The global inulin market size is estimated to reach USD 1,678.9 million in 2023. Demand for inulin is expected to rise at a CAGR of 3.4% during the assessment period. By 2033, the global market for inulin is projected to reach a valuation of USD 2,345 million.
| Attributes | Key Insights |
|---|---|
| Estimated Inulin Market Revenue (2023) | USD 1,678.9 million |
| Projected Inulin Market Value (2033) | USD 2,345 million |
| Value-based Inulin Market CAGR (2023 to 2033) | 3.4% |
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The expansion of the dairy industry is anticipated to uplift demand for inulin. This is because inulin is widely used in dairy products, including ice cream, cheese, and yogurts. Similarly, rising diabetes prevalence and growing awareness of low-calorie and sugar-free alternatives will likely drive the growth of the inulin market.
Growing demand for inulin as a functional component in nutraceuticals is another key factor expected to boost the market. Better colon health is achieved by inhibiting the growth of some pathogenic bacteria through the enhanced activity of specific good bacteria, which is facilitated by inulin.
As a result of the United States FDA's declaration, inulin is a recognized as safe (GRAS) product, and its use in pharmaceutical applications is now possible. Over the coming years, inulin demand is anticipated to rise due to robust growth in the pharmaceutical industry.
Prebiotic demand is expected to expand throughout the projected period due to growing worries about gut health brought on by an increase in gastrointestinal tract illnesses. This, in turn, will stimulate growth of the inulin industry.
The growing prevalence of diabetes mellitus and the rising need for dietary supplements will further expand the market. On the other hand, rising demand for substitute prebiotic elements such as GOS and MOS is becoming a significant threat to the market's growth.
Global sales of inulin progressed at around 3.3% CAGR between 2018 and 2022. In 2022, the total valuation of the market reached USD 1,623.7 million. Over the forecast period, the global inulin industry is poised to thrive at 3.4% CAGR.
| Historical CAGR (2018 to 2033) | 3.3% |
|---|---|
| Projected CAGR (2023 to 2033) | 3.4% |
The worldwide sales of inulin and functional food items with inulin have increased in the last decade with the proliferation of e-commerce websites. The market experienced a key setback during the years 2020 and 2021. However, the pandemic increased the importance of food supplements, including inulin, which is expected to have a long-term positive impact on its demand.
Growing consumer awareness of the connection between nutrition and health has resulted in a demand for functional foods and ingredients. As such, inulin has become more well-known for its natural prebiotic qualities and possible health advantages.
Consumer preferences for natural and clean-label products have impacted the food and beverage business. This trend is ideally suited for inulin, frequently obtained from organic sources like agave or chicory roots.
Inulin has been utilized as a sugar substitute to lower the total amount of sugar in several food and beverage items due to the global emphasis on reducing sugar intake. Concerns about diabetes, obesity, and other health problems linked to consuming too much sugar are what are driving this trend.
Because of its adaptability, inulin is used in several food products, such as dairy, baked goods, cereals, and drinks. Its incorporation into goods has been facilitated by its ability to operate as a texture modifier and fat substitute.
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Inulin intake is anticipated to be driven by its proven advantages for enhancing gut bacteria and digestive health. Further, as inulin is entirely plant-based, it has become a very appealing product for vegans and those who avert dairy-based probiotics products.
Inulin supplements can improve lipid profiles and glycemic management in diabetic patients. Hence, growing demand for inulin-based supplements will play a key role in boosting the target market during the assessment period.
The need for inulin will also increase due to the popularity of functional meals, which provide health advantages over and beyond essential nourishment. Because of its prebiotic qualities, inulin is a highly sought-after component in goods that support digestive health.
Organic food products are becoming increasingly popular, which is also anticipated to alter the market outlook for inulin suppliers significantly. Because more people worldwide are becoming cautious about the benefits of eating organic foods, the use of organic inulin might exceed that of regular inulin.
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The table below highlights the anticipated growth rates of different countries. Among these, the United Kingdom is expected to remain a highly lucrative market for inulin companies, exhibiting a CAGR of 6.5%. China and India are anticipated to follow with CAGRs of 5.7% and 6.2%, respectively.
| Countries | CAGR (2023 to 2033) |
|---|---|
| United Kingdom | 6.5% |
| India | 6.2% |
| China | 5.7% |
The United Kingdom is expected to emerge as a highly lucrative market for inulin manufacturers during the forecast period. This is attributable to rising demand for functional ingredients like inulin in the food & beverage sector.
The advantageous prebiotic food policies are also making the United Kingdom a leading country for inulin sellers in Europe. As per the latest analysis, inulin demand in the United Kingdom is expected to grow at a healthy CAGR of 6.5% during the forecast period.
The United Kingdom is witnessing a higher demand for functional ingredients from the food & beverage industry. This is expected to drive sales of inulin during the forecast period. Market dynamics are also influenced by consumer acceptance and preferences for items containing inulin.
