Press release
Chicory Products Market | Narasus Coffee Company, Cargill Inc, Starwest Botanicals Inc, Chicobel Pvt Ltd, Jarrow Formulas
Chicory Products Market
Multiple medicinal usage of chicory plant is fueling growth of the global chicory products market. Chicory plant has various medical benefits such as antimicrobial, anthelmintic, antimalarial, anti-diabetic, gastro protective, anti-inflammatory, antioxidant, and anti-allergic. Other health benefit include helps to cut down caffeine content, lowering sugar level, and improves metabolism. Chicory powder is widely used as a substitute for coffee as it does not have caffeine and has similar taste as coffee. Chicory products are vastly used in food & beverages industry due to high presence of probiotics and fiber content in it.
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Chicory Products Market Taxonomy
On the basis of form type, the global Chicory Products market is segmented into:
Chicory Flour
Instant Powder
Chicory Extract
Roasted Chicory
On the basis of application, the global Chicory Products market is segmented into:
Food and Beverages
Pharmaceuticals
Dietary Supplements
On the basis of Distribution Channel type, the global Chicory Products market is segmented into:
Hypermarket
Supermarket
Convenience Stores
Specialty Stores
Online Stores
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Among product type, chicory flour segment accounted for the highest market share in the chicory products market in 2017. This is due to its application to add fiber and texture in products such as yoghurt, ice-cream, protein bar, chocolate bar, margarine applications and for seasoning and dressing. Consumers prefer chicory-based products due to its advantages such as stimulation of insulin secretion and prevention of liver damage.
Europe held the highest market share in the global chicory products market in 2017. The region is projected to remain dominant over the forecast period, owing to high presence of chicory root manufacturers in the region. For instance, according Food and Agriculture Organization, Europe produced 95.9% of global production of chicory roots in 2015.
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