KEY FINDINGS The North American inulin market was calculated to be worth $463 million in 2017. By the end of the forecast period of 2018-2026, the market is expected to rise with 9.21% CAGR and account for a revenue share of $1020 million.
MARKET INSIGHTS Rising awareness and growing demand for functional food and animal feed is expected to drive the inulin market growth in North American countries like the U.S, Canada and Mexico. The Mexico market is all set to rise with the fastest CAGR between 2018-2026. Presently, however, the U.S market dominates the North American scene. Increase in chronic diseases, unhealthy and sedentary lifestyle, increased spending capacity and growing awareness regarding the benefits of prebiotic food is likely to drive the market growth in this region. Food and beverages industry is the biggest consumer of inulin. Other applications of inulin can be found in animal feed sector, pharmaceuticals industry and the dietary supplements sector.
COMPETITIVE INSIGHTS Companies like Keminterpharm, The Tierra Group, Cargill Incorporated, The Green Labs Llc, Adept Impex Private Limited, Beneo-Orafti SA, Fenchem Inc, Dingxi Longhai Dairy Co. Ltd, PMV Nutrient Products Pvt. Ltd and Jarrow Formulas are engaged in this market.