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Global Chicory Products Market Analysis 2019 by Technological Progress, Regional Outlook And Forecast to 2025
Global Chicory Products Market 2019, Global Chicory Products Market Growth, Global Chicory Products Market Trends and Analysis,
Chicory Products Market by Product Type (Chicory Flour, Roasted Chicory,Instant Powder, Chicory Extract), Application (Food & Beverages, Pharmaceuticals, Dietary Supplements), Region and Global Forecast 2018-2025.
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Prominent companies in the industry include BENEO-Palatinit GmbH, Qinghai Weide Biotechnology Co., Ltd, Fuji Nihon Seito Corporation, Coöperatie Koninklijke Cosun U.A., Cosucra Groupe Warcoing SA, Sensus, LLC, PMV Nutrient Product Pvt. Ltd., Tierra Group, LLC, Gansu Likang Nutritional Foods Co. Ltd, Baiyin XIRUI Bioengneering Company, Narasus Coffee Company, Starwest Botanicals Inc, Chicobel Pvt Ltd, Leroux, Pioneer Chicory, Prewett's Health Foods, and among othersare offering greater opportunities and major players are continuously focused on new product developments and venture capital investments to obtain market share.For instance, in 2019, KeyGene partnered with EU financed CHIC-research consortium on chicory research. The research aimed for establishment of a responsible innovation for the development and application of New Plant Breeding Techniques (NPBTs) for chicory as a multipurpose crop
Product type segment includes chicory flour, roasted chicory, instant powder, and chicory extract. The chicory flour is wide used in various fields of food and beverage, dietary supplements, pharmaceutical and others. It contributes in improving the richness, texture, conservation, and the freezing resistance of all bread products. It has advantages such as stimulation of insulin secretion and prevention of liver damage.Application segment covers food & beverages, pharmaceuticals, and dietary supplements. In the food and beverage industry, Chicory Products is majorly used to add fiber and texture in yogurt, ice cream, chocolate bar, breakfast bar, salad dressing, and margarine applications. The chicory root is commonly processed for food & beverage industry.
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Emergence of modern retail, rising demand for chicory ingredients for healthy beverages, and increasing adoption of chicory for medicinal purposes are the key driving factors for the chicory products market. The consumption of chicory coffee by pregnant women can lead to miscarriage and chicory products can cause skin rashes or other allergies may limit the growth of market. However, increasing preference of consumers towards healthy beverage, development of novel chicory products, and increased adoption of chicory in naturotherapy is expected to boost the chicory products market over the forecast period.
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