Fior Markets launched a study titled “Inulin and Fructooligosaccharide Market by Type (Fructooligosaccharide, Inulin), Nature (Organic, Conventional), Source, Form, End Use, Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.
The global inulin and fructooligosaccharide market is expected to grow from USD XX Million in 2017 to USD XX Million by 2025 at a CAGR of XX % during the forecast period from 2018-2025. Growing demand of inulin and fructooligosaccharide in food & beverages, dietary supplements, animal feed, and pharmaceuticals and increasing consumer preference to opt sugar, fat and calorie reduction trend are two major driving forces of the market.
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The type segment is classified into fructooligosaccharide and inulin. The fructooligosaccharide segment is dominating the market in 2017. Fructooligosaccharides are used in various applications on account of easy availability of raw materials. Easy obtainability of the raw material causes low manufacturing cost, thereby, increasing production of fructooligosaccharides.
Nature segment includes organic and conventional. Organic segment is dominating the market with the highest share in 2017. The fructooligosaccharide and inulin are organic sweeteners and acts as the best sugar substitutes. They are mainly mixed with other sweeteners to reduce the calories present in sweeteners.
Source segment is divided into segments such as agave, chicory, jerusalem artichoke and others.Agave segment is dominating the market in 2017. FOS is mainly extracted from the blue agave plant as well as fruits and vegetables such as bananas, onions, chicory root, garlic, asparagus, jícama, and leeks.
The form segment includes powder and liquid. The powder segment held market share in 2017. FOS is mainly available in powder form due to its efficient product formulation and shelf life.
The end use segment includes clinical nutrition, dietary supplements, functional food & beverages, dairy products, infant formula, breakfast cereals & cereal bars, meat products, animal nutrition and pet food. The infant formula segment is dominating the market and valued around in 2017. Growing product demand for infant formulas is due to properties including infection prevention, memory enhancement, brain development, prebiotic effects, and improvement of gut health.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa.Europe is dominating the market because of increasing demand for baby food along with the presence of numerous infant formula manufacturers in the region which are expected to augment industry growth.
The major players of market include Sensus, Nutriagaves de Mexico S.A de C.V., GTC Nutrition., Baolingbao Biology, Co. Ltd., Cheil Foods & Chemicals Inc.,Meiji Holdings Co., Ltd, Roquette Frères, Jarrow Formulas, Inc, FrieslandCampina Domo, CosucraGroupeWarcoing SA, Ingredion Incorporated, Cosucra-GroupeWarcoing SA, Beghin Meiji, Cargill, Incorporated BENEO-Orafti SA
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