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The global chicory market was valued at USD 739.61 million in 2022, increasing at a CAGR of 6.53% from 2022 to 2030 and anticipated to reach USD 1226.81 million by 2030. Europe is expected to grow the fastest during the forecast period. Furthermore, during the COVID-19 epidemic, the intake of ready-to-drink and ready-to-mix drinks has increased dramatically. The most famous examples are juices, coffee, and flavoured milk. The work-from-home (WFH) culture grew in popularity due to curfews and lockdowns. This resulted in raised household consumption of coffee. The amount of chicory initially added to coffee powder has risen to cater to the augmented demand for coffee. Hence, the industry has seen an increase during the forecast period. Additionally, due to the increasing prices of coffee, most people were noticed switching towards chicory coffee powders during the COVID-19 epidemic.
Chicory is also a rich source of beta-carotene. Chicory root has a mild laxative effect and decreases swelling. Chicory is primarily used for its health advantages and application in the food and beverage industry. Chicory can be used for the treatment of constipation, loss of appetite, arthritis pain, high blood pressure, gallbladder disorders, cancer, and other health conditions. Chicory has also gained immense popularity in animal feed additives as a prebiotic ingredient and a substitute for antibiotics to promote health and prevent illness. Chicory root extract & chicory seed are safe when used as medicine, short-term. Chicory is used for constipation, loss of appetite, upset stomach, liver and gallbladder disorders, cancer, and rapid heartbeat. Chicory is also a "tonic" to protect the liver, increase urine production, and balance coffee's stimulant effect. In foods, chicory leaves are usually eaten like celery, and the roots & leaf buds are eaten and boiled. Coffee mixes usually contain ground chicory to enhance the richness of the coffee.
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For example, in May 2021, Cosucra Groupe Warcoing S.A., a Belgian group, launched its chicory root ingredients under the names Swelite, Fibruline, Pisane, Nastar- the key pea component brands offered by the firm.
Drivers:
The rising demand for gluten-free appetizers: The increasing prevalence of celiac disease and other diseases due to unhealthy lifestyles drives the demand for gluten-free products. Moreover, the growing incidence of Irritable Bowel Syndrome (IBS) & celiac diseases is also helping to boost the demand for gluten-free products across developing and developed countries. However, the rising demand for gluten-free starters is expected to raise their ingestion in Europe. An overview of innovative chicory formulas is anticipated to boost the demand for the product. Rising consumption of it in appetizers, salads and, by the way, as a substitute to gluten and crackers incorporating products is anticipated to motivate its ingestion. Further, the growing use of gluten-free appetizers is increasing in food & beverage products and nutritional supplements due to the health & dietary benefits, which in turn increases the demand for the market. However, the increasing adoption of chicory for medicinal purposes, rising demand for healthy beverages worldwide, and increasing application of chicory in the cosmetic industry stimulate market growth during the forecast period.
Restraints:
The greater dependency on mainstream products like coffee, tea, etc.: Besides having characteristic flavour, coffee is also involved in rituals, emotions and memories of people worldwide. Hence, people need help to replace it with any other beverage. With time, coffee customers associated coffee consumption with enhancing energy, brain function, positive mood and improved memory. Similarly, black tea is believed to help in mental and physical robustness. As a result of increased demand, tea and coffee are cultivated and processed at a greater rate in many countries. Hence, these reasons restrain the growth of the chicory market in the world. Also, the stringent government regulation is hampering the market growth. Further, the food & beverage industry is highly regulated, and market vendors must comply with every market regulation. A sudden change in any government regulation associated with the market can significantly impact the operations of the market vendors. Thus, this factor is hindering market growth.
