Chicory Root Fiber Market

Chicory Root Fiber Market Outlook (2023 to 2033)

The global chicory root fiber market stands at US$ 152.17 million in 2023 and is forecasted to rise at a CAGR of 5.2% and reach a market valuation of US$ 252.63 million by the end of 2033.

Chicory root fiber is consumed as a soluble dietary fiber. Consumption of chicory root fiber is attributed to its benefits such as improved bone health and body weight management by stimulating the absorption of calcium in the body. It is widely consumed as a replacement for sugar and fat and improves the taste of different food products.

• Demand for chicory root fiber in the United States is predicted to expand at a CAGR of 6.9% and reach US$ 54.32 million by the end of 2033.
• Use of chicory root fiber in the food & beverage sector is estimated to register a CAGR of 5.6% and reach a value of US$ 165 million by the end of 2033.
• Sales of chicory root fiber in India are projected to increase at a CAGR of 8.3% and reach US$ 23.24 million by 2033.

Chicory root fiber is composed of inulin and is derived from a plant, which belongs to the family of dandelion. It is linked to improving digestive health and blood sugar control. Chicory root is commonly used as a significant food additive and supplement and is also consumed as a coffee substitute. Due to similar color and taste, the consumption of chicory root fibers is increasing as a coffee alternative.

For centuries, chicory root fibers have been used in conventional medicine and cooking. In the pharmaceutical industry, chicory root fibers are used in the production of syrup and tablets, which is also projected to boost their demand over the coming decade.

Some studies have suggested that chicory root fibers can be consumed to regulate appetite and may decrease the overall intake of calories, thereby leading to weight loss. Inulin and some other compounds that are available in chicory root fibers help to control blood sugar levels, particularly in diabetic patients.

It is easy to add chicory root fibers to our diet and sometimes it is also used as a noteworthy additive in different packaged food products. Chicory root fibers are processed for their inulin and are used due to their slightly sweet flavor and gelling properties.

Fact.MR, a provider of market research and competitive intelligence, in its newly published research report, offers a thorough analysis of various market aspects. The newly published report gives highly analytical insights about growth drivers, new developments, regional analysis, key trends, industry players, key limitations, and many other aspects of the market.

Report Attributes	Details
Chicory Root Fiber Market Size (2023)	US$ 152.17 Million
Projected Market Value (2033)	US$ 252.63 Million
Global Market Growth Rate (2023 to 2033)	5.2% CAGR
China Market Value (2033)	US$ 83.12 Million
Germany Market Growth Rate (2023 to 2033)	7.5% CAGR
Business to Business Segment Value (2033)	US$ 82.4 Million
United States Market Value (2033)	US$ 54.32 Million
Key Companies Profiled	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.

What’s Positively Influencing the Demand for Chicory Root Fiber Globally?

“Rising Demand for Fiber-rich, Clean-label, and Vegan Food Products”

Rising prevalence of numerous digestive disorders is estimated to boost the demand for various fiber-rich food products that are stimulating sales of chicory root fibers. Digestive health is one of the prominent wellness issues. Further, increasing awareness about the beneficial effects of various dietary fibers and prebiotics is estimated to aid market growth opportunities.

Numerous factors, including the rising demand for processed food products, expanding distribution channels, and growing incidences of obesity and diabetes are projected to fuel sales of chicory root fibers over the coming decade. The escalating disposable incomes of many people are resulting in their increased spending capacities that are predicted to positively impact sales of dietary supplements, including chicory root fibers.

In the past few years, increased preference for clean labeled products along with rising adoption of veganism are forecasted to have positive impacts on market growth. Furthermore, increased investments by key players in product launches to meet the rising consumer demand are also predicted to drive market growth.

“Rising Consumption of Energy Bars and Supplementary Products”

Many people are using energy bars and supplementary products owing to rising health consciousness that is further predicted to drive lucrative opportunities for industry players. Health-conscious people from developed countries are emphasizing reducing dietary intake of sugar and fat. Furthermore, the increasing trend to consume healthy food products is estimated to widen the horizon for market players over the coming 10 years.

