Chicory Powder Market Latest Trends and Analysis, Future Growth Study by 2032

Chicory Powder market is expected to grow at a CAGR of 4.4%, market value projected to increase is from USD 711.0 Mn in 2022 to USD 1093.6 Mn by 2032.

Analytics Market Research has added a new key research reports covering Chicory Powder market. The study aims to provide global investors with a game-changing decision making tool covering key fundamentals of the Chicory Powder market. The research report will include total global revenues in the market with historical analysis, key figures including total revenues, total sales, key products, instrumental drivers, and challenges. The report data is derived from extensive primary and secondary information sources with a reliable in-depth overview of the Chicory Powder market. The research report relies on global governing bodies as primary sources of data, with independent analysis of the forecast, and objective estimations of the growth.

The Chicory Powder research report will also study market share for major stakeholders in their global capacity as transformers of the global scale. This qualitative and quantitative analysis will include key product offerings, key differentiators, revenue share, market size, market status, and strategies. The report will also cover key agreements, collaborations, and global partnership soon to change dynamics of the market on a global scale.

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In the upcoming decade, the food and beverage industry is anticipated to play a significant role in the growth of the chicory market as producers concentrate on using chicory to make low-calorie sweeteners while ensuring the end goods' taste, texture, and shelf-life stability.

A woody plant that is active in the summer called chicory has many medicinal uses. A popular coffee alternative that contains no caffeine is chicory. Although it came originally from Europe, chicory is now becoming more common in parts of Africa. Different portions of the chicory plant were utilized in ancient remedies because they have restorative characteristics and are widely distributed around the world. All portions of the chicory plant, especially the roots, are rich in phytochemicals, making them attractive for usage in a variety of products.

Market overview:

The global market for chicory products is expanding due to the chicory plant's numerous medical uses. Medical benefits of the chicory plant include antibacterial, anthelmintic, antimalarial, anti-diabetic, gastroprotective, anti-inflammatory, antioxidant, and anti-allergic properties. Other health benefits include lowering sugar levels, improving metabolism, and reducing caffeine concentration. Due to its comparable taste and lack of caffeine, chicory powder is frequently used as a substitute for coffee. Due to the high probiotic and fiber content of chicory, it is widely employed in the food and beverage industries.

The global market for chicory products is expanding due to an increase in the production of chicory roots and the addition of chicory powder to coffee due to its lack of caffeine. For instance, the Food and Agricultural Organization (FAO) reports that the production of chicory roots increased by 3.1% annually from 2013 to 2015, totaling 504 thousand tons worldwide.

In terms of product type, the market for chicory products in 2017 was dominated by the chicory flour sector. This is because it's used in items like ice cream, protein bars, chocolate bars, margarine applications, seasoning, and dressing to add fiber and texture. Customers favor goods made from chicory because of its benefits, which include promoting insulin secretion and preventing liver damage.

Chicory Powder Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Market Segmentation
Global Chicory Powder Market: Segmentations

Global Chicory Powder Market: By Key Players
Beneo
Cosucra
Sensus
Leroux
Violf
PMV Nutrient Products
FARMVILLA

Global Chicory Powder Market: By Types
Chicory Flour
Chicory Inulin

Global Chicory Powder Market: By Applications
Food and Beverage Industry
Healthcare Industry
Dietary Supplements

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Global Chicory Powder Market: Regional Analysis
The countries covered in the regional analysis of the Global Chicory Powder market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Objectives of the Study:

• To provide with an exhaustive analysis on the Chicory Powder Market by Product, By Application, By End User and by Region.

• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market

• To predict the market size, in key regions- North America, Europe, Asia Pacific, Latin America and Middle East and Africa.

• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions

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