According to Future Market Insights research, during the projected forecast period, the Agave Inulin market is expected to grow at a CAGR of 4.6%. The market value projected to increase is from USD 2,225.4 Million in 2022 to USD 3,489.2 Million by 2032. The Agave Inulin market was valued at USD 2,123.5 Million at the end of 2021 and is anticipated to demonstrate Y-o-Y growth of 4.8% in 2022.
Attributes
Details
Market Size Value in 2022
USD 2,225.4 Million
Market Forecast Value in 2032
USD 3,489.2 Million
Global Growth Rate (2022 to 2032)
4.6% CAGR
Forecast Period
2022 to 2032
USA market share of Agave Inulin
30.2%
Plants including agave, chicory, Jerusalem artichoke, and many more contain inulin. Due to its favorable effects on health, inulin is primarily used in processed foods. A white powder with a sweetness of between 10% and 20% is inulin. Although inulin is available in liquid form, it must be refrigerated because its shelf life is much shorter than that of powder.
Agave Due to its many health advantages, inulin is used as a natural sweetener and carbohydrate. Applications for inulin include dietary supplements and prebiotics. A fantastic choice for both food and drink, agave inulin is highly soluble in cold water and has a pleasant flavor.
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Historical Outlook vs. Future Projections of Agave Inulin Market
In the Historical outlook of the Agave Inulin market, the value increased from USD 1,760.3 Million in 2017 to USD 2,123.5 Million in 2021. The CAGR (2017 to 2021) is observed to be 4.8%.
Tea, coffee, and other beverages can all be sweetened with agave inulin on a daily basis. Since it helps to keep the food fresh, it is primarily utilized in pubs, restaurants, and bakeries. As it totally dissolves in them, agave inulin also provides dietary and nutritional benefits that make them thicker and tastier. Low-glycemic index, Keto, and paleo-friendly agave inulin are also available.
Agave inulin is a healthy substitute for sugar and honey and because more people are becoming health-conscious, demand for it is rising. Due to these considerations, agave inulin is anticipated to increase significantly over the forecast period.
For the Future projection of the Agave Inulin market, the value increased from USD 2,225.4 Million in 2022 to USD 3,489.2 Million in 2032. The CAGR (2022 to 2032) is estimated to be 4.6%.
Country-wise Insights
How North America Agave Inulin market is shaping?
The USA and Mexico are the major countries contributing to the growth of the agave inulin market in North America. The growing demands for low-calorie and sugar-free food & beverage products are fueling the growth of the agave inulin market in this region.
It is projected that the agave inulin market will be significantly impacted by growth in the pharmaceutical industry in emerging markets like Mexico.
The USA contributes 30.2% of the total revenue for the Agave Inulin Market.
How Europe Agave Inulin market is shaping?
The rising health consciousness among consumers is one of the key factors driving the growth of the agave inulin market in Europe. In addition, the growing demand for functional foods and beverages is another major factor fuelling market growth. However, the high cost of agave inulin is restraining market growth to some extent.
Germany contributes 29.8% to the Agave Inulin market and UK CAGR for the forecast period is 5.1%.
How Asia Pacific is growing in Agave Inulin market?
The food and beverage business, particularly in the bread and confectionery sector, has a significant demand for agave inulin due to its advantages of better digestion qualities. The end-user industries like food and beverage, pharmaceuticals, and dietary supplements have increased demand, making India and China the two regions with the fastest-growing economies.
Due to FDI rules that are favorable to products, the demand for agave inulin in China and India will skyrocket. Dairy goods including milk, cheese, and ice cream are frequently made with agave inulin. Agave inulin market expansion is anticipated to be significantly influenced by increased awareness of low-calorie and sugar reduction as a result of rising diabetes prevalence.
Japan's contribution to the Agave Inulin market is 12.1% of the total market share, India and China are market drivers in the Asia Pacific and their latest CAGR in the Agave Inulin market are 4.9% and 5.4% respectively.
What is the Agave Inulin market situation in the Latin America region?
There are a number of factors that have contributed to the growth of the agave inulin market in Latin America. One of the most important is the increasing awareness of the health benefits of this natural sweetener. Agave inulin is a great alternative to sugar for people who are looking to lose weight or manage their blood sugar levels.
Another factor that has driven the growth of the agave inulin market is the increasing availability of this product. In recent years, more and more companies have begun to produce and sell agave inulin products. This has made it easier for consumers to find these products at a reasonable price.
How the RoW is responding to Agave Inulin market?
From the Oceania region, Australia is contributing 2.4% of the total revenue of the Agave Inulin market.
