KEY FINDINGS The Asia-Pacific inulin market accounted for $356 million in 2017. By rising with a CAGR of 9.97%, the market is predicted to reach a worth of $834 million by the end of the forecast period of 2018-2026.
MARKET INSIGHTS Increase in the number of diabetic patients and a strong growth in the pharmaceuticals sector are factors propelling the market growth in this region. The Indian inulin market is expected to progress with the fastest CAGR over the forecast years. In the Indian market, inulin is mostly used in the food and beverage industry. However, at present, the China market is leading in terms of revenue. Fortified/functional baby food (milk formula) and fortified/functional dairy are the leading sectors in China, wherein inulin is mostly used. In South Korea, increasing awareness about well-being and health and a rising ageing population has led to an increased demand for low sugar products. This trend is considerably boosting the inulin market, as inulin can be used as an alternative for sugar.
COMPETITIVE INSIGHTS Several market players like Wuxi Cima Science Co. Ltd, Adept Impex Private Limited, Warcoing SA, Beneo-Orafti SA, Dingxi Longhai Dairy Co. Ltd, PMV Nutrient Products Pvt. Ltd, Jarrow Formulas, Cosucra Groupe, Keminterpharm, Ciranda Inc, Cargill Incorporated, The Tierra Group, Shandong Baolingbao Biotechnology Co. Ltd and The Green Labs LLC have established their presence in this market.