Global Chicory Market by Application (Food & Beverages, Dietary Supplement), by Product (Chicory Leaf, Chicory Root) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global Chicory market was valued at USD 220.6 Million in 2018. It is forecast to grow at a 4.2% CAGR during the forecast period. The key driver of growth is increasing awareness about the health benefits of chicory. Chicory can be used to treat constipation, low appetite, gallbladder disorders and cancer, among other conditions. In cases of inflammation and swelling, the chicory paste can be applied directly to the skin. The health benefits of the paste are not only important, but also the potential to increase product demand in the food- and beverage industries.

The consumption of chicory is expected to rise in Europe due to rising demand for gluten-free appetizers. Product demand is expected to rise with the introduction of new chicory recipes. Consumption is expected to rise as chicory is used in salads, appetizers, and to replace gluten-containing crackers and other products. To meet rising demand, market players are increasing their storage and operations. Retailers are trying to take advantage of this growth by offering more pre-packaged options to consumers.

Chicory is traditionally grilled in Italy with olive oil, while it's used in American risotto, pizza, and pasta recipes. These diverse uses will bode well for product demand over the coming years. Chicory has many healing properties and encourages healthy microbial flora. The root is rich in natural inulin. Research has shown that sugar can be replaced with root to prevent or lower the risk of developing diabetes. This will create opportunities for growth in the near future.

Product Insights

The market share for Chicory root was 70.4%, and it is expected to grow at the fastest rate during the forecast period. The demand will be fueled by the increasing use of roots as an alternative coffee. Chicory coffee is good for preventing many disorders such as high blood pressure, liver disorders and skin inflammation. It also helps to prevent osteoarthritis and other bone diseases. Coffee is becoming more popular among caffeine-sensitive populations, which will drive demand for the product in the coming years.

From 2019 to 2025, the chicory leaf segment will grow at a 3.5% CAGR. The demand for organic and natural products is increasing due to rising health consciousness. To meet the growing demand, manufacturers focus primarily on natural and organic products. This will fuel the product demand. The product demand is expected to rise in developed countries like the U.S., Germany and the Netherlands because of the potential medicinal benefits.

Application Insights

In 2018, the largest share of chicory sales was held by the food and beverage segment. Chicory is often mixed with coffee or beetroot in developed countries like the U.S., Italy and Germany. This masks the superior taste of coffee. It is mostly consumed as a salad ingredient and as an appetizer or snack in the United States.

There is increasing awareness about the benefits of chicory in the prevention and treatment of chronic diseases like heart disease, hypertension, diabetes and osteoporosis. Brain health is maintained by the presence of important nutrients like B6 and manganese.

Inulin is a natural extract from chicory root. It is an alternative to sugar and can be found in many diet supplements. It's used in yogurts, cheeses, and ice creams. Worldwide demand is increasing for dairy products. Prebiotics are an important ingredient in yogurt and other milk-based products. Yogurt and yogurt beverages are becoming increasingly popular. Inulin is used primarily as a texture modifier and a sugar and fat substitute. Inulin can also be used to improve the nutritional content of foods or beverages in order to increase their dietary fibre content. These factors will drive product demand during the forecast period.

Regional Insights

Europe held the largest market share at 82.2% in 2018, The main drivers of regional growth are increasing health awareness and the consumption of chicory tea. Belgium was responsible for 47.3% global revenue share in 2018. The regional market will be driven by an increase in sugar substitutes over the forecast period.

North America is forecast to grow at 5.2% CAGR over the forecast period. The market is expected to grow due to increased production and increasing awareness about the health benefits of chicory. The U.S. is the largest consumer of chicory, accounting for more than 80% of the North American market in 2018.

Market Share Insights & Key Companies

Global market fragmentation is a major problem. Cargill, Incorporated, is the dominant market player. Wilmar Delecto Foods Pvt Ltd. and Starwest Botanicals are some of the other market players. To meet rising consumer demand, the companies are focusing on organic and non-GMO products.

Chicory Market Report Scope

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country level and offers an analysis of industry trends in each sub-segment from 2015 to 2025. Grand View Research divided the global chicory market report by product, region, and application.

• Product Outlook (Revenue USD Million, 2015-2025)

  • Chicory Root

  • Chicory Leaf

• Application Outlook (Revenue USD Million, 2015-2025)

  • Food & Beverages

  • Supplement for Dietary Needs

  • Other

• Regional Outlook (Revenue USD Million, 2015-2025)

  • North America

    • The U.S.

  • Europe

    • Belgium

    • Netherlands

    • France

  • Asia Pacific

    • Thailand

  • Rest of the World

These are the most frequently asked questions about this report

b. Global chicory market size was USD 229.2 Million in 2019, and is forecast to rise to USD 238.4 Million in 2020.

b. Global chicory markets are expected to expand at a compound annual rate of 4.2% between 2019 and 2025, reaching USD 294.2 million in 2025.

b. Europe was the dominant market for chicory coffee in 2019, with an 82.1% share. This can be attributed to the growing health awareness and increased consumption of chicory coffee from Benelux.

b. Cargill, Incorporated, Wilmar Delecto Foods Pvt Ltd., Starwest Botanicals, Leroux, Pioneer Chicory, Nature's Gold Production, Organic Herb Trading Co., Jamnagar Chicory Industries, STOKROS Company Ltd., FARMVILLA are some of the key players in the chicory industry.

b. Market growth is being driven by rising demand for gluten-free snacks and the introduction of new chicory recipes. Market growth is expected to be boosted by the growing trend towards healthier food.

Up Market Research published a new report titled “Chicory Market research report which is segmented by Application (Food & Beverages, Dietary Supplement), by Product (Chicory Leaf, Chicory Root), By Players/Companies Wilmar Delecto Foods Pvt Ltd, STOKROS Company Ltd, Pioneer Chicory, Leroux, Jamnagar Chicory Industries, Nature’s Gold Production, Incorporated, Organic Herb Trading Co, FARMVILLA, Cargill, Starwest Botanicals”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Chicory Market Report Segments:

The market is segmented by Application (Food & Beverages, Dietary Supplement), by Product (Chicory Leaf, Chicory Root).

Chicory Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Chicory Market

Overview of the regional outlook of the Chicory Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Chicory Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Chicory Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Food & Beverages

                2. Dietary Supplement

                1. Chicory Leaf

                2. Chicory Root

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Chicory Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
• Channel & Customer Management
• Identifying Appropriate Advertising Appeals

Reasons to Purchase the Chicory Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.