We are monitoring the impact of COVID-19 on Chicory Market Get in touch with us for detailed analysis Know More
Pulished Date April, 2021
ID: 10654
Share on
Share on

Global Chicory Market by Product Type (Roasted, Extracts, Instant Powder and Flour), by Form (Cubes, Powder and Liquid), by Application (Dietary Supplement, Feed & Pet Food, Food & Beverage and Cosmetics & Personal Care), and by Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2021 – 2026)

Pulished: April, 2021
ID: 10654
Pages: 175

Chicory Market Growth and Forecast (2021-2026):

The Global Chicory Market size was at US$ xx million in 2021, and it is estimated that it will reach a valuation of US$ xx million by 2026 with an annual development rate of xx% between 2021 and 2026.

Market Overview:

Chicory was originally used as a medicine by the Egyptians and was found in areas such as Europe and Asia. Chicory, a member of the dandelion family, is a perennial herbaceous plant and is used primarily in salads. Chicory roots are roasted and used as an adjective in place of coffee. Chicory is gaining popularity for its health benefits, such as preventing heartburn, reducing arthritis pain, bacterial infections, strengthening the immune system, detoxifying the liver and gallbladder, reducing digestive problems, and reducing risk of heart disease. Chicory roots are widely used as a natural source of probiotics and are also beneficial for weight loss. The growing awareness that chicory plants are a great source of the vitamins, magnesium, minerals, folate and potassium will drive the growth of this market. Since ancient times, the dried root of chicory has been used as a medicine. When dried and roasted, the chips serve as a substitute for caffeine-free coffee. Chicory root adds fiber to foods and has a creamy texture and is smooth on the palate like fat.

Chicory Market Growth:

Consumers these days want to eat a healthy diet, but lifestyle changes and busy work schedules prevent them from meeting their daily needs.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2026

Base Year

2020

Forecast Period

2021 - 2026

CAGR

xx%

Segments Covered

By Product Type, Form, Application and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Jarrow Formulas, Cosucra, Delecto Foods Private Limited, Shaanxi Sciphar Natural Products Co., LTD, Starwest Botanicals, Wilmar Delecto Foods Pvt Ltd, Pioneer Chicory, Leroux, Organic Herb Trading Co, Nature 's Gold Production, StokrosCompany Ltd, Jamnagar Chicory Industries, Farmville, The Tierra Group, Beneo-Orafti SA, Ciranda, Inc, Sensus BV, Wuxi Cima Science Co. Ltd, Fenchem, Inc. and Others.

Drivers:

The demand for healthy drinks or bars containing natural ingredients will increase chicory market size in future. Sales of chicory products will also increase by proposing to food and beverage companies to engage in research and development activities to improve the profile of food in terms of nutritional and multifunctional values. One of the main factors driving the development and growth of the world chicory market is regional integration and free trade agreements. Another factor in the growth of this market is the rise of modern retail formats and the growing friends of food courts and specialty stores in shopping malls. Chicory is currently 10 times cheaper than coffee. Rising world prices have led to a further rise in prices for coffee powder, making it impossible for companies to absorb the higher costs of raw materials. Large coffee companies with several of the best-selling brands have increased the chicory content in their brand-name sachets from 30% to 49%. The increased functionality of chicory in the pharmaceutical sector is also affecting market growth. This led to a significant increase in the cultivation of chicory roots, which led to an increase in the production of instant chicory powder in major countries. Therefore, people prefer more chicory because it is cheaper, has health benefits, and does not contain caffeine. Free trade helped consolidate the supply chain and as a result trade activity between countries became active, which has greatly benefited chicory manufacturers as they now have access to other countries and consequently have boosted the growth of the global chicory market. As health-related problems like obesity and diabetes increase, demand for chicory increases, aids weight loss, and lowers blood sugar function.

The increasing market demand for chicory is due to usage in food and beverage products, as well as nutritional supplements due to their health benefits. There is a growing demand for complementary products and energy bars due to health awareness, and opportunities exist for chicory market products. The growing trend and demand for clean labels and healthy foods has opened up new opportunities for innovation and new uses for chicory market in a variety of products. Chicory market can be used in the pharmaceutical industry, especially during the production of tablets and syrups, increasing the demand for the product. Consumers have easy access to these products at specialty stores, shopping centers, etc. Shopping malls and supermarkets will increase the visibility of a wide range of products containing chicory ingredients and will also help the market grow. Prebiotics within the dietary supplement market and this will have a positive impact on the chicory market. Another major factor driving the demand for chicory ingredients is the growing demand for healthy beverages around the world. Therefore, the rising need for healthy foods is having a positive impact on the global chicory market.

Restraints:

Lack of awareness limits the growth of the chicory market. The growth of the market is hampered by factors such as the health risks associated with excessive consumption of chicory. Furthermore, the high technical expertise required to produce certain chicory-based products, coupled with limited consumer awareness, hampers the development of this market.

