HS Code:
Inulin (HS Code: 110820) is a type of dietary fiber and prebiotic derived primarily from chicory roots, though it can also be extracted from other plants such as Jerusalem artichoke, asparagus, and bananas. It is widely used in the food and beverage industry as a fat replacer, sugar substitute, and texture enhancer, as well as in dietary supplements and pharmaceuticals for its health benefits, including improved gut health and blood sugar regulation. The global trade of inulin is driven by increasing consumer demand for functional foods and natural ingredients, particularly in developed markets.
Total Trade Volume
Approximately $500 million USD
Data from 2022
Source
United Nations Comtrade Database and industry reports
$150 million USD
30% of total trade of total trade
Increasing
$120 million USD
24% of total trade of total trade
Increasing
$80 million USD
16% of total trade of total trade
Stable
$50 million USD
10% of total trade of total trade
Increasing
$30 million USD
6% of total trade of total trade
Increasing
Average Rate
5.2% ad valorem
Highest Rate
15% (applied by certain developing countries to protect local industries)
Lowest Rate
0% (under free trade agreements like EU internal trade or USMCA)
Rising demand for natural and functional ingredients
Increased imports of inulin in North America and Europe as food manufacturers reformulate products to meet consumer preferences for healthier options
2021-2023
Growth in plant-based and vegan food sectors
Boosted inulin usage as a texturizer and fiber additive in dairy alternatives, driving trade volumes in key exporting countries
2020-2022
Expansion of production capacity in Asia
Emerging exporters like China are increasing market share, creating competitive pressure on traditional European exporters
2022-2023
The European Union reduced tariffs on inulin imports from select trading partners under updated trade agreements, aiming to meet growing demand for functional food ingredients.
January 2023
Expected to increase trade volumes from non-EU suppliers, particularly in North America and Asia, while benefiting EU food manufacturers with lower input costs
The US Food and Drug Administration approved additional health claims for inulin as a dietary fiber, boosting its marketability in functional foods and supplements.
March 2022
Increased demand in the US market, driving imports from major producers like Belgium and the Netherlands
Adverse weather conditions in key chicory-growing regions of Europe led to supply shortages, impacting inulin production and export volumes.
July 2022
Temporary price spikes and trade shifts toward alternative suppliers in Asia and North America