Global Chicory Market research report offers a panoramic view of the Chicory Market , regulatory framework, and macro- and micro-economic factors that influence the growth of the industry. The report strives to offer authentic information about the Chicory Market size, share, product portfolio, revenue estimations, and growth rate. The report has been formulated through extensive primary and secondary research along with verified and reliable data obtained from industry experts and professionals.
The global chicory market size was USD 739.6 million in 2022 and is expected to register a rapid revenue CAGR of 6.5% during the forecast period. Increasing need for chicory as a coffee alternative, rising demand for chicory in the nutraceutical and pharmaceutical industries, and technological advancements in the extraction and processing of high-purity chicory extracts are key factors driving market revenue growth.
The Chicory Market represents a vital sector within the chemical industry, offering a versatile thermoplastic resin with a wide range of industrial and commercial applications. CPVC is a chlorinated derivative of polyvinyl chloride (PVC), characterized by its excellent chemical resistance, high temperature stability, and flame-retardant properties, making it suitable for use in piping systems, industrial coatings, electrical insulation, and fire sprinkler systems. With increasing demand for corrosion-resistant and durable materials in construction, manufacturing, and infrastructure projects, the CPVC market continues to witness steady growth and innovation, driven by advancements in resin technology, regulatory compliance, and sustainability initiatives.
Drivers Fueling Growth in the Chicory Market:
Several factors are driving the growth of the chicory market. One key driver is the increasing consumer awareness of the health benefits of chicory-derived products, such as chicory root fiber, inulin, and chicory coffee alternatives. Chicory root fiber, known for its prebiotic properties and ability to support digestive health, is increasingly used as a functional ingredient in food and beverage formulations, including dairy products, baked goods, and nutritional supplements. Additionally, the growing popularity of chicory coffee as a caffeine-free alternative to traditional coffee stimulates demand for roasted chicory root products, offering a rich, nutty flavor profile reminiscent of coffee without the caffeine content.
Major Companies and Competitive Landscape
The Chicory Market is fairly consolidated with a few small and medium-sized market players accounting for majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective in the market. Some major players included in the market report are:
COSUCRA, Delecto Foods Pvt Ltd., BENEO, Sensus, Leroux, Cargill, Incorporated, REILY FOODS COMPANY, Pioneer Chicory, PMV Nutrient Pvt. Ltd., FARMVILLA FOOD INDUSTRIES PVT. LTD., Murlikrishna Foods Pvt. Ltd., Starwest Botanicals, STOKROS company Ltd., Natures Gold, Organic Herb Trading, Narasu's Coffee Company, NP Nutra, Jamnagar Chicory Industries, Shaanxi Sciphar Natural Products Co., Ltd., HC GROUP OF COMPANIES.
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Key inclusions of the Chicory Market report:
COVID-19 effects on growth figures.
Statistical analysis pertaining to market size, sales volume, and overall industry revenue.
Organized mentions of major market trends.
Growth opportunities.
Figures showcasing market growth rate.
Advantages and disadvantages of direct and indirect sales channels.
Insights regarding traders, distributors, and dealers present in the industry.
Covid impact analysis:
The study on the Global Chicory Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Chicory Market industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Chicory Market industry. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties The Chicory Market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic.
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Chicory Market Segment Analysis
For the purpose of this report, Emergen Research has segmented the global chicory market on the basis of type, plant-part, distribution channel, application, and region:
· Type Outlook (Revenue, USD Million; 2019-2032)
- Chicory Instant Powder
- Roasted Chicory
- Chicory Inulin
- Chicory Flour
- Others
· Plant-part Outlook (Revenue, USD Million; 2019-2032)
- Root
- Leaf
- Other Parts
· Distribution Channel Outlook (Revenue, USD Million; 2019-2032)
- Supermarkets/Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Retailers
· Application Outlook (Revenue, USD Million; 2019-2032)
- Food Beverages (FB)
- Dietary Supplements
- Healthcare Medicine
- Cosmetics Personal care
- Animal Feed
- Others
Regional Analysis of the Chicory Market :
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Report:
- Analysis and estimation of the Chicory Market size and share for the projected period of 2022-2030
- Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
- Strategic recommendations to help readers formulate lucrative business strategies
- Identification of the emerging players and their tactical approaches to expand market presence
- An extensive study of the product portfolios of the major market players and their regional presence
- Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Chicory Market
- Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
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