Chicory Ingredients Market Research Report – Global Forecast till 2027

Chicory Ingredients Market Research Report: Information by Type (Leaves, Root, Flowers, and Seeds), Category (Organic, Conventional), Distribution Channel (Store-Based and Non-Store-Based), Region (North America, Europe, Asia-Pacific, RoW) – Global Forecast 2027

ID: MRFR/F-B & N/5936-HCR | November 2022 | Region: Global | 90 Pages         

Chicory Ingredients Market

Chicory Ingredients Market Size was valued at is projected 298.2 Million to reach by 2027 at a CAGR of 7.6% from 2021 to 2027.

Segmentation

By Type Leaves Root Flowers Seeds
By Category Organic Conventional
By Distribution Channel Store-Based Non-Store-Based
By Region North America Europe Asia-Pacific Row

Key Players

  • BENEO-Palatinit GmbH (Germany)
  • Cosucra Groupe Warcoing SA (Belgium)
  • Coöperatie Koninklijke Cosun U.A. (Netherlands)
  • Baiyin Xirui Biological Engineering Co. Ltd. (China)
  • Gansu Likang Nutritional Foods Co
  • LTD (China)
  • The Tierra Group (US)
  • The Qinghai Weide Biotechnology Co. Ltd. (China)
  • Fuji Nihon Seito Corporation (Japan)
  • Novagreen Inc. (Canada)
  • PMV Nutrient Products Pvt.Ltd. (India)

Drivers

  • Enhance Immunity And Feed Efficiency
  • Important Protective Sources For Hepatocytes And Liver Cells
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Market Scenario


Chicory Ingredients is witnessing a high growth in the market due increasing adoption of chicory in industries such as food & beverage, pharmaceutical and dietary supplement. It is also cultivated as a forage plant for animal feed. In addition, chicory plays a role as antioxidant, anti-inflammatory, sedative, cardiovascular, hypolipidemic, anticancer, anti-protozoal, anthelmintic, gastro-protective, analgesic, antidiabetic, antimicrobial. Thus, due to these properties, chicory ingredients are gaining popularity.


The market players are focusing on their R&D activities to launch new and innovative products containing chicory ingredients, as there is an increasing demand for natural and prebiotic ingredients in the market. In addition to this, chicory extract helps in reducing the levels of hepatic enzymes in human body including aspartate aminotransferase (AST), alanine aminotransferase (ALT), and alkaline phosphatase (ALP). Moreover, chicory ingredients are considered as an important protective source for hepatocytes and liver cells as well as it is used as prebiotic against both vivo and in vitro species of pathogenic bacteria. Also, it enhances immunity and feed efficiency by decreasing pathogenic microorganisms of gastrointestinal tract. Thus, owing to these factors the chicory ingredients market is expected to witness high growth in the future.


Segmentation


The global chicory ingredients market has been segmented based on type, category, application, and region.


By type, the global market has been classified as leaves, root, flowers, and seeds.


Based on category, the global chicory ingredients market has been classified as organic, and conventional.


On the basis of application, the global chicory ingredients industry has been divided into food & beverages, pharmaceuticals, dietary supplements, and others. Food & beverage segment is further divided into bakery & confectioneries, dairy & frozen desserts, beverages, and others.


The global chicory ingredients market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.


The North American chicory ingredients market has further been segmented into the US, Canada, and Mexico. The European chicory ingredients market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The chicory ingredients industry in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The chicory ingredients market in the rest of the world has been segmented into South America, the Middle East, and Africa.


Regional Market Summary


Global Chicory Ingredients Market Share (%), by Region, 2017


  Chicory Ingredients Market


Type: Secondary Types and MRFR Analysis


Europe is expected to dominate the chicory ingredients market during the forecast period. The region’s dominance can be attributed to various factors such as the presence of several market players, increasing usage of chicory in various industries. Chicory ingredients provides several health benefits, which leads to its usage in maintaining bone health, help cleanse the blood and improves liver health. Increasing usage of chicory ingredients in cooking, pharmaceuticals, and dietary supplements by consumers in Asia-Pacific is expected to render a significant share of the market to Asia-Pacific during the upcoming years. However, North America is anticipated to register the highest CAGR due higher inclination of food & beverages industry for using chicory in various products, due to the presence of prebiotic fibre known as inulin.


Global Market, by Type



  • Leaves

  • Root

  • Flowers

  • Seeds


Global Market, by Category



  • Organic

  • Conventional


Global Market, by Application



  • Food & Beverage


    • Bakery & Confectionary

    • Dairy & Frozen Desserts

    • Beverages

    • Others


  • Pharmaceuticals

  • Dietary Supplements

  • Others


Global Market, by Region



  • North America

    • US

    • Canada

    • Mexico



  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Europe



  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia and New Zealand

    • Rest of Asia-Pacific



  • Rest of the World (RoW)

    • South America

    • Middle East

    • Africa




Key Players in the Global Market



  • BENEO-Palatinit GmbH (Germany)

  • Cosucra Groupe Warcoing SA (Belgium)

  • Coöperatie Koninklijke Cosun U.A. (Netherlands)

  • Baiyin Xirui Biological Engineering Co., Ltd. (China)

  • Gansu Likang Nutritional Foods Co, LTD (China)

  • The Tierra Group (US)

  • The Qinghai Weide Biotechnology Co., Ltd. (China)

  • Fuji Nihon Seito Corporation (Japan)

  • Novagreen Inc. (Canada)

  • PMV Nutrient Products Pvt. Ltd. (India)


Intended Audience



  • Chicory Ingredients producers/processors

  • Food & beverage manufacturers

  • Pharmaceuticals manufacturers

  • Raw material suppliers and distributors

  • Traders, exporters, and importers



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