Report Scope & Overview:
The Chicory Market Size was esteemed at USD 739.61 million in 2022 and is supposed to arrive at USD 1224.50 million by 2030 and develop at a CAGR of 6.5 % over the forecast period 2023-2030.
The market for chicory has consistently expanded as a result of the need for natural and healthy ingredients in the food and beverage industry. Chicory, especially its roots, is valued for its use as a prebiotic fiber source, natural sweetener, and substitute for coffee. Various chicory products, including roasted chicory root, chicory inulin, and chicory extracts, are available on the market. These products are used in a wide range of sectors, including beverages, baked goods, and nutritional supplements.
The Chicory market has grown as a result of technological development. The quality and usefulness of goods made from chicory have increased as a result of innovations in extraction and processing techniques. For instance, high-purity inulin with a variety of functional characteristics has been created by the extraction of inulin, a soluble dietary fiber found in chicory. In addition, the creation of innovative chicory-based food and drink items, such as natural sweeteners and coffee blends with chicory extract, has helped the industry expand.
A concern for the chicory sector is obtaining a consistent supply of high-quality raw materials since environmental factors might have an influence on chicory growth. Additionally, it can be challenging to comply with regulatory requirements and labeling laws while also communicating to customers the health benefits of products manufactured from chicory. Competition from dietary fiber sources and other natural sweeteners has a further influence on market dynamics. By dealing with supply chain issues, implementing research-based marketing strategies, and continuing product innovation, the chicory market will be able to maintain its growth trajectory.
A preference for chicory as a less expensive espresso alternative.
The future development of the inventory network organization's increasing ubiquity.
The management and distribution of chicory products will improve in the upcoming years. To keep track of what they have and what they need, more and more locations will adopt smart systems. This method will guarantee that chicory items are offered for sale whenever customers need them.
Consumer knowledge of the applications and health advantages of chicory is limited.
Weather-related fluctuations in the availability of raw materials.
The materials we use to build things might be affected by the weather. These resources can occasionally be tougher to locate during inclement weather like storms or droughts. This may result in production issues, shortages, or modifications to the items we can produce.
Increase in the use of chicory in various projects.
Increasing the use of chicory leaves will treat itchiness, growth problems, and other medical ailments.
Chicory leaves are becoming more popular as a remedy for many ailments. They might help with itching if your skin is irritated. Additionally, they can be utilized to address problems with growth, such as improper body development. As a consequence, people are learning new ways to employ chicory leaves to improve the health of their bodies.
Few consumers are familiar with or accept items made with chicory.
Reliance on meteorological factors that influence chicory crop output.
Chicory crops are very reliant on the weather. How effectively chicory grows is influenced by factors such as temperature, sunshine, and weather. If there is too much rain or not enough sunshine, the chicory plants cannot grow as much. As a result, farmers need to keep an eye on the weather to forecast how well their chicory crop will do.
Impact of Covid-19:
Inferable from the COVID-19 pandemic, the utilization of prepared to-blend and prepared to-drink refreshments has seen a significant increment. This incorporates beverages like espresso, squeezes, and enhanced milk. Because of the lockdowns and curfews forced by different territorial and public states, the work-from-home culture encountered a lift. Because of the expanded work-life stress and more occupied ways of life, the populace across the globe began progressively consuming espresso to have an expanded fixation and spotlight on work. To take special care of this developing interest, the espresso makers helped/improved their creative capacities and volumes. Attributable to this, the utilization of chicory has expanded all the while, as it is utilized as a mix in most of the prepared to-blend and prepared to-drink espresso items. As it is without caffeine, a better, and minimal expense substitute to espresso, producers have begun remembering it for the espresso handling process. Purchasers are additionally inclining in the direction of chicory mixes to limit well-being gambles related to caffeine. In this way, the pandemic has reinforced the development possibilities for chicory, not exclusively being a less expensive substitute for espresso, yet in addition because of its medical advantages and contributions.
Impact of Ongoing Recession
The market for chicory goods may experience difficulties during a recession because consumers may be less willing to spend money on non-essentials like chicory products. A decline in demand could result from shifting spending priorities. Additionally, the availability and cost of goods made from chicory may be impacted by supply chain interruptions and price sensitivity. Businesses may need to modify their plans in response to shifting customer preferences and prevailing economic conditions.
The chicory market has been badly impacted by inflation, and the cost of the items has gone up, including Instant Powder and Flour. Wheat flour's daily average retail price has increased by more than 17% in the last year, and in 2022, the cost of flour and prepared flour mixes was over 19% more than it was on average during the preceding ten years (0.2%). Instant powder inflation increased to over 11% from 10.29%, while infant food inflation increased to around 10.6% in January 2023.
