Chicory Products Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

  • Single User License $3500

Chicory Products Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028

Status : January, 2023 | Food and Beverages

Report Digest

Global Chicory Products Market: Snapshot

The major growth driver for the global chicory products market is increasing knowledge of chicory's health benefits. Chicory is utilized to treat a variety of ailments, including high blood pressure, constipation, gallbladder issues, lack of appetite, and cancer. In cases of edema and irritation, chicory leaf paste can be applied straight to the skin. Besides the health advantages, the product's use in the food and beverage business is expected to boost demand in the global chicory products market.

Due to factors such as busy lifestyles, expanding knowledge regarding preventative healthcare practices, increasing disposable incomes, and keeping better health, millennials choose to consume these food and beverage that give health advantages and are organic in nature. Other factors expected to drive demand for chicory include the rising number of applications for chicory, particularly due to its  anti-oxidant and anti-inflammatory characteristics, it is used in the cosmetic and personal care business in developing as well as underdeveloped nations.

Chicory intake in Europe is expected to increase as demand for gluten-free appetizers grows. Product demand is predicted to rise as a result of the launch of new chicory recipes. Chicory's popularity is expected to grow as it becomes more widely used in appetizers, salads, and as a gluten-free alternative to crackers and other gluten-containing foods. In order t o satisfy the rising demand, market participants are expanding their storage and operations capacity. Retailers are attempting to cash in on this trend by offering shoppers additional pre-packaged alternatives.

Chicory, or Cichorium intybus, is a dandelion-like woody herbaceous plant. Its blooms are generally vivid blue, however they can also be white or pink. Chicory is grown for both its roots and leaves. Chicory root is also high in inulin, a form of prebiotic fiber that has been related to weight loss and better digestive health. Inulin supplementation has been demonstrated in several trials to enhance the concentration of specific strains of good bacteria in the colon and help regulate blood sugar levels. As a result of all of these positive attributes, chicory is a healthier option to a variety of components in a variety of applications, including cosmetics and personal care, food and drinks, nutritional supplements, feed and pet food, and  with a promising market potential in the years to come.

Global Chicory Products Market: Overview

Global chicory market is expected to witness a substantial growth in the forecast period of 2018 to 2028 owing to its numerous medical properties. Moreover, the no-caffeine contents make chicory products an excellent replacement for coffee without any side-effects. This factor is also a major factor that is expected to influence the growth of global chicory products market during the projected time frame.

Furthermore, rising demand for chicory floor in rising food and beverages industry is also expected to contribute to the growth of global chicory products market. Also, various health benefits such as excellent treatment for liver malfunction, gallbladder disorder, and constipation are few more reasons responsible for the growth of global chicory products market in the forecast period of 2018 to 2028.

A report by TMR Research, covers all the essential insights for the players of global chicory products market. The report offers crucial information about various facets of the market such as notable developments, major challenges, key opportunities, and drivers.

Global Chicory Products Market: Notable Developments and Competitive Analysis

The global chicory products market is expected to be quite competitive during the forecast period of 2018 to 2028. This because, the market has various lucrative opportunities such as rising demand food and beverages and pharmaceutical industry that are attracting various players to join the market. This as a result, is flooding the global chicory market with new players.

As a result of growing number of players, and rising competition, the players are resorting to various strategies to overcome this scenario. The players are resorting to strategies such as merger, collaborations, and partnerships. These strategies are providing much needed edge amongst the rivals and are supporting them to have a sustainable future in global chicory products market.

Moreover, the players are also leveraging the opportunities in the market created by various announcements by Food and Drug Administration (FDA). Some of the announcements are as follows:

  • In June 2018, Foods and Drugs Administration announced that chicory roots fiber will be included in their newly established list of approved dietary edible fibers. FDA is willing to include these roots fiber in their list under new food and nutrition labeling regulations. This as a result has opened the doors of opportunities for the BENEO Ingredients to acquire a large share of global chicory products market with their Orafti® inulin and Oligofructose.

Global Chicory Products Market: Key Drivers

Benefits such as Antioxidants and Anticancer Properties to Fuel the Growth of the Market

Chicory products are prebiotic in nature as a result they have exceptional health benefits. The benefits include, enhancement to digestive system, anticancer, antioxidant, and high nutritive value. This as a result is attracting various healthcare and pharmaceutical companies to focus their interest in including chicory products in their variety of medicines. Owing to this, the global chicory market is expected to grow substantially in the forecast period of 2018 to 2028.

Moreover, changing dynamics of personal health in populace of various regions such as less salt, fat, sugar consisting foods, without giving up on the flavor and taste is another factor that is anticipated to propel the growth of global chicory products market in coming years.

Global Chicory Products Market: Regional Outlook

Geographically, Europe is expected to witness largest growth in global chicory market. The growth of the region is the result of the rising consumption of chicory products in France, Belgium, and Netherlands. Moreover, growing use of inulin by various pharmaceutical companies to treat nervous and circulatory disorders in Europe is also a key factor that is expected to influence the growth of Europe in global chicory products market during forecast period of 2018 to 2028.

The global chicory products market is segmented on the basis of:

  • Type
    • Chicory Flour
    • Instant Powder
    • Chicory Extract
    • Roasted Chicory
  • Application
    • Food and Beverages
    • Pharmaceuticals
    • Dietary Supplements
  • Distributional Channel
    • Hypermarket
    • Supermarket
    • Convenience Stores
    • Specialty Stores
    • Online Stores

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?