15th November, 2018- 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.
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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.
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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Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Chicory in these regions, from 2013 to 2025 (forecast), covering
• North America
• Southeast Asia
Global Chicory market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• PMV Nutrient Products
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Chicory Flour
• Roasted Chicory
• Chicory Inulin
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
• Beverage Industry
• Food Industry
• Health Care Products and Medicines