Chicory Market by Product Type (Extracts, Roasted, Instant Powder, Flour), Form (Powder, Cubes, Liquid), Plant Part, Application (Food & Beverage, Dietary Supplement, Feed & Pet food, Cosmetics & Personal Care) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America) (Insights are provided for each region and countries within the region)
Global Chicory market is anticipated to reach USD 908 million by 2021 and growing at a CAGR of 5.9% during the forecasting period, 2021-2028.
Chicory, or Cichorium intybus, is a woody, herbaceous plant in the dandelion family. It usually has bright blue flowers, though they can sometimes be white or pink. Chicory is cultivated for its leaves and its roots. Chicory root is also a good source of inulin, a type of prebiotic fiber that has been linked to support weight loss and improved gut health.
Rising prices of coffee beans along with increasing consumption of coffee is navigating the coffee and other food & beverage manufacturers to adopt chicory ingredients, as a cheaper substitute to coffee. Also, high medicinal values and health benefits associated with the consumption of chicory are expected to further propel the market. Furthermore, the easy cultivation process of the crop and the rising number of new entrants in the market is substantially snowballing the growth prospects.
Global Chicory market is segmented into Type, form, plant-part, application, and geography.
Type segment is segmented into Extracts, Roasted, Instant Powder, and Flour.
Form segment is segmented into Powder, Cubes, and Liquid.
Application segment is segmented Food & Beverage, Dietary Supplement, Feed & Pet food, Cosmetics & Personal Care.
Geographically, the global Chicory market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions
Europe region has come up as the prominent region for the leading share in the overall global market during the forecast period 2021-2028.
Key players in the global Chicory market are Cargill Incorporated, Reily Foods Company, Pioneer Chicory, PMV Nutrient Products Pvt Ltd, Farmvilla Food Industries Pvt Ltd, Murlikrishna Foods Pvt Ltd, Starwest Botanicals, STOKROS Company Ltd, Nature’s Gold Production, Organic Herb Trading Co, Narasu’s Coffee Company, NP Nutra, Shaanxi Sciphar Natural Product Co Ltd., Jamnagar Chicory Industries, and Herbs & Crops Overseas.
The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:
Report Feature |
Descriptions |
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Market Revenue In 2021 |
USD 908 million |
Growth Rate |
CAGR of 5.9% during the forecasting period, 2021-2028 |
Historical Data |
2018-2019 |
Forecast Years |
2021-2028 |
Base Year |
2020 |
Units Considered |
Revenue in USD million and CAGR from 2021 to 2028 |
Report Segmentation |
Type, form, plant-part, application, and geography |
Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and the Middle East and Africa |
Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
Companies Profiled |
Cargill Incorporated, Reily Foods Company, Pioneer Chicory, PMV Nutrient Products Pvt Ltd, Farmvilla Food Industries Pvt Ltd, Murlikrishna Foods Pvt Ltd, Starwest Botanicals, STOKROS Company Ltd, Nature’s Gold Production, Organic Herb Trading Co, Narasu’s Coffee Company, NP Nutra, Shaanxi Sciphar Natural Product Co Ltd., Jamnagar Chicory Industries and Herbs & Crops Overseas
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Available Customization |
In addition to the market data for the Chicory market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement. |