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INULIN MARKET ANALYSIS

Inulin Market, By Nature (Organic and Coventional), By Application (Food and Beverage, Dietary Supplements, and Pharmaceuticals), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

  • Published In : Jul 2024
  • Code : CMI5266
  • Pages :167
  • Formats :
      Excel and PDF
  • Industry : Food and Beverages

Regional Analysis

Inulin Market Regional Insights

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North America has dominated the global inulin market and is expected to account for 38.8% share in 2024. The presence of leading inulin manufacturers such as Beneo GmbH and Cargill Inc has strengthened the supply network in this region. These players have established robust distribution channels to cater to the growing demand from food & beverage industry. Prebiotic ingredients including inulin found wide applications in dairy products, baked goods, cereal bars, and other food items in North America. Moreover, rising health consciousness and changing lifestyles have boosted the consumption of functional foods and dietary supplements, driving the sales of inulin.  The market in North America also benefited from supportive regulatory framework and food labeling norms regarding use of prebiotic food ingredients. Inulin gained recognition as a labelling claim for foods and dietary supplements under U.S. FDA regulations, proving useful for marketing strategies. In addition, trade activities play an important role as the U.S. imported a significant amount of inulin from major exporting countries like Germany and Belgium in recent times. This ensured adequate supply and competitive prices for the well-established North American food processing industry.

On the other hand, the Asia Pacific region has emerged as the fastest growing market for inulin globally. Changing demographics, improving living standards, and rising expendable income in Asia Pacific's developing economies such as India and China have boosted the demand for high-value functional ingredients in this region. The presence of nearly 60% of the world's population provides immense opportunities for the expansion of inulin market in Asia Pacific. The regional food and beverage industry is incorporating prebiotic ingredients in product launches to cater to the growing health-conscious consumer base. Furthermore, Asia Pacific is gradually establishing itself as an agriculture and food production powerhouse. Several governments in Asia Pacific are supporting farmers to cultivate crops like chicory root that can help boost the regional supply of inulin. Companies are also investing in new extraction facilities that will strengthen Asia Pacific's position in global inulin trade in the coming years. With its rapidly expanding middle-class population and improving regulatory outlook, Asia Pacific is expected to continue dominating global inulin market growth.

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