Global Chicory Market Size By Type(Instant powder, Roasted, Extracts), By Form(Powder, Liquid, Cubes), By Application(Food & beverages, Dietary supplements), By Plant Part(Root, Leaf and Other plant-parts), By Geographic Scope And Forecast

Chicory Market Size And Forecast

Chicory Market size was valued at USD 705.08 Million in 2021 and is projected to reach USD 1085.53 Million by 2030, growing at a CAGR of 4.91% from 2023 to 2030.

Millennials are really into healthy, organic food and drinks these days. You know, stuff that gives you a boost! This is largely because we're all so busy, and as disposable incomes rise, we're also more clued-up on preventative healthcare and looking after ourselves. Plus, let's be honest, we want to maintain better health! But it's not just us buying up chicories; the cosmetic & care industry is loving them too, especially in developing and underdeveloped countries, because of their anti-inflammatory and antioxidant properties. Speaking of which, you can get a full rundown on all this in the Global Chicory Market report – it's got the complete lowdown on the key segments, trends, what's driving the market, what's holding it back, who the competition is, and all the other important stuff.

Global Chicory Market Definition

Chicory, or Cichorium intybus, is a woody, herb within the dandelion family. It always has bright blue flowers, though they will sometimes be white or pink. Chicory root is additionally a decent source of inulin, a kind of prebiotic fiber that has been linked to support weight loss and improved gut health.

Several studies have shown that supplementing diets with inulin could increase the concentration of certain strains of healthy bacteria within the colon and manage blood sugar levels. Hence, these beneficial qualities make chicory a healthier alternative to varied ingredients across various applications, including food & beverages, dietary supplement, feed & pet food, and cosmetics & care, exhibiting an honest market potential across the world within the few coming years.

Global Chicory Market Overview

Basically, the chicory market is booming because it's a budget-friendly alternative to coffee. Let's face it, coffee is a luxury item, and with global prices rising, that coffee powder is getting expensive! Companies can't just eat those extra costs, so they're turning to chicory to protect their profits. Some of the big coffee brands are even sneaking more chicory into their instant coffee sachets, bumping it up from 30% to almost 50%! And it's not just about the blends. You can even find pure roasted chicory powder, which is super cheap and a total coffee replacement. Plus, chicory has health benefits and is caffeine-free, so what's not to love when you're looking for a cheaper option?

Our love for everyday staples like coffee could actually hold the market back a bit. Sure, chicory is often touted as a caffeine-free alternative, but let's be real – it's not quite the same experience. Chicory coffee has this slightly woody, bitter taste with a nutty, sometimes even herbal vibe. You might even catch a hint of tart fruits, like cherries, in some roasts! But think about why we drink coffee. It's not just about the flavor; it's the ritual, the memories, the way it makes us feel, and yeah, that energy boost too. It's tough for most coffee lovers to switch to anything else. We start to connect that coffee taste and smell with good moods and feeling more awake, like it's giving our brains a little boost. That includes better memory, a happier mood, more energy, and generally feeling sharper.

Global Chicory MarketSegmentation Analysis

The Global Chicory Market is segmented based on Type, Form, Application, Plant Part, and Geography.

Chicory Market by Type

• Instant powder• Roasted• Extracts• Flour• Other types

When we look at the different types of chicory available, the market basically splits into things like Instant powder, Roasted chicory, Extracts, Flour, and some other types. And guess what? Back in 2019, instant powder was the big cheese. Why? Well, it's easy to find and people everywhere seem to like it. Plus, most of the big companies are pushing their own instant powders to all sorts of industries. Oh, and let's not forget – it's super easy to use, which probably explains why so much of it gets used around the world.

Chicory Market by Form

• Powder• Liquid• Cubes• Other forms

Based on form the market is bifurcated into Powder, Liquid, Cubes and Other forms. By form, the powder segment is projected to account for the largest share in the chicory market by form during the forecast period. Powder form has usage across various application industries. The other forms have comparatively limited usage and also offered by very few players in the market. Also, the powder form is largely manufactured by the key players in the industry, owing to which it contributes to the largest share in the global chicory market, by form, in 2019.

Chicory Market by Application

• Food & beverages• Dietary supplements• Feed & pet food• Cosmetics & personal care

So, where does chicory show up? Well, depending on its use, the market is divided into things like Food & beverages, Dietary supplements, Feed & pet food, and Cosmetics & personal care. Back in 2019, food & beverage companies used the most chicory. It's a hit as a coffee alternative, and people around the world enjoy the leaves in salads. Plus, since it's packed with inulin and other good stuff, food and beverage makers really like using it. And let's not forget, it's cheaper, making it a good choice for companies making organic and all-natural goodies. That's why the food & beverage segment is such a big player in the market!

Chicory Market by Plant Part

• Root• Leaf• Other plant-parts

When we look at what part of the chicory plant is selling best, the market breaks down into Root, Leaf, and, well, "Other" plant parts. But get thisthe root is expected to be the real star over the next few years! You see, the chicory root is packed with good stuff that manufacturers in all sorts of industries are after. It's got a ton of inulin, which is awesome as a fiber ingredient in tons of food & beverage products. Plus, all those other essential nutrients find their way into things like dietary supplements. So, yeah, the root is definitely king when it comes to market share.

Chicory Market by Geography

• North America• Europe• Asia Pacific• Rest of the world

When we look at the Global Chicory Market based on Geography, we can break it down into North America, Europe, Asia Pacific, and the rest of the world. Now, Asia Pacific is really expected to take off and grow faster than other regions. Why? Well, think about things like its untapped potential, more people knowing about chicory's benefits, and global players putting more money into the area. Plus, with economic development on the rise, it's creating a perfect storm for growth. The fact that Asia Pacific has a lot of people living there, who also face risks of chronic diseases like obesity and heart problems, should also increase the need for chicory. And let's not forget the booming food & beverage industry, alongside more chicory being grown and produced – all fueling even more demand and growth opportunities in the Asia Pacific chicory market!

Key Players

The “Global Chicory Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Delecto Foods Pvt Ltd (India), BENEO GmbH (Germany), Sensus (Netherlands), Leroux (France), Cargill Incorporated (US), Reily Foods Company (US), Pioneer Chicory (India), PMV Nutrient Products Pvt Ltd (India), Farmvilla Food Industries Pvt Ltd (India), Murlikrishna Foods Pvt Ltd (India).

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Report Scope

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly 

Reasons to Purchase this Report

We dig into the market using both numbers and deeper insights, breaking it down by economic factors and other things that matter. You'll get the market value (in USD Billion) for every part of the market, big and small. We'll pinpoint which region and segment is likely to grow the quickest and be the biggest. Plus, we'll analyze each region, looking at how much of the product/service is being used and what's influencing the market there. Think of it as a complete picture, featuring a competitive landscape that ranks the major players, highlights their new offerings, collaborations, expansions, and acquisitions over the last five years, and includes detailed company profiles with overviews, insights, product comparisons, and SWOT analyses. Get a look at the current and future market from our perspective, especially given recent happenings (like growth opportunities, drivers, and hurdles in both new and established regions). We’ll also give you a thorough look at the market using Porter's five forces analysis and insight into the market through the Value Chain. Finally, expect a market dynamics scenario, including growth opportunities in the coming years, and 6 months of analyst support after you purchase.

Customization of the Report

In case of any  please connect with our sales team, who will ensure that your requirements are met.