Impact of Russia Ukraine War
The Russia-Ukraine war has interrupted supply networks and trade routes, which might lead to shortages and price rises. Geopolitical disputes might also have an influence on consumer confidence and spending patterns, which could have an effect on the market for chicory products. Chicory-related products may find it more challenging to be supplied worldwide due to export restrictions and unpredictable trade conditions, which might have an effect on both consumers and producers.
The supply chain was disrupted by the Russia-Ukraine conflict, which raised the cost of the product used in the chicory market. The average price rise for Weight Loss Complex products was 10.46%, which is more than any other category of diet products. The average price increases for vitamin C (up 6.89%) and protein powder (up 5.99%) followed. Price increases for children's vitamins (4.17%) and meal replacements (4.51%) came in fourth and fifth, respectively.
By Product Type:
By Plant Part:
Food & Beverage
Feed & Pet food
Asia-Pacific is a dominating region in the Chicory market and it is expected to experience significant growth as a result of Asian consumers' growing desire for natural and herbal products and treatments for illnesses. In India, the chicory plant's flowers are used as a home remedy for gallstones, gastroenteritis, bruises, wounds, and other conditions. Chicory seeds are also a crucial component of Liver Detox Formula, a supplement created to treat a number of liver conditions. It is mixed with various filter coffees from Southeast Asia and Indian coffee.
As a high-value non-food crop that will boost the local economy, chicory is also being introduced in Europe. It opens up new possibilities for growers of sugar beetroot to expand and diversify their business. It is more drought-resistant than sugar beetroot, grows well in a variety of soil types, and requires less nitrogen. Chicory's development as a high-value crop for export will revive the agro-industry and agriculture in Europe.
In North America, where production is increasing and its health benefits are becoming more well-known, the chicory market is predicted to grow the fastest. Chicory became widely utilized in New Orleans as a result of the Civil War's shortage of coffee.
Rest of Eastern Europe
Rest of Western Europe
Rest of Asia Pacific
Middle East & Africa
Rest of Middle East
Rest of Africa
Rest of Latin America
PMV Nutrient Products Pvt Ltd, Farmvilla Food Industries Pvt Ltd, Murlikrishna Foods Pvt Ltd, Starwest Botanicals, STOKROS Company Ltd, Nature’s Gold Production, Organic Herb Trading Co, Narasu’s Coffee Company, NP Nutra, Shaanxi Sciphar Natural Product Co Ltd., Jamnagar Chicory Industries, and Herbs & Crops Overseas.
Farmvilla Food Industries Pvt Ltd-Company Financial Analysis
In May 2021, the Belgian company Cosucra Groupe Warcoing S.A. launched its chicory root ingredients under the Fibruline, Swelite, Nastar, and Pisane brand names. The firm primarily sells these brands of pea ingredients.
In March 2020, the German firm Südzucker Group announced plans to expand the Chilean mill that produces chicory roots. The capacity expansion, which is expected to cost USD 58.9 million, will help meet the growing demand for root fibres.
|Market Size in 2022
|US$ 739.61 Mn
|Market Size by 2030
|US$ 1224.50 Mn
|CAGR of 6.5% From 2023 to 2030
|Report Scope & Coverage
|Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
|• by Product Type (Extracts, Roasted, Instant Powder, Flour)
• by Form (Powder, Cubes, Liquid)
• by Plant Part Application (Food & Beverage, Dietary Supplement, Feed & Pet food, Cosmetics & Personal Care)
|North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
|PMV Nutrient Products Pvt Ltd, Farmvilla Food Industries Pvt Ltd, Murlikrishna Foods Pvt Ltd, Starwest Botanicals, STOKROS Company Ltd, Nature’s Gold Production, Organic Herb Trading Co, Narasu’s Coffee Company, NP Nutra, Shaanxi Sciphar Natural Product Co Ltd., Jamnagar Chicory Industries, and Herbs & Crops Overseas.
|• A preference for chicory as a less expensive espresso alternative.
• The future development of the inventory network organization's increasing ubiquity.
|• Increase in the use of chicory in various projects.
• Increasing the use of chicory leaves will treat itchiness, growth problems, and other medical ailments.
Ans: Product Type, Flour, Plant Part, and Application segments are covered in the Chicory Market.
Ans: Manufacturers, Research Institutes, university libraries, suppliers, and distributors of the product.
Ans: The Asia Pacific has the biggest offer in the Chicory market.
Ans: High reliance on standard items like espresso and Higher specialized mastery expected for delivering specific chicory-based items are the restraining factors and challenges faced by the Chicory market.
