The global roasted chicory market was valued at USD 582.8 million in 2019 and is expected to reach USD 722.6 million by 2026, expanding at a CAGR of around 5.6% during the forecast period, 2020 – 2026.
Chicory is a member of dandelion family; it is a perennial herbaceous plant, which is used as vegetables and in salads. Chicory, also known as Cichorium intybus, is a plant with blue, white, or pink flowers. Chicory is a well-known substitute of coffee with no caffeine content.
The lifestyle trend and habits followed by the population currently has led to a widespread occurrence of health disorders and diseases, which include obesity, diabetes and hypertension. Incorporation of functional foods such as chicory extract in on a daily basis is believed to be protective against such diseases. Chicory became popular for its health benefits such as prevention of heartburns, lowering of blood sugar, boosting immunity and detoxification of liver. The root of chicory is also used extensively as a natural source of probiotics and also works in reducing weight. The roots of chicory are cultivated and processed for food and beverage industry.
Chicory coffee is a beverage made using the roots of the chicory plant, which are roasted, ground, and brewed into a coffee-like drink. The leaves of the chicory plant are used for preparation of salad and is eaten raw.
Key players operating in the global chicory products market include Narasus Coffee Company, Cargill Inc, Starwest Botanicals Inc, Chicobel Pvt Ltd, Jarrow Formulas, Leroux, Pioneer Chicory, Delecto Fods, and Prewett’s Health Foods.
In 2018, Keygene announced the launch CHIC Project. The project is funded by European Union’s Horizon 2020 research & innovation program and Keygene is one of the 17 members of the consortium. The research is focused on chicory as a multipurpose crop for dietary fiber and medicinal terpenes.
Chicory extract is also referred to as inulin by some manufacturers as it has become a mainstream product. It is predicted that the chicory extract market will grow in the coming years attributable to chicory extract’s enhanced fiber content and evolving applications. Companies such as Kraft and Catelli are reported to have incorporated a significant quantity of inulin or chicory extract to their consumer health-focused brands.
Segments Covered in This Report:
This report offers revenue, production, market share and growth rate of different product types, Depending on product type this market is segmented as:
This report offers revenue, consumption, market share and growth rate of different applications, Depending on applications this market is segmented as:
On the basis of geography, the Roasted Chicory market is segmented into following regions:
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Segments Covered in This Report:
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Roasted Chicory Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.4. Market Trends
4.4. Roasted Chicory Market – Supply Chain
4.5. Global Roasted Chicory Market Forecast
4.5.1. Roasted Chicory Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Roasted Chicory Market Size (000? Units) and Y-o-Y Growth
4.5.3. Roasted Chicory Market Absolute $ Opportunity
5.1. Market Trends
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Roasted Chicory Market Size and Volume Forecast by Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6.1. Market Trends
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Roasted Chicory Market Size and Volume Forecast by Application
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
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