Chicory Market

The global Chicory market was valued at 572.38 Million USD in 2021 and will grow with a CAGR of 5.82% from 2021 to 2027.
The prime objective of Chicory Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Chicory Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Chicory (Chicorium intybus) is a somewhat woody, perennial herbaceous plant of the dandelion family usually with bright blue flowers, rarely white or pink. It can be found throughout all parts of Africa, Europe, and other temperate regions of the world. Chicory root is commonly processed for food and beverage industry. The leaves of the chicory plant are also in demand in markets around the world; the leaves are used in the preparation of salads and eaten raw as greens. In Chicory Market , statistics are related to commercial processing products of chicory root, including chicory flour, roasted chicory, liquid chicory, and instant chicory. Chicory industry is concentrated highly. Currently, there are many chicory products producing companies in the world chicory industry. The main market players are Beneo, Cosucra, Sensus and Leroux. These four companies occupied 85.02% of the global production. The production of chicory will increase to 114410 MT in 2017 from 80181 MT in 2012 with average growth rate of 7.37%. Europe is the largest production region with rich raw material source.
By Market Verdors:

• Beneo
• Cosucra
• Xylem Inc
• Leroux
• Violf
• PMV Nutrient Products
• FARMVILLA

By Types:

• Chicory Flour
• Roasted Chicory
• Chicory Inulin

By Applications:

• Beverage Industry
• Food Industry
• Health Care Products and Medicines

Key Indicators Analysed

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

• To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the market.
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