According to a market report by Lucintel, the future of the chicory market looks promising with opportunities in the food and beverage, dietary supplement, feed & pet food, and cosmetics & personal care market. The global chicory market is expected to grow with a CAGR of 4% to 6% from 2023 to 2028. The major drivers for this market are rising consumer awareness regarding various health benefits offered by chicory, growing chicory application, and rising consumer inclination towards organic & nutritional products.
In this market, extracts, roasted, instant powder, and flour are the major segments of chicory market by product type. Lucintel forecasts that instant powder will remain the largest segment over the forecast period due to wide availability and acceptability of the instant powder worldwide.
Within this market, food and beverage will remain the largest application segment over the forecast period due to its popularity as a coffee substitute and increasing adoption owing to its essential nutrient content.
Asia Pacific is expected to grow with the highest growth rate over the forecast period due to growing awareness among the consumers and growing demand for chicory in the countries with higher risks of chronic diseases such as obesity and heart-related issues.
Cosucra, Delecto Foods, BENEO GmbH, Sensus, Leroux, Cargill Incorporated, Reily Foods Company, Pioneer Chicory, PMV Nutrient Products, Farmvilla Food Industries, Murlikrishna Foods, and Starwest Botanicals companies are among the major suppliers of chicory.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global chicory market by product type, form, plant part, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Chicory Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global chicory market by product type, form, plant part, application, and region as follows:
Chicory Market by Product Type [Value ($B) Shipment Analysis from 2017 to 2028]:
· Extracts
· Roasted
· Instant Powder
· Flour
Chicory Market by Form [Value ($B) Shipment Analysis from 2017 to 2028]:
· Powder
· Cubes
· Liquid
Chicory Market by Plant Part [Value ($B) Shipment Analysis from 2017 to 2028]:
· Roof
· Leaf
· Other Parts
Chicory Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
· Food and Beverage
· Dietary Supplement
· Feed and Pet Food
· Cosmetic and Personal Care
· Others
Chicory Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Chicory Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the global chicory market by product type (extracts, roasted, instant powder, and flour), form (powder, cubes, and liquid), plant part (root, leaf, and other parts), application (food and beverage, dietary supplement, feed & pet food, cosmetics & personal care, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?