Opportunities:
The technological advancements and developments of improved systems: The rising demand for supplementary products & energy bars due to health consciousness is the opportunity factor for market growth. Also, the technology of inulin extraction from chicory roots is equivalent to saccharose extraction from sugar beets. Further, the increasing awareness regarding the nutritional value of chicory among customers in developed countries is propelling the market growth during the forecast period. However, chicory has also gained massive popularity in animal feed additives as a prebiotic ingredient & a substitute for antibiotics to promote health & prevent illness. Health-conscious customers opting for meat products with low additives and antibiotics are anticipated to indirectly impact the consumption of chicory in making animal feed additives.
Regional segmentation analysis:
The regions analyzed for the market include Europe, South America, Asia Pacific, North America, the Middle East, and Africa. The Asia Pacific emerged as the largest global chicory market, with a 39.47% share of the market revenue in 2022. The Asia Pacific dominates the chicory market due to consumers' increasing preference for healthy food supplements. Additionally, the high inclination of Asian customers towards natural & herbal products and remedies for treating ailments is also helping to boost the market growth. Furthermore, the rising popularity of probiotic products among individuals, the increasing number of new entrants, the growing number of retail outlets, and the large customer base are stimulating market growth in this region. Europe is expected to grow the fastest during the forecast period due to increasing production and rising awareness about the product's health benefits. Also, the raised demand for clean-label foods, the growing popularity of plant-based foods, and the large quantity production & consumption of chicory across the region are helping to boost the market growth during the forecast period.
Asia-Pacific Region Chicory Market Share in 2022 - 39.47%
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Form segment analysis
The form segment is divided into liquid, cubes, powder, and others. The powder segment dominated, with a market share of around 32.16% in 2022. This growth is attributed to various application industries, such as food and beverages. Also, the other forms have comparatively limited usage and are offered by very few participants in the market.
Type segment analysis
The type segment is divided into flour, roasted, instant powder, extracts, and others. In 2022, the instant powder segment dominated the market with the largest market share of 28.18% and market revenue of 208.42 million. This growth is attributed to the widespread acceptability and availability of instant powder across the globe. Further, by 2030, the roasted segment will likely dominate the market due to the increasing demand for tea & coffee worldwide. Moreover, roasted chicory is a coffee substitute made from the roasted and ground roots of multiple plants, including dandelion. Roasted chicory is a good source of caffeine. It reduces the risk of gallstones, respiratory problems, heart diseases, and rheumatism. Roasted chicory has a highly bitter flavour that some people find pleasant sufficiently to drink without cream or sugar. Roasted chicory is roasted, and ground B. Capra or B. tunica root includes no caffeine, making it different from other caffeinated products like coffee beans.
Plant-part segment analysis
The plant-part segment is divided into root, leaf, and others. In 2022, the root segment dominated the market with the largest market share of 43.09% and market revenue of 318.69 million. This growth is attributed to the raised demand for chicory root fibre in the food and beverage industry. Further, chicory root fibre is derived from a plant that belongs to the dandelion family and is mainly composed of inulin. Chicory root has been utilized for centuries for culinary & medicinal purposes and is considered safe for most people. Chicory root is a high-fibre, low-calorie food that is also low in fat. Chicory root also includes vitamin B6 & manganese, which both play a role in brain health.
Application segment analysis
The application segment is divided into dietary supplements, food & beverages, cosmetics & personal care, and feed & pet food. In 2022, the food & beverage segment dominated the market, accounting for around 34.12% of global revenue. This growth is attributed to the increased use of chicory extract as a prebiotic ingredient in dairy-based products. Further, by 2030, the dietary supplements segment will likely dominate the market due to the ever-increasing consumption of chicory daily as a prevention against diseases.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Million) |
| Market size value in 2022 | USD 739.61 Million |
| Market size value in 2030 | USD 1226.81 Million |
| CAGR (2022 to 2030) | 6.53% |
| Historical data | 2019-2020 |
| Base Year | 2021 |
| Forecast | 2022-2030 |
| Segments | Key Segments are form, type, plant-part, application, and regions |
| Regional Segments | The key regions are North America, Europe, South America, Asia Pacific, and Middle East & Africa. |
Asia Pacific region emerged as the largest market for the chicory.
