Chicory Market Overview, Cost Structure Analysis, Growth Opportunities and Forecast to 2025

12th October 2018 - Global Chicory Market is expected to grow at a significant CAGR in the upcoming years as the scope, product types and its applications are increasing across the globe. Chicory is a perennial, woody, herbaceous plant that has several medicinal assets such as reducing arthritis pains, detoxifying the gallbladder and liver, reducing anxiety, restoring gut health, preventing heartburn, preventing bacterial infections, digestive problems, and enhancing the immune system.

Additionally, chicory acts as a natural sedative and could prevent kidney stone and balanced and healthy weight could be maintained. The root of chicory plant is crushed into a powder and used as a coffee extract and boiled and consumed with butter, and the leaves of young plant resemble spinach.

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Chicory Market is categorized based on product type, applications, and geography. Chicory Industry is categorized based on product types such as Chicory Flour, Roasted Chicory, Chicory Inulin, Others. Chicory Market is categorized based on application into Beverage Industry, Food industry, Health Care Products and Medicines.

Chicory Market is categorized based on geography into Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe).

Europe has been at the forefront with regards to Chicory Industry and will continue to rule the roost in the years to come. Some of the key players that fuel the growth of the Chicory Market include Fuji Nihon Seito Corporation, Beneo, Gansu Likang Nutritional Foods Co. Ltd, Cosucra, Royal Cosun, Nova green Inc, Qinghai Weide Biotechnology Co., Ltd, The Tierra Group, and Baiyin XIRUI Bioengineering Company. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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