New Advancement In Chicory Market | Research & Innovation Vision For A 2025: Grand View Research, Inc.

New Advancement In Chicory Market | Research & Innovation Vision For A 2025: Grand View Research, Inc.

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The global chicory market size was estimated at USD 220.6 million in 2018 and is expected to expand at a CAGR of 4.2% during the forecast period. Increasing awareness regarding the health benefit of chicory is the key growth driver.

The global Chicory Market size is anticipated to reach USD 294.2 million by 2025, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 4.2% during the forecast period. Increasing awareness regarding the medicinal value of chicory is the main factor driving the growth.

The chicory root product segment accounted for more than 65% market share in 2018. Roots are a rich source of inulin and nutrients essential for brain health. Ground and roasted roots are used as an alternative to coffee. Chicory root powder is used in baked goods and other food products as an alternative to sugar and fat, as well as, as a texturizer. As a result, the market is anticipated to witness significant rise in demand over the forecast period.

Food and beverage was the largest application segment accounting for more than 45% market share in 2018. It is expected to maintain its dominance throughout the forecast period. Increasing demand for chicory coffee in Thailand, Japan, Netherlands, Germany, France, and U.S. is driving the growth. In addition, increasing use of the product as an alternative to sugar and fat in various food and beverages is expected to create growth opportunities in the forthcoming years.

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Europe is anticipated to continue leading the global chicory market over the forecast period. Rising consumption owing to various health benefits of the product is driving the regional growth. Belgium is the largest producer of chicory in the world. Germany, France, and Netherlands are expected to witness significant growth owing to rising consumption of chicory coffee. North America is expected to witness the fastest CAGR of 5.2% from 2019 to 2025 owing to increasing cultivation and consumption of chicory as an alternative to coffee. Growing popularity of chicory as a natural appetizer is anticipated to further fuel the regional growth.

U.S. chicory market size, by product, 2015 - 2025 (USD Million)

Further key findings from the report suggest:

  • Chicory root is expected to witness a CAGR of 4.5% over the forecast period, owing to increasing awareness regarding the health benefit of the roots
  • U.S. is one of the largest consumers of the product and accounted for more than 85% share of the North America chicory market in 2018
  • India, Thailand, China, Japan, and Australia are the key markets for chicory in the Asia Pacific region
  • Belgium, France, and Netherlands held more than 60% share of the Europe market for chicory in 2018

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Global chicory market share, by application, 2018 (%)

Grand View Research has segmented the global chicory market by product, application, and region:

Chicory Product Outlook (Revenue, USD Million, 2015 – 2025)

  • Chicory Root
  • Chicory Leaf

Chicory Application Outlook (Revenue, USD Million, 2015 – 2025)

  • Food & Beverage
  • Dietary Supplement
  • Others

Key Topics Covered

Chapter 1. Methodology and Scope

                    1.1. Market Segmentation & Scope

                    1.2. Market Definition

                    1.3. Information Procurement

                         1.3.1. Purchased Database

                         1.3.2. GVR’s Internal Database

                         1.3.3. Secondary Sources & Third-Party Perspectives

                         1.3.4. Primary Research

                    1.4. Information Analysis

                         1.4.1. Data Analysis Models

                    1.5. Market Formulation & Data Visualization

                    1.6. Data Validation & Publishing

Chapter 2. Executive Summary

                    2.1. Market Outlook

                    2.2. Segmental Outlook

                    2.3. Competitive Insights

Chapter 3. Chicory Market Variables, Trends & Scope

                    3.1. Market Introduction

                    3.2. Penetration & Growth Prospect Mapping

                    3.3. Industry Value Chain Analysis

                         3.3.1. Sales/Retail Channel Analysis

                         3.3.2. Profit Margin Analysis

                    3.4. Market Dynamics

                         3.4.1. Market Driver Analysis

                         3.4.2. Market Restraint Analysis

                         3.4.3. Industry Challenges

                         3.4.4. Industry Opportunities

                    3.5. Business Environment Analysis

                         3.5.1. Industry Analysis – Porter’s

                     Supplier Power

                     Buyer Power

                     Substitution Threat

                     Threat from New Entrant

                     Competitive Rivalry

                    3.6. Roadmap of Chicory Market

                    3.7. Market Entry Strategies


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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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