The market's growth will be influenced by the growing prices of coffee powder.
The health risks associated with excessive consumption of chicory could hamper the market growth.
The technological advancements and developments of improved systems will provide huge opportunities to the market.
Key players are Wilmar Delecto Foods Pvt Ltd, Cargill Incorporated, Pioneer Chicory, Starwest Botanicals, Leroux, Organic Herb Trading Co., Nature’s Gold Production, Jamnagar Chicory Industries, STOKROS Company Ltd, FARMVILLE, and among others.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Form
4.3.2. Market Attractiveness Analysis By Type
4.3.3. Market Attractiveness Analysis By Plant-Part
4.3.4. Market Attractiveness Analysis By Application
4.3.5. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The increasing usage of chicory in various industries
5.2.2. The rising demand for natural ingredients and products
5.2.3. The growing demand for sugar alternatives
5.2.4. The increasing demand for chicory inulin
5.3. Restraints
5.3.1. The lack of consumer awareness
5.3.2. The health risks associated with excessive consumption of chicory
5.4. Opportunities
5.4.1. The technological advancements and developments of improved systems
5.4.2. The growth in applications of chicory across various industries
6. Global Chicory Market Analysis and Forecast, By Form
6.1. Segment Overview
6.2. Liquid
6.3. Cubes
6.4. Powder
6.5. Others
7. Global Chicory Market Analysis and Forecast, By Type
7.1. Segment Overview
7.2. Flour
7.3. Roasted
7.4. Instant Powder
7.5. Extracts
7.6. Others
8. Global Chicory Market Analysis and Forecast, By Plant-Part
8.1. Segment Overview
8.2. Root
8.3. Leaf
8.4. Others
9. Global Chicory Market Analysis and Forecast, By Application
9.1. Segment Overview
9.2. Dietary Supplements
9.3. Food & Beverages
9.4. Cosmetics & Personal Care
9.5. Feed & Pet Food
10. Global Chicory Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Chicory Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in Global Chicory Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Product Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. Wilmar Delecto Foods Pvt Ltd
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Product Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. Cargill Incorporated
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Product Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. Pioneer Chicory
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Product Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. Starwest Botanicals
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Product Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. Leroux
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Product Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. Organic Herb Trading Co.
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Product Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. Nature’s Gold Production
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Product Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. Jamnagar Chicory Industries
12.8.1. Business Overview
12.8.2. Company Snapshot
12.8.3. Company Market Share Analysis
12.8.4. Company Product Portfolio
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. STOKROS Company Ltd
12.9.1. Business Overview
12.9.2. Company Snapshot
12.9.3. Company Market Share Analysis
12.9.4. Company Product Portfolio
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. FARMVILLE
12.10.1. Business Overview
12.10.2. Company Snapshot
12.10.3. Company Market Share Analysis
12.10.4. Company Product Portfolio
12.10.5. Recent Developments
12.10.6. SWOT Analysis
List of Table
