The global market for Chicory was valued at an estimated US$784.8 Million in 2023 and is projected to reach US$1.0 Billion by 2030, growing at a CAGR of 3.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the chicory market is driven by several factors. Technological advancements in food processing have enabled the production of high-quality chicory products with enhanced taste and nutritional value. The increasing consumer preference for natural and plant-based foods has significantly boosted the demand for chicory as a versatile ingredient. Additionally, the expanding market for functional foods and beverages, particularly those targeting digestive health, has propelled the use of chicory in various formulations. The rise of the wellness industry and the shift towards healthier lifestyles have also played a crucial role in driving market growth.
Moreover, the expansion of distribution channels, including online retail and specialty health food stores, has made chicory products more accessible to a global audience. Collectively, these factors are fueling the robust growth of the chicory market, reflecting a significant shift in consumer preferences towards healthier and more sustainable food options.
The growth in the chicory market is driven by several factors. Technological advancements in food processing have enabled the production of high-quality chicory products with enhanced taste and nutritional value. The increasing consumer preference for natural and plant-based foods has significantly boosted the demand for chicory as a versatile ingredient. Additionally, the expanding market for functional foods and beverages, particularly those targeting digestive health, has propelled the use of chicory in various formulations. The rise of the wellness industry and the shift towards healthier lifestyles have also played a crucial role in driving market growth.
Moreover, the expansion of distribution channels, including online retail and specialty health food stores, has made chicory products more accessible to a global audience. Collectively, these factors are fueling the robust growth of the chicory market, reflecting a significant shift in consumer preferences towards healthier and more sustainable food options.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Instant Chicory Powder segment, which is expected to reach US$540.4 Million by 2030 with a CAGR of a 4.3%. The Roasted Chicory segment is also set to grow at 4.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $213.8 Million in 2023, and China, forecasted to grow at an impressive 7.4% CAGR to reach $217.9 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Chicory Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Chicory Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Chicory Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as BENEO GmbH, Cargill, Inc., Cosucra Groupe Warcoing SA, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 48 Featured):
- BENEO GmbH
- Cargill, Inc.
- Cosucra Groupe Warcoing SA
- Delecto Foods Pvt., Ltd
- Farmvilla Food Industries Pvt. Ltd.
- Herbs And Crops Overseas
- Leo Coffee
- Murlikrishna Foods Pvt Ltd
- Nature`s Gold Production
- Pioneer Chicory
- PMV Nutrient Products Pvt. Ltd.
- Reily Foods Company
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- BENEO GmbH
- Cargill, Inc.
- Cosucra Groupe Warcoing SA
- Delecto Foods Pvt., Ltd
- Farmvilla Food Industries Pvt. Ltd.
- Herbs And Crops Overseas
- Leo Coffee
- Murlikrishna Foods Pvt Ltd
- Nature`s Gold Production
- Pioneer Chicory
- PMV Nutrient Products Pvt. Ltd.
- Reily Foods Company
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 390 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 784.8 Million |
| Forecasted Market Value ( USD | $ 1000 Million |
| Compound Annual Growth Rate | 3.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
