Inulin Market: Introduction
A recent study published by Transparency Market Research on the inulin market includes global Industry analysis and opportunity assessment for 2021-2031. The revenue generated from the inulin market in Europe was valued at US$ 378.2 Mn in 2021, which is estimated to rise at a CAGR of 6.3%, to reach US$ 697.8 Mn by 2031. Germany, France, and the U.K. account for a significant share of Europe inulin market, powered by high per capita consumption.
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Growing Consumer Preference for Natural Food Ingredients
The way consumers are seeing natural food ingredients has changed their purchasing pattern. The adequacy of natural products and health benefits associated with them are the most decisive factors for the expansion of natural products and consequently, for the inulin market. Customer preferences have been leaning toward natural ingredients due to various diseases and people being allergic to synthetic ingredients. This has proved to be beneficial for dietary supplements segment, as they are based on natural ingredients, which enhance health and wellness. Thus, the increasing demand for ingredients derived from natural products is expected to bolster the use of inulin in different food products.
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Increasing Consumer Awareness towards Preventative Healthcare
Health and wellness are the core concerns among consumers in both, developed and developing countries. Increasing pollution, urbanization, busy lifestyle, and excessive working hours are key factors affecting human health. Owing to this, consumers across the world are becoming more health-conscious, which results in increased consumption of healthy and functional food & beverage products.
The millennial population consumes energy drinks or supplements to maintain everyday energy levels of the body. An average working-class consumer consumes energy supplement and drinks products in the prevention of energy deficiency, owing to the exhaustion of work and other activities. These are the key factors fueling the demand for energy supplement products. The increasing demand for energy supplements is expected to propel the inulin market.
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Challenges for Wheat Starch Manufacturers
The tightening of regulations around supplement manufacturing, product safety, and efficacy claims about food products hinder market growth. Over the past year, there has been a noted increase in FDA enforcement actions pertaining to food and dietary supplement labelling violations. Manufacturers will need to be more careful with the language they chose to put on labels to avoid making either implied nutrient content claims or efficacy/health benefit claims. Tighter regulations will also be applied to manufacturing processes and practices in order to ensure quality and safety in light of recent recalls. These factors are expected to slow down the growth of the Inulin market.
Inulin Market Segmentation
Inulin Market by Nature
- Organic
- Conventional
Inulin Market by Source
- Agave
- Chicory
- Jerusalem Artichoke
- Others
Inulin Market by Form
- Powder
- Liquid
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