Global Chicory Oil Market Overview:
It is said that prophets who used chicory seeds - also known as Nigella Sativa seeds - as a blessing herb proclaimed that it could cure anything but death. That's certainly a big claim, but its multitude of powerful therapeutic properties suggests that there may be some truth after all. It's high in tannins, flavonoids, essential fatty acids, essential amino acids, ascorbic acid, iron, calcium, and more, and is a powerful natural antimicrobial, antioxidant, sunscreen, and even hair growth promoter. Chicory seed oil increases the hair's ability to retain moisture and can help transform dull, lifeless, brittle hair into a soft, supple, shiny mane (even after chemical and heat damage). It has been found that the fatty acids in chicory seed oil are key molecules for the process of cell regeneration as well as for maintaining the elasticity of the skin. Its high omega-6 content has been shown to reduce the transcutaneous loss of hydration by improving moisture levels. Moisture is trapped in the strands so that it doesn't evaporate. The more moisture each strand can hold, the more flexible it is and the less likely it is to break. The moisture also creates shine and shine.
- Increasing Awareness Regarding the Health Benefit of Chicory
- Increasing Disposable Income and Rising Preference for Eating Healthy
- A Rise in Food Court and Specialty Stores in Malls which Contain Chicory Extracts
- Increased Dietary Fiber Intake, and Maintain Healthy Weight
- Growing Usage of Chicory Oils in Cosmetic and Skin Care Products
- Lack of Awareness among Consumers and Rare Availability of Chicory Plants in Developing Nations
- Exposure to Chicory Root in Processing may Cause Skin Irritation
- Adoption of Chicory inulin Extract and Prebiotics Substance
- Issues Related to the Side Effects of Chicory Plants
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are BENEO GmbH (Germany), Cosucra (Belgium), Sensus (Netherlands), Leroux (France), PMV Nutrient Products Pvt. Ltd. (India) and Farmvilla Food Industries Pvt. Ltd. (India). Analyst at AMA Research see European Vendors to retain maximum share of Global Chicory Oil market by 2026. Considering Market by Capacity, the sub-segment i.e. 120 ml will boost the Chicory Oil market. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Chicory Oil market. Considering Market by Parts Used, the sub-segment i.e. Root will boost the Chicory Oil market.
On 3rd March 2020, BENEO, which is one of the leading manufacturers of functional ingredients, had announced a significant expansion for its chicory root production facility in Chile by 2022, which was being funded by an investment of more than 50 million euros.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Chicory Oil market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Chicory Oil market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Providers of Chicory Oil, Potential Investors, Market Research Firms, Regulatory Bodies, End-Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.