The Asia-Pacific inulin market is estimated to grow at $689 million by 2024. The market is anticipated to grow at a CAGR of 9.89% during the forecast period. The base year considered for the market study of inulin is 2016 and the forecast period is from 2017 to 2024. Evolvement in the dairy industry, growth in the number of patients in diabetes and growth in the awareness in people for health-friendly foods are the drivers of the inulin market in the Asia-Pacific region.
The Asia-Pacific inulin market is segmented on the basis of application and geography. The application market of inulin is classified into food and beverage which is further bifurcated into bakery and confectionery products market, cereals, dairy products, meat products, sports drinks and others. The geography market of inulin is segmented into India, China, and South Korea. The rise in the dietary supplementary market, increase in the pharmaceutical sector and high demand for naturally obtained ingredients are driving the Asia-Pacific inulin market.
The major players that are mentioned in the Asia-Pacific inulin market are Cargill Incorporated, Cosucra-GroupeWarcoing SA, Jarrow Formulas, Shandong Baolingbao Biotechnology Co. Ltd, Wuxi Cima Science Co. Ltd, The Green Labs LLC, PMV Nutrient Products Pvt. Ltd., Keminterpharm, DingxiLonghai Dairy Co., Ltd, Beneo-Orafti SA,Sensus B.V,Ciranda Inc.,The Tierra Group,Adept Impex Private Limited, and Fenchem Inc.