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Chicory Market Size Worth USD 1391.4 Million in 2032 | Emergen Research
Chicory Market
Chicory Coffee:
A Healthier Choice Chicory coffee, derived from roasted chicory root, has gained popularity as a caffeine-free substitute for traditional coffee. With its earthy and nutty overtones, chicory coffee offers consumers a flavorful experience without the side effects associated with caffeine consumption, such as insomnia and anxiety. Moreover, chicory root's soluble inulin fiber provides various health benefits, including blood sugar regulation and improved digestive health.
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Role in Diabetes Management and Anti-Inflammatory Properties
The report highlights chicory root's potential in managing diabetes, with studies suggesting its ability to regulate blood sugar levels and prevent related complications. Additionally, chicory's polyphenols exhibit potent anti-inflammatory properties, crucial for individuals with diabetes, as the condition can exacerbate inflammation throughout the body.
Market Challenges and Opportunities
Despite its health benefits, the chicory market faces challenges such as consumer preference for coffee and limited awareness of chicory-based products. However, rising health consciousness and demand for natural supplements present opportunities for market growth, particularly in the dietary supplements segment.
Segment Insights:
Chicory Types and Applications
The report categorizes the chicory market into segments based on types and applications. Chicory instant powder dominates the market due to its caffeine-free and flavorful properties, while roasted chicory is experiencing steady growth driven by consumer demand for caffeine-free alternatives. In terms of applications, dietary supplements lead the market, fueled by increasing awareness of chicory's health benefits.
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Chicory Top Companies and Competitive Landscape
The global chicory market is moderately fragmented, with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective chicory solutions in the market.
Some major players included in the global chicory market report are:
• COSUCRA
• Delecto Foods Pvt Ltd.
• BENEO
• Sensus
• Leroux
• Cargill, Incorporated
• REILY FOODS COMPANY
• Pioneer Chicory
• PMV Nutrient Pvt. Ltd.
• FARMVILLA FOOD INDUSTRIES PVT. LTD
• Murlikrishna Foods Pvt. Ltd
• Starwest Botanicals
• STOKROS company Ltd.
• Natures Gold
• Organic Herb Trading
• Narasu's Coffee Company
• NP Nutra
• Jamnagar Chicory Industries
• Shaanxi Sciphar Natural Products Co., Ltd.
• H&C GROUP OF COMPANIES
Chicory Latest Industry News
• On 7 March 2022, Sensus, a Dutch cooperative member announced to increase production of chicory root fiber, or inulin, to meet rising demand for natural prebiotics in plant-based diets and supplements.
• On 3 March 2020, BENEO, one of the top producers of functional ingredients, announced its plan to invest over USD 61 million in funding a substantial expansion of its chicory root production facility in Chile by 2022. This announcement follows an increase in consumer interest in digestive health and a rise in demand for BENEO's chicory root fibers, inulin, and oligofructose.
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Chicory Market Segment Analysis
For the purpose of this report, Emergen Research has segmented the global chicory market on the basis of type, plant-part, distribution channel, application, and region:
• Type Outlook (Revenue, USD Million; 2019-2032)
o Chicory Instant Powder
o Roasted Chicory
o Chicory Inulin
o Chicory Flour
o Others
• Plant-part Outlook (Revenue, USD Million; 2019-2032)
o Root
o Leaf
o Other Parts
• Distribution Channel Outlook (Revenue, USD Million; 2019-2032)
o Supermarkets/Hypermarkets
o Convenience Stores
o Specialty Stores
o Online Retailers
• Application Outlook (Revenue, USD Million; 2019-2032)
o Food & Beverages (F&B)
o Dietary Supplements
o Healthcare & Medicine
o Cosmetics & Personal care
o Animal Feed
o Others
• Regional Outlook (Revenue, USD Million; 2019-2032)
o North America
1. U.S.
2. Canada
3. Mexico
o Europe
1. Germany
2. France
3. UK
4. Italy
5. Spain
6. Benelux
7. Rest of Europe
o Asia Pacific
1. China
2. India
3. Japan
4. South Korea
5. Rest of APAC
o Latin America
1. Brazil
2. Rest of LATAM
o Middle East & Africa
1. Saudi Arabia
2. UAE
3. South Africa
4. Turkey
5. Rest of Middle East & Africa
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