PUBLISHER: SkyQuest | PRODUCT CODE: 1649780
PUBLISHER: SkyQuest | PRODUCT CODE: 1649780
Global Chicory Market size was valued at USD 744.3 billion in 2023 and is poised to grow from USD 797.89 billion in 2024 to USD 1391.56 billion by 2032, growing at a CAGR of 7.2% during the forecast period (2025-2032).
Chicory, a biennial plant known for its vibrant blue flowers, is increasingly recognized for its versatility in various sectors, particularly in the sugar industry and as a coffee substitute. Its health benefits, including the treatment of constipation and support for digestive health due to inulin content, are driving demand among health-conscious consumers. Moreover, chicory's clean-label applications in cosmetics and personal care enhance its appeal. In culinary contexts, it is enjoyed in Italy grilled with olive oil, while in the U.S., it finds its way into pizza, pasta, and risotto, further stimulating market interest. The COVID-19 pandemic has notably increased the consumption of ready-to-mix beverages, prompting coffee manufacturers to boost production, which is set to accelerate chicory's growth in the food and beverage sectors.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Chicory market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Chicory Market Segments Analysis
Global Chicory Market is segmented by Type, Form, Plant Part, Application and Region. Based on Type, the market is segmented into Extracts, Rosted Chicory, Instant Powder, Chicory Flour and Others. Based on Form, the market is segmented into Powder, Cubes, Liquid and Others. Based on Plant Part, the market is segmented into Leaf, Roots and Others. Based on Application, the market is segmented into Food and Beverages, Dietary Supplements, Feed and Pet Food and Cosmetic and Personal Care. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Chicory Market
The global chicory market is experiencing significant growth due to its extensive health benefits, as it is utilized in the treatment of a variety of conditions such as liver and gallbladder disorders, cancer, and acute gastrointestinal issues. Additionally, chicory serves as a tonic that enhances urine production, protects liver health, and mitigates the stimulating effects of coffee, further bolstering its demand. As awareness of these therapeutic properties continues to spread, more consumers are turning to chicory for its multifaceted health advantages, thereby propelling the expansion of the market on a global scale.
Restraints in the Global Chicory Market
The global chicory market faces certain challenges that may impede its growth. While chicory is widely recognized as a caffeine-free substitute for coffee, it lacks the same distinctive taste and aroma that coffee beans provide, which is often described as rich and dark. Chicory coffee tends to have a more bitter flavor profile accompanied by nutty and herbal nuances, making it less appealing to those who are accustomed to the full-bodied experience of traditional coffee. Consequently, this difficulty in substitution could deter potential consumers, thereby restraining the expansion of the chicory market in the competitive beverage landscape.
Market Trends of the Global Chicory Market
The global chicory market is experiencing a notable upward trend, driven by the increasing awareness of health benefits associated with chicory root fiber, renowned for its ability to reduce sugar intake while enhancing flavor and texture in various products. As consumers seek nutritious alternatives, chicory leaves and roots are gaining popularity in salads and innovative culinary creations, further fueling market demand. This superfood, rich in essential vitamins A, K, C, and B vitamins, alongside vital minerals such as manganese, copper, iron, and potassium, positions chicory as a sought-after ingredient in health-conscious food formulations, catering to the evolving preferences of modern consumers.