The latest Chicory Market study, blends in qualitative and quantitative research techniques to present vital data on the competitive landscape for the period of 2021 – 2030 .The report is furnished with the latest updates about the current market scenario with regards to the COVID-19 pandemic. The report considers COVID-19 as a key contributor to the dynamically altered market scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market.
The global chicory market size was USD 739.6 million in 2022 and is expected to register a rapid revenue CAGR of 6.5% during the forecast period. Increasing need for chicory as a coffee alternative, rising demand for chicory in the nutraceutical and pharmaceutical industries, and technological advancements in the extraction and processing of high-purity chicory extracts are key factors driving market revenue growth. The chicory market is a dynamic sector within the broader landscape of the global food and beverage industry. Chicory, a plant belonging to the dandelion family, is valued for its versatility and various culinary and medicinal applications. The market encompasses the cultivation, processing, and distribution of chicory products, including roots, leaves, and extracts, which are used in a wide range of food and beverage products, dietary supplements, and herbal remedies. With growing consumer interest in natural and functional ingredients, the chicory market is experiencing steady growth and diversification, driven by factors such as shifting dietary preferences, increasing health consciousness, and demand for sustainable and ethically sourced ingredients.
The Global Chicory Market report, published by emrgen research, is a holistic study of the current and upcoming trends of the Chicory Market that are expected to influence its growth over the forecast period. The report offers an in-depth analysis of the leading geographical segments of the market. It exclusively offers details about the regulatory framework and development policies that have been implemented in the market over recent years. The study focuses on global trends, regulatory frameworks, and macro- and micro-economic factors.
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Drivers of the Chicory Market Growth:
Several factors contribute to the growth of the chicory market. Firstly, the rising awareness of chicory’s health benefits, including its potential to support digestive health, improve blood sugar control, and act as a prebiotic fiber, drives demand for chicory-based products among health-conscious consumers. Additionally, chicory’s versatility as a coffee substitute and its use as a flavor enhancer in various food and beverage applications further stimulate market growth. Moreover, the growing trend towards clean label and natural ingredients in the food and beverage industry fuels demand for chicory extracts and derivatives, which offer natural sweetness, color, and functional properties without the use of artificial additives or preservatives.
Growth Factors and Opportunities Chicory Market:
Despite the challenges, the chicory market offers significant growth opportunities driven by various factors. The growing trend towards plant-based diets and natural ingredients, coupled with increasing consumer interest in functional foods and beverages, creates a favorable market environment for chicory-based products. Moreover, advancements in extraction technologies and processing techniques enable the production of chicory extracts with enhanced bioactive compounds and functional properties, expanding the scope of applications in the food, beverage, and dietary supplement industries. Additionally, initiatives aimed at promoting sustainable agriculture practices and ethical sourcing of ingredients further underscore the market potential for chicory as a sustainable and environmentally friendly crop.
Some of the major companies included in the global Chlorinated Polyvinyl Chloride (CPVC) market report are: COSUCRA, Delecto Foods Pvt Ltd., BENEO, Sensus, Leroux, Cargill, Incorporated, REILY FOODS COMPANY, Pioneer Chicory, PMV Nutrient Pvt. Ltd., FARMVILLA FOOD INDUSTRIES PVT. LTD., Murlikrishna Foods Pvt. Ltd., Starwest Botanicals, STOKROS company Ltd., Natures Gold, Organic Herb Trading, Narasu’s Coffee Company, NP Nutra, Jamnagar Chicory Industries, Shaanxi Sciphar Natural Products Co., Ltd., H&C GROUP OF COMPANIES.
For the purpose of this report, Emergen Research has segmented the global chicory market on the basis of type, plant-part, distribution channel, application, and region:
· Type Outlook (Revenue, USD Million; 2019-2032)
· Plant-part Outlook (Revenue, USD Million; 2019-2032)
· Distribution Channel Outlook (Revenue, USD Million; 2019-2032)
· Application Outlook (Revenue, USD Million; 2019-2032)
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The report also provides an extensive analysis of the segment and sub-segmented expected to dominate the Chicory Market over the projected period. The report offers a forecast estimation of the market with regards to the analysis of the market segmentation, including product type, end-user industries, application spectrum, and other segments.
Objectives of the Report:
Industrial structure analysis of the Chicory Market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Chicory Market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Radiofrequency-Based Devices market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
Study of the global Chicory Market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2023-2032)
Table of Contents:
Chapter 1: This section analyzes the global Chicory Market market introduction, product offerings, scope, growth opportunities, market risks, and key driving forces.
Chapter 2: This chapter presents a detailed study of the key manufacturers in the Chicory Market market, with sales and revenue estimations.
Chapter 3: Thiselaborates on the competitive scenario, with details on the major manufacturers and vendors.
Chapter 4: This section studies the global Chicory Market market based on regions.
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