Market Overview:
The global chicory root flour market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for healthy and organic food products, rising awareness about the health benefits of chicory root flour, and growing demand for gluten-free products. Chicory root flour is a good source of dietary fiber, vitamins (A, B1, B2, B6), minerals (calcium, magnesium), and antioxidants. It has low glycemic index and helps in weight management by controlling hunger pangs. These factors are driving the growth of the global chicory root flour market.
Product Definition:
Chicory root flour is a type of flour made from the ground chicory root. It has a sweet and nutty flavor, and can be used to make breads, pastries, and other baked goods. Chicory root flour is also high in fiber and minerals, making it a healthy addition to any diet.
Common Type:
The common type is the most widely used variety of chicory in Europe. It has a wide geographical range and high adaptability, growing wild in many areas. The plant is easily grown and can be harvested throughout the year with moderate harvesting frequency. The plant growth factor for this variety of chicory is mainly temperature, pH value (acidic or alkaline) and soil moisture content (damp or wet).
Organic Type:
Organic type is a product derived from Chicory plant. It has high nutritional value and can be used as an alternative to rice or wheat flour in many recipes. Organic type is gluten-free and rich in minerals, vitamins & proteins. The main ingredient of organic type is carbohydrates which are essential for the body because it provides energy to the cells for carrying out their functions properly.
Application Insights:
Food and beverage was the dominant application segment in the global chicory root flour market, accounting for over 60% of total demand in 2017. The product is commonly used as a coffee substitute owing to its diuretic and anti-inflammatory properties. It also helps reduce blood pressure levels, prevent heart diseases, lower cholesterol level and promote weight loss. These health benefits have encouraged several food processing companies across the world to use it as an ingredient in their products.
The healthcare supplements segment is expected to witness significant growth over the forecast period due to increasing consumer awareness regarding personal health issues coupled with rising incidences of chronic diseases such as diabetes and obesity around the globe.
Regional Analysis:
North America is expected to be the largest market for chicory root flour with a share of over 30% in terms of revenue. The region has been witnessing increasing demand for organic products as a result of growing health consciousness among consumers. Increasing awareness regarding the benefits associated with whole grain foods and increased adoption by food processing companies are anticipated to propel product demand in this region over the forecast period.
Europe accounted for more than 25% market share in 2017 owing to high consumption levels coupled with rising consumer preference toward healthy snacks, which is likely to boost industry growth over the forecast period. In addition, new product launches are also expected to have a positive impact on industry growth during the same period. For instance, Belgium based Solaeam bakery launched its innovative range of gluten-free Belgian style bread including white and dark rye breads under its premium brand name ‘B’ at EU Parliament conference center Europe on March 21st 2018 (Belgium).
Growth Factors:
- Increasing demand for gluten-free products: The global gluten-free market is projected to grow at a CAGR of over 14% from 2016 to 2021. This growth can be attributed to the increasing awareness about celiac disease and gluten intolerance among consumers. Chicory root flour is a good substitute for wheat flour in gluten-free recipes as it has high fiber content and low glycemic index.
- Rising popularity of healthy diets: There is a growing trend among consumers towards adopting healthy diets, which has led to an increase in demand for healthier alternatives such as chicory root flour. It is low in calories, fat, and sodium, and high in fiber, making it an ideal ingredient for weight loss diets and health conscious consumers.
- Growing demand from the food industry: The food industry accounts for the majority of chicory root flour consumption worldwide due to its functional properties such as emulsification, thickening, binding etc., which make it suitable for use in various food applications such as bakery products, sauces & dressings etc..
