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There has been a rise in the demand for tasty and nutritious food products owing to the rising health awareness among consumers. Being a popular source of dietary fibre, chicory root fibre is added to a variety of products, including cereals, baked goods, and confectionery products, breakfast bars, and fibre supplements, among others. The increasing prevalence of lifestyle-related health disorders like diabetes and obesity is resulting in increased demand for food products with low sugar and fat content, which, in turn, is driving the demand for chicory root fibre. People with diabetes can benefit from chicory root as it is as sweet as sugar, but it is a zero on the glycemic index. It contains lower calories and helps to replace fat and sugar while enhancing the taste of the food products. Based on nature, the demand for organically sourced chicory root fibre is expected to witness a healthy growth in the forecast period.
Chicory plant is native to North Africa, western Asia, and Europe and has now become widely naturalised in regions like North America, China, and Australia, among others. Beneo GmbH, one of the key players in the industry, sells Orafti® Inulin, which is naturally sourced from chicory root fibre. The manufacturers of chicory root fibre are keen on expanding their distribution channels. Over the forecast period, the easy availability of chicory root fibre based products through retail channels like Walmart Inc (NYSE: WMT) and Amazon.com, Inc. (NASDAQ: AMZN) is expected to significantly contribute to the industry growth.
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The major players in the global chicory root fibre market are Cargill Incorporated, Royal Cosun Group, Beneo GmbH, and Xi'an Rainbow Biotech Co.,Ltd, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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