Inulin Market 2019-2028
New Market Study, Report “Inulin Market 2019 Global Market Demand, Opportunities, Growth Drivers, Challenges, Strategies and Forecasts 2028” Has been Added on WiseGuyReports.com.
This report provides in depth study of “Inulin Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Inulin Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Inulin is a naturally occurring polysaccharide that is produced by many plants. Industrially, inulin is extracted from a plant called chicory. A dietary fiber, Inulin is known to have several health benefits. Fructans is the class of dietary fibers to which inulin belongs and is even used by some plants to store energy. Inulin as a fiber is added to many foods to increase the amount of dietary fiber in the foods. It is also available as a dietary supplement. The demand of inulin is ever increasing which is a major reason for the rapid expansion of the global market for inulin.
The global inulin market is expected to register CAGR of 6.5%. The revenue share of the market is expected to reach almost 2.1 billion dollars by 2024. The one factor driving the growth of this market is the increasing awareness about the health benefits of inulin and the increased intake of dietary fibers in one form or the other. Also people prefer naturally occurring fibers and add these to their regular diet.
The consumption of inulin has several benefits like improve digestion and decrease in cardio-vascular diseases. Fibers are also essential for building immunity of the body and ensure a better hormonal balance in the body. The intake of fibers ensures that the stress levels are lower and the body functions in the right manner.
Important Key Players Analysis: Beneo, Sensus, Cosucra, Violf, Novagreen, Gansu Likang, Inuling, Tierra Group and Xirui and more.
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The Inulin market on global level is divided by Type and Application for research study purpose.
By Type, the Inulin market is mainly segmented into chicory root inulins and artichoke inulins among other types of inulins. Of these the chicory root inulins have a larger market share because chicory is used to extract inulin industrially in a more cost-effective manner. The market share for artichoke inulin is also increasing because of the use of these inulins in foods and beverages and bakery and confectionary market.
On the basis of application, inulins find use in food and beverages, pharmaceuticals and dietary supplements. The food and beverage segment dominates the market share of the global inulin market. Dietary supplements segment also contributes in a significant manner to the market share.
There are several key players who give rise to a competitive market for inulins. The major players involve Beneo, Sensus, Cosucra, Violf, Novagreen, Gansu Likang, Inuling, Tierra Group and Xirui. All these players make sure that they provide the best quality inulins in the market at competitive prices to increase their market share.
North America leads the demand for inulin because of the increased awareness about the health benefits of foods that reduce fats and calorie intake. In United States, inulin is considered to be a safe product that can be consumed which is driving the expansion of the market. UK and Europe also contribute significantly to the global inulin market. The Asia Pacific region is bound to witness an increased share in the global inulin market. This is because of the increasing ageing population and increased demand for dairy products.
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The global inulin market will witness a rapid growth in the coming years because more people are becoming aware of the need of dietary fiber for a healthy body. The use of inulins in food items as well as the intake of inulins as dietary supplements is increasing which is leading to the expansion of the global inulin market.
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