![Why Inulin and Inositol are the hottest additives right now? [54th Edition Foodcom ADDITIVES Newsletter]](https://foodcom.pl/wp-content/uploads/2024/06/Foodcom_SA_Additives_Newsletter_Amino_Acids-1520x760.jpg "Why Inulin and Inositol are the hottest additives right now? [54th Edition Foodcom ADDITIVES Newsletter]")
- The global market for Inulin is growing, driven by demand for healthy prebiotic ingredients.
- Inositol is gaining prominence in dietary supplements to help manage PCOS and balance hormones.
- Variable prices for Vitamin B5 in different regions of the world reflect local supply disruptions and economic changes.
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Welcome back to our Newsletter!
The global markets for additives such as Inulin, Inositol and Gelatine are undergoing major changes. Growth in the inulin and inositol markets is driven by health trends and technological advances, while gelatin prices vary from region to region due to logistical challenges. Meanwhile, the Vitamin B5 and Potassium Benzoate markets are facing mixed trends and volatility due to supply disruptions and economic factors. Industry players are closely monitoring these developments to adjust their strategies accordingly.
Let’s take a look at what else is happening on the market!
Products of the Week!
Inulin
The global Inulin market is expected to grow from USD 1.86 billion in 2024 to USD 2.56 billion by 2029, at a CAGR of 6.55%. Key growth drivers include increasing demand for prebiotic ingredients, especially in the dairy industry, and the health benefits of inulin like weight management and digestive health. Additionally, the market is expanding into plant-based foods and health supplements due to shifting consumer preferences towards healthier, sustainable lifestyles. These trends present valuable opportunities for stakeholders in the food and feed additives industry.
Inositol
The Inositol market, a key ingredient in the dietary supplement industry, is showing promising growth, projected at a 6.6% CAGR, to reach $257.5 million by 2033. Its use in dietary supplements is being driven by growing health awareness and innovations in biotechnology. In particular, myo-inositol is increasingly being used in products that support hormone balance, with applications in treating polycystic ovary syndrome (PCOS), regulating insulin levels and improving fertility. Asia-Pacific, along with North America and Europe, are key regions for this market, driven by the booming nutraceutical and pharmaceutical sectors.
Gelatin
Recently the global Gelatin market experienced varied price trends due to distinct regional dynamics. In the US and Asia, gelatin prices declined as a result of ample inventory levels, leading to reduced purchasing activity. However, in Europe, prices surged due to ongoing supply chain disruptions and logistical challenges such as port congestion and longer shipping routes, exacerbated by adverse weather and increased security issues in the Red Sea. These factors not only delayed deliveries but also increased shipping costs, contributing to higher gelatin prices amidst strong market demand in the eurozone.
NEWS
Global Vitamin B5 market sees mixed trends as Q2 closes
The global Vitamin B5 market is experiencing diverse trends as Q2 draws to a close. In Asia, prices continue to decline due to erratic demand and an oversupply, pressuring local manufacturers. Conversely, in the US and Europe, prices are stable or slightly rising due to shipment delays from China and tight local supplies. Factors such as the European Central Bank’s recent rate cut and supply chain disruptions in the US due to geopolitical tensions in the Red Sea region are influencing market dynamics. Despite these regional variations, the global market is expected to remain stable with suppliers managing stock levels effectively and adopting a cautious approach.
Global Potassium Benzoate market faces price volatility in june 2024
In June 2024, the global market for potassium benzoate experienced significant price shifts. In China, a leading exporter, prices fell due to an oversupply and impending plant shutdowns, leading traders to reduce their stocks. Conversely, in importing regions such as the USA and Europe, prices are poised to rise. This potential increase is driven by severe congestion at Chinese ports and escalating transportation costs, further intensified by a general rate increase and logistical challenges, including the drought in the Panama Canal. These factors are compelling US importers to explore alternative supply sources and consider passing the increased costs onto consumers. Market participants are vigilantly monitoring these developments to adjust their strategies to the changing market conditions.
