Inulin Market

Inulin Market Outlook (2024 to 2034)

the global inulin market revenue is estimated at US$ 431.2 million in 2024 and has been projected to increase at a CAGR of 4.8% to reach US$ 689.2 million by the end of 2034.

Inulin is a soluble fiber and starchy element that is found in a variety of cereals, fruits, and vegetables such as bananas, onions, asparagus, chicory roots, agave, garlic, and others. It is naturally produced by plants, is high in fiber, enhances digestive health, and reduces cholesterol levels. This product has gained recognition mainly due to its health-benefiting properties.

Key Market Growth Drivers

• Inulin is a completely plant-based and vegan product, making it highly attractive for vegans and people who prefer plant-based food products. An increasing number of people are following plant-based diets, and this trend is expected to create new avenues for inulin manufacturers across the globe.
• Increasing use of organic and plant-based ingredients in pharmaceutical and nutraceutical formulations is also expected to result in overall inulin market growth.
• Inulin is also used as a substitute for sugar in confections such as chocolates and sweets. It is a preferred option for creating healthier confectionery products because it has fewer calories and provides sweetness. Increasing popularity of functional foods will create ample opportunities for the use of inulin going ahead.
• Global inulin market size is exhibiting steady growth, driven by the increasing consumer awareness of the health benefits associated with dietary fibers. Inulin, being a natural prebiotic, is gaining popularity for its role in promoting gut health by stimulating the growth of beneficial bacteria in the colon.

Report Attributes	Details
Inulin Market Size (2024E)	US$ 431.2 Million
Forecasted Market Value (2034F)	US$ 689.2 Million
Global Market Growth Rate (2024 to 2034)	4.8% CAGR
East Asia Market Share (2024E)	21.6%
North America Market Share (2024E)	25.6%
Liquid Inulin Segment Value (2034F)	US$ 150 Million
Revenue from Agave Inulin (2024E)	US$ 178 Million
Key Companies Profiled	BENEO-Orafti SA; TrooFoods Ltd.; Steviva Brands Inc.; PMV Nutrient Products Pvt. Ltd; Sensus B.V.; Naturel West Corp EU B.V.; The Tierra Group; Cosucra Groupe Warcoing SA; NOW Health Group Inc.; THE IIDEA Company; Jarrow Formulas Inc.; Natura BioFoods; Nova-BioRubber Green Technologies Inc.; The Green Labs LLC; Nutriagaves de México SA de CV

What is a Key Inulin Market Trend Benefiting Manufacturers?

“More People Shifting to Organic and Plant-based Diets”

Increasing use of organic and plant-based ingredients in pharmaceutical and nutraceutical formulations is a key factor that will drive inulin demand over the next ten years. Inulin is increasingly being used in the food and beverage industry as a functional ingredient, sugar substitute, and texture modifier. Demand for inulin powder in bakery and confectionery products is already high. To boost fiber content, inulin is included in cereals and snack bars. This aligns with the growing consumer demand for healthier snack options with increased nutrients. Inulin is a common ingredient in nutritional supplements, particularly those aimed at promoting digestive health.

What are the Challenges Faced by Inulin Manufacturers?

“Issues Regarding Availability of Raw Materials”

Natural inulin production can be costly, particularly when extracted from specific natural sources, which can hamper market growth. The extraction of inulin from plants such as chicory roots or Jerusalem artichokes necessitates specialized equipment and expertise, which raises overall production costs. Raw material availability, labor cost, and energy prices are all contributing to the rising prices of inulin.

Chicory roots are grown in specific regions, and factors such as weather, crop disease, and market demand can all have an impact on availability. This limited supply of raw materials is causing fluctuations in the price and availability of inulin, posing challenges for both manufacturers and buyers.

Country-wise Insights

North America is estimated to account for 25.6% of the global inulin market share in 2024, followed by East Asia, which is set to hold a market share of 21.6% in 2024. Demand for chicory root fiber is expected to increase substantially in North America and Europe over the forecast period, driven by shifting consumer preferences and rising demand for plant-based and vegan foods. Organic inulin is expected to be in higher demand than conventional inulin due to rising consumer awareness of organic foods and ingredients around the world.

Why is the United States a Key Market for Manufacturers of Inulin?

