Chicory Product Market Analysis: Global Industry Size, Growth and Forecast

Report ID : 1302907 | Published : February 2025 | Study Period : 2023-2033 | Format : PDF + Excel

The market size of the Chicory Product Market is categorized based on Product Type (Chicory Root, Chicory Leaves, Chicory Powder, Chicory Extract, Chicory Inulin) and Application (Food & Beverages, Dietary Supplements, Pharmaceuticals, Animal Feed, Cosmetics) and Distribution Channel (Online, Offline, Supermarkets/Hypermarkets, Specialty Stores, Health Food Stores) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Valued at USD 1.2 billion in 2023, the Chicory Product Market size is expected to grow to USD 2.0 billion by 2033, with a CAGR of 5.5% from 2024 to 2033. The report comprises various segments and analyzes the trends and factors playing a substantial role in the market.

With the rising shift towards consuming healthier food options, the Chicory Product Market has emerged as a competitive segment in the agriculture sector. Chicory has a unique taste, and its flavor is beneficial to people's health. It can be used in several products like coffee substitutes, dietary supplements, and even as a food additive. The rise of health aware consumers is set to enhance the market for chicory and the functional ingredients it possesses, which can further foster innovation within both well-established and developing markets.

Recent years have seen increasing interest from manufacturers and consumers due to the multipurpose use of chicory. With properties like Inulin (a prebiotic) being a part of Chicory, it is easily offered by health-focused brands. The modern world’s growing awareness regarding gut health, paired with the increasing movement towards vegetarian diets, only intensifies the need for Chicory. Hence, in order to realize the opportunity, businesses in this space need to master rapidly changing consumer trends, regulatory environments, and competitive dynamics.

At Verified Industry Insights, we take a closer look at the chicory product market by studying trends, consumer purchases, and important stakeholders to better serve companies looking to take advantage of this growth. Our extensive efforts and methodologies ensure that we capture every detail in regards to how the market works which in turn enables our clients’voicing decisions and ensures their orderly strategy in this favorable setting. There is no question that as a manufacturer or retailer, or an investor, understanding the market for chicory products is crucial to gaining its benefits and fostering success in the B2B industry.

 

ATTRIBUTES	DETAILS
STUDY PERIOD	2023-2033
BASE YEAR	2023
FORECAST PERIOD	2024-2033
HISTORICAL PERIOD	2023-2024
UNIT	VALUE (USD BILLION)
KEY COMPANIES PROFILED	Nutraceutical Corporation, M. M. A. C. C. S.A., Cafe de Colombia S.A., Sambavanam Pvt. Ltd., Beneo GmbH, Royal Ingredients Group, Groupe Roquette Frères, Danish Crown A/S, Naturex SA, Herbalife Nutrition Ltd., Hawkins Watts Limited
SEGMENTS COVERED	By Product Type - Chicory Root, Chicory Leaves, Chicory Powder, Chicory Extract, Chicory Inulin By Application - Food & Beverages, Dietary Supplements, Pharmaceuticals, Animal Feed, Cosmetics By Distribution Channel - Online, Offline, Supermarkets/Hypermarkets, Specialty Stores, Health Food Stores By Geography - North America, Europe, APAC, Middle East Asia & Rest of World.

---

Chicory Product Market Dynamics

The Chicory Product Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.

Market Drivers

1. Technological Advancements
2. Increasing Consumer Demand
3. Regulatory Support
4. Globalization

Market Restraints

1. High Operational Costs
2. Regulatory Challenges
3. Market Saturation

Market Opportunities

1. Emerging Markets
2. Product Innovation
3. Strategic Partnerships

Market Challenges

1. Technological Disruptions
2. Supply Chain Issues
3. Changing Consumer Preferences

---

Key Players in the Chicory Product Market

This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.

• Nutraceutical Corporation
• M. M. A. C. C. S.A.
• Cafe de Colombia S.A.
• Sambavanam Pvt. Ltd.
• Beneo GmbH
• Royal Ingredients Group
• Groupe Roquette Frères
• Danish Crown A/S
• Naturex SA
• Herbalife Nutrition Ltd.
• Hawkins Watts Limited

---

Customization Options

Verified Industry Insights offers one of the following report customization options to our respectable clients :

Company Profiling

● Detailed profiling of additional market players (up to three players)
● SWOT analysis of key players (up to three players)

Competitive Benchmarking

● Benchmarking of key players on the following parameters : Product portfolio, geographical reach, regional presence, and strategic alliances.

Custom Research

Verified Industry Insights offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to [email protected] or call us at +1 743 222 5439

© 2024 Verified Industry Insights. All Rights Reserved