Inulin Market Forecast $2.98 Billion With CAGR: 6.9% By 2032

Inulin Market Size Worth USD 2.98 billion By 2032 | CAGR: 6.9%


The global inulin market size is expected to reach USD 2.98 billion by 2032, according to a new study by Polaris Market Research. The report “Inulin Market Share, Size, Trends, Industry Analysis Report, By Source (Chicory, Agave, Jerusalem artichokes, Asparagus, Others), By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growing popularity and diverse applications of this versatile carbohydrate characterize the inulin market. Inulin is a naturally occurring polysaccharide that is frequently extracted from plants such as chicory roots. It is a fructan that is made up of chains of fructose molecules. Because of its potential health benefits, inulin is being used in pharmaceuticals and dietary supplements in addition to the food industry. It is known to help with digestive health, calcium absorption, and weight management, which aligns with the growing consumer demand for functional ingredients that promote overall well-being. Because of its role in improving gut health, diabetes, and cholesterol, the COVID-19 outbreak has increased demand for inulin. Immunity-boosting and nutritional supplements have become popular among consumers. The pandemic has raised consumer health awareness about the importance of purchasing sustainable and organic food products. Also, the rising prevalence of lifestyle-related health issues such as obesity and digestive disorders has increased the demand for functional ingredients such as inulin. As inulin is often perceived as a natural and plant-derived alternative, the growing trend of clean-label and natural products has boosted the market.

However, the high production costs associated with extracting inulin, particularly from chicory roots, act as a restraint. Along with this, the scarcity of raw materials and price fluctuations have an impact on the overall cost of inulin production. Market participants face challenges due to regulatory complexities and standards regarding health claims associated with inulin products.

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The growing geriatric population has played an important role, as older people seek dietary solutions to address health concerns associated with aging. With its well-known benefits for digestive health and overall well-being, inulin has grown in popularity as a valuable ingredient in products aimed at this demographic. Simultaneously, rising disposable income has enabled consumers to make more informed and health-conscious decisions about their dietary preferences. To expand their customer base and strengthen their position in the inulin market, the leading players are strengthening their presence in various geographies by entering new emerging markets. To meet the growing consumer demand, the companies are also introducing new innovative products to the market.

Inulin Market Report Highlights

  • The food and beverage segment dominates the inulin market due to inulin's inherent qualities, such as its ability to serve as a soluble dietary fiber and prebiotic, which have positioned it as a highly preferred ingredient in the formulation of various food and beverage products.
  • The Europe region leads the market in 2023 due to a combination of several factors that collectively contribute to the region's robust demand for inulin. With an increasingly health-conscious consumer base, Europe has seen a growing emphasis on healthy and functional foods.
  • The Asia Pacific region is expected to have the fastest CAGR in the inulin market over the forecast period, owing to a significant shift in dietary preferences and lifestyles, as well as an increased emphasis on health and wellness.
  • The global key market players include BENEO, Cargill, Ciranda, COSUCRA, FENCHEM, Jarrow Formulas, Inc. Nova Green Inc., Sensus BV (Royal Cosun), The Ingredient House, The Tierra Group, etc.

Polaris Market Research has segmented the Inulin market report based on source, application, and region:

Inulin, Source Outlook (Revenue - USD Billion, 2019 - 2032)

  • Chicory
  • Agave
  • Jerusalem artichokes
  • Asparagus
  • Others

Inulin, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Pharmaceutical
  • Dietary Supplements
  • Food and Beverages
  • Others

Inulin, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

 

Inulin Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 1.74 billion

Revenue Forecast in 2032

USD 2.98 billion

CAGR

6.9% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments Covered

By Source, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

Report customization as per your requirements concerning countries, regions, and segmentation.

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