(MENAFN- Ameliorate Digital Consultancy) The global chicory root fiber market is valued at US$ 152.17 million in 2023, with a CAGR of 5.2% expected to reach US$ 252.63 million by the end of 2033.Chicory root fiber is a soluble dietary fiber that is ingested. Chicory root fiber consumption is associated with benefits such as better bone health and body weight management through promoting calcium absorption in the body. It is commonly used as a sugar and fat substitute, and it enhances the flavor of various culinary products.
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Chicory root fiber is made up of inulin and is obtained from a plant in the dandelion family. It has been related to better intestinal health and blood sugar control. Chicory root is widely used as a dietary addition and supplement, and it is also utilized as a coffee alternative. Chicory root fibers are becoming more popular as a coffee substitute due to their comparable color and taste.
Chicory root fibers have been utilized in traditional medicine and cuisine for generations. Chicory root fibers are utilized in the pharmaceutical industry to make syrup and tablets, which is expected to increase their demand over the next decade.
Competitive Landscape:
To attract more customers, prominent makers of chicory root fibers are investing in more user-friendly goods. They are implementing a variety of tactics to increase product standards, maintain supply chain management systems, and ensure product quality, among other things. The development of some sophisticated manufacturing techniques is expected to generate attractive prospects for market participants over the next decade.
Key Players:
COSUCRA Delecto Foods Private Limited Cargill Incorporated Beneo-Orafti SA The Tierra Group Fenchem, Inc. SHAANXI SCIPHAR NATURAL PRODUCTS CO., LTD Jarrow Formulas Wuxi Cima Science Co. Ltd. Ciranda, Inc. Sensus B.V.
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Regional Analysis:
Chicory root fiber sales in the United States are expected to grow at a CAGR of 6.9%, reaching US$ 54.32 million by the end of 2033.
The rising demand for clean-label products in the United States is expected to boost use of chicory root fibers. Furthermore, an increased proclivity among Americans toward health consciousness is raising demand for chicory root fibers, as they prefer to consume fiber-rich food products.
Demand for chicory root fibers in Germany is expected to grow at a 7.5% CAGR and reach US$ 29.05 million by the end of 2033. The market in the United Kingdom is expected to grow at a 6.9% CAGR and reach US$ 20.46 million by the end of 2033.
Chicory root fiber sales are expected to expand due to rising demand for prebiotics. Furthermore, because of the growing awareness of the health benefits linked with chicory root fibers, the majority of people in these European countries are spending on them. They are working hard to reduce sugar and fat consumption while increasing chicory root fiber consumption.
Key Segments of Industry:
By Form : Powder Capsules Liquid Chewable Tablets
By Application : Food and Beverages Bakery & Confectionery Breakfast Cereals Dairy Frozen Products Pharmaceuticals Nutraceuticals Dietary Supplements Sports and Energy Nutrition
By Distribution Channel : Business to Business Business to Customer Retailers Supermarkets Hypermarkets e-Commerce
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