"Insights covered in the wide ranging Chicory Root Market report enable the buyer of the report to achieve a telescopic view of the competitive landscape and plan the business strategies accordingly to thrive in the market. An expert team, in coordination with project managers, presents the clients on every strategic aspect including product development, key areas of development, application modelling, use of technologies, the acquisition strategies, exploring niche growth opportunities and new markets. What is more, an all-inclusive Chicory Root Market report underlines various strategies that are used by top market players in the Chicory Root Market industry. Market research reports are very influential in many ways to grow business.
Besides, Chicory Root Marketing research report assists in planning by providing accurate and state-of-the-art information about the consumer’s demands, their buying preferences, attitudes and their changing tastes about the specific product. The report deals with several markets internationally including Asia, North America, South America, and Africa in accord with the client’s needs. To acquire knowledge about the current and future market status, global, local and regional level is considered in this report which offers business insights at the extensive marketplace. The winning Chicory Root Market report also illustrates the CAGR values for the historic year 2020, the base year 2021, and the forecast for the year 2023-2030.
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Chicory Root Market Analysis and Size
The food and beverage industry is expected to play an important role in the growth of the chicory root market in the coming decade, as manufacturers focus on producing low-calorie sweeteners with the help of chicory root, while ensuring the final products' taste, texture, and shelf-life stability.
Data Bridge Market Research analyses that the chicory root market which was valued at USD 193.56 million in 2021 is expected to reach the value of USD 308.51 million by 2029, at a CAGR of 6.00% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Chicory Root Market Scope and Segmentation
REPORT METRIC | DETAILS |
Forecast Period | 2022 to 2029 |
Base Year | 2021 |
Historic Years | 2020 (Customizable to 2014 - 2019) |
Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
Segments Covered | Product Type (Chicory Root Root Inulin, Chicory Root Root Powder), Distribution Channel (B2B, B2C), End-Use Industry (Food and Beverages, Pharmaceutical Industry, Nutraceuticals), |
Countries Covered | U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA). |
Market Players Covered | COSUCRA. (Belgium), Delecto Foods Pvt Ltd (India), BENEO (Germany), Cargill, Incorporated (U.S.), Reily Foods Company (U.S.), Pioneer Chicory Root (India), PMV Nutrient Products Pvt Ltd. (India), Farmvilla Food Industries Pvt Ltd (India), Murlikrishna Foods Pvt Ltd (India), Starwest Botanicals. (U.S.), STOKROS Company Ltd (Russia), Natures Gold (Netherlands), Organic Herb Trading (U.K.), Shaanxi Sciphar Natural Product Co Ltd. (China), Jamnagar Chicory Root Industries (India), Herbs & Crops Overseas (India). |
Opportunities |
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Market Definition
Chicory Root, also known as Cichorium intybus, is a dandelion-like woody herbaceous plant grown primarily for its leaves and roots. Chicory was first discovered in Europe and Asia. It was grown as a medicine by the Egyptians thousands of years ago. Since ancient times, the dried roots of the chicory plants have been used as a medicine, and the dried and roasted root is used as a substitute for coffee because it contains no caffeine. Chicory root is high in inulin, a type of prebiotic fibre linked to weight loss and improved gut health. Chicory root is a safe alternative to a number of ingredients in a variety of applications, including food and beverages, dietary supplements, feed and pet food, and cosmetics.
Global Chicory Root Market Dynamics
Drivers:
- Chicory root as a healthy substitute
Sugar reduction is one of the most recent innovations in the food and beverage industry. Chicory root fibre has been shown to help reduce sugar intake by improving taste and texture, leading to its increased use in the food and beverage industry. While chicory root leaves and roots have been used in salads and a variety of inventive and delicious recipes for many years. Chicory root is used to treat a variety of health problems, including liver and gallbladder disorders, cancer, and other acute gastrointestinal issues. Aside from these health benefits, it is also thought to be a tonic for increasing urine production, protecting the liver, and counteracting the stimulant effect of coffee.
- Technological advancements and developments of improved systems
Soft drinks, frozen desserts, confectioneries, infant formula, yoghurts, chewing gums, and other applications for chicory root are likely to create significant opportunities for chicory root manufacturers. Manufacturing technology advancements, the introduction of efficient purification systems, new substrates and enzymes, and the development of recombinant enzymes have all resulted in lower chicory root manufacturing costs.
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The chicory root market is segmented on the basis of product type, distribution channel and end-use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Chicory Root Inulin
- Chicory Root Powder
Distribution channel
- B2B
- B2C
- Retailers
- Supermarket
- Hypermarket
- E-commerce
End use industry
- Food and Beverages
- Bakery and confectionary
- Breakfast cereals
- Dairy
- Frozen products
- Others
- Pharmaceutical Industry
- Nutraceuticals
Table of Contents for a Chicory Root Market Research Article:
- Introduction
- Background and Overview
- Objective of the Study
- Scope of the Chicory Root Market Research
- Methodology
- Data Collection
- Data Analysis
- Research Approach
- Sampling Techniques
- Research Instruments
- Executive Summary
- Key Findings
- Chicory Root Market Overview
- Chicory Root Market Trends and Insights
- Chicory Root Market Overview
- Chicory Root Market Definition
- Chicory Root Market Segmentation
- Chicory Root Market Size and Growth Rate
- Chicory Root Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porter's Five Forces Analysis
- Chicory Root Market Trends and Insights
- Emerging Technologies
- Consumer Behavior and Preferences
- Regulatory Landscape
- Competitive Analysis
- Chicory Root Market Segmentation
- Product Type
- Application
- Region
- End-User
- Other Relevant Segments
- Regional Analysis
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Competitive Landscape
- Chicory Root Market Share Analysis
- Key Players Profiles
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments
Download the Complete Table of Contents @ https://www.databridgemarketresearch.com/toc/?dbmr=global-chicory-root-market
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