Market Overview:
The global chicory root product 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 chicory root products from the beverage industry, food industry, and health care products and medicines segments. Chicory root is used as an ingredient in various food items and beverages owing to its high nutritional value and health benefits. It is also used as a natural sweetener and additive in various food items. Furthermore, it has medicinal properties that help in treating various diseases such as diabetes, obesity, constipation, etc.
Product Definition:
Chicory root product is a powder made from the dried, ground roots of the chicory plant. It is used as an herbal supplement and has been shown to have anti-inflammatory, antioxidant, and laxative effects.
Chicory Flour:
Chicory flour is a whole grain product, which is made from sainfoin and endosperm of the wheat plant. It has high nutritional value and it's main ingredients include protein, dietary fiber, minerals such as iron & magnesium along with vitamins B6 & C. Chicory flour also contains essential amino acids making it a complete protein source.
Roasted Chicory:
Roasted chicory is a plant that is Chicory plant, Cichorium intybus. It's a member of the Aster family and has been used as a food item for centuries. The first recorded use of roasted chicory in Europe was during the time of classical Greece ( BCE). Roasted chicory has many nutritional properties and it can be used to treat cancer, reduce cholesterol levels, protect against heart disease & diabetes among others.
Application Insights:
Beverage industry was the dominant application segment in the global chicory root product market, accounting for over 50% of total revenue in 2017. The growth can be attributed to increasing consumption of coffee and tea beverages across the globe. In addition, growing demand for functional beverages owing to health concerns such as obesity and diabetes is expected to drive demand over the forecast period.
Food industry is anticipated to witness significant growth with a CAGR of XX% from 2018 to 2030 on account of rising consumer awareness regarding healthy eating habits coupled with changing food culture due majorly consumed foods including cereals, grains and flour products being gluten-free has increased their popularity among consumers globally which further boosted market share for chicory root products in food applications during recent years.
Regional Analysis:
Europe was the largest market for the global chicory root product, accounting for more than 35% of the total revenue in 2017. The region is expected to maintain its dominance over the forecast period as well due to high demand from countries such as U.K., Germany, and France among others. North America is projected to be one of fastest growing markets with a CAGR of XX% from 2018 to 2030 owing to increasing health consciousness and awareness about diabetes prevention among consumers in this region along with rising demand for low-calorie products will drive growth further.
Growth Factors:
- Increasing demand for natural and organic products: The global market for organic food is projected to grow at a CAGR of more than 14% from 2016 to 2021. This growth is driven by the increasing awareness of the benefits of organic foods, such as better taste, nutrition, and environmental sustainability. Chicory root product is a naturally occurring product and hence falls under the category of organic food. This will drive its demand in the coming years.
- Rising health concerns among consumers: A large number of consumers are now becoming health conscious and are looking for healthier alternatives to conventional foods. Chicory root product is a good source of fiber, vitamins, minerals, and antioxidants which makes it a healthy option compared to other processed foods available in the market today. This will further boost its demand in the coming years.
- Growing popularity of functional foods: Functional foods are those that provide additional health benefits beyond basic nutritionals needs such as prevention or treatment of diseases or disorders They usually contain bioactive compounds that offer positive effects on human health These compounds can be found in chicory root products which makes them popular among consumers looking for functional foods As this trend gains traction over time, chicory root products will see an increase in demand
Scope Of The Report
Report Attributes
Report Details
Report Title
Chicory Root Product Market Research Report
By Type
Chicory Flour, Roasted Chicory, Chicory Inulin, Others
By Application
Beverage Industry, Food industry, Health Care Products and Medicines
By Companies
BENEO, Cosucra, Violf, Leroux, Sensus, PMV Nutrient Products, Farmvilla Food Industries
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Chicory Root Product Market Report Segments:
The global Chicory Root Product market is segmented on the basis of:
Types
Chicory Flour, Roasted Chicory, Chicory Inulin, Others
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
Beverage Industry, Food industry, Health Care Products and Medicines
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
- Violf
- Leroux
- Sensus
- PMV Nutrient Products
- Farmvilla Food Industries
Highlights of The Chicory Root Product 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:
- Chicory Flour
- Roasted Chicory
- Chicory Inulin
- Others
- By Application:
- Beverage Industry
- Food industry
- Health Care Products and Medicines
- 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 Product 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 is a plant that is used as a coffee substitute. It has a bitter taste and can be found in most grocery stores.
Some of the major players in the chicory root product market are BENEO, Cosucra, Violf, Leroux, Sensus, PMV Nutrient Products, Farmvilla Food Industries.
The chicory root product market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Chicory Root Product 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 Product Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Chicory Root Product 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 Product 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 Product Market Size & Forecast, 2020-2028
4.5.1 Chicory Root Product Market Size and Y-o-Y Growth
4.5.2 Chicory Root Product Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Chicory Flour
5.2.2 Roasted Chicory
5.2.3 Chicory Inulin
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Beverage Industry
6.2.2 Food industry
6.2.3 Health Care Products and Medicines
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Chicory Root Product 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 Product 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Chicory Flour
9.6.2 Roasted Chicory
9.6.3 Chicory Inulin
9.6.4 Others
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 Market Size Forecast by Applications
9.10.1 Beverage Industry
9.10.2 Food industry
9.10.3 Health Care Products and Medicines
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Chicory Flour
10.6.2 Roasted Chicory
10.6.3 Chicory Inulin
10.6.4 Others
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 Market Size Forecast by Applications
10.10.1 Beverage Industry
10.10.2 Food industry
10.10.3 Health Care Products and Medicines
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Chicory Flour
11.6.2 Roasted Chicory
11.6.3 Chicory Inulin
11.6.4 Others
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 Market Size Forecast by Applications
11.10.1 Beverage Industry
11.10.2 Food industry
11.10.3 Health Care Products and Medicines
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Chicory Flour
12.6.2 Roasted Chicory
12.6.3 Chicory Inulin
12.6.4 Others
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 Market Size Forecast by Applications
12.10.1 Beverage Industry
12.10.2 Food industry
12.10.3 Health Care Products and Medicines
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Chicory Flour
13.6.2 Roasted Chicory
13.6.3 Chicory Inulin
13.6.4 Others
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) Market Size Forecast by Applications
13.10.1 Beverage Industry
13.10.2 Food industry
13.10.3 Health Care Products and Medicines
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 Product Market: Competitive Dashboard
14.2 Global Chicory Root Product 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 Violf
14.3.4 Leroux
14.3.5 Sensus
14.3.6 PMV Nutrient Products
14.3.7 Farmvilla Food Industries
