Chicory, a compelling alternative to coffee, is a herbaceous plant native to Eurasia. Chicory is a rich source of insulin, bioactive compounds, oligofructose and soluble fibres. Chicory’s manifold medicinal properties make it a vital ingredient in dietary supplements and various foods & beverages. Chicory contains minimal calories, fat, sugar and no gluten allowing the global chicory market to ride the vegan wave of the 21st century. Chicory inulin is considered a prebiotic used by microorganisms present in the gut to improve digestive health. Chicory is used as a texturing, stabilizing and gelling agent across foodstuffs. Lastly, chicory is used in animal feed additives as consumers actively seek meat with lower additives and antibiotics indirectly aiding the chicory market.
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Greater Use of Chicory as Prebiotic in Diary Makes Food & Beverage Segment Critical
Chicory can be derived from chicory roots or chicory leaves with the former comprising the largest value share in the chicory market for the forecast period ending in 2025. Inulin extracted from chicory root is anticipated to gain significant traction in the animal feed industry as a type of functional ingredient thereby driving growth in the chicory market. In terms of application, the global chicory market can be subdivided into dietary supplements, pet food, cosmetics, and food & beverages. The food & beverages segment is key as ever-increasing use of chicory as a prebiotic in dairy products, especially in infant formulas should bolster growth in the chicory market during the assessment period.
Capacity Expansion Essential for Maximum Profitability in the Global Chicory Market
Prominent companies are aggressively expanding their production capacity in the chicory market to cater to the demand for chicory extract and prebiotic ingredients. In 2020, BENEO GmbH declared its intent to expand manufacturing capacity at its plant in Chile by 2022. In October, BENEO announced that it will process organic chicory root fibre to better serve the organic movement. Sensus, a subsidiary of Royal Cosun plans to increase its production capacity by the end of 2021. This strategic decision was made to become the partner of choice for ‘natural, plant-based’ food manufacturers. Other companies analysed in this report on the chicory market include Cargill Incorporated, Cosucra Groupe Warcoing, Sensus, Delecto Foods Pvt Ltd, Leroux, Reily Foods Company, PMV Nutrient Products Pvt Ltd, Starwest Botanicals, and Nature’s Gold Production.
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Europe Retains Lead in the Chicory Market, Higher Growth in APAC Notwithstanding
Europe sets the pace in the chicory market with Belgium, Croatia, and France contributing the bulk of production. The continent is also a huge consumer of chicory as veganism has gone mainstream among millennial consumers and there is an observable shift towards plant-derived functional foods. Nonetheless, it would be unwise to ignore the APAC region entirely in the chicory market as consumer awareness there is growing rapidly. APAC is a large producer of poultry and meat and producers seek to use plant-based ingredients to mitigate the impact of antibiotics.
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Synopsis:The scope of the global Chicory Market was projected at US$ 220.6 million in 2018 and is estimated to develop by a CAGR of 4.2% for the duration of the forecast.
Generally, it is having flowers with bright blue color.
Usually its roots are treated for foodstuff & beverage manufacturing.
The companies operating in the field are trying to manufacture the product having better quality by means of refining the technology.Drivers:Growing alertness about the fitness benefit of it is the fundamental motivator of the development.
In the situation of inflammation and swelling the paste of leaves can be openly applied on skin.
By Type, it can be classified as Inulin, Flour, Roasted and others.Request a Free Sample Copy of Chicory Market Report @ https://www.millioninsights.com/industry-reports/chicory-market/request-sampleRegional Lookout:By Region the global chicory industry can be classified as North America, Europe, Asia Pacific, and Rest of the World.
Chicory Roots Industry Research Report 2019 Chicory was originally used as a medicine by the Egyptians and they were found in the regions such as Europe and Asia.
The roots when dried and roasted acts as a substitute for coffee having no caffeine.Get Sample Copy of this Report - https://www.orianresearch.com/request-sample/620583 Chicory Roots Industry 2019 research report provide a basic overview of the industry including definitions, classifications, applications and industry chain structure.
The Global Chicory Roots Industry analysis is provided for the international Industry’s including development trends, competitive landscape analysis, and key regions development status.
This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.Chicory Roots 2019 Industry Research Report is spread across 115 pages and provides exclusive vital statistics, data, information, trends and competitive landscape details in this niche sector.
Global Chicory Roots Industry competition by top manufacturers, with production, price, revenue (value) and Industry share for each manufacturer; the TOP PLAYERS includingShaanxi Sciphar Natural ProductsDelecto Foods PrivateCargillJarrow Formulas...The report also focuses on global major leading industry players of Global Chicory Roots Industry providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information.
Finally the feasibility of new investment projects are assessed and overall research conclusions offered.With tables and figures helping analyze worldwide Global Chicory Roots Industry, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the Industry.Regionally, this report focuses on several key regions: North America, Europe, China and Japan.At company level, this report focuses on the production capacity, ex-factory price, and revenue and Industry share for each manufacturer covered in this report.