Chicory Market Segmentation Analysis:

By type, the instant powder segment dominated the global chicory market in 2019. This is because instant powder is widely available around the world. Furthermore, the main dominant market players offer a wide range of chicory powders to players in a variety of application industries.

Depending on the form, the powder form is used in a variety of applications. Other forms are of relatively limited use and are offered by very few players on the market. Furthermore, the powdered form is primarily manufactured by the major industry players, contributing to the largest share of the global chicory market by form in 2019.

By application, the food and beverage sector was dominant in 2019. Chicory is widely used as an alternative to coffee. In addition, the leaves are consumed in various salads around the world. Food and beverage manufacturers prefer this ingredient because of the inulin content and other essential nutrients.

Impact of COVID 19 on the Chicory Market:

The coronavirus pandemic has significantly increased the consumption of ready-to-drink and ready-to-drink beverages. This mainly includes beverages such as coffee, juices, and balms. The work-from-home culture has been revitalized due to the closure and curfew of various local and central governments. As work and life stress increases and life is busy, the world's population begins to consume more and more coffee to increase concentration and focus on work. To meet this growing demand, coffee manufacturers have increased or increased their production capacity and volume. This led to a simultaneous increase in chicory consumption. This is because it is used as a blend of most ready-to-mix and ready-to-drink coffee products. Because it does not contain caffeine and is a healthy and inexpensive coffee substitute, manufacturers have started to include it primarily in their coffee processing processes. Consumers also prefer chicory mixes to minimize the health risks associated with caffeine. Therefore, the pandemic has strengthened the growth prospects of chicory, not only a cheaper replacement for coffee, but also provides health benefits.

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

The global chicory market is geographically segmented into North America, Asia Pacific, Eastern Europe, Western Europe, Middle East and Africa, and Latin America. Chicory root is mainly found as a wild plant that grows on the roadside in European regions. Currently, it is also found in regions such as Australia and North America. The rise in usage from the food and beverage sector is supporting the market domination of chicory in Europe. Chicory is grown mainly in the Netherlands, northern France, and Belgium. The market in North America is likely to see high growth in terms of increased selection of chicory and increased demand for clean-labeled foods. Europe is followed by Latin America. In North America, chicory root is used in the pharmaceutical industry to promote market growth. In Asia Pacific, developing countries such as China and India are among the fastest growing regions due to pro-government policies and financial support for chicory agriculture.

Key Players in the Market:

Major Key Players in the Global Chicory Market are

  • Jarrow Formulas
  • Cosucra
  • Delecto Foods Private Limited
  • Shaanxi Sciphar Natural Products Co., LTD
  • Starwest Botanicals
  • Wilmar Delecto Foods Pvt Ltd
  • Pioneer Chicory
  • Leroux
  • Organic Herb Trading Co
  • Nature 's Gold Production
  • StokrosCompany Ltd
  • Jamnagar Chicory Industries
  • Farmville
  • The Tierra Group
  • Beneo-Orafti SA
  • Ciranda, Inc
  • Sensus BV
  • Wuxi Cima Science Co. Ltd
  • Fenchem, Inc.,etc

 

 