1. Global Chicory Market, By Form, 2019-2030 (USD Million)
2. Global Liquid, Chicory Market, By Region, 2019-2030 (USD Million)
3. Global Cubes, Chicory Market, By Region, 2019-2030 (USD Million)
4. Global Powder, Chicory Market, By Region, 2019-2030 (USD Million)
5. Global Others, Chicory Market, By Region, 2019-2030 (USD Million)
6. Global Chicory Market, By Type, 2019-2030 (USD Million)
7. Global Flour, Chicory Market, By Region, 2019-2030 (USD Million)
8. Global Roasted, Chicory Market, By Region, 2019-2030 (USD Million)
9. Global Instant Powder, Chicory Market, By Region, 2019-2030 (USD Million)
10. Global Extracts, Chicory Market, By Region, 2019-2030 (USD Million)
11. Global Others, Chicory Market, By Region, 2019-2030 (USD Million)
12. Global Chicory Market, By Plant-Part, 2019-2030 (USD Million)
13. Global Root, Chicory Market, By Region, 2019-2030 (USD Million)
14. Global Leaf, Chicory Market, By Region, 2019-2030 (USD Million)
15. Global Others, Chicory Market, By Region, 2019-2030 (USD Million)
16. Global Chicory Market, By Application, 2019-2030 (USD Million)
17. Global Dietary Supplements, Chicory Market, By Region, 2019-2030 (USD Million)
18. Global Food & Beverage, Chicory Market, By Region, 2019-2030 (USD Million)
19. Global Cosmetics & Personal Care, Chicory Market, By Region, 2019-2030 (USD Million)
20. Global Feed & Pet Food, Chicory Market, By Region, 2019-2030 (USD Million)
21. North America Chicory Market, By Form, 2019-2030 (USD Million)
22. North America Chicory Market, By Type, 2019-2030 (USD Million)
23. North America Chicory Market, By Plant-Part, 2019-2030 (USD Million)
24. North America Chicory Market, By Application, 2019-2030 (USD Million)
25. U.S. Chicory Market, By Form, 2019-2030 (USD Million)
26. U.S. Chicory Market, By Type, 2019-2030 (USD Million)
27. U.S. Chicory Market, By Plant-Part, 2019-2030 (USD Million)
28. U.S. Chicory Market, By Application, 2019-2030 (USD Million)
29. Canada Chicory Market, By Form, 2019-2030 (USD Million)
30. Canada Chicory Market, By Type, 2019-2030 (USD Million)
31. Canada Chicory Market, By Plant-Part, 2019-2030 (USD Million)
32. Canada Chicory Market, By Application, 2019-2030 (USD Million)
33. Mexico Chicory Market, By Form, 2019-2030 (USD Million)
34. Mexico Chicory Market, By Type, 2019-2030 (USD Million)
35. Mexico Chicory Market, By Plant-Part, 2019-2030 (USD Million)
36. Mexico Chicory Market, By Application, 2019-2030 (USD Million)
37. Europe Chicory Market, By Form, 2019-2030 (USD Million)
38. Europe Chicory Market, By Type, 2019-2030 (USD Million)
39. Europe Chicory Market, By Plant-Part, 2019-2030 (USD Million)
40. Europe Chicory Market, By Application, 2019-2030 (USD Million)
41. Germany Chicory Market, By Form, 2019-2030 (USD Million)
42. Germany Chicory Market, By Type, 2019-2030 (USD Million)
43. Germany Chicory Market, By Plant-Part, 2019-2030 (USD Million)
44. Germany Chicory Market, By Application, 2019-2030 (USD Million)
45. France Chicory Market, By Form, 2019-2030 (USD Million)
46. France Chicory Market, By Type, 2019-2030 (USD Million)
47. France Chicory Market, By Plant-Part, 2019-2030 (USD Million)
48. France Chicory Market, By Application, 2019-2030 (USD Million)
49. U.K. Chicory Market, By Form, 2019-2030 (USD Million)
50. U.K. Chicory Market, By Type, 2019-2030 (USD Million)
51. U.K. Chicory Market, By Plant-Part, 2019-2030 (USD Million)
52. U.K. Chicory Market, By Application, 2019-2030 (USD Million)
53. Italy Chicory Market, By Form, 2019-2030 (USD Million)
54. Italy Chicory Market, By Type, 2019-2030 (USD Million)
55. Italy Chicory Market, By Plant-Part, 2019-2030 (USD Million)
56. Italy Chicory Market, By Application, 2019-2030 (USD Million)
57. Spain Chicory Market, By Form, 2019-2030 (USD Million)
