Chicory is a perennial herbaceous plant that belongs to the dandelion family Asteraceae, with bright blue flowers. Many varieties of chicory are cultivated for salad leaves, chicons, or roots, which are baked and grounded. Chicory is used as a coffee substitute and food additive. Chicory roots and above-ground parts are used to make medicine. Chicory is used to prevent heart failure, high blood pressure, loss of appetite, constipation, liver and gallbladder disorders, upset stomach, cancer, and rapid heartbeat. In foods, chicory leaves are eaten like celery, and the leaf buds and roots are boiled and consumed. Chicory is also used as a cooking spice and to flavor beverages and foods.
MARKET DYNAMICS
The chicory ingredient market has witnessed significant growth owing to factors such as urging demand for functional food and growing health consciousness among the consumers. Moreover, a substantial shift of consumers in developed countries towards a healthy lifestyle and food products provides opportunities for the key players in the chicory ingredient market. However, less awareness among the consumer in developing countries regarding the availability, usage, and consumption of chicory ingredient is projected to hamper the overall growth of the chicory ingredient market.
MARKET SCOPE
The Global Chicory Ingredient Market Analysis to 2028? is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the chicory ingredient market with detailed market segmentation by product type, distribution channel and geography. The global chicory ingredient market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading chicory ingredient market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global chicory ingredient market is segmented on the basis of product type and distribution channel. On the basis of product type, the chicory ingredient market is segmented into leaves, root, flowers, and seeds. Based on distribution channel, the chicory ingredient market is segmented into hypermarkets and supermarkets, convenience stores, online, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global chicory ingredient market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The chicory ingredient market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the chicory ingredient market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the chicory ingredient market in these regions.
MARKET PLAYERS
The reports cover key developments in the chicory ingredient market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from chicory ingredient market are anticipated to lucrative growth opportunities in the future with the rising demand for chicory ingredient in the global market. Below mentioned is the list of few companies engaged in the chicory ingredient market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the chicory ingredient market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Baiyin Xirui Biological Engineering Co., Ltd.
- BENEO-Palatinit GmbH
- Coöperatie Koninklijke Cosun U.A.
- Cosucra Groupe Warcoing SA
- Fuji Nihon Seito Corporation
- Gansu Likang Nutritional Foods Co, LTD
- Novagreen Inc.
- PMV Nutrient Products Pvt
- The Qinghai Weide Biotechnology Co., Ltd.
- The Tierra Group
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