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Inulin Market Size

Report ID: GMI7821
Published Date: Jan 2024
Report Format: PDF

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Inulin Market Size

Inulin Market size was valued at USD 1.8 billion in 2023 and is anticipated to grow a CAGR of over 6.2% between 2024 and 2032. Inulin purported health benefits, which include better digestion, improved gut health, and potential management of metabolic disorders, prebiotic dietary supplements and functional foods are driving the market. Further driving market expansion is the growing use of inulin as a natural sugar and fat substitute in the food and beverage industry. Its texture-enhancing qualities also make it a useful ingredient in a variety of goods.

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In addition, there are important factors that are encouraging the acceptance of inulin in a variety of industries, such as the growing trend toward better lives and the increased occurrence of diseases linked to lifestyle choices.

Inulin Market Report Attributes
Report Attribute	Details
Base Year:	2023
Inulin Market Size in 2023:	USD 1.8 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	6.2%
2032 Value Projection:	USD 3 Billion
Historical Data for:	2018 – 2023
No. of Pages:	120
Tables, Charts & Figures:	251
Segments covered:	Product, Nature, Form, Application & Region
Growth Drivers:	Increasing Consumer Demand for Healthier Food Options Growing Awareness and Preference for Natural and Functional Ingredients Expansion of Functional Food and Beverage Market
Pitfalls & Challenges:	Regulatory Challenges and Compliance Issues Supply Chain Disruptions and Raw Material Shortages

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Compliance complexities and changing regulations pose obstacles, impacting product development, market entry, and operational procedures, requiring constant adaptation and adherence to evolving standards, potentially impeding seamless market integration and innovation within the industry.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of inulin reached USD 1.8 billion in revenue in 2023 and is set to witness 6.2% CAGR from 2024 to 2032, led by growing usage as a natural sugar and fat substitute.

Chicory root inulin segment is poised to witness high demand between 2024 and 2032, owing to its widespread availability, established production infrastructure, and superior market penetration.

U.S. market size was worth USD 608.2 million in 2023, attributed to the presence of well-established industries and a strong focus on innovation and technology.

Some of the leading insulin firms are The Green Labs LLC, NOW Foods, Cargill, Beneo, Jarrow Formulas, Cosucra Groupe Warcoing SA, Sensus B.V., The Tierra Group, Ingredion Incorporated, Novagreen Inc., Groupe Sicad, Cosun Biobased Products, and Qinghai Weide Biotechnology Co., Ltd.