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The Chicory Ingredients Market has witnessed significant trends and shifts in recent times, reflecting the evolving consumer preferences and the broader dynamics of the food and beverage industry. One of the prominent trends driving this market is the growing demand for natural and plant-based ingredients. As consumers increasingly prioritize health and wellness, chicory ingredients, derived from the chicory plant, have gained traction due to their perceived health benefits. Chicory is known for its rich inulin content, a prebiotic fiber that promotes digestive health and supports a balanced gut microbiome. This aligns with the rising interest in functional foods, where consumers seek products that not only satisfy their taste buds but also contribute positively to their overall well-being.
Another key market trend is the expanding application of chicory ingredients in various food and beverage products. Traditionally used as a coffee substitute or additive, chicory is now finding its way into a diverse range of products. From baked goods to dairy alternatives, manufacturers are incorporating chicory ingredients to enhance the nutritional profile of their offerings. The versatility of chicory allows it to be used as a flavoring agent, a source of dietary fiber, and even as a natural sweetener. This adaptability has fueled its integration into an array of products, catering to different consumer segments and preferences.
Furthermore, the Chicory Ingredients Market is experiencing a surge in demand driven by the increasing awareness of sustainability and environmental concerns. Chicory is a hardy plant that can thrive in various climates with minimal environmental impact. As sustainability becomes a focal point for consumers and businesses alike, chicory ingredients present an attractive option for those looking to make eco-conscious choices. This aligns with the broader movement towards plant-based and sustainable diets, where consumers seek alternatives that are not only healthy but also environmentally friendly.
The global market for chicory ingredients is also influenced by the growing interest in clean-label products. Consumers are becoming more discerning about the ingredients in their food and are inclined towards products with simple, recognizable components. Chicory, being a natural plant-derived ingredient, fits well into the clean-label trend. Its association with traditional and natural elements resonates with consumers seeking transparency in the products they consume. As a result, food and beverage manufacturers are increasingly incorporating chicory ingredients to align with this demand for clean, simple, and transparent labels.
Chicory Ingredients Market Highlights:
Global Chicory Ingredients Market Scenario
Chicory Ingredients Market size is anticipated to reach at a USD 298.2 Million with 5.2% CAGR by 2024 To 2032. 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
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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