Press release
Chicory Root Fibre Market Analysis, Growth, Trends, Report and Forecast 2024-2032
Chicory Root Fibre Market
According to the report by Expert Market Research (EMR), the global chicory root fibre market size is being aided by the overall chicory market growth. Aided by the rising demand for natural, plant-based, and clean-label ingredients, as well as the growing awareness of the health benefits of prebiotic dietary fibres, the global chicory market is expected to grow at a CAGR of 4.5 % in the forecast period of 2024-2032 to reach a value of approximately USD 362.02 million by 2032.
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Chicory root fibre, also known as inulin, is a versatile, plant-based ingredient extracted from chicory roots. It is a prebiotic dietary fibre, which promotes the growth of beneficial gut bacteria. Chicory root fibre is commonly used as a sugar and fat replacer, a fibre enrichment ingredient, and a texturizer in a variety of food and beverage products, including dairy, bakery, cereals, and confectionery items.
In recent years, there has been a growing consumer awareness regarding the health benefits associated with the consumption of natural, plant-based, and clean-label products, fuelling the chicory root fibre market growth. With increasing interest in gut health and a growing body of research highlighting the importance of a healthy microbiome, chicory root fibre is garnering attention as a health-promoting prebiotic dietary fibre.
The widespread trend towards health and wellness has brought chicory root fibre into the spotlight as a popular ingredient in functional foods and beverages, boosting the chicory root fibre market demand. As consumers become more educated about the relationship between diet and health, demand for prebiotic and fibre-rich ingredients like chicory root fibre is rising. Its application in weight management due to its low caloric content and high fibre nature has also garnered significant attention, making it a preferred choice for health-conscious consumers.
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The clean label movement, which prioritizes transparency, natural ingredients, and simple labels, has significantly contributed to the chicory root fibre market share. As a natural, plant-based ingredient, chicory root fibre aligns perfectly with the clean label ethos. Manufacturers are leveraging this aspect to formulate products that meet the growing consumer demand for 'free-from' and 'natural' products.
The versatility of chicory root fibre is propelling its use across various industries. In the food and beverage sector, it is used as a sugar replacer, fat reducer, and texture enhancer, making it an invaluable ingredient in the reformulation of products for improved health profiles, and increasing to the chicory root fibre market size. Beyond its nutritional benefits, chicory root fibre serves as a useful ingredient in pet food, capitalising on the increasing trend of pet humanisation and the demand for high-quality pet nutrition.
Chicory Root Fibre Market Segmentation
The market can be divided based on nature, form, application, distribution channel, and region.
Market Breakup by Nature
Organic
Conventional
Market Breakup by Form
Powder
Solid
Market Breakup by Application
Food and Beverages
Bakery and Confectionary
Breakfast Cereals
Diary and Frozen Products
Beverages
Others
Pharmaceuticals
Dietary Supplements
Others
Market Breakup by Distribution Channel
Direct Sale
Indirect Sale
Market Breakup by Region
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global chicory root fibre market. Some of the major players explored in the report by Expert Market Research are as follows:
• Cargill Incorporated
• Royal Cosun Group
• Beneo GmbH
• Xi'an Rainbow Biotech Co.,Ltd
• Others
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