Chicory Roots Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Report Code: ZMR-1845 | Report Format : | Status : Upcoming |

Abstract

Global Chicory Roots Market: Overview

Chicory was originally used as a medicine by the Egyptians and they were found in the regions such as Europe and Asia. Chicory plants are also called Cichorium intrybus L. Since the ancient times, the dried roots of the chicory are used as a medicine. The roots when dried and roasted acts as a substitute for coffee having no caffeine. The chicory roots add fibers to the food products. It has a creamy texture and is smooth in the mouth same as that to fat.

Global Chicory Roots Market: Segmentation

The market for the chicory roots is fragmented into product type and end-use industry. Based on the product type, the market is segregated into chicory root inulin and powder. Chicory root powder is same as regular coffee and it also consists of several health benefits. The inulin segment contributes the largest market share with regards to value. Depending on the end-use industries, the chicory roots market is bifurcated into the pharmaceutical industry, food and beverages, and dietary supplements. The food & beverage segment is sub-categorized into breakfast cereals & granola products, bakery & confectionery products, dairy & frozen desserts, energy bars, and beverages.

Global Chicory Roots Market: Growth Factors

The chicory roots have a creamy texture and are smooth, thus they are widely used in the dairy industry for the formulation of ice-cream, cheese, and yogurts. This factor has increased the demand of chicory roots in the food and beverages industry in several regions. The production capacity has increased significantly thus influencing the market growth. The increased application of the chicory roots in the pharmaceutical sector is also triggering the growth of the market. Other factors that are contributing to the market growth are the increased rate of urbanization and the increased spending capacity of the middle-class population.

Global Chicory Roots Market: Regional Analysis

The market for the chicory roots is geographically segmented into the Middle East and Africa, Asia Pacific, North America, Western Europe, Eastern Europe, and Latin America. The chicory roots are mainly found in the European regions as a wild plant which grows on the roadsides. At present situation, they are also found in the regions such as Australia and North America. The market for the chicory roots is dominated by Europe owing to its increased application in the food and beverage industry. Europe is followed by the Latin American region. In the North America, a region the chicory roots are used in the pharmaceutical industries, thus fuelling the market growth. In the Asia Pacific region, developing nations such as China and India are the fastest growing region owing to the favorable policies implemented by the government and the financial support that is given for the chicory farming.

Global Chicory Roots Market: Competitive Players

The key market players that are involved in chicory roots market include Shaanxi Sciphar Natural Products Co., Ltd., Delecto Foods Private Limited, Cargill, Incorporated, and Jarrow Formulas.

Global Chicory Roots Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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