- Increasing investment by manufacturers: There has been an increase in investment by manufacturers towards expanding their production capacities of chicory root flour globally in order to meet the rising demand from various end-use industries.. This will help reduce the cost of this product and make it more affordable for consumers.. 5) Technological advancements: With technological advancements being made across different industries including agriculture & food processing; there has been
Scope Of The Report
Report Attributes
Report Details
Report Title
Chicory Root Flour Market Research Report
By Type
Common Type, Organic Type
By Application
Food and Beverage, Healthcare Supplements, Pharmaceuticals, Others
By Companies
Beneo, Cosucra, Leroux, Sensus
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
220
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Chicory Root Flour Market Report Segments:
The global Chicory Root Flour market is segmented on the basis of:
Types
Common Type, Organic Type
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food and Beverage, Healthcare Supplements, Pharmaceuticals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Beneo
- Cosucra
- Leroux
- Sensus
Highlights of The Chicory Root Flour Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Common Type
- Organic Type
- By Application:
- Food and Beverage
- Healthcare Supplements
- Pharmaceuticals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Chicory Root Flour Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Chicory root flour is a type of flour made from the ground roots of chicory plants. It has a slightly bitter taste and is used in baking to add flavor and texture.
Some of the major companies in the chicory root flour market are Beneo, Cosucra, Leroux, Sensus.
The chicory root flour market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Chicory Root Flour Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Chicory Root Flour Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Chicory Root Flour Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Chicory Root Flour Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Chicory Root Flour Market Size & Forecast, 2018-2028
4.5.1 Chicory Root Flour Market Size and Y-o-Y Growth
4.5.2 Chicory Root Flour Market Absolute $ Opportunity
Chapter 5 Global Chicory Root Flour Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Chicory Root Flour Market Size Forecast by Type
5.2.1 Common Type
5.2.2 Organic Type
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Chicory Root Flour Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Chicory Root Flour Market Size Forecast by Applications
6.2.1 Food and Beverage
6.2.2 Healthcare Supplements
6.2.3 Pharmaceuticals
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Chicory Root Flour Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Chicory Root Flour Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Chicory Root Flour Analysis and Forecast
9.1 Introduction
9.2 North America Chicory Root Flour Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Chicory Root Flour Market Size Forecast by Type
9.6.1 Common Type
9.6.2 Organic Type
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Chicory Root Flour Market Size Forecast by Applications
9.10.1 Food and Beverage
9.10.2 Healthcare Supplements
9.10.3 Pharmaceuticals
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Chicory Root Flour Analysis and Forecast
10.1 Introduction
10.2 Europe Chicory Root Flour Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Chicory Root Flour Market Size Forecast by Type
10.6.1 Common Type
10.6.2 Organic Type
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Chicory Root Flour Market Size Forecast by Applications
10.10.1 Food and Beverage
10.10.2 Healthcare Supplements
10.10.3 Pharmaceuticals
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Chicory Root Flour Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Chicory Root Flour Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Chicory Root Flour Market Size Forecast by Type
11.6.1 Common Type
11.6.2 Organic Type
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Chicory Root Flour Market Size Forecast by Applications
11.10.1 Food and Beverage
11.10.2 Healthcare Supplements
11.10.3 Pharmaceuticals
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Chicory Root Flour Analysis and Forecast
12.1 Introduction
12.2 Latin America Chicory Root Flour Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Chicory Root Flour Market Size Forecast by Type
12.6.1 Common Type
12.6.2 Organic Type
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Chicory Root Flour Market Size Forecast by Applications
12.10.1 Food and Beverage
12.10.2 Healthcare Supplements
12.10.3 Pharmaceuticals
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Chicory Root Flour Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Chicory Root Flour Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Chicory Root Flour Market Size Forecast by Type
13.6.1 Common Type
13.6.2 Organic Type
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Chicory Root Flour Market Size Forecast by Applications
13.10.1 Food and Beverage
13.10.2 Healthcare Supplements
13.10.3 Pharmaceuticals
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Chicory Root Flour Market: Competitive Dashboard
14.2 Global Chicory Root Flour Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Beneo
14.3.2 Cosucra
14.3.3 Leroux
14.3.4 Sensus
