Inulin Market Size Worth USD 2.2 Billion in 2031| Key Players Tereos S.A., Nexira, Sensus, The Tierra Group, etc

Inulin Market: Introduction

A recent study published by Transparency Market Research on the inulin market includes global Industry analysis and opportunity assessment for 2021-2031. The revenue generated from the inulin market in Europe was valued at US$ 378.2 Mn in 2021, which is estimated to rise at a CAGR of 6.3%, to reach US$ 697.8 Mn by 2031. Germany, France, and the U.K. account for a significant share of Europe inulin market, powered by high per capita consumption.

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Growing Consumer Preference for Natural Food Ingredients

The way consumers are seeing natural food ingredients has changed their purchasing pattern. The adequacy of natural products and health benefits associated with them are the most decisive factors for the expansion of natural products and consequently, for the inulin market. Customer preferences have been leaning toward natural ingredients due to various diseases and people being allergic to synthetic ingredients.

This has proved to be beneficial for health supplementss segment, as they are based on natural ingredients, which enhance health and wellness. Thus, the increasing demand for ingredients derived from natural products is expected to bolster the use of inulin in different food products.

Rising Demand for More Efficient Animal Feed Solutions

Feed prices are prohibitively high with detrimental effects on producer profitability and consumer prices, which compels farmers to search for alternatives in saving feed cost without hampering the animal performance.

Healthy gut microbiota are key to efficient nutrient absorption, ensuring stable growth and wellbeing of all animal species. The inulin is a non-digestible oligosaccharides that is fermented in the gastrointestinal tract of farm animals and pets. Inulin can support animal performance and health by affecting nutrient digestion, gut microflora, and gut morphology.

BENEO is one of the few ingredient suppliers providing a specific feed-grade portfolio of inulin-type fructans derived from the chicory root: inulin and oligofructose

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Challenges for Wheat Starch Manufacturers

The tightening of regulations around supplement manufacturing, product safety, and efficacy claims about food products hinder market growth. Over the past year, there has been a noted increase in FDA enforcement actions pertaining to food and health supplements labelling violations.

Manufacturers will need to be more careful with the language they chose to put on labels to avoid making either implied nutrient content claims or efficacy/health benefit claims. Tighter regulations will also be applied to manufacturing processes and practices in order to ensure quality and safety in light of recent recalls. These factors are expected to slow down the growth of the Inulin market.

Variety of End-use Applications of Inulin Ensures Price Stability

Consumer shifts toward health and fitness are generating better opportunities for the inulin manufacturers for health supplementss and functional foods. Moreover, consumers' expenditure on clinical nutrition due to wellness trends is influencing the growth of the inulin market. Inulin is also trending for its higher nutritional content that includes rich fibers and the presence of minerals such as potassium and calcium, proteins, and vitamins including vitamin C.

In many regions, especially in North America, old age people are rapidly adopting health supplementss to live a longer life. This rise in inulin adoption is likely to attract new consumers toward the inulin market during the forecast period. However, an increasing number of probiotic and prebiotic ingredients is likely to prove restraining factors for the global inulin market.

Inulin Market by Application

Food & Beverages

Bakery & Confectionary

Dairy Products

Meat Products

Snacks & Cereals

Others

Health supplementss

Pharmaceuticals

Animal Feed

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Increasing Consumer Awareness towards Preventative Healthcare

Health and wellness are the core concerns among consumers in both, developed and developing countries. Increasing pollution, urbanization, busy lifestyle, and excessive working hours are key factors affecting human health. Owing to this, consumers across the world are becoming more health-conscious, which results in increased consumption of healthy and functional food & beverage products.

The millennial population consumes energy drinks or supplements to maintain everyday energy levels of the body. An average working-class consumer consumes energy supplement and drinks products in the prevention of energy deficiency, owing to the exhaustion of work and other activities. These are the key factors fueling the demand for energy supplement products. The increasing demand for energy supplements is expected to propel the inulin market.

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