Increasing health conscious population has directly influenced the adoption of natural sweeteners in the recent years. The surge in the demand for natural sweeteners such as stevia, agave syrup, and inulin is further led by growing awareness of adverse effects of sugar consumption. According to a market intelligence published by Fact.MR, high preference of natural products over artificial variants is likely to drive Asia Pacific inulin market. Although artificial sweeteners have gained increasing popularity with benefits of weight loss and reducing the risks of diabetes, chemicals and high-calorie content bothered the population. This has led to inclination towards natural sweeteners, thereby influencing growth in Asia Pacific inulin market.
Wide establishment of processing facilities of inulin across Asia Pacific is the driving force of inulin market in this region. In addition, accessibility of inulin feedstock has improved significantly with abundance of resources, efficient supply chain, and strong shipping routes in developing countries like China and India. The Fact.MR’s study foretells the Asia Pacific inulin market to cross a value of US$ 680 Mn by 2028-end.
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Rising demand for food products with natural ingredients has surged the adoption for inulin in various parts of Asia Pacific. With growing diabetic and obese demographic, inulin are mostly sought for its low glycemic index and multiple functions. Furthermore, application of inulin as fat substitutes in meat industry and for flavoring in various food sectors are likely to create lucrative dimensions of the market.
According to the Fact.MR’s study, the Asia Pacific inulin market will remain consolidated in China and India, cumulatively accounting for half of the total market share. Among end users, inulin market in Asia Pacific is likely to be generated by dairy products, expanding at an impressive 7.5% CAGR, while dietary supplements segment maintains its supremacy. India being the largest producer of chicory, based on source, chicory inulin is likely to be the leading revenue contributor in Asia Pacific inulin market, with agave inulin contributing to market growth.
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The Fact.MR’s study offers in-depth analysis and key insight on the global outlook of inulin market over the assessment period from2018-2028. In terms of revenue, the global inulin market is estimated to be valued over US$ 1,200 Mn in 2018, exhibiting a healthy CAGR of 5.2% during the forecast period. Although the global inulin market is penetrating in the Asia Pacific region at a quicker pace, Western Europe is estimated to dominate over the regional market, holding the highest value share of 30%. The demand for inulin in Europe is attributed by increasing usage in beverage companies and growing consumer awareness regarding the benefits of inulin.
Some profiles of leading players of global inulin market have been detailed in the Fact.MR report. They include BENEO-Orafti SA, THE iiDEA COMPANY, Sensus B.V., The Tierra Group, Jarrow Formulas, Inc., PMV Nutrient Products Pvt Ltd., Nutriagaves de México SA de CV, Nova-BioRubber Green Technologies Inc., Cargill Incorporated., Steviva Brands, Inc., Cosucra Groupe Warcoing SA, Naturel West Corp EU B.V., NOW Health Group, Inc., The Green Labs LLC, TrooFoods Ltd., and Natura BioFoods.
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