Published: 2018-12-18   Views: 23
Author: Factmr
Published in: Food & Beverage
Global Inulin Market Scenario Highlighting Major Drivers & Trends, 2018-2028

Awareness regarding the adverse effects of inappropriate consumption of sugar has led consumers to actively seek sweeteners of both types including natural as well as artificial sweeteners. In particular, with the intention of weight loss and reducing the risk of diabetes, consumption of artificial sweeteners has intensified in the recent past. However, artificial sweeteners include man-made chemicals that are harmful to human health. Additionally, artificial sweeteners contain high-calorie content that bothers health-conscious consumers. On the other hand, natural and organic sweeteners have low-calorie content and are devoid of harmful chemicals. Owing to this, natural sweeteners such as agave syrup, stevia, and inulin have gained considerable traction. This significant shift in consumer adoption successfully addresses major problems faced during the usage of sugar and artificial sweeteners. Given that rising demand for natural sweeteners among health-conscious consumers is likely to bolster inulin adoption, in turn, driving the Inulin Market in the coming decade.

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Increasing Per Capita Expenditure on Dietary Supplements and Functional Foods to Bode Well for the Inulin Market

Modern consumers are spending more on dietary supplements and exogenous nutrition. Growing population of proactive consumers which are inclined towards health and fitness are avid purchasers of the dietary supplements and functional foods. Increasing expenditure on clinical nutrition and functional is also driving the growth of the global inulin market, and this trend is expected to continue over the forecast period. As compared to other sweeteners, inulin has a higher nutritional content such as rich in fibers and presence of minerals such as potassium and calcium, proteins, and vitamins like vitamin C. For instance, in North America consumers under the age of 37 years old are observed to be the major consumers of the dietary supplements whereas consumers of age 40-50 are gradually developing tendency to adopt supplements. Factors as such are expected to result in a significant rise in the inulin adoption is likely to bode well for the inulin market during the forecast period.

Strong Supply Chain to Fill the Gap between Processing Facilities and Feedstock Resource

Latin America and Western Europe supply feedstock for inulin such as agave, chicory and Jerusalem artichoke with the growing demand from the key producers of inulin. However, countries in the Asia Pacific are establishing processing facilities of inulin owing to the advantages such as the abundance of resources and economic labor. Particularly, China and India are witnessing the establishment of various processing facilities of inulin, presenting a huge demand for inulin feedstock. Well-established shipping routes and supply chain have braced these establishments of processing facilities in Asia Pacific region. With the presence of strong supply chain and shipping routes, accessibility of feedstock of inulin has increased significantly in the Asia Pacific region, in turn, supporting the growth of the inulin market in the global space during the estimated period.

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Alternative Prebiotic Ingredients and Adverse Effects of Excessive Inulin Consumption to Challenge Adoption

Naturally derived ingredients such as mannan oligosaccharides (MOS), fructooligosaccharides (FOS), galactooligosaccharides (GOS), and inulin are highly sought after in the prebiotics market. Increasing use of alternative prebiotic ingredients such as GOS and MOS is expected to outnumber adoption of inulin in the future. On the other hand, inappropriate and excessive consumption of inulin leads to adverse effects such as discomfort in the digestive system and allergic reactions. Presence of alternative prebiotic ingredients and adverse side effects of inappropriate inulin consumption are likely to challenge the adoption of inulin in the future, in turn influencing growth trajectory of the inulin market during the forecast period.

Competition Landscape

In this section of the report, a competitive landscape has been included to provide the users with a dashboard view of companies. Key players covered in the report are inulin manufacturers that cater needs of clinical nutrition, dietary supplements, functional food and beverages, dairy products, breakfast cereals and cereal bars, and animal nutrition. Detailed company profiles of the inulin providers are also included to evaluate their long-term and short-term strategies, key offerings and recent developments.

Some of the major companies operating in the inulin market are Cargill Incorporated., BENEO-Orafti SA, Steviva Brands, Inc., THE iiDEA COMPANY, Cosucra Groupe Warcoing SA, Sensus B.V., Naturel West Corp EU B.V., The Tierra Group, NOW Health Group, Inc., Jarrow Formulas, Inc., The Green Labs LLC, PMV Nutrient Products Pvt. Ltd., TrooFoods Ltd., Nutriagaves de México SA de CV, Natura BioFoods, Nova-BioRubber Green Technologies Inc. among the other players.

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