How is Demand Growth for Chicory Root Fiber Being Restrained to Some Extent?

“Possibility of Adverse Health Impacts Due to Excessive Consumption”

Chicory root fiber is predicted to cause stomach illness. If consumed in excess, it can cause bloating, diarrhea, and acidity. Moreover, some people who are allergic to certain food products are advised by their respective healthcare experts to avoid such products. Therefore, these situations are predicted to adversely impact the demand for chicory root fibers over the coming decade.

How are New Companies Making a Mark in This Competitive Space?

“Ensuring Availability of Chicory Root Fiber in Various Attractive Forms and Packaging Types”

Start-ups are anticipated to spend on R&D activities to improve the quality of chicory root fibers. They are offering chicory root fibers in various forms and attractive packaging. Moreover, the use of chicory root inulin in convenience food products at an increased rate is also projected to open up lucrative opportunities for new players.

Country-wise Insights

Why are Sales of Chicory Root Fiber Rising Swiftly in the United States?

“Rising Demand for Clean-label Products across the Country”

Sales of chicory root fibers in the United States market are anticipated to expand at a CAGR of 6.9% and reach US$ 54.32 million by the end of 2033.

Rising demand for clean-label products in the United States is predicted to positively impact the consumption of chicory root fibers. In addition, an increasing inclination of several Americans toward health consciousness is also bolstering demand for chicory root fibers as they prefer to consume fiber-rich food products.

How is the Market for Chicory Root Fiber Faring in Germany and the United Kingdom?

“Increasing Emphasis on Reduced Consumption of Fat and Sugar”

Demand for chicory root fibers in Germany is estimated to expand at a CAGR of 7.5% and reach a valuation of US$ 29.05 million by the end of 2033. The United Kingdom market is predicted to advance at a CAGR of 6.9% and reach US$ 20.46 million by the end of 2033.

Rising demand for prebiotics is estimated to increase sales of chicory root fibers. In addition, the majority of people from these European countries are spending on chicory root fibers due to the rising awareness of the health benefits associated with them. They are putting efforts to reduce sugar and fat intake and increase chicory root fiber consumption.

Category-wise Insights

Why is Usage of Chicory Root Fiber Increasing in the Food & Beverage Industry?

“Growing Demand for Various Plant-based Ingredients in Food Products”

Demand for chicory root fibers in the food & beverage industry is estimated to expand at a CAGR of 5.6% and reach a valuation of US$ 165 million by the end of 2033. Increasing demand for various plant-based ingredients in different food products is predicted to boost sales of chicory root fibers.

The rising consumption of numerous types of functional foods due to the growing health awareness among people is predicted to propel the demand for chicory root fibers in the food and beverages industry.

Which Distribution Channel is Projected to Account for High Profits for Market Players?

“Minimal Cost on Marketing and Higher Order Value through B2B Distribution Channels”

The business to business distribution channel is prominently used for the supply of chicory root fibers globally. Sales of chicory root fibers through these channels are predicted to advance at a CAGR of 6.7% and reach US$ 82.4 million by the end of 2033.

Manufacturers of chicory root fiber need to invest a minimal amount in promotional activities. Lower consumer acquisition costs and higher order volume and value through B2B channels stimulate suppliers to opt for this distribution platform over other channels.

Key Market Players

Prominent manufacturers of chicory root fibers are investing to offer more user-friendly products to attract more consumers. They are incorporating numerous strategies to improve product standards, maintain supply chain management systems, ensure product quality, etc. The development of some advanced production techniques is estimated to provide lucrative opportunities for market players over the coming decade.

Leading companies in the chicory root fiber market are COSUCRA, Cargill Incorporated, Jarrow Formulas, The Tierra Group, Beneo-Orafti SA, Sensus B.V., Delecto Foods Private Limited, Fenchem, Inc., SHAANXI SCIPHAR NATURAL PRODUCTS CO., LTD, Ciranda, Inc., and Wuxi Cima Science Co. Ltd.

Segmentation of Chicory Root Fiber Industry Research

• 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

• By Region :

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa