Chicory Market Analysis

Chicory Market Analysis:

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Based on product type, the chicory roots segment reached USD 284.5 million revenue in 2022. Chicory roots are becoming increasingly popular in the food & beverage industries, where they are used as a natural dietary fiber, a source of inulin, and prebiotic, as well as a coffee substitute or additive, appealing to health-conscious consumers looking for natural, plant-based ingredients and those looking for coffee substitutes with distinctive flavor profiles.
 

Based on form, the instant powder segment accounted for 40.2% of the chicory market share in 2022. This is because chicory instant powder is convenient and adaptable, as well as because sustainable and nutritious food items are becoming increasingly popular. Numerous culinary and beverage preparations, such as tea, coffee, smoothies, baking, and more, can use it.
 

Based on application, the food & beverages segment dominated around USD 339.2 million revenue in 2022. Chicory demand in the food & beverage sector is being driven mostly by its growing appeal as a natural and nutritious ingredient. Chicory is valued for its various applications, such as a source of dietary fiber and inulin, making it an appealing choice for food & beverage producers looking to cater to health-conscious customers. Its use in a variety of products, ranging from natural sweeteners to prebiotic additions, corresponds with the industry's emphasis on providing functional and healthy solutions, boosting demand for chicory in food & beverages.
 

Based on distribution channel, the chicory market size from supermarkets and hypermarkets segment held over USD 283.8 million in 2022. Chicory product distribution through supermarkets and hypermarkets is a key demand driver owing to its capacity to give customers with quick access to a diverse selection of chicory-based items in a single place. Supermarkets and hypermarkets provide a wide range of chicory products, from chicory coffee and inulin-based sweeteners to chicory greens, making it easier for customers to find and purchase these items.
 

Asia Pacific chicory market size recorded more than USD 265.4 million revenue in 2022. Chicory's rising popularity in the Asia-Pacific region is mostly due to growing awareness of its positive health effects, including its role as a source of inulin and dietary fiber, which promotes digestive health and general wellbeing. Chicory's appeal as a wholesome and adaptable food and beverage ingredient continues to increase, driving demand for chicory-based products in the APAC market as consumers become more health-conscious and look for natural and functional ingredients.