Ans: The Global Chicory Market Size is supposed to develop at a CAGR of 6.5% over the forecast period 2023-2030
TABLE OF CONTENT
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 Impact of Russia-Ukraine war
4.2 Impact of Ongoing Recession
4.2.2 Impact on major economies
184.108.40.206 United Kingdom
220.127.116.11 South Korea
18.104.22.168 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Chicory Market Segmentation, by Product Type
8.3 Instant Powder
9. Chicory Market Segmentation, by Flour
10. Chicory Market Segmentation, by Plant Part
10.1 Chicory Root
10.2 Chicory Leaf
11. Chicory Market Segmentation, by Application
11.1 Food & Beverage
11.2 Dietary Supplement
11.3 Feed & Pet food
11.5 Personal Care
12. Regional Analysis
12.2 North America
12.2.1 North America Chicory Market by Country
12.2.2North America Chicory Market by Product Type
12.2.3 North America Chicory Market by Flour
12.2.4 North America Chicory Market by Plant Part
12.2.5 North America Chicory Market by Application
22.214.171.124 USA Chicory Market by Product Type
126.96.36.199 USA Chicory Market by Flour
188.8.131.52 USA Chicory Market by Plant Part
184.108.40.206 USA Chicory Market by Application
220.127.116.11 Canada Chicory Market by Product Type
18.104.22.168 Canada Chicory Market by Flour
22.214.171.124 Canada Chicory Market by Plant Part
126.96.36.199 Canada Chicory Market by Application
188.8.131.52 Mexico Chicory Market by Product Type
184.108.40.206 Mexico Chicory Market by Flour
220.127.116.11 Mexico Chicory Market by Plant Part
18.104.22.168 Mexico Chicory Market by Application
12.3.1 Eastern Europe
22.214.171.124 Eastern Europe Chicory Market by Country
126.96.36.199 Eastern Europe Chicory Market by Product Type
188.8.131.52 Eastern Europe Chicory Market by Flour
184.108.40.206 Eastern Europe Chicory Market by Plant Part
220.127.116.11 Eastern Europe Chicory Market by Application
18.104.22.168.1 Poland Chicory Market by Product Type
22.214.171.124.2 Poland Chicory Market by Flour
126.96.36.199.3 Poland Chicory Market by Plant Part
188.8.131.52.4 Poland Chicory Market by Application
184.108.40.206.1 Romania Chicory Market by Product Type
220.127.116.11.2 Romania Chicory Market by Flour
18.104.22.168.3 Romania Chicory Market by Plant Part
22.214.171.124.4 Romania Chicory Market by Application
126.96.36.199.1 Hungary Chicory Market by Product Type
188.8.131.52.2 Hungary Chicory Market by Flour
184.108.40.206.3 Hungary Chicory Market by Plant Part
220.127.116.11.4 Hungary Chicory Market by Application
18.104.22.168.1 Turkey Chicory Market by Product Type
22.214.171.124.2 Turkey Chicory Market by Flour
126.96.36.199.3 Turkey Chicory Market by Plant Part
188.8.131.52.4 Turkey Chicory Market by Application
184.108.40.206 Rest of Eastern Europe
220.127.116.11.1 Rest of Eastern Europe Chicory Market by Product Type
18.104.22.168.2 Rest of Eastern Europe Chicory Market by Flour
22.214.171.124.3 Rest of Eastern Europe Chicory Market by Plant Part
126.96.36.199.4 Rest of Eastern Europe Chicory Market by Application
12.3.2 Western Europe
188.8.131.52 Western Europe Chicory Market by Country
184.108.40.206 Western Europe Chicory Market by Product Type
220.127.116.11 Western Europe Chicory Market by Flour
18.104.22.168 Western Europe Chicory Market by Plant Part
22.214.171.124 Western Europe Chicory Market by Application
126.96.36.199.1 Germany Chicory Market by Product Type
188.8.131.52.2 Germany Chicory Market by Flour
184.108.40.206.3 Germany Chicory Market by Plant Part
220.127.116.11.4 Germany Chicory Market by Application
18.104.22.168.1 France Chicory Market by Product Type
22.214.171.124.2 France Chicory Market by Flour
126.96.36.199.3 France Chicory Market by Plant Part
188.8.131.52.4 France Chicory Market by Application
184.108.40.206.1 UK Chicory Market by Product Type
220.127.116.11.2 UK Chicory Market by Flour
18.104.22.168.3 UK Chicory Market by Plant Part
22.214.171.124.4 UK Chicory Market by Application
126.96.36.199.1 Italy Chicory Market by Product Type
188.8.131.52.2 Italy Chicory Market by Flour
184.108.40.206.3 Italy Chicory Market by Plant Part
220.127.116.11.4 Italy Chicory Market by Application
