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 analysis of the micro markets with regards to the growth trends in each category makes the overall study interesting. When studying the micro markets, the researchers also dig deep into their future prospect and contribution to the Chicory industry. The report on global Chicory market is intended to offer business owners, stakeholders and field marketing executives a broad overview of the business they should be focusing on for the estimated period.
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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.
The leading market contenders listed in the 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., and H&C GROUP OF COMPANIES
Research Report on the Chicory Market Addresses the Following Key Questions:
- Who are the dominant players of the Chicory market?
- Which regional market is anticipated to have a high growth rate over the projected period?
- What consumer trends and demands are expected to influence the operations of the market players in the Chicory market?
- What are the key growth drivers and restraining factors of the Chicory market?
- What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
- What is the overall impact of the COVID-19 pandemic on the Chicory market and its key segments?
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Emergen Research has segmented the global Chicory market on the basis of type, type of care, and region
Segments Covered in this report are:
-
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
In conclusion, the Chicory Market report is an exhaustive database that will help readers formulate lucrative strategies. The Chicory Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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