A research study by Transparency Market Research, titled, “Chicory Market – Global Industry Analysis, Size, Growth, Trends, and Forecast 2017–2025,” discusses the market for the perennial herbaceous plant which belongs to the dandelion family. It is used for making salads and its roots are used as a substitute for coffee.
There are numerous unique perceived benefits of chicory that is driving their sales. Foremost among them is their health benefits such as lessening of arthritis pain, thwarting of bacterial infections, prevention of heartburn, reducing digestive issues, detoxification of the gallbladder and liver, and lessening of pain caused by arthritis. Besides, the root of chicory which is used as an healthy alternative to coffee since it does not contain coffee, is also a natural probiotic source. It is useful for overweight and obese people too since it brings about weight reduction. Overall, chicory is a good source of minerals, folic acids, vitamins, magnesium, and potassium. Such advantages are also boosting their uptake.
The market for chicory has expanded all over the globe owing to regional integration and free trade agreements. This has brought about integration of supply chain, resulting in boosting of trade activities between countries. Modern retail formats, mushrooming specialty stores and food courts too are boosting the market. Growing number of supermarkets and hypermarkets and malls are serving to increase the visibility and subsequently sales of the product as well.
Apart from the aforementioned, surging demand for healthy beverages is upping demand for chicory. Those beverages include health drinks and also bars that have natural ingredients. This is because chicory is a rich source of vitamin C, vitamin B, inulin, fructose, organic acids, carotene, magnesium, tannins, potassium, and sodium.
Some of prominent chicory products available in the market are instant chicory, chicory flour, roasted chicory, and chicory extracts. They find usage in the food and beverage, dietary supplements, and healthcare industries mostly. They find application in adding texture and fiber to yogurt, chocolate bar, ice cream, salad dressing, breakfast bar, and margarines. They enable treating liver and gallbladder disorders, constipation, hypertension, and even cancer. Roasted chicory root is a poplar substitute for coffee which is caffeine free. Chicory inulin helps in regulating the body sugar levels and reduces the inflammation in body.
From a geographical standpoint, Europe at present accounts for a dominant share in the global market for chicory. This is because it is both the largest producer and consumer of the product. North America is another key market which is expected to witness speedy growth in the near future. Besides, Asia Pacific, with its large consumer base, mushrooming retail outlets, and growing awareness about the benefits of the wonder food, will also see its market rise at a healthy clip.
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Some of the key players operating in the global market for chicory that have been profiled in the report are Starwest Botanicals Inc, Narasus Coffee Company, Leroux, Chicobel Pvt Ltd, Prewett’s Health Foods, and Pioneer Chicory.