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Inulin Market Share

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

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Inulin Market Share

Some of the major companies operating in the inulin industry are Cargill, Beneo, The Green Labs LLC, Jarrow Formulas, NOW Foods, Cosucra Groupe Warcoing SA, Sensus B.V., The Tierra Group. accounting over 25% market share in the year 2023 These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Government support to boost the adoption of low GWP refrigerant and the geographical expansion of key players are anticipated to intensify the market competition over the forecast timeframe. An acquisition strategy enables a company to enter new markets and product lines instantaneously with a recognized brand having a good reputation and an existing client base. An acquisition can overcome market entry barriers that were previously challenging.

Inulin Market Companies

Major companies operating in the inulin industry include:

Cargill
Beneo
The Green Labs LLC
Jarrow Formulas
NOW Foods
Cosucra Groupe Warcoing SA
Sensus B.V.
The Tierra Group
Ingredion Incorporated
Novagreen Inc.
Groupe Sicad
Cosun Biobased Products
Cosun Beet Company
Qinghai Weide Biotechnology Co., Ltd.

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.