Inulin Industry Analysis in South Asia & Oceania
Study on Inulin in South Asia & Oceania by Powder and Liquid for Bifidus Promoting Agents, Fat Alternatives/Replacers, Fiber Enhancers, and Sugar Alternatives from 2024 to 2034
Analysis of Inulin Industry Covering Countries Include Analysis of India, Thailand, Indonesia, Malaysia, Australia & New Zealand, and Rest of South Asia and Oceania
Inulin Sales Outlook for South Asia & Oceania (2024 to 2034)
Inulin sales in South Asia & Oceania are set to reach US$ 138.7 million in 2024 and further increase at a high-value 9.6% CAGR over the next ten years (2024 to 2034). The market in South Asia & Oceania is thus expected to reach a value of US$ 347 million by the end of 2034.
Increasing focus on health and fitness in people of the South Asia & Oceania region is projected to be the primary prospect driving sales of inulin in the future. The rising popularity of veganism, changing consumer preferences, growing diabetic population, and high demand for sugar alternatives and natural sweeteners are also forecasted to bolster inulin shipments in South Asia & Oceania across the study period and beyond.
High use of inulin fiber in the formulation of plant-based dietary supplements and nutraceuticals is also slated to offer moneymaking opportunities for inulin companies through 2034. Growing incidence of obesity and expanding geriatric population in South Asia & Oceania are also predicted to uplift shipments of inulin over the next ten years.
- Worldwide revenue from the use of inulin fat replacers is projected to reach US$ 27.6 million in 2024.
| Report Attributes | Details |
|---|---|
| Inulin Sales in South Asia & Oceania (2024E) | US$ 138.7 Million |
| Projected Sales (2034F) | US$ 347 Million |
| Demand Growth (2024 to 2034) | 9.6% CAGR |
| Sales in Indonesia (2024E) | US$ 11 Million |
| Demand Growth in Rest of South Asia & Oceania (2024 to 2034) | 5.4% CAGR |
| Conventional Inulin Sales (2024E) | US$ 95.6 Million |
| Jerusalem Artichoke Inulin Demand Growth (2024 to 2034) | 9.2% CAGR |
| Sales in Thailand (2024E) | US$ 21.2 Million |
| Key Companies Profiled |
|
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What’s Catapulting Inulin Sales in South Asia & Oceania?
“Rapidly Growing Demand for Clean Label and Natural Ingredients”
People in South Asia & Oceania are becoming more aware of what they consume as the prevalence of chronic disorders increases in this region. This changing consumer behavior has given rise to the demand for products made with clean label and natural ingredients. Hence, manufacturers from different industry verticals are opting for various plant-based ingredients such as inulin in South Asia & Oceania.
Growing popularity of prebiotics and the rising use of organic ingredients are also estimated to uplift the consumption of inulin in this region across the study period.
- Around 5.3 kilotons of inulin is projected to be used in functional food applications in 2024.
- Sales of organic inulin are forecasted to rise at a stellar 11% CAGR over the next ten years.
Find more details of growth-augmenting factors such as local supply, pricing trends, product standards, safety regulations, and new developments in this research study for inulin by skilled analysts at Fact.MR, a market research and competitive intelligence provider.
Country-wise Insights
India, Australia, and New Zealand are projected to emerge as highly bankable spaces for inulin distributors in South Asia & Oceania going forward.
Why is India a Country of Interest for Inulin Suppliers?
“Presence of High Diabetic Population in the Country”
| Attribute | India |
|---|---|
| Market Value (2024E) | US$ 52.5 Million |
| Growth Rate (2024 to 2034) | 11.6% CAGR |
| Projected Value (2034F) | US$ 157.5 Million |
Poor nutrition and lack of awareness regarding the ill effects of high sugar consumption have led to an increased prevalence of diabetes in India. This diabetic population is projected to drive demand for sugar alternatives such as inulin and stevia in the long run. Rising focus on health and fitness is also projected to boost the consumption of inulin in the Indian population as people become aware of its fat-replacing and fiber-enhancing characteristics.
Will Australia and New Zealand Be Profitable Markets for Inulin Companies?
