The Global Chicory Root Market is expected to grow at a compound annual growth rate of 5.50% in the forecast period of 2020 to 2027. The rise in demand of chicory roots especially in dairy industry for the formulation of cheese, ice-cream and yogurts due to its smooth and creamy texture is a significant factor driving the market growth rate.
Likewise, the high demand for energy bars and supplementary food because of health concerns and rise in awareness regarding dietary intake of sugar and fat and healthy food products will produce lucrative opportunities for the growth of the chicory root market.
Chicory Root Market Scenario
According to Data Bridge Market Research the market for chicory root is gaining growth because of the increase in demand from pharmaceutical sector. Also the rise in use of the product in the food and beverages industry and nutritional supplements due to its health advantages are also expected to fuel the demand of the chicory root market over the forecast period of 2020 to 2027. Whereas, the various side effects caused by the consumption of chicory roots such as skin rashes and other allergies are expected to hinder the growth of the chicory root market in the aforementioned forecast period.
Now the question is which are the other regions that chicory root market is targeting? Data Bridge Market Research has estimated large growth in Asia-Pacific due to the implementation of favorable government policies coupled with chicory farming and investment by public and profit organizations.
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Chicory Root Market Scope
Chicory root market is segmented on the basis of countries into the U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
- All country based analysis of chicory root market is further analyzed based on maximum granularity into further segmentation. On the basis of product type, the chicory root market is segmented into chicory root inulin and chicory root powder. On the basis of distribution channel, the chicory root market is segmented into business to business (B2B) and business to customers (B2C). On the basis of end-use industry, the chicory root market is segmented into food and beverages, pharmaceutical industry and nutraceuticals.
- Chicory plants, also termed as Cichorium intrybus L. was originally found in Europe and Asia and was cultivated by Egyptians thousands of years ago for medicinal use. The dried and roasted chicory root is also used as an alternate for coffee which is also called coffee weed and could work as a cure to reduce down caffeine consumption.
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Key Pointers Covered in the Chicory Root Market Industry Trends and Forecast to 2027
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Cost of Care Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the Report
- COSUCRA
- Cargill, Incorporated
- BENEO
- Sensus B.V
- FENCHEM
- Shaanxi Sciphar Natural Products Co., Ltd
- Jarrow Formulas, Inc
- Delecto Foods Pvt Ltd
- The Tierra Group
- ciranda, Inc
- Wuxi Cima Science Co., Ltd
- RK Agroexport Private Limited
- Right Future International
- Mathura Enterprises
- SUBA SEEDS COMPANY SPA
- Plus Biologique Private Limited
- Golden Coffee Mfg. Co
- Pioneer Chicory
- Xi'an Green Biotechnique Co., Ltd
- Xi'an Gawen Biotechnology Co., Ltd
- Shaanxi Undersun Biomedtech Co., Ltd
- Hunan MT Health Inc
- Baoji Runyu Bio-Technology Co., Ltd
- Hefei Reachever Import And Export Limited Company
- Shaanxi Fuheng (FH) Biotechnology Co., Ltd
Above are the key players covered in the report, to know about more and exhaustive list of chicory root companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-chicory-root-market
Research Methodology of Global Chicory Root Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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