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.
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 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).
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Key Market Competitors Covered in the Report
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
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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Global Chicory Root Market – Industry Trends and Forecast to 2027