1. Introduction                         

          1.1 Market Definition                

          1.2 Scope of the report             

          1.3 Study Assumptions             

          1.4 Base Currency, Base Year and Forecast Periods            

2. Research Methodology                    

          2.1 Analysis Design         

          2.2 Research Phases                 

                   2.2.1 Secondary Research

                   2.2.2 Primary Research    

                   2.2.3 Data Modelling       

                   2.2.4 Expert Validation    

          2.3 Study Timeline          

3. Report Overview                   

          3.1 Executive Summary             

          3.2 Key Inferencees         

4. Market Dynamics                            

          4.1 Impact Analysis         

                   4.1.1 Drivers         

                   4.1.2 Restaints     

                   4.1.3 Opportunities         

          4.2 Regulatory Environment                

          4.3 Technology Timeline & Recent Trends               

5. Competitor Benchmarking Analysis                     

          5.1 Key Player Benchmarking               

                   5.1.1 Market share analysis       

                   5.1.2 Products/Service    

                   5.1.3 Regional Presence   

          5.2 Mergers & Acquistion Landscape             

          5.3 Joint Ventures & Collaborations               

6. Market Segmentation                      

          6.1 Chicory Market, By Product Type             

                   6.1.1 Roasted       

                   6.1.2 Extracts       

                   6.1.3 Instant Powder       

                   6.1.4 Flour  

                   6.1.5 Market Size Estimations & Forecasts (2021-2026)   

                   6.1.6 Y-o-Y Growth Rate Analysis       

                   6.1.7 Market Attractiveness Index       

          6.2 Chicory Market, By Application                

                   6.2.1 Dietary Supplement

                   6.2.2 Feed & Pet Food     

                   6.2.3 Food & Beverage     

                   6.2.4 Cosmetics & Personal Care

                   6.2.5 Market Size Estimations & Forecasts (2021-2026)   

                   6.2.6 Y-o-Y Growth Rate Analysis       

                   6.2.7 Market Attractiveness Index       

          6.3 Chicory Market, By Form               

                   6.3.1 Cubes

                   6.3.2 Powder        

                   6.3.3 Liquid 

                   6.3.4 Market Size Estimations & Forecasts (2021-2026)   

                   6.3.5 Y-o-Y Growth Rate Analysis       

                   6.3.6 Market Attractiveness Index       

7. Geographical Landscape                            

          7.1 Global Identity Governance and Administration Market, by Region              

          7.2 North America - Market Analysis (2021-2026)         

                   7.2.1 By Country   

                             7.2.1.1 USA

                             7.2.1.2 Canada

                   7.2.2 By Product Type     

                   7.2.3 By Application        

                   7.2.4 By Form       

          7.3 Europe            

                   7.3.1 By Country   

                             7.3.1.1 UK

                             7.3.1.2 France

                             7.3.1.3 Germany

                             7.3.1.4 Spain

                             7.3.1.5 Italy

                             7.3.1.6 Rest of Europe

                   7.3.2 By Product Type     

                   7.3.3 By Application        

                   7.3.4 By Form       

          7.4 Asia Pacific               

                   7.4.1 By Country   

                             7.4.1.1 China

                             7.4.1.2 India

                             7.4.1.3 Japan

                             7.4.1.4 South Korea

                             7.4.1.5 South East Asia

                             7.4.1.6 Australia & NZ

                             7.4.1.7 Rest of Asia-Pacific

                   7.4.2 By Product Type     

                   7.4.3 By Application        

                   7.4.4 By Form       

          7.5 Latin America            

                   7.5.1 By Country   

                             7.5.1.1 Brazil

                             7.5.1.2 Argentina

                             7.5.1.3 Mexico

                             7.5.1.4 Rest of Latin America

                   7.5.2 By Product Type     

                   7.5.3 By Application        

                   7.5.4 By Form       

          7.6 Middle East and Africa         

                   7.6.1 By Country   

                             7.6.1.1 Middle East

                             7.6.1.2 Africa

                   7.6.2 By Product Type     

                   7.6.3 By Application        

                   7.6.4 By Form       

8. Key Player Analysis                         

          8.1 Jarrow Formulas                  

                   8.1.1 Business Description        

                   8.1.2 Products/Service    

                   8.1.3 Financials     

                   8.1.4 SWOT Analysis       

                   8.1.5 Recent Developments       

                   8.1.6 Analyst Overview    

          8.2 Cosucra          

          8.3 Delecto Foods Private Limited                  

          8.4 Shaanxi Sciphar Natural Products Co., Ltd          

          8.5 Starwest Botanicals             

          8.6 Wilmar Delecto Foods Pvt Ltd                  

          8.7 Pioneer Chicory         

          8.8 Organic Herb Trading Co.              

          8.9 Nature 's Gold Production              

          8.10 Stokros Company Ltd.                 

9. Market Outlook & Investment Opportunities                            

Appendix                        

          List of Tables                  

          List of Figures                 

 
  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The Segment-level analysis in terms of By Product Type, Form, Application and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

 

 

 

  1. Global Chicory Market By Region, From 2021-2026 ( USD Billion )
  2. Global Chicory Market By Product Type, From 2021-2026 ( USD Billion )
  3. Global Roasted Market By Region, From 2021-2026 ( USD Billion )
  4. Global Extracts Market By Region, From 2021-2026 ( USD Billion )
  5. Global Instant Powder Market By Region, From 2021-2026 ( USD Billion )
  6. Global Flour Market By Region, From 2021-2026 ( USD Billion )
  7. Global Chicory Market By Application, From 2021-2026 ( USD Billion )
  8. Global Dietary Supplement Market By Region, From 2021-2026 ( USD Billion )
  9. Global Feed & Pet Food Market By Region, From 2021-2026 ( USD Billion )
  10. Global Food & Beverage Market By Region, From 2021-2026 ( USD Billion )
  11. Global Cosmetics & Personal Care Market By Region, From 2021-2026 ( USD Billion )
  12. Global Chicory Market By Form, From 2021-2026 ( USD Billion )
  13. Global Cubes Market By Region, From 2021-2026 ( USD Billion )
  14. Global Powder Market By Region, From 2021-2026 ( USD Billion )
  15. Global Liquid Market By Region, From 2021-2026 ( USD Billion )

Please wait. . . . Your request is being processed

LICENCE TYPE

$ 1234 4255

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample