Chicory Market Progressing At A CAGR Of 4.2% For The Forecast Period From 2019 To 2025 : Grand View Research Inc.
San Francisco, 15 October 2019: The Report Chicory Market Size, Share & Trends Analysis Report By Product (Chicory Root, Chicory Leaf), By Application (Food & Beverages, Dietary Supplement) By Region, And Segment Forecasts, 2019 – 2025 The global chicory market size is anticipated to reach USD 294.2 million by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 4.2% during the forecast period. Increasing awareness regarding the medicinal value of chicory is the main factor driving the growth. The chicory root product segment accounted for more than 65% market share in 2018. Roots are a rich source of inulin and nutrients essential for brain health. Ground and roasted roots are used as an alternative to coffee. Chicory root powder is used in baked goods and other food products as an alternative to sugar and fat, as well as, as a texturizer. As a result, the market is anticipated to witness significant rise in demand over