Inulin demand in China is projected to surge at a CAGR of 5.7% during the forecast period. This is due to growing geriatric population in the country, expanding pet food industry, and growing importance of prebiotics.
A critical aspect that is anticipated to promote sales of inulin food in China is its high rate of aging population. Inulin supports regular bowel movements and enhances digestive health in older people. As a result, China is experiencing a higher demand for inulin-based food items and supplements.
The need for substitute sweeteners and fat replacers is increasing due to the popularity of low-calorie, low-fat, and low-sugar diets. This is expected to further drive inulin demand in China.
The general expansion and trends in the food & beverage sector also affect inulin sales in China. Trends such as clean eating and growing interest in natural and plant-based products are prompting manufacturers to utilize ingredients like inulin. It is increasingly used in dairy products, baked goods, and other processed foods.
Modifications to laws about food additives, labeling, and health claims influence the need for inulin. Suppliers and manufacturers must adhere to regulations to guarantee product acceptance in the marketplace.
India inulin market is expected to advance at a robust CAGR of 6.2% throughout the assessment period. Consumers ' consciousness of their health and well-being fuels the demand for functional nutrients like inulin. Prebiotics like inulin are often utilized, and their link to better digestive health coincides with consumer demands for more healthful eating options.
Increasing prevalence of obesity and a rise in the desire for low-calorie food items are creating a massive opportunity for inulin suppliers in India. Further, cheap labor costs would likely draw in new business ventures and global inulin producers, strengthening the market in India.
The table below signifies leading sub-categories under source, forms, and application categories in the inulin market. Chicory is expected to dominate the market for inulin by capturing 32% share in the evaluation period.
Under the powder category, the tablet segment is projected to capture 67% of total share. Based on applications, food and beverages segment will lead the global inulin market, holding a share of about 56% in 2023.
| Attributes | Details |
|---|---|
| Top Source Type | Chicory |
| Market Share in 2023 | 32% |
The inulin obtained from chicory constituted about 32% of the total inulin available in the market in 2023. Companies mostly use chicory to extract inulin due to its high content. In fact, it is the richest source of inulin.
Chicory root forms the leading segment and provides the most inulin since inulin producers may quickly get it in both liquid and powdered form. For the projection period, high availability and ease of processing are anticipated to help the chicory segment to retain its dominance.
Inulin from chicory root is used to make bread, pastries, and muffins, among other baked goods. It can enhance texture, substitute fat, and raise the general standard of baked items.
Inulin from chicory root extract is frequently used in several food and beverage compositions as a sugar alternative or as part of sugar reduction measures. This is a reaction to the increased demand from customers for goods with less sugar. Chicory root inulin complements natural ingredient preferences and the clean label trend nicely.
Jerusalem artichoke inulin is also gaining popularity worldwide and is expected to witness significant growth during the assessment period. This is due to the distinct taste and quality of Jerusalem artichoke inulin.
| Attributes | Details |
|---|---|
| Top Form Type | Powder |
| Market Share in 2023 | 67% |
As per the latest inulin market analysis, inulin powder segment is set to contribute to around 67% of the total sales in 2023. This is attributable to rising end user preference for powdered inulin due to its multiple benefits, including easy storage and transportation.
Inulin powder can improve the mouthfeel and texture of several foods, including baked goods, sweets, and dairy substitutes. For producers, the capacity to improve these devices' sensory aspects might be a useful feature.
The powder form of inulin is preferred due to its easy storage and transportation advantages in the commercial market. However, the demand for inulin syrup or liquid segment could rise due to its growing usage in pharmaceutical and nutraceutical formulations.
| Attributes | Details |
|---|---|
| Top Application Type | Food and Beverages |
| Market Share in 2023 | 56% |
The food and beverage sector is estimated to generate 56% of the total demand for inulin in 2023. This is due to growing usage of inulin in a wide variety of food and beverage products globally.
Inulin can be used instead of sugar in confections such as chocolates and sweets. It is a desirable alternative for healthy confectionary formulations due to its reduced calorie content and sweetening qualities. Opportunities for inulin have been generated by the growth of functional foods.
To increase the amount of fiber, inulin is added to cereals and snack bars. This is in line with consumers' increasing desire for snack alternatives that are higher in nutrients and wellness. Nutritional supplements, especially those that target digestive health, frequently include inulin.
The food and beverage industry makes higher use of inulin for the preparation of functional ingredients, sugar substitutes, as well as a texture modifier. The requirement of inulin powder in the bakery and confectionery sector is anticipated to further boost the target segment.
The dietary supplements segment, on the other hand, is expected to create lucrative revenue-generation opportunities for manufacturers of inulin. This is due to rising demand for dietary fiber supplements and probiotic formulas.
