The Chicory Market business report includes a microscopic perspective on extreme business competition. Significant aspects such as sales, income, benefits, creation, costs, import, send out, supply, request, and so forth identified with these market bodies are focused internally and externally in the investigation report dependent upon the Chicory industry.  It also highlights the market value, growth rate, and key players operating the Chicory Market. The examination includes profundity information on all the leading market substances. Key market operators have been financing extensively in R&D to enhance production to provide to the customers changing inclinations. An examination of the current market strategies and other key elements is provided in the Chicory Market report. Market dynamics like drivers and restraints are explained in the most elaborate and best manner with the utilization of tables and graphs.

Chicory Market by Product Type (Extracts, Roasted, Instant Powder, Flour), Form (Powder, Cubes, Liquid), Plant Part, Application (Food & Beverage, Dietary Supplement, Feed & Pet food, Cosmetics & Personal Care) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America) (Insights are provided for each region and countries within the region)

Market Overview

Global Chicory market is anticipated to reach USD 908 million by 2021 and growing at a CAGR of 5.9% during the forecasting period, 2021-2028.

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Chicory, or Cichorium intybus, is a woody, herbaceous plant in the dandelion family. It usually has bright blue flowers, though they can sometimes be white or pink. Chicory is cultivated for its leaves and its roots. Chicory root is also a good source of inulin, a type of prebiotic fiber that has been linked to support weight loss and improved gut health.

Rising prices of coffee beans along with increasing consumption of coffee is navigating the coffee and other food & beverage manufacturers to adopt chicory ingredients, as a cheaper substitute to coffee. Also, high medicinal values and health benefits associated with the consumption of chicory are expected to further propel the market. Furthermore, the easy cultivation process of the crop and the rising number of new entrants in the market is substantially snowballing the growth prospects.

Key Findings

·         Global Chicory market is segmented into Type, form, plant-part, application, and geography.

·         Type segment is segmented into Extracts, Roasted, Instant Powder, and Flour.

·         Form segment is segmented into Powder, Cubes, and Liquid.

·         Application segment is segmented Food & Beverage, Dietary Supplement, Feed & Pet food, Cosmetics & Personal Care.

·         Geographically, the global Chicory market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

Regional Analysis

Europe region has come up as the prominent region for the leading share in the overall global market during the forecast period 2021-2028.

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Competitive Landscape

Key players in the global Chicory market are

·         Cargill Incorporated

·         Reily Foods Company

·         Pioneer Chicory

·         PMV Nutrient Products Pvt Ltd

·         Farmvilla Food Industries Pvt Ltd

·         Murlikrishna Foods Pvt Ltd

·         Starwest Botanicals

·         STOKROS Company Ltd

·         Nature’s Gold Production

·         Organic Herb Trading Co

·         Narasu’s Coffee Company

·         NP Nutra

·         Shaanxi Sciphar Natural Product Co Ltd.

·         Jamnagar Chicory Industries

·         Herbs & Crops Overseas.

Recent Developments

The companies have come up with various promotional activities in form of launches, investment, acquisitions, and others, for instance:

In July 2020, Approval was granted exclusively to Sensus’ Frutafit inulin and Frutalose fructooligosaccharides made from chicory roots by the Thailand FDA. This development would allow the company to penetrate the Thailand local market and thereby expand the consumer base in the digestive health market.

Reasons to Acquire

·         Increase your understanding of the market for identifying the best and most suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors

·         Gain authentic and granular data access for the Chicory market so as to understand the trends and the factors involved in changing market situations

·         Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future

·         In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

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