Global Inulin Market Forecast 2017-2024
- February 2017
- 178 pages
- Inkwood Research
The global Inulin market is estimated to inflate at an approximate CAGR of 9.45% during the forecast years of 2017 to 2024. The predominant usage of Inulin in dairy products like yogurt, cheese, and ice-creams is a primary driver for the growth of Inulin market.
The Inulin market is segmented on the basis of Application and Geography. The Inulin market on the basis of Application is segmented into Food & Beverage, Dietary supplements, pharmaceutical and others. The Inulin Food & Beverage market is segregated into Bakery & Confectionary products, Cereals, Dairy products, Meat products, Sports drinks and others. The Inulin market based on Geography is categorized into North America, Europe, Asia-Pacific, Middle East & Africa, and Central & South America.
With the rise in the number of diabetic patients and rising awareness of the advantages of consumption of food with low-fat, sugar-free and low calories, the Inulin market is anticipated to inflate. The growth of the dairy industry and rise in the health conscious population and the demand for health-conscious diet products with low calories, low fat and sugar-free are prime contributors to the growth of the Inulin market. The Prebiotics ingredients and products market growth are a predominant restraint for the Inulin market. The Prebiotics ingredients and the availability of Inulin substitutes like maltodextrin, lactulose, sucralose, and others additionally act as a restraint for the market growth.
Europe Inulin market holds the largest market share in the global Inulin market. North America Inulin market holds the second largest market share in the global Inulin market. With the increase in growth opportunities, Asia-Pacific Inulin market is anticipated to grow at a high CAGR during the forecast years. The acceleration in the lifestyle diseases and rise in awareness and spending capability for a healthy lifestyle are projected to drive the Inulin market. The growth of dairy industry in Asia-Pacific, Europe, and North America will lead to the growth of Inulin market.
The leading players in the global Inulin market are Adept Impex Private Limited, Beneo-Orafti SA, Cosucra-Groupe Warcoing SA, Ciranda Inc., Wuxi Cima Science Co. Ltd, Shandong Baolingbao Biotechnology Co. Ltd, PMV Nutrient Products Pvt. Ltd., The Green Labs LLC, Cargill Incorporated, The Tierra Group, Fenchem Inc., Dingxi Longhai Dairy Co., Ltd., Sensus B.V, Jarrow Formulas, and Keminterpharm.