Press release
Chicory Market Size, Share, Growth and Trends, Value, Report 2024-2031
Chicory Market || 2024-2031
Chicory, or Cichorium intybus, is a woody herbaceous plant resembling dandelion, known for its leaves and roots. The root of chicory is particularly valued for its high inulin content, a prebiotic fiber associated with weight loss and improved gut health. Research indicates that chicory is a safe and versatile ingredient for various uses, including in foods and beverages, dietary supplements, animal feed, and cosmetics.
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Market Dynamics:
Growing prices of coffee powder are driving the growth of the market
The rise in coffee powder prices is a major factor driving the demand for chicory powder. The added expenses of roasting and grinding coffee contribute to increased production costs. In contrast, chicory, which is derived from roasted roots, offers a cost-effective alternative to coffee.
Studies indicate that the amount of land suitable for coffee cultivation is expected to decrease by 60% due to high demand and extensive land use, with wild coffee species facing the risk of extinction by 2050. This potential scarcity could lead to even higher coffee prices.
As a result, chicory is gaining popularity as a substitute, especially in regions with high coffee consumption, such as Finland. The growing trend of rising coffee prices presents a significant opportunity for the chicory market.
Segment Covered in Chicory Market:
By Product Type: Chicory Extract, Roasted Chicory, Instant Powder, Flour.
By Product Form: Powder, Liquid, Others.
By End-User: Food & Beverages, Dietary Supplementary, Cosmetics and Personal Care, Animal Feed & Pet Food, Others.
Get Customization in the report as per your requirements: https://www.datamintelligence.com/customize/chicory-market
Key players involved in Chicory Market:
• Cosucra Groupe Warcoing
• Delecto Foods Pvt Ltd.
• BENEO GmbH
• Sensus
• Leroux
• Cargill Incorporated
• Reily Foods Company
• Pioneer Chicory
• PMV Nutrient Products
• Farmvilla Food Industries
*Note:
• Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.
Regional Analysis:
The Chicory Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Chicory Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
Related Reports:
Alcoholic Beverages Market: https://www.datamintelligence.com/research-report/alcoholic-beverages-market
Food Probiotics Market: https://www.datamintelligence.com/research-report/food-probiotics-market
Phytonutrients Market: https://www.datamintelligence.com/research-report/phytonutrients-market
Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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