18.104.22.168.1 Spain Chicory Market by Product Type
22.214.171.124.2 Spain Chicory Market by Flour
126.96.36.199.3 Spain Chicory Market by Plant Part
188.8.131.52.4 Spain Chicory Market by Application
184.108.40.206.1 Netherlands Chicory Market by Product Type
220.127.116.11.2 Netherlands Chicory Market by Flour
18.104.22.168.3 Netherlands Chicory Market by Plant Part
22.214.171.124.4 Netherlands Chicory Market by Application
126.96.36.199.1 Switzerland Chicory Market by Product Type
188.8.131.52.2 Switzerland Chicory Market by Flour
184.108.40.206.3 Switzerland Chicory Market by Plant Part
220.127.116.11.4 Switzerland Chicory Market by Application
18.104.22.168.1 Austria Chicory Market by Product Type
22.214.171.124.2 Austria Chicory Market by Flour
126.96.36.199.3 Austria Chicory Market by Plant Part
188.8.131.52.4 Austria Chicory Market by Application
184.108.40.206 Rest of Western Europe
220.127.116.11.1 Rest of Western Europe Chicory Market by Product Type
18.104.22.168.2 Rest of Western Europe Chicory Market by Flour
22.214.171.124.3 Rest of Western Europe Chicory Market by Plant Part
126.96.36.199.4 Rest of Western Europe Chicory Market by Application
12.4.1 Asia Pacific Chicory Market by Country
12.4.2 Asia Pacific Chicory Market by Product Type
12.4.3 Asia Pacific Chicory Market by Flour
12.4.4 Asia Pacific Chicory Market by Plant Part
12.4.5 Asia Pacific Chicory Market by Application
188.8.131.52 China Chicory Market by Product Type
184.108.40.206 China Chicory Market by Flour
220.127.116.11 China Chicory Market by Plant Part
18.104.22.168 China Chicory Market by Application
22.214.171.124 India Chicory Market by Product Type
126.96.36.199 India Chicory Market by Flour
188.8.131.52 India Chicory Market by Plant Part
184.108.40.206 India Chicory Market by Application
220.127.116.11 Japan Chicory Market by Product Type
18.104.22.168 Japan Chicory Market by Flour
22.214.171.124 Japan Chicory Market by Plant Part
126.96.36.199 Japan Chicory Market by Application
12.4.9 South Korea
188.8.131.52 South Korea Chicory Market by Product Type
184.108.40.206 South Korea Chicory Market by Flour
220.127.116.11 South Korea Chicory Market by Plant Part
18.104.22.168 South Korea Chicory Market by Application
22.214.171.124 Vietnam Chicory Market by Product Type
126.96.36.199 Vietnam Chicory Market by Flour
188.8.131.52 Vietnam Chicory Market by Plant Part
184.108.40.206 Vietnam Chicory Market by Application
220.127.116.11 Singapore Chicory Market by Product Type
18.104.22.168 Singapore Chicory Market by Flour
22.214.171.124 Singapore Chicory Market by Plant Part
126.96.36.199 Singapore Chicory Market by Application
188.8.131.52 Australia Chicory Market by Product Type
184.108.40.206 Australia Chicory Market by Flour
220.127.116.11 Australia Chicory Market by Plant Part
18.104.22.168 Australia Chicory Market by Application
12.4.13 Rest of Asia-Pacific
22.214.171.124 Rest of Asia-Pacific Chicory Market by Product Type
126.96.36.199 Rest of Asia-Pacific APAC Chicory Market by Flour
188.8.131.52 Rest of Asia-Pacific Chicory Market by Plant Part
184.108.40.206 Rest of Asia-Pacific Chicory Market by Application
12.5 Middle East & Africa
12.5.1 Middle East
220.127.116.11 Middle East Chicory Market by country
18.104.22.168 Middle East Chicory Market by Product Type
22.214.171.124 Middle East Chicory Market by Flour
126.96.36.199 Middle East Chicory Market by Plant Part
188.8.131.52 Middle East Chicory Market by Application
184.108.40.206.1 UAE Chicory Market by Product Type
220.127.116.11.2 UAE Chicory Market by Flour
18.104.22.168.3 UAE Chicory Market by Plant Part
22.214.171.124.4 UAE Chicory Market by Application
126.96.36.199.1 Egypt Chicory Market by Product Type
188.8.131.52.2 Egypt Chicory Market by Flour
184.108.40.206.3 Egypt Chicory Market by Plant Part
220.127.116.11.4 Egypt Chicory Market by Application
18.104.22.168 Saudi Arabia
22.214.171.124.1 Saudi Arabia Chicory Market by Product Type
126.96.36.199.2 Saudi Arabia Chicory Market by Flour
188.8.131.52.3 Saudi Arabia Chicory Market by Plant Part
184.108.40.206.4 Saudi Arabia Chicory Market by Application
