Application Insights
Food & beverages dominated the application segment and accounted for over 65% of market share by volume
in 2013 and is expected to witness growth over the forecast period owing to rising usage of probiotic functional
ingredients that aid in reduction of sugar level and improving gut health. Inulin contains non-digestable fiber
which helps in stimulating bacterial growth in human body, owing to which the demand for these products in
dietary supplements is expected to remain high over the forecast period. The other applications of inulin include
coating, construction, and animal feed industries.
Regional Insights
Europe dominated the global inulin market by accounting over 40% in 2013 and is expected to witness growth
on account of regulatory support over the usage of functional ingredients in food & beverage industry in this
region. Slow growth of food & beverage industry in Spain, Italy, and Germany coupled with European
Commission’s limitation over the production quota of inulin is expected to act as a challenge to the market
growth.
North America is the second largest market driven by rising health awareness and growing expenditure on
wellness products. The rising innovation on sugar free products coupled with growing demand for diverse low
fat and dietary supplements is expected to boost demand for these food ingredients.
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Growing dairy industry in Asia Pacific countries such as China and India owing to strong regulatory support
coupled with growing domestic demand is expected to propel the inulin demand. The market in India has
received a boost as the government is providing subsidies for farmers involved in the cultivation of chicory roots.
Growing food & beverage industry in Brazil and Saudi Arabia is expected to have a positive impact on inulin
demand over the forecast period.
Competitive Insights
The industry environment is competitive due to the presence of less number of manufacturers. Key players in
the market are Cosucra, Sensus, Jarrow Formulas, and Beneo-Orafti. Technological advancements coupled with
new product development and strategic partnerships are the key factors responsible for growing market share.