulin, specifically organic certified inulin in the region and increasing establishments of inulin processing facilities are likely to augur well for the inulin market performance in the region. According to the study, Latin America region, in particular Columbia, is the major cultivator of Jerusalem Artichoke. Further, Colombia alone produced 15,344 metric tonnes of agave, followed by Mexico with 5,951 metric tonnes in 2016.

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