Global inulin market is expected to reach USD 2.35 billion by 2020,
according to a new study by Grand View Research, Inc. Gaining popularity of
prebiotic ingredients on account of rising awareness towards low fat and
calorie reduction is expected to fuel inulin market demand over the next six
years. U.S. FDA recognized inulin as generally recognized as safe (GRAS)
product, which is expected to have a positive impact on market over the next
six years.
Food & beverage was the largest
application, accounting for over 65% of market volume in 2013. Inulin is being
increasingly used in dairy product formulation such as cheese, spoonable
yogurts and butter. Dairy industry growth is expected to act as a major driver
for inulin market over the forecast period.
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Research : http://www.grandviewresearch.com/industry-analysis/inulin-market
Further key findings from the study suggest:
·
Global inulin market demand was 246.5 kilo
tons in 2013 and is expected to exceed 400 kilo tons by 2020, growing at a CAGR
of over 9.0% from 2014 to 2020.
·
Use of inulin in dietary supplements is
expected to witness substantial growth over the forecast period. Growing infant
formula market demand in China and India coupled with announcement of capacity
expansion by baby food manufacturers such as Danone and Nestle is expected to
positively impact market over the next six years.
·
Europe was the largest inulin market,
accounting for over 50% of global volume in 2013. Regulatory scenario aimed at
supporting fortification of food with prebiotic ingredients is expected to fuel
inulin demand in the region. Growing demand for substitute prebiotics and
development of synbiotics are expected to remain key restraining factors for
the market.
·
Asia Pacific is anticipated to witness high
at an estimated CAGR of over 10% from 2014 to 2020 in terms of revenue owing to
positive dairy industry outlook in India, China, Australia and New Zealand.
Gaining popularity of functional foods such as infant formula in China, Japan
and India is expected to fuel inulin demand over the forecast period.
·
Global inulin market is highly competitive
owing to presence of limited companies. Major market players include Jarrow
Formulas, Beneo-Orafti, Sensus and Cosucra. Increasing availability of chicory
roots in Belgium, France and Spain has forced inulin manufacturers to establish
their facilities in the vicinity. New product development and establishment of
strategic partnerships between manufacturers and buyers are expected to remain
critical success factors for inulin market over the forecast period.
Browse more reports of this category by Grand View
Research: https://www.grandviewresearch.com/industry/nutraceuticals-functional-foods-and-dietary-supplements
Grand View Research has segmented the global
inulin market on the basis of application and region:
Global Inulin Application Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2012 - 2020)
·
Food & Beverage
·
Dietary Supplements
·
Pharmaceuticals
·
Others
Global Inulin Regional Outlook (Volume, Kilo Tons; Revenue,
USD Million, 2012 - 2020)
·
North America
·
Europe
·
Latin America
·
Asia Pacific
·
MEA
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release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-inulin-market
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
