Global Chicory Market Growth 2023-2029

Global Chicory Market Growth 2023-2029

Chicory (Chicorium intybus) is a somewhat woody, perennial herbaceous plant of the dandelion family usually with bright blue flowers, rarely white or pink. It can be found throughout all parts of Africa, Europe, and other temperate regions of the world.

Chicory root is commonly processed for food and beverage industry. The leaves of the chicory plant are also in demand in markets around the world; the leaves are used in the preparation of salads and eaten raw as greens.

In this report, statistics are related to commercial processing products of chicory root, including chicory flour, roasted chicory, liquid chicory, and instant chicory.

LPI (LP Information)' newest research report, the “Chicory Industry Forecast” looks at past sales and reviews total world Chicory sales in 2022, providing a comprehensive analysis by region and market sector of projected Chicory sales for 2023 through 2029. With Chicory sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Chicory industry.

This Insight Report provides a comprehensive analysis of the global Chicory landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Chicory portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Chicory market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Chicory and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Chicory.

The global Chicory market size is projected to grow from US$ 622.3 million in 2022 to US$ 936.7 million in 2029; it is expected to grow at a CAGR of 936.7 from 2023 to 2029.

Europe is the largest Chicory market with about 94% market share. South America is follower, accounting for about 2% market share.

The key players are Beneo, Cosucra, Xylem Inc, Leroux, Violf, PMV Nutrient Products, FARMVILLA etc. Top 3 companies occupied about 79% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Chicory market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Chicory Flour

Roasted Chicory

Chicory Inulin

Others

Segmentation by application

Beverage Industry

Food Industry

Health Care Products and Medicines

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Beneo

Cosucra

Xylem Inc

Leroux

Violf

PMV Nutrient Products

FARMVILLA

Key Questions Addressed in this Report

What is the 10-year outlook for the global Chicory market?

What factors are driving Chicory market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Chicory market opportunities vary by end market size?

How does Chicory break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.