Chicory Market
Chicory Market
The market for Chicory was estimated at $1.30 billion in 2024; it is anticipated to increase to $1.9 billion by 2030, with projections indicating growth to around $2.7 billion by 2035.
Global Chicory Market Outlook
Revenue, 2024 (US$B)
Forecast, 2034 (US$B)
CAGR, 2024 - 2034
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Market Key Insights
- The Chicory market is projected to grow from $1.3 billion in 2024 to $2.5 billion in 2034. This represents a CAGR of 6.7%, reflecting rising demand across Digital Grocery Integration, Consumer Engagement and Analytics and Data-Driven Advertising.
- The market leaders Sensus Cosucra Groupe Warcoing and Leroux operate as major players that determine the competitive dynamics of this market.
- France and Belgium are the top markets within the Chicory market and are expected to observe the growth CAGR of 4.4% to 6.4% between 2024 and 2030.
- Emerging markets including Nigeria, Vietnam and Colombia are expected to observe highest growth with CAGR ranging between 7.7% to 9.2%.
- The market growth of Chicory will receive a $200.0 million boost from the transition to Organic Chicory by 2030.
- The Chicory market is set to add $1.2 billion between 2024 and 2034, with manufacturer targeting Ground & Liquid Application projected to gain a larger market share.
- With Rise in health consciousness, and Advancements in food technology, Chicory market to expand 91% between 2024 and 2034.
Opportunities in the Chicory
Consumers are increasingly mindful of the components in their beauty items nowadays. Chicory is emerging as a sought after botanical beauty ingredient, with its innate anti inflammatory and anti age properties that can be utilized in the rapidly expanding natural beauty industry.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Rise in Health Consciousness, and Thriving Functional Food Segment
The chicory industry is also also influenced by progress in food technology advancements which have also enabled the creation of chicory in forms for integration into various products effectively thereby boosting its adaptability within the food sector The enhancement, in extraction and processing methods has also widened the range of chicory based products being produced.
Restraint: Limited Consumer Awareness
Opportunity: Chicory as a Caffeine Alternative and Chicory in Functional Foods
Consumers are increasingly opting for food choices which has led to a growing interest in chicory as a natural ingredient known for its health benefits due, to its high inulin content that can improve digestion and promote better gut health in a more natural way.
Challenge: Uncertain Regulatory Environment
Supply Chain Landscape
FNC S.p.A.
Starwest Botanicals Inc
Leroux
BENEO GmbH
Cargill Incorporated.
Cosucra Groupe Warcoing SA
Jacob Douwe Egberts
The Kraft Heinz Company
FNC S.p.A.
Starwest Botanicals Inc
Leroux
BENEO GmbH
Cargill Incorporated.
Cosucra Groupe Warcoing SA
Jacob Douwe Egberts
The Kraft Heinz Company