" Chicory Root Market research report explores the key parameters for Chicory Root Market industry namely market analysis, market definition, market segmentation, key developments in the market, competitive analysis, and research methodology. This world class report gives estimations of Compound Annual Growth Rate (CAGR) in % value for the forecasted period that will assist client to take decision based on futuristic chart. The report defines CAGR value fluctuations during the forecast period of 2023-2030 for the market. For obtaining in depth market report, request an analyst call or drop down an enquiry at any time.
To provide market definition, the top notch Chicory Root Market report neatly researches market driving factors and market restraints. It aids in estimating the demand of particular product in the market with respect to several aspects. In the same way, market segmentation is another major parameter that categorises the market depending upon application, vertical, deployment model, end-user, and geography etc. To perform competitive analysis, a range of strategies of the major players in the market have been believed that include new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others which lead to an ascend of their footprints in the market. The universal Chicory Root Market report provides market shares at global level mainly for Europe, North America, Asia Pacific and South America.
Data Bridge Market Research analyses that the chicory root market which was valued at USD 193.56 million in 2021 is expected to reach the value of USD 308.51 million by 2029, at a CAGR of 6.00% during the forecast period of 2022-2029.
Explore Further Details about This Research Chicory Root Market Report https://www.databridgemarketresearch.com/reports/global-chicory-root-market
Chicory Root Market Scope and Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2022 to 2029 |
| Base Year | 2021 |
| Historic Years | 2020 (Customizable to 2014 - 2019) |
| Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
| Segments Covered | Product Type (Chicory Root Root Inulin, Chicory Root Root Powder), Distribution Channel (B2B, B2C), End-Use Industry (Food and Beverages, Pharmaceutical Industry, Nutraceuticals), |
| Countries Covered | 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). |
| Market Players Covered | COSUCRA. (Belgium), Delecto Foods Pvt Ltd (India), BENEO (Germany), Cargill, Incorporated (U.S.), Reily Foods Company (U.S.), Pioneer Chicory Root (India), PMV Nutrient Products Pvt Ltd. (India), Farmvilla Food Industries Pvt Ltd (India), Murlikrishna Foods Pvt Ltd (India), Starwest Botanicals. (U.S.), STOKROS Company Ltd (Russia), Natures Gold (Netherlands), Organic Herb Trading (U.K.), Shaanxi Sciphar Natural Product Co Ltd. (China), Jamnagar Chicory Root Industries (India), Herbs Crops Overseas (India). |
| Opportunities |
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Market Definition
Chicory Root, also known as Cichorium intybus, is a dandelion-like woody herbaceous plant grown primarily for its leaves and roots. Chicory was first discovered in Europe and Asia. It was grown as a medicine by the Egyptians thousands of years ago. Since ancient times, the dried roots of the chicory plants have been used as a medicine, and the dried and roasted root is used as a substitute for coffee because it contains no caffeine. Chicory root is high in inulin, a type of prebiotic fibre linked to weight loss and improved gut health. Chicory root is a safe alternative to a number of ingredients in a variety of applications, including food and beverages, dietary supplements, feed and pet food, and cosmetics.
Global Chicory Root Market Dynamics
Drivers:
- Chicory root as a healthy substitute
Sugar reduction is one of the most recent innovations in the food and beverage industry. Chicory root fibre has been shown to help reduce sugar intake by improving taste and texture, leading to its increased use in the food and beverage industry. While chicory root leaves and roots have been used in salads and a variety of inventive and delicious recipes for many years. Chicory root is used to treat a variety of health problems, including liver and gallbladder disorders, cancer, and other acute gastrointestinal issues. Aside from these health benefits, it is also thought to be a tonic for increasing urine production, protecting the liver, and counteracting the stimulant effect of coffee.
- Technological advancements and developments of improved systems
Soft drinks, frozen desserts, confectioneries, infant formula, yoghurts, chewing gums, and other applications for chicory root are likely to create significant opportunities for chicory root manufacturers. Manufacturing technology advancements, the introduction of efficient purification systems, new substrates and enzymes, and the development of recombinant enzymes have all resulted in lower chicory root manufacturing costs.
Opportunity
- Adoption in varieties of end users
On a regional level, companies are focusing on improving technology for chicory root product life enhancement in applications such as animal nutrition, beverages, and dairy products. Furthermore, in order to provide price advantages to companies, a few regional and local players have begun offering chicory root at comparatively lower prices, primarily in China and India. Furthermore, the rising demand for functional beverage and food products in these countries is expected to expand the opportunities for new entrants into the chicory root markets in the near future.
Key Influence of this Chicory Root Market:
- Comprehensive assessment of all opportunities and risk in this Chicory Root Market
- This Chicory Root Market recent innovations and major events
- Detailed study of business strategies for growth of the this Chicory Root Market leading players
- Conclusive study about the growth plot of the Market for forthcoming years
- In-depth understanding of this Chicory Root Market particular drivers, constraints and major micro markets
- Favorable impression inside vital technological and market latest trends striking this Chicory Root Market
- To provide historical and forecast revenue of the Chicory Root Market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country level analysis of the Chicory Root Market t with respect to the current market size and future prospective
Why choose Data Bridge Market Research?
- Modern technologies, such as artificial intelligence, to provide updated industry growth.
- DBMR team provides clients with the top notch Chicory Root Market research report.
- Interaction with research scientists and development heads to understand the nature of the Chicory Root Market more precisely.
- 24/7 availability of services.
- Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.
DBMR team uses very fair means to gather information that is scrutinized at every stage while structuring an influential Chicory Root Market size
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