The recognition of inulin as a safe product by several regulatory authorities has played a defining role in emerging new market players. Over the coming years, the global market is expected to become competitive with the gradual entry of startups operating in Asia and Africa.
Long-term market development is anticipated to be aided by emerging unique applications of inulin. Inulin for baby or pet food is an emerging trend expected to open new opportunities for market players in the coming days. To solidify their market positions, key players are expected to launch new products, reduce costs, and form partnerships or collaborations.
Recent Developments in the Inulin Market
| Attribute | Details |
|---|---|
| Estimated Inulin Market Size (2023) | USD 1,678.9 million |
| Projected Inulin Market Value (2033) | USD 2,345 million |
| Anticipated Growth Rate (2023 to 2033) | 3.4% |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million or billion for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Middle East and Africa (MEA); East Asia; South Asia and Oceania |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia and New Zealand, GCC Countries, and South Africa |
| Key Segments Covered | By Source Type, By Form, By Function Type, By Application, By Sales Channel and By Region |
| Key Companies Profiled | Archer Daniels Midland Co.; S Cargill Incorporated; Sudzucker Group; Ingredion Incorporated or TIC Gums; Tate & Lyle PLC; Dow DuPont; FMC Corporation; Koninklijke DSM N.V.; PMV Nutrient Products PVT Ltd.; Qingdao Oriental Tongxiang International Trading Co. Ltd.; Sensus B.V.; Steviva Brands, Inc.; Tereos S.A.; The IIDEA Company; TrooFoods Ltd. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market is estimated to generate USD 1,678.9 million in 2023.
The demand is likely to grow at 3.4% CAGR through 2033.
The food and beverage sector accounts for 56% of the global inulin application.
The United Kingdom could follow 6.2% CAGR in consumption of inulin through 2033.
Growing consciousness of health and fitness among younger age groups is boosting sales.
Inulin is used for improving gut health, managing blood sugar, and boosting immunity.
Chicory root inulin appears to be the most potent prebiotic fiber.
1. Executive Summary 2. Market Overview 3. Market Dynamics 4. Regulations 5. Global Market - Pricing Analysis 6. Value Chain Analysis 7. Global Market Size (in Value (USD million) and Volume (MT) Analysis 2018 to 2022 and Forecast, 2023 to 2033 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Source 8.1. Leeks 8.2. Asparagus 8.3. Onion 8.4. Wheat 8.5. Garlic 8.6. Chicory 8.7. Oats 8.8. Soybean 8.9. Jerusalem Artichokes 8.10. Other Sources (Banana, etc.) 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Form 9.1. Powder 9.2. Liquid 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Function 10.1. Bifdus Promoting Agent 10.2. Fiber Enhancer 10.3. Sugar Alternative 10.4. Fat Alternative/ Replacer 11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 11.1. Direct Sales 11.2. Indirect Sales 11.2.1. Modern Trade Channels 11.2.2. Specialty Stores 11.2.3. Franchise Outlets 11.2.4. Online Retailers 11.2.5. Others 12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 12.1. Food and Beverages 12.1.1. Functional Food 12.1.2. Dairy Products 12.1.3. Infant Formula 12.1.4. Breakfast Cereal and Cereal Bars 12.1.5. Meat Products 12.1.6. Beverages 12.1.7. Others 12.2. Dietary Supplements 12.2.1. Weight Loss 12.2.2. Sports Nutrition 12.2.3. General Well-Being 12.2.4. Immune and Digestive Health 12.2.5. Bone and Joint Health 12.2.6. Heart Health 12.2.7. Other Specific Requirements 12.3. Animal Feed Additives 12.3.1. Poultry 12.3.2. Swine 12.3.3. Cattle 12.4. Pet Food 12.5. Aquafeed 13. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 13.1. North America 13.2. Latin America 13.3. Europe 13.4. East Asia 13.5. South Asia 13.6. Oceania 13.7. Middle East and Africa 14. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 15. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033 16. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033 17. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 18. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033 19. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033 20. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033 21. Country-level Market Analysis 22. Market Structure Analysis 23. Competition Analysis 23.1. Archer-Daniels-Midland Co. 23.2. Cargill Incorporated 23.3. Südzucker Group 23.4. Ingredion Incorporated/ TIC Gums 23.5. Tate & Lyle PLC 23.6. Dow DuPont 23.7. FMC Corporation 23.8. Koninklijke DSM N.V. 23.9. PMV Nutrient Products Pvt. Ltd 23.10. Qingdao Oriental Tongxiang International Trading Co., Ltd 23.11. Sensus B.V. 23.12. Steviva Brands, Inc. 23.13. Tereos S.A. 23.14. THE IIDEA Company 23.15. TrooFoods Ltd. 23.16. Others on Additional Request 24. Assumptions and Acronyms Used 25. Research Methodology
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