The Chicory root is drawn from a plant with bright blue flowers, a plant that belongs to the dandelion family. This plant has, for centuries, been employed in cooking and traditional medicines, whereas today, it is commonly used in the making of coffee. The fiber that comes from its root is purported to have numerous health benefits and is often extracted for use as an additive in different foods, or as a supplement. Packed with prebiotic fiber inulin, the fresh chicory root is extremely beneficial to your gut. The helpful bacteria that it contains play an important role in reducing inflammation, fighting harmful bacteria, and improving mineral absorption. It also aids in better bowel movement, improves blood sugar control, and has proven especially beneficial to the people with diabetes, it has been observed to support weight loss, and seeing as how it is so easy to be added to the daily diet, consumption in daily foods is possible even without your knowledge, the chicory Market is foreseen to be growing rapidly.
As such, aside from the numerous health benefits of the chicory root, it also seen to be a healthier alternative to the traditional coffee powder, if one wants to cut down on their daily caffeine intake. Scientists have observed that chicory improves brain function, and as a result, is quickly substituting caffeine.
Driving factors of the Chicory Market:
chicory is fast serving as an alternative to the traditional caffeine, for the regular consumers of coffee, and seeing as how chicory is ten times cheaper than the average coffee powder, it has played out in favour of the chicory Market, as it is seeing rapid adoption by restaurants and hotels across the globe. Coffee being one of the premium drinks, unaffordable to many, chicory has now made it come in the reach of several viable consumers, looking to enter into the coffee world, but restricted due to its sky rocketing costs and negative health effects.
The soaring costs have now forced the coffee companies to start blending in chicory as a cheaper solution, to be able to protect their profit margins. The large coffee companies are now selling coffee that is a near 50% blend of chicory, something that is fast becoming their best sellers too. This has greatly increased the cultivation of chicory roots, and hence, also given a major boost to the production of instant chicory powder in many countries across the globe. Direct consumer products made from chicory, such as the roasted chicory powder that is a near total coffee substitute, are also very cheap; therefore, people now prefer more chicory because of its lower price, accompanied by its many health benefits, and their beverages are also now caffeine-free.
Another one of the key factors which has led to the development and growth of the global chicory Market is the regional integration and free trade agreements. Free trade has aided in the integration of supply chains, resulting in the boosting of trade activities between countries, and this has benefited the chicory manufacturers extensively as they can now consider exporting, subsequently driving the growth of the global chicory market.
The emergence of modern retail formats and the growing friend of food court and speciality stores in malls has given consumers an easier access to products that contain chicory ingredients such as prebiotics true food codes and speciality stores. Malls and supermarkets have improved the visibility of the variety of products that contain chicory ingredients, which has benefited the overall growth of the Market. chicory is also used in various dairy products such as yogurts, cheese, and ice creams. As the demand for dairy products is growing worldwide, among various milk-based products, yogurt and yogurt beverages are gaining popularity owing to the presence of a high amount of prebiotics, the demand for chicory will prove to be lucrative to the chicory Market in the forecast period. All these factors are expected to drive product demand over the foreseen period.
The Chicory Market Segments information:
Food and beverage is leading in the application segment of the chicory Market, and it is expected to maintain its lead throughout the forecast period. The rising demand for chicory coffee in countries such as Thailand, Japan, Netherlands, Germany, France, and U.S. is driving the growth of the chicory Market. Additionally, the increasing use of the product as an alternative to sugar and fat in various food and beverages is expected to create growth opportunities in the forthcoming years.
In the regional segment, Europe is anticipated to continue leading the global chicory market over the forecast period. The rising consumption of chicory powder, owing to various health benefits of the product, is driving the regional growth. Belgium is the largest producer of chicory in the world. Germany, France, and Netherlands are expected to witness significant growth owing to the surging consumption of chicory coffee in these regions. In the U.S., it is largely consumed in salads and as a natural appetiser and snacking option. In the type segment, chicory powder is the leading holder of the chicory Market share, owing to its large popularity as a substitute for instant coffee powder, all over the world.
Key Players in the Chicory Market:
Cosucra Groupe Warcoing (Belgium)
Delecto Foods Pvt Ltd (India)
BENEO GmbH (Germany)
Cargill Incorporated (USA)
Reily Foods Company (USA)
Pioneer chicory (India)
PMV Nutrient Products Pvt Ltd (India)
Shaanxi Sciphar Natural Product Co Ltd. (China)
Murlikrishna Foods Pvt Ltd (India)
Starwest Botanicals (USA)
The Chicory Market is segmented as follows:
Food & beverages
Feed & pet food
Cosmetics & personal care
Rest of Europe
Rest of APAC
Rest of South America
Middle East & Africa
Rest of MEA
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