Global Ground Chicory Market 2018-2022

The global ground chicory market size will grow by USD 207.88 million during 2018-2022. This report offers an analysis of the market based on application (beverage, food, and pharmaceutical and nutraceutical) and geography (the Americas, APAC, and EMEA). The ground chicory market research reports further presents in-depth insight on the growth prospects of the market across the globe. The report analyzes the market’s competitive landscape and offers information on several companies including COSUCRA, Leroux, Reily Foods Company, Royal Cosun, and Südzucker.

Below are some of the key findings from the ground chicory market research report

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Global ground chicory industry overview

The growing influence of organized retailing is a major factor driving the market’s growth. Organized retailers have grown worldwide with the establishment of supermarkets, hypermarkets, and specialty stores. Experts within the food and beverages industry have identified that the ready-to-eat packaged food and beverages are primarily sold by large organized retailers, as vendors in the market are highly dependent on large organized retailers.

The increasing influence of online retailing is one of the key emerging trends driving the global ground chicory market. The increasing popularity of e-commerce businesses worldwide has provided vendors with an opportunity to enhance their profit margins and revenues. Online and e-commerce channels support both business-to-consumer (B2C) and business-to-business (B2B) operations. The rise in the number of Internet users and the ready-to-buy attitude of customers are the key factors contributing to the popularity of the online medium. The rising number of online shoppers will further contribute to the growth in the sales of packaged food and beverages like ground chicory products. Customers prefer online shopping as they can make payments using credit or debit cards, which helps them avoid billing queues and time-consuming journeys. Online shopping portals also have enhanced security features, and user-friendly website designs and interfaces for efficient customer service and enhanced product visibility. This trend is encouraging various manufacturers to explore the new online retailing format based on websites and portals, which also helps them cut down their operating expenditure which is lower in the online retailing format as compared to the physical storage format. Such factors will drive the market to grow at a CAGR of nearly 7% during the forecast period.

Top ground chicory companies covered in this market research report

The ground chicory market is moderately fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this ground chicory industry analysis report will aid clients to identify new growth opportunities and design new growth strategies.

The report offers a complete analysis of various companies including:

• COSUCRA          
• Leroux
• Reily Foods Company   
• Royal Cosun     
• Südzucker

Ground chicory market segmentation based on geographic regions

• Americas
• APAC
• EMEA

With a complete study of the growth opportunities for the companies, the EMEA region will account for the highest growth of this market throughout the forecast period. The growing awareness of the health benefits of ground chicory drinks will drive the demand for ground chicory in this region. Also, the increasing number of supermarkets and hypermarkets and food specialist stores will drive the growth of the ground chicory market during the forecast period.

Ground chicory market segmentation based on application

• Beverage
• Food
• Pharmaceutical and nutraceutical

The beverage segment will account for the highest growth in the market. Additionally, the report also provides an accurate prediction of the contribution of the various application segments to the growth of the ground chicory market size.

Key highlights of the global ground chicory market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the ground chicory market during the next five years
• Precise estimation of the global ground chicory market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the ground chicory industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of ground chicory companies

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