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Chicory Market Trends

Report ID: GMI7050
Published Date: Oct 2023
Report Format: PDF

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Chicory Market Trends

Growing consumer awareness of the health advantages of chicory, its adaptability as a natural food and beverage component, and its expanding applications in the pharmaceutical and nutraceutical sectors are all contributing to the market's considerable upward trend. Chicory's popularity is rising as a result of a rising global demand for natural and plant-based products, providing prospects for market expansion, innovation, and diversification.

Authors: Kiran Pulidindi, Manish Mohanan

Frequently Asked Questions (FAQ) :

The market size of chicory reached USD 717.15 million in 2023 and is poised to be worth USD 1.17 billion by 2032, owing to the increasing consumer preference for healthier as well as more sustainable food and beverage alternatives.

The roots segment generated USD 284.5 million in revenue in 2022, due to its increasing adoption in the food & beverage industries.

Asia Pacific market size was worth USD 265.4 million in 2022, attributed to the growing awareness of its positive health effects, including its role as a source of inulin and dietary fiber to promote digestive health and general wellbeing.

Some of the leading chicory firms are Wilmar Delecto Foods Pvt Ltd, Cargill Incorporated, Pioneer Chicory, Starwest Botanicals, Leroux, Organic Herb Trading Co., Nature's Gold Production, and Jamnagar Chicory Industries.