Global chicory industry can be classified as North America, Europe, Asia Pacific, and the Rest of the World. Europe held the principal share of the market (82.2%) in 2018. Growing alertness regarding fitness and drinking chicory coffee is the most important motivators for the local market development. Belgium was responsible for a 47.3% share of the global income during 2018. Growing demand for sugar substitutes is expected to motivate the local market during the period of forecast.
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North America is projected to develop by a CAGR of 5.2% during the period of forecast. Growing production together with the increasing alertness about the fitness welfares of the product is estimated to motivate the market. The U.S.A. is one of the biggest customers and was responsible for above 80% share of the market in North America, during 2018.
Companies:
Some of the important companies for the chicory market are FARMVILLE, Violf, Sensus, Beneo, PMV Nutrient Products, Leroux, Cosucra, Jamnagar Chicory Industries, Nature’s Gold Production, Leroux, Wilmar Delecto Foods Pvt. Ltd., STOKROS Company Ltd., Organic Herb Trading Co., Pioneer Chicory, Star west Botanicals and Cargill, and Incorporated.
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