220.127.116.11.1 Qatar Chicory Market by Product Type
18.104.22.168.2 Qatar Chicory Market by Flour
22.214.171.124.3 Qatar Chicory Market by Plant Part
126.96.36.199.4 Qatar Chicory Market by Application
188.8.131.52 Rest of Middle East
184.108.40.206.1 Rest of Middle East Chicory Market by Product Type
220.127.116.11.2 Rest of Middle East Chicory Market by Flour
18.104.22.168.3 Rest of Middle East Chicory Market by Plant Part
22.214.171.124.4 Rest of Middle East Chicory Market by Application
126.96.36.199 Africa Chicory Market by country
188.8.131.52 Africa Chicory Market by Product Type
184.108.40.206 Africa Chicory Market by Flour
220.127.116.11 Africa Chicory Market by Plant Part
18.104.22.168 Africa Chicory Market by Application
22.214.171.124.1 Nigeria Chicory Market by Product Type
126.96.36.199.2 Nigeria Chicory Market by Flour
188.8.131.52.3 Nigeria Chicory Market by Plant Part
184.108.40.206.4 Nigeria Chicory Market by Application
220.127.116.11 South Africa
18.104.22.168.1 South Africa Chicory Market by Product Type
22.214.171.124.2 South Africa Chicory Market by Flour
126.96.36.199.3 South Africa Chicory Market by Plant Part
188.8.131.52.4 South Africa Chicory Market by Application
184.108.40.206 Rest of Africa
220.127.116.11.1 Rest of Africa Chicory Market by Product Type
18.104.22.168.2 Rest of Africa Chicory Market by Flour
22.214.171.124.3 Rest of Africa Chicory Market by Plant Part
126.96.36.199.4 Rest of Africa Chicory Market by Application
12.6. Latin America
12.6.1 Latin America Chicory Market by country
12.6.2 Latin America Chicory Market by Product Type
12.6.3 Latin America Chicory Market by Flour
12.6.4 Latin America Chicory Market by Plant Part
12.6.5 Latin America Chicory Market by Application
188.8.131.52 Brazil Chicory Market by Product Type
184.108.40.206 Brazil Chicory Market by Flour
220.127.116.11 Brazil Chicory Market by Plant Part
18.104.22.168 Brazil Chicory Market by Application
22.214.171.124 Argentina Chicory Market by Product Type
126.96.36.199 Argentina Chicory Market by Flour
188.8.131.52 Argentina Chicory Market by Plant Part
184.108.40.206 Argentina Chicory Market by Application
220.127.116.11 Colombia Chicory Market by Product Type
18.104.22.168 Colombia Chicory Market by Flour
22.214.171.124 Colombia Chicory Market by Plant Part
126.96.36.199 Colombia Chicory Market by Application
12.6.9 Rest of Latin America
188.8.131.52 Rest of Latin America Chicory Market by Product Type
184.108.40.206 Rest of Latin America Chicory Market by Flour
220.127.116.11 Rest of Latin America Chicory Market by Plant Part
18.104.22.168 Rest of Latin America Chicory Market by Application
13 Company Profile
13.1 PMV Nutrient Products Pvt Ltd
13.1.1 Market Overview
13.1.3 Product/Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Farmvilla Food Industries Pvt Ltd
13.2.1 Market Overview
13.2.3 Product/Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Murlikrishna Foods Pvt Ltd
13.3.1 Market Overview
13.3.3 Product/Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Starwest Botanicals
13.4 Market Overview
13.4.3 Product/Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 STOKROS Company Ltd
13.5.1 Market Overview
13.5.3 Product/Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Nature’s Gold Production
13.6.1 Market Overview
13.6.3 Product/Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Organic Herb Trading Co
13.7.1 Market Overview
13.7.3 Product/Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Narasu’s Coffee Company
13.8.1 Market Overview
13.8.3 Product/Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 NP Nutra
13.9.1 Market Overview
13.9.3 Product/Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 Shaanxi Sciphar Natural Product Co Ltd.
13.10.1 Company Overview
13.10.3 Product/Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases and Best Practices
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The Flavor Enhancer Market size was USD 8.09 billion in 2022 and is expected to Reach USD 12.41 billion by 2030 and grow at a CAGR of 5.4% over the forecast period of 2023-2030.
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