Inulin is a type of dietary fiber that is extracted from the agave plant. It is a popular choice for those looking for a healthy alternative to sugar. Australia produces around 80% of the world’s agave inulin, with most of it being exported to China, Japan, and the USA.
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Category Wise Insights
What is Agave Inulin?
Agave inulin is a type of dietary fiber that is extracted from the agave plant. It is a soluble fiber, meaning it dissolves in water and can be fermented by gut bacteria. Agave inulin has a variety of health benefits, including promoting digestive health, improving blood sugar control, and reducing cholesterol levels.
What are the uses of Agave Inulin?
There are a few different ways that agave inulin can be used. First, it can be used as a prebiotic, which means that it helps to promote the growth of healthy gut bacteria. Second, it can be used as a thickener or emulsifier in food products. And third, it can be used as a sugar substitute because it has a low glycemic index and does not cause spikes in blood sugar levels.
What are the benefits of using Agave Inulin?
Agave inulin is a type of dietary fiber that has a variety of health benefits. It can help improve digestion, regulate blood sugar levels, and promote weight loss. Additionally, agave inulin is a good source of prebiotics, which are beneficial for gut health.
Industrial Distributers Are Propelling the Growth in Agave Inulin Market
Demand for items like natural sweeteners, especially agave inulin, is increasing at a faster rate as a result of a shift in customer demand for safer and natural products.
Products that are natural and organic are in high demand. The food and beverage industry is starting to adopt this approach. This development in the worldwide agave inulin market is being driven by an increase in the usage of social media to acquire readily available information on various chemicals and components.
Consumers, especially those in developing nations, are increasingly aware of what they eat on a daily basis and favor organic foods. This is anticipated to accelerate the expansion of the agave inulin market.
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Competitive Landscape
In order to improve the quality of inulin and make the necessary modifications, manufacturers in the market for inulin invest in Research and Development. Manufacturers are also putting a lot of effort into product development to make sure that their line of goods remains innovative in light of current consumer preferences and market trends.
Organic inulin that is derived from agave is available from Sensus. Without changing the taste or texture, it aims to give consumers a taste of organic agave inulin.
Agave Inulin Market Report Scope
Attribute
Details
Forecast Period
2022 to 2032
Historical Data Available for
2017 to 2022
Market Analysis
USD Million for Value and Units for Volume
Key Regions Covered
North America
Latin America
Europe
Asia Pacific
Middle East and Africa (MEA)
RoW
Key Countries Covered
USA
Canada
Mexico
Germany
UK
France
Russia
Brazil
Argentina
Japan
Australia
China
India
Key Segments Covered
Form
Nature
Application
Sales Channel
Region
Key Companies Profiled
Naturel West Corp
Sensus
The Tierra Group
AGAVE CANADA
Nutra Food Ingredients
LOC Industries
Beneo
Pyure Brands
Maretai Organics
21 missions’ organics
EDULAG
Ciranda
Report Coverage
Drivers, Restraints, Opportunities and Threats Analysis, Market Forecast, Company Share Analysis, Market Dynamics and Challenges, Competitive Landscape, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
Segmentation of Agave Inulin market
Segmentation by Form:
Liquid
Dry
Segmentation by Nature:
Organic
Conventional
Segmentation by Application:
Pharmaceuticals
Dietary Supplements
Food & Beverages
Industrial
Segmentation by Sales Channel:
Online
Offline
Segmentation by Region:
North America
Latin America
Europe
Asia Pacific
Middle East and Africa (MEA)
RoW
Frequently Asked Questions
What is the market size of Agave Inulin?
The global Agave Inulin market will reach a valuation of USD 2,225.4 Million by the end of 2022.
What is the USA, Agave Inulin Market Outlook?
The USA Agave Inulin Market is contributing 30.2% of total market share which values around USD 672.1 Million.
Which are the major countries driving demand for Agave Inulin Market?
USA, Canada, Mexico, Germany, UK, France, China, Japan, India, Australia are the major countries driving demand for Agave Inulin Market.
What is the Germany, Agave Inulin Market Outlook?
The Germany Agave Inulin Market is contributing 29.8% of total market share which values at USD 663.1 Million.
Who are the top 5 players operating in the market?
• Naturel West Corp
• Sensus
• The Tierra Group
• AGAVE CANADA
• Nutra Food Ingredients
Above are the top 5 market players in Agave Inulin industry.
What is the contribution of Japan in Agave Inulin market?
The Japan Agave Inulin market contribution is 12.1% of total market share.
At What Rate Will Agave Inulin market grow in India?
The India Agave Inulin market will grow at 4.9% CAGR between 2022 and 2032.
What is the demand outlook forecast for the Agave Inulin market?
The global Agave Inulin market is forecasted to surpass USD 3,489.2 Million by the end of 2032.