58. Spain Chicory Market, By Type, 2019-2030 (USD Million)
59. Spain Chicory Market, By Plant-Part, 2019-2030 (USD Million)
60. Spain Chicory Market, By Application, 2019-2030 (USD Million)
61. Asia Pacific Chicory Market, By Form, 2019-2030 (USD Million)
62. Asia Pacific Chicory Market, By Type, 2019-2030 (USD Million)
63. Asia Pacific Chicory Market, By Plant-Part, 2019-2030 (USD Million)
64. Asia Pacific Chicory Market, By Application, 2019-2030 (USD Million)
65. Japan Chicory Market, By Form, 2019-2030 (USD Million)
66. Japan Chicory Market, By Type, 2019-2030 (USD Million)
67. Japan Chicory Market, By Plant-Part, 2019-2030 (USD Million)
68. Japan Chicory Market, By Application, 2019-2030 (USD Million)
69. China Chicory Market, By Form, 2019-2030 (USD Million)
70. China Chicory Market, By Type, 2019-2030 (USD Million)
71. China Chicory Market, By Plant-Part, 2019-2030 (USD Million)
72. China Chicory Market, By Application, 2019-2030 (USD Million)
73. India Chicory Market, By Form, 2019-2030 (USD Million)
74. India Chicory Market, By Type, 2019-2030 (USD Million)
75. India Chicory Market, By Plant-Part, 2019-2030 (USD Million)
76. India Chicory Market, By Application, 2019-2030 (USD Million)
77. South America Chicory Market, By Form, 2019-2030 (USD Million)
78. South America Chicory Market, By Type, 2019-2030 (USD Million)
79. South America Chicory Market, By Plant-Part, 2019-2030 (USD Million)
80. South America Chicory Market, By Application, 2019-2030 (USD Million)
81. Brazil Chicory Market, By Form, 2019-2030 (USD Million)
82. Brazil Chicory Market, By Type, 2019-2030 (USD Million)
83. Brazil Chicory Market, By Plant-Part, 2019-2030 (USD Million)
84. Brazil Chicory Market, By Application, 2019-2030 (USD Million)
85. Middle East and Africa Chicory Market, By Form, 2019-2030 (USD Million)
86. Middle East and Africa Chicory Market, By Type, 2019-2030 (USD Million)
87. Middle East and Africa Chicory Market, By Plant-Part, 2019-2030 (USD Million)
88. Middle East and Africa Chicory Market, By Application, 2019-2030 (USD Million)
89. UAE Chicory Market, By Form, 2019-2030 (USD Million)
90. UAE Chicory Market, By Type, 2019-2030 (USD Million)
91. UAE Chicory Market, By Plant-Part, 2019-2030 (USD Million)
92. UAE Chicory Market, By Application, 2019-2030 (USD Million)
93. South Africa Chicory Market, By Form, 2019-2030 (USD Million)
94. South Africa Chicory Market, By Type, 2019-2030 (USD Million)
95. South Africa Chicory Market, By Plant-Part, 2019-2030 (USD Million)
96. South Africa Chicory Market, By Application, 2019-2030 (USD Million)
List of Figures
1. Global Chicory Market Segmentation
2. Global Chicory Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Chicory Market Attractiveness Analysis By Form
9. Global Chicory Market Attractiveness Analysis By Type
10. Global Chicory Market Attractiveness Analysis By Plant-Part
11. Global Chicory Market Attractiveness Analysis By Application
12. Global Chicory Market Attractiveness Analysis By Region
13. Global Chicory Market: Dynamics
14. Global Chicory Market Share By Form (2022 & 2030)
15. Global Chicory Market Share By Type (2022 & 2030)
16. Global Chicory Market Share By Plant-Part (2022 & 2030)
17. Global Chicory Market Share By Application (2022 & 2030)
18. Global Chicory Market Share By Regions (2022 & 2030)
19. Global Chicory Market Share By Company (2021)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global chicory based on below mentioned segments:
Global Chicory Market by Form:
Global Chicory Market by Type:
Global Chicory Market by Plant-Part:
Global Chicory Market by Application:
Global Chicory by Region:
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