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Excellent Growth Of Chicory Market By 2025 With Top Leading Key Players Are Pioneer Chicory, Organic Herb Trading Co., Delecto Foods Pvt Ltd.| Grand View Research, Inc.

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Excellent Growth Of Chicory Market By 2025 With Top Leading Key Players Are Pioneer Chicory, Organic Herb Trading Co., Delecto Foods Pvt Ltd.| Grand View Research, Inc.

March 22
06:12 2021
 Excellent Growth Of Chicory Market By 2025 With Top Leading Key Players Are Pioneer Chicory, Organic Herb Trading Co., Delecto Foods Pvt Ltd.| Grand View Research, Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
According to a report published by Grand View Research, the key driving factor boosting the global chicory market is the rising awareness regarding the health benefits of chicory as it is used in the treatment of constipation, high blood pressure, and gallbladder disorders. Owing to the COVID-19 pandemic, customers are now turning to chicory blends to reduce the health risks associated with caffeine. Thus, the COVID-19 has improved chicory’s growth prospects because of its health benefits.

The global chicory market size is anticipated to reach USD 294.2 million by 2025. It is projected to register a CAGR of 4.2% during the forecast period. The introduction of new chicory recipes is expected to increase the demand for chicory in the global market. The increasing use of chicory in salads, appetizers, and as a replacement for crackers and gluten-containing products is expected to drive the consumption even further.

Chicory is grilled with olive oil in Italy, while it is used in pizza, pasta, and risotto recipes in the U.S. Such a wide range of applications is expected to boost the product demand in the coming years. Chicory has a range of healing properties and encourages the development of beneficial microbial flora in the gut. Its root has a high concentration of natural inulin. According to a study, replacing sugar with the root helps in avoiding or postponing the development of diabetes. This factor is expected to provide opportunities for market growth over the forecast period. 

Chicory Market Report Highlights

 On the basis of product, the chicory root segment held the largest market share of 70.4% in 2018. The segment is also expected to register the fastest CAGR during the forecast period.

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.

The U.S. is one of the largest consumers of the product and accounted for more than 85% share of the North American chicory market in 2018.

On the basis of application, 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.

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 June 2020, Beneo has expanded its chicory root fiber and rice starch ingredient portfolio with two organic solutions. The launch of the new additions includes “Remyline O AX DR”, an organic waxy rice starch, and “Orafti Organic”, a chicory root fiber.

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Chicory Market Segmentation

Grand View Research has segmented the global chicory market by product, application, and region:

Chicory Product Outlook (Revenue, USD Million, 2015 – 2025)

     Chicory Root
     Chicory Leaf

Chicory Application Outlook (Revenue, USD Million, 2015 – 2025)

     Food & Beverage
     Dietary Supplement
     Others

Chicory Region Outlook (Revenue, USD Million, 2015 – 2025)

     North America
        • The U.S.
    • Europe
        • Belgium
        • France
        • Netherlands
    • Asia Pacific
        • Thailand
    • Rest of the World

List of Key Players of Chicory Market

    • Cargill, Incorporated.
    • Delecto Foods Pvt Ltd.
    • Starwest Botanicals
    • Leroux
    • Pioneer Chicory
    • Nature’s Gold Production
    • Organic Herb Trading Co.
    • Jamnagar Chicory Industries.
    • STOKROS company Ltd.
    • FARMVILLE

Have Any Query? Ask Our Experts @ https://www.grandviewresearch.com/inquiry/6442/ibb

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About Grand View Research

Grand View Research is a U.S. & India-based market research and consultancy firm. It is headquartered in San Francisco. We provide business insights, syndicated research reports, and customized research reports to large as well as small and medium-scale enterprises. Our database features thousands of statistics and in-depth analyses on more than 45 industries. Grand View Research’s extensive database is used by Fortune 500 companies to understand the regional as well as the global business environment.

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