“Growing Adoption of Plant-based and Vegan Lifestyles”
| Attribute | Australia & New Zealand |
|---|---|
| Market Value (2024E) | US$ 32.3 Million |
| Growth Rate (2024 to 2034) | 10% CAGR |
| Projected Value (2034F) | US$ 84.1 Million |
The number of people opting for plant-based food products in Australia and New Zealand is increasing rapidly, which is projected to primarily augment inulin sales in these countries. The high availability of multiple vegan food alternatives in these countries is also pushing people towards veganism thereby creating lucrative opportunities for inulin suppliers as well.
High awareness regarding ethical and environmental concerns associated with the consumption of animal-based products is also estimated to benefit inulin shipments in Australia through 2034. The Gen Z population of these countries will play a crucial role in governing inulin consumption in the future.
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Category-wise Insights
Inulin manufacturers in South Asia & Oceania are focusing on extracting inulin from chicory for utilization in the food & beverages industry to satisfy the surging demand for plant-based food products in this region.
Where Does Bulk of Inulin Come From?
“Majority of Inulin Extracted from Chicory Root”
| Attribute | Chicory |
|---|---|
| Segment Value (2024E) | US$ 57.6 Million |
| Growth Rate (2024 to 2034) | 10.3% CAGR |
| Projected Value (2034F) | US$ 154 Million |
High availability of chicory root in powdered as well as liquid form allows manufacturers to extract inulin from it. Growing demand for chicory inulin in South Asia & Oceania is also forecasted to favor the growth of this segment over the next ten years and beyond. The increasing availability of different resources and low labor costs in this region are projected to attract chicory inulin processing companies in the future.
Which Application is Spearheading Inulin Sales in SAO?
“Most Inulin Being Used in Food & Beverages”
| Attribute | Food & Beverages |
|---|---|
| Segment Value (2024E) | US$ 72.7 Million |
| Growth Rate (2024 to 2034) | 10.4% CAGR |
| Projected Value (2034F) | US$ 196 Million |
Rising popularity of the veganism trend in South Asia & Oceania is forecasted to augment demand for fat replacers, fiber enhancers, and sugar alternatives in this region thereby favoring inulin demand in food & beverage applications going forward. High use of inulin sweeteners and inulin fat replacers in the formulation of different plant-based foods and beverages is also predicted to favor growth in this segment over the coming years.
Analysts’ Opinion
Inulin manufacturers can set up their manufacturing and processing facilities in this region to benefit from supportive government initiatives and low costs of labor that could allow them to improve their profits. Inulin companies can also focus on developing inulin products that cater to specific tastes and needs of the people in South Asia & Oceania region going forward.
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Segmentation of Inulin Study in South Asia & Oceania
-
By Form :
- Powder
- Liquid
-
By Source :
- Agave
- Chicory
- Jerusalem Artichoke
- Wheat
- Others
-
By Nature :
- Organic
- Conventional
-
By Function :
- Bifidus Promoting Agents
- Fat Alternatives/Replacers
- Fiber Enhancers
- Sugar Alternatives
-
By Application :
- Food & Beverages
- Beverages
- Breakfast Cereals & Cereal Bars
- Dairy Products
- Functional Foods
- Meat Products
- Others
- Nutrition
- Infant Formula
- Clinical Nutrition
- Dietary Supplements & Nutraceuticals
- Pharmaceuticals
- Animal Feed
- Food & Beverages
-
By Sales Channel :
- Direct Sales
- Indirect Sales
- Franchise Outlets
- Modern Trade Channels
- Online Retailers
- Specialty Stores
- Others
-
By Country :
- India
- Thailand
- Indonesia
- Malaysia
- Australia & New Zealand
- Rest of South Asia & Oceania
- FAQs -
How much is inulin sales revenue in South Asia & Oceania?
Inulin demand in South Asia & Oceania is projected to reach a revenue of US$ 138.7 million in 2024.
What is the predicted valuation for inulin sales for 2034?
Sales of inulin in SAO are set to reach US$ 347 million by 2034.
At what pace will the market expand in this region?
The market in South Asia & Oceania is predicted to rise at 9.6% CAGR from 2024 to 2034.
In which South Asian country is inulin demand high?
Inulin sales in India are forecasted to rise at 11.6% CAGR over the next ten years.
Where will most of the inulin come from?
Most inulin will be extracted from chicory in South Asia & Oceania.
Which are the top inulin brands in SAO?
BENEO-Orafti SA, Glanbia, PMV Nutrient Products Pvt. Ltd., and FrieslandCampina Ingredients are leading inulin manufacturers.
Inulin Industry Analysis in South Asia & Oceania