“Rising Awareness among Consumers about Health & Fitness”

Attribute	United States
Market Value (2024E)	US$ 87.4 Million
Growth Rate (2024 to 2034)	5.1% CAGR
Projected Value (2034F)	US$ 143.3 Million

Consumption of inulin in the United States is set to account for around 80% market share in the North American region in 2024. Consumers in the country are becoming increasingly aware of their health and fitness, and this trend is projected to primarily influence the demand for inulin powder. Moreover, the rising consumption of dietary supplements and nutraceuticals by people in their late ‘30s and ‘40s is also set to promulgate demand for inulin fiber over the coming years.

Increasing incidence of obesity and rising demand for low-calorie products are other factors that are expected to push chicory root fiber demand in the country through 2034.

Will Japan Be a Remunerative Market for Inulin Producers?

“Inulin Popular for Improving Digestive Health”

Attribute	Japan
Market Value (2024E)	US$ 16.9 Billion
Growth Rate (2024 to 2034)	6.4% CAGR
Projected Value (2034F)	US$ 31.4 Billion

Japan is expected to hold a market share of 18.2% in East Asia in 2024. Japan has a high number of aging people, and this is a prime factor that is expected to drive demand for inulin prebiotics in the country. Inulin is proven to improve digestive health and helps elderly people experience regular bowel movements. This is expected to push the sales of inulin supplements over the coming years.

Category-wise Insights

The inulin market is categorized into powdered and liquid forms, of which, powdered inulin is expected to account for a market share of 76.25% in 2024. By source, the market is segmented into agave inulin, chicory root inulin, and Jerusalem artichoke inulin, with the first one poised to hold a market share of 41.23% and chicory root to account for 37.21% in 2024.

Which Form of Inulin is Most Widely Consumed in the Market?

“Powdered Form Easier to Store and Transport”

Attribute	Powdered Inulin
Segment Value (2024E)	US$ 329 Million
Growth Rate (2024 to 2034)	5.1% CAGR
Projected Value (2034F)	US$ 539 Million

Inulin powder is in high demand due to its increasing use in the production of dietary supplements, medicines, and nutraceuticals. Inulin powder helps in improving the taste and texture of a variety of foods, including baked goods, sweets, and dairy substitutes. The ability to improve the sensory aspects of these products is beneficial to manufacturers of inulin. In the commercial market, the powder form of inulin is preferred because it is easier to store and transport.

Which Source is Contributing Significantly to Inulin Market Expansion?

“High Availability, Easy Processing, and Rising Demand for Chicory Root Inulin”

Attribute	Chicory Root
Segment Value (2024E)	US$ 160 Million
Growth Rate (2024 to 2034)	5.2% CAGR
Projected Value (2034F)	US$ 266 Million

A significant amount of inulin is extracted from chicory root due to its high availability in powdered as well as liquid form. This source is set to capture a market share of 37.21% in 2024. High availability, easy processing, and rising demand for chicory root inulin are key factors driving the extraction of inulin from chicory root. Most of the chicory root inulin is sourced from Latin America and Europe. Whereas, a majority of chicory root inulin is processed in the Asia Pacific region due to the low labor costs.

Competitive Landscape

Key players in the inulin market are focusing on expanding their production capacity by setting up new plants and increasing the capacity of existing facilities. Manufacturers are increasing the use of inulin in pharmaceuticals, nutraceuticals, and dietary supplements, which is resulting in higher demand for inulin.

• In November 2021, Beneo, a renowned food ingredient manufacturer and supplier, announced an investment of US$ 31.72 million in the expansion of prebiotic chicory root fiber production plants in Belgium and Chile.
• In August 2022, ió fibrewater, a United Kingdom-based prebiotic water brand, announced the launch of its new prebiotic fiber-infused water that promises to deliver 100% of the recommended daily prebiotic fiber intake and 20% of the recommended daily dietary fiber intake. Water is combined with soluble dietary fiber to create this unique product and takes advantage of chicory root to promote gut health.

Fact.MR provides detailed information about the price points of leading manufacturers of inulin positioned across the world, sales growth, production capacity, and technological advancements, in this updated market report.

Segmentation of Inulin Market Research

• By Type:

  • Agave
  • Chicory Root
  • Jerusalem Artichoke

• By Form:

  • Powdered
  • Liquid

• By Nature:

  • Organic
  • Conventional

• By End Use:

  • Functional Food & Beverages
  • Clinical Nutrition
  • Dietary Supplements
  • Dairy Products
  • Infant Formula
  • Breakfast Cereals & Cereal Bars
  • Meat Products
  • Animal Nutrition
  • Pharmaceuticals

• By Region:

  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • East Asia
  • South Asia & Pacific
  • Middle East & Africa