Chicory Market Size, Share & Trends Analysis Report By Product (Chicory Root, Chicory Leaf), By Application (Food & Beverages, Dietary Supplement) By Region, And Segment Forecasts, 2019 - 2025

Report Overview

The global Chicory market size was estimated at USD 220.6 million in 2018 and is expected to expand at a CAGR of 4.2% during the forecast period. Increasing awareness regarding the health benefit of chicory is the key growth driver. Chicory is used for the treatment of constipation, loss of appetite, high blood pressure, gallbladder disorders, and cancer among other health conditions. The paste of chicory leaves can be directly applied to the skin in case of swelling and inflammation. Apart from the health benefits, application in the food and beverage industry is anticipated to further fuel the product demand.

Rising demand for gluten-free appetizers is anticipated to boost the consumption of chicory in Europe. The introduction of innovative chicory recipes is anticipated to boost product demand. Rising use of chicory in salads, appetizers, and as the alternative to crackers and gluten-containing products is projected to further drive consumption. Market players are expanding their operations and storage capacity to meet the rising demand. The retailers are looking to capitalize on this growth by developing more pre-packaged options for consumers.

In Italy, chicory is grilled with olive oil while in the U.S., it is used in pizza, pasta, and risotto recipes. Such diverse uses are anticipated to bode well for the product demand in the forthcoming years. Chicory holds several healing properties and promotes the growth of healthy microbial flora in the gut. Its root contains a high amount of natural inulin. Studies have shown that replacing sugar with the root can help prevent or reduce the onset of diabetes. This factor is expected to create growth opportunities for the market in near future.

Product Insights

Chicory root held the largest market share of 70.4% in 2018 and is projected to register the fastest CAGR during the forecast period. Increasing the use of the roots as an alternative to coffee is expected to fuel the demand. Chicory coffee helps prevent various disorders including high blood pressure, liver disorders, skin inflammation, and osteoarthritis, and other bone diseases. The coffee is gaining popularity among caffeine sensitive populations which is expected to further drive the product demand in the forthcoming years.

The chicory leaf segment is expected to expand at a CAGR of 3.5% from 2019 to 2025. Rising health consciousness is driving the demand for natural and organic products. Manufacturers majorly focus on organic and natural products to cater to the rising demand which is expected to fuel the product demand. Awareness regarding the medicinal benefits is anticipated to drive the product demand in developed countries such as U.S., Germany, Netherlands, and France.

Application Insights

The food and beverages segment held the leading share of the chicory market in 2018. In developed countries such as the U.S., Italy, and Germany among others, chicory is mixed with coffee and beetroot to mask the better taste of the coffee. In the U.S., it is largely consumed in salads and as a natural appetizer and snacking option.

Increasing awareness regarding the benefit of chicory in the prevention of chronic diseases such as heart diseases, hypertension, diabetes, osteoporosis, and certain types of cancer. The presence of essential nutrients such as B6 and manganese help maintain brain health.

Inulin is extracted from chicory root and is used in variousdietary supplementsas an alternative to sugar. It is used in various dairy products including yogurts, cheese, and ice creams. The demand for dairy products is growing worldwide. Among various milk-based products, yogurt and yogurt beverages are gaining popularity owing to the presence of a high amount of prebiotics. Inulin is mainly used as a fat and sugar alternative and texture modifier. It is also used to enhance the nutritional content of foods and beverages to increase their dietary fiber content. These factors are expected to drive product demand over the forecast period.

Regional Insights

Europe held the largest market share of 82.2% in 2018. Increasing health awareness and consumption of chicory coffee are the major regional growth drivers. In 2018, Belgium accounted for 47.3% of global revenue share. Increasing demand for sugar alternatives is projected to drive the regional market over the forecast period.

North America is expected to grow at a CAGR of 5.2% over the forecast period. Increasing production coupled with the rising awareness regarding the health benefits of the product is expected to drive the market. The U.S. is one of the largest consumers of chicory and accounted for more than 80% share of the North America market in 2018.

Key Companies & Market Share Insights

The global market is highly fragmented in nature. Cargill, Incorporated is the major market player. Some of the other players operating in the market are Wilmar Delecto Foods Pvt Ltd., Starwest Botanicals, Leroux, Pioneer Chicory, Nature’s Gold Production, Organic Herb Trading Co., Jamnagar Chicory Industries, STOKROS Company Ltd., and FARMVILLE. The companies focus on Non-GMO and organic products to cater to the rising consumer demand.

Chicory Market Report Scope

Report Attribute	Details
The market size value in 2020	USD 238.4 million
The revenue forecast in 2025	USD 294.2 million
Growth Rate	CAGR of 4.2% from 2019 to 2025
The base year for estimation	2018
Historical data	2015 - 2017
Forecast period	2019 - 2025
Quantitative units	Revenue in USD million/billion and CAGR from 2019 to 2025
Report coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered	Product, application, region
Regional scope	North America; Europe; Asia Pacific; Rest of the World
Country scope	U.S.; Belgium; Netherlands; France; Thailand
Key companies profiled	Cargill, Incorporated; Wilmar Delecto Foods Pvt Ltd.; Starwest Botanicals; Leroux; Pioneer Chicory; Nature’s Gold Production; Organic Herb Trading Co.; Jamnagar Chicory Industries; STOKROS Company Ltd.; FARMVILLE
Customization scope	Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country; regional & segment scope.
革命制度党cing and purchase options	Avail customized purchase options to meet your exact research needs.Explore purchase options

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For this study, Grand View Research has segmented the global chicory market report based on product, application, and region:

• Product Outlook (Revenue, USD Million, 2015 - 2025)

  • Chicory Root

  • Chicory Leaf

• Application Outlook (Revenue, USD Million, 2015 - 2025)

  • Food & Beverages

  • Dietary Supplement

  • Other

• Regional Outlook (Revenue, USD Million, 2015 - 2025)

  • North America

    • The U.S.

  • Europe

    • Belgium

    • Netherlands

    • France

  • Asia Pacific

    • Thailand

  • Rest of the World