According to Fact.MR’s updated report, the inulin market is expected to reach US$ 2.2 billion by the end of the forecast period 2021-2031. Powdered inulin is expected to grow at a CAGR of 6% in the coming years, owing to consumer preference. Furthermore, the functional food and beverage segment, which generates US$ 170 million in revenue, is likely to be dominated by applications.
During the forecast period, the global inulin market is expected to be fueled by the rising popularity of prebiotic ingredients and increasing awareness campaigns for low fat and calorie reduction. Furthermore, inulin has been recognized as a safe product by government-authorized food and drug organizations in several countries, ensuring consumer safety.
Inulin Market Key Segments
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By Source
- Agave Inulin
- Chicory Inulin
- Jerusalem Artichoke Inulin
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By Form
- Powdered Inulin
- Liquid Inulin
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By Nature
- Organic Inulin
- Conventional Inulin
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By End-Use
- Inulin for Clinical Nutrition
- Inulin for Dietary Supplements
- Inulin for Functional Food & Beverages
- Inulin for Dairy Products
- Inulin for Infant Formula
- Inulin for Breakfast Cereals & Cereal Bars
- Inulin for Meat Products
- Inulin for Animal Nutrition
Competitive Environment
Inulin manufacturers are investing in R&D to make the necessary changes to inulin and create higher-quality inulin. Manufacturers are also focusing on product development to ensure that their product line remains innovative in light of current market trends and end-user feedback.
BENEO, for example, offers Orafti®, a naturally sourced fiber derived from chicory root that has no taste or texture compromises. It can be used to prepare a variety of dishes.
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