Inulin is a starch which is available in fruits, vegetables and herbs. It is consumed by consumers mostly in their daily routine products like onion, garlic, wheat, banana, chicory root, wild yams, leeks etc. It comprises of rich fiber and has very low calories. Inulin plays significant role in growth of intestinal bacteria and due to which it also considered as a dietary fiber. In current era, usage of inulin or food which contains inulin has increased and it is due to its characteristics of health benefits and one of the major source as a fat substitute. Nowadays consumers are more conscious about their health and use inulin as a nutritional component. On the basis of above mentioned positive aspects, it depicts that it will have tremendous growth in upcoming years.
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One of key fundamental driver which is making mindfulness among the consumers with respect to the consumption of inulin is due to its multitude characteristics in terms of health benefits and its role as a functional food. Another driver is that Inulin also helps in weight loss and constipation or it can be said that inulin act as promoter of digestive health. Trend of consuming the products which contains inulin has augmented as it eliminates the cholesterol, stimulates the immune system and also enables the human body to absorb better nutrients. Mostly companies which offers processed food, uses inulin as one of the important ingredient in their products. Reason behind using as one of the primary constituent in their products is that it mainly attracts the consumers who are very conscious towards their diet as inulin is one the vital item to maintain good health. Though there are various factors which increase the growth rate of inulin usage, but in some cases it is found that it also has some negative impact also. Excessive consumption of inulin is allergenic and discomfort in digestive system and this negative aspect may restraints it’s increasing demand in future.
Market segmentation of inulin is segmented on the basis of its application such as in food products, pharmaceuticals and as dietary supplement. In perspective to food product it is used in both processed food and unprocessed food. In pharmaceutical segment, it helps to measure the functioning of kidney. On the other side in context to dietary supplement it is used for stimulating the immune system and to eliminate the problems related to constipation and intestinal problems. Among all these segments, higher market segment is of food products and dietary supplements. At global level, market of inulin will witness great measure of growth rate and mainly it is due to rising in number of health conscious consumer as it also considered as powerhouse of fiber with low calorie food. In addition to this revenue will also generated from dietary supplements as it is rich in fiber and higher nutritional components. Moreover, in context to market size, major source of income will also be from sales of food and beverages comprised of inulin as it easily incorporated into dairy products and drinks. Considering on the future demand of inulin at global level, demand of this product will grow by higher CAGR, as inulin can be easily incorporated in food products, medicines and also as a dietary supplements.
Considering on the side of application insight, food and beverage will have higher proportion on chart. Further this market can be sub-segmented into processed food products (ice-cream, yogurt, cheese etc.) and functional food ingredients. In next few years, market volume of inulin will also tremendously increase because of increasing demand in food and beverage industry. On analyzing the current market information, inulin will be mainly used in processed food products because it is touted as one of the best ingredient in dairy products which are mostly considered by health conscious customers. Owing to this, the reason behind highest share of application from the perspective of processed food is that it has all characteristics of healthy food like low caloric value, stimulate immune system and enhance digestive health.
Some of the major giant players which sell inulin at global and regional level are Cosucra, Novabiorubber, Jarrow Formulas, Now Foods, Cargill Foods, Beneo-Orafti, Green Labs LLC, Parchem, Tic Gums and Sensus. Market of inulin is highly competitive as there are very less number of companies which deals in business of inulin. Currently companies are emphasizing on selling broad range of food products comprised of inulin as its demand will escalate along with rising number of health conscious consumers.
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