Inulin Market: Introduction
A recent study published by Transparency Market Research on the inulin market includes
global Industry analysis and opportunity assessment for 2021-2031.
The revenue generated from the inulin market in Europe was valued at US$ 378.2 Mn
in 2021, which is estimated to rise at a CAGR of 6.3%,
to reach US$ 697.8 Mn by 2031. Germany, France,
and the U.K. account for a significant share of Europe inulin market, powered
by high per capita consumption.
Growing Consumer Preference for Natural Food
Ingredients
The way consumers are seeing natural food ingredients has changed their
purchasing pattern. The adequacy of natural products and health benefits
associated with them are the most decisive factors for the expansion of natural
products and consequently, for the inulin market. Customer preferences have
been leaning toward natural ingredients due to various diseases and people
being allergic to synthetic ingredients. This has proved to be beneficial for
dietary supplements segment, as they are based on natural ingredients, which
enhance health and wellness. Thus, the increasing demand for ingredients
derived from natural products is expected to bolster the use of inulin in
different food products.
Increasing Consumer Awareness towards Preventative
Healthcare
Health and wellness are the core concerns among consumers in both,
developed and developing countries. Increasing pollution, urbanization, busy
lifestyle, and excessive working hours are key factors affecting human health.
Owing to this, consumers across the world are becoming more health-conscious,
which results in increased consumption of healthy and functional food &
beverage products.
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The millennial population consumes energy drinks or supplements to
maintain everyday energy levels of the body. An average working-class consumer
consumes energy supplement and drinks products in the prevention of energy
deficiency, owing to the exhaustion of work and other activities. These are the
key factors fueling the demand for energy supplement products. The increasing demand
for energy supplements is expected to propel the inulin market.
Rising Demand for More Efficient Animal Feed
Solutions
Feed prices are prohibitively high with detrimental effects on producer
profitability and consumer prices, which compels farmers to search for
alternatives in saving feed cost without hampering the animal performance.
Healthy gut microbiota are key to efficient nutrient absorption,
ensuring stable growth and wellbeing of all animal species. The inulin is a
non-digestible oligosaccharides that is fermented in the gastrointestinal tract
of farm animals and pets. Inulin can support animal performance and health by
affecting nutrient digestion, gut microflora, and gut morphology.
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BENEO is
one of the few ingredient suppliers providing a specific feed-grade portfolio
of inulin-type fructans derived from the chicory root: inulin and oligofructose
Challenges for Wheat Starch Manufacturers
The tightening of regulations around supplement manufacturing, product
safety, and efficacy claims about food products hinder market growth. Over the
past year, there has been a noted increase in FDA enforcement actions
pertaining to food and dietary supplement labelling violations. Manufacturers
will need to be more careful with the language they chose to put on labels to
avoid making either implied nutrient content claims or efficacy/health benefit
claims. Tighter regulations will also be applied to manufacturing processes and
practices in order to ensure quality and safety in light of recent recalls.
These factors are expected to slow down the growth of the Inulin market.
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