Global Inulin Market 2018-2022
Inulin is a fiber that is extracted from plants such as chicory, Jerusalem artichoke, garlic, onions, and others.
Technavio’s analysts forecast the global inulin market to grow at a CAGR of 8.95 % during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global inulin market for 2018-2022. To calculate the market size, the report considers the and beverages, dietary supplements, and others, including animal feed, agriculture, and pharmaceuticals.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Inulin Market 2018-2022
Technavio recognizes the following companies as the key players in the global inulin market: Cargill, Ciranda, COSUCRA, Royal Cosun, Südzucker, and The Green Labs.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is rising demand for prebiotic supplements. Over the recent years, the demand for dietary supplements that contain prebiotic fibers has been increasing. This is mainly due to the rising awareness of the benefits of prebiotic fibers. The consumption of prebiotic supplements helps add accurate amounts of prebiotic to the diet. Hence, health-conscious consumers are showing an increasing inclination to have prebiotic supplements like inulin, which is a common prebiotic fiber. This indirectly influences the global inulin market.”
According to the report, one of the major drivers for this market is Health benefits of inulin. The global inulin market is driven by the increasing awareness of the health benefits of inulin. It improves gut, heart, and metabolic health and is a soluble fiber. When mixed with liquid, inulin bulks up and forms a creamy gel that expands in the digestive tract and is ideal for naturally relieving constipation. Since, inulin is a non-digestible prebiotic, it passes through the small and large intestines of humans unabsorbed. It also naturally ferments and feeds the healthy intestinal microflora that populates the gut.
Further, the report states that one of the major factors hindering the growth of this market is Threat from substitute and alternative products. The wide availability of substitute products is hindering the sales of inulin that is used as a fat replacer, sugar substitute, and texture enhancer. Many fat replacers are available in the market. The consumption of sugar is increasing globally and as a result, the demand for sugar is also increasing. This is mainly due to the changing taste preferences. Consumers of all ages increasingly have sugar through various snacks and confectioneries. Hence, the demand for sugar from the manufacturers of bakery and snack and confectionery products are expected to increase. This acts as a challenge for the global inulin market.
Cargill, Ciranda, COSUCRA, Royal Cosun, Südzucker, and The Green Labs.