Chicory Market to Grow with a CAGR of 6.72% through 2029
The global chicory market is growing due
to rising demand for caffeine-free alternatives, health benefits associated
with prebiotics, and increased use in the food, beverage, and dietary
supplement industries.
According to
TechSci Research report, “Chicory Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2029F”, the global Chicory
market stood at USD 664.01
million in 2023 and is expected to grow USD 977.43
million by 2029 with a CAGR of 6.72% during the forecast period. The
global chicory market is experiencing steady growth, driven by its increasing
use in food and beverages, particularly as a caffeine-free coffee substitute.
Known for its health benefits, such as high inulin content supporting digestive
health, chicory is also gaining traction in personal care and cosmetics. Rising
health awareness and the shift toward natural, plant-based ingredients further
propel demand, especially in regions like Asia Pacific and North America. As
consumer interest in wellness products grows, chicory’s applications across
functional foods and dietary supplements are expanding, strengthening its
position in the global market.
Advances in chicory farming, processing, and extraction technologies are further driving growth in the chicory market. With inulin extraction and chicory cultivation becoming more efficient, the production of chicory-based products is scaling up, reducing costs and making chicory products more accessible to consumers globally. Companies are investing in improved extraction techniques to enhance the purity and quality of inulin derived from chicory root, catering to industries that require high-quality ingredients for specialty health and functional foods.
In addition, sustainable farming practices are being adopted in chicory cultivation, aligning with the growing consumer preference for eco-friendly and responsibly sourced ingredients. Innovations in crop breeding have also led to chicory varieties with higher inulin content, which enhances yields and reduces the land area required for cultivation. As the industry focuses on improving yields and sustainability, these advances help to stabilize prices and ensure the consistent availability of chicory ingredients for manufacturers across multiple sectors.
The growing demand for functional and health-oriented ingredients has led to the rise of several alternative options that compete with chicory. Ingredients such as psyllium husk, flaxseed, chia seeds, and other sources of dietary fiber and prebiotics are increasingly popular among consumers looking for digestive health benefits. These alternatives are often widely available, versatile, and can be incorporated into a range of products, making them strong competitors to chicory.
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"Global Chicory Market”
The global Chicory
market is segmented into type, application, and region.
Based on application,
the cosmetics & personal care segment is the fastest-growing area in the
global chicory market, driven by rising consumer demand for natural ingredients
with skin-enhancing benefits. Chicory root extract is increasingly popular for
its antioxidant, anti-inflammatory, and skin-rejuvenating properties, making it
ideal for skincare and anti-aging products. As consumers seek plant-based,
sustainable alternatives, chicory’s inclusion in serums, creams, and cleansers
aligns well with the clean beauty movement. Additionally, chicory’s role in
supporting collagen production has spurred its appeal in personal care
formulations, propelling growth in this segment.
Based on the
region, North America is the fastest-growing segment in the global chicory
market, driven by rising health consciousness and demand for natural
ingredients in food, beverage, and personal care products. Consumers
increasingly value chicory’s benefits, particularly its role as a caffeine-free
coffee substitute and its high inulin content, which supports digestive health.
The growing preference for plant-based and functional foods further boosts
chicory’s popularity, especially in the United States and Canada. Additionally,
an expanding wellness trend in North America has sparked interest in chicory’s
applications across dietary supplements and skincare, propelling market growth
in the region.
Major companies
operating in the global chicory market are:
- Cargill,
Incorporated
- Delecto Foods
Private Limited
- Starwest
Botanicals, LLC
- Pioneer Chicory
- Nature's Gold
- Organic Herb
Trading Ltd
- STOKROS company
Ltd
- Farmvilla Food
Industries Private Limited
- Shaanxi Sciphar
Natural Products Co., Ltd.
- PMV Nutrient
Pvt. Ltd.
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“The demand for
chicory as a coffee substitute is on the rise, as more consumers seek
caffeine-free alternatives without compromising on taste. Chicory coffee, which
mimics the rich, roasted flavor of regular coffee, is becoming a preferred
choice for those looking to reduce their caffeine intake or avoid caffeine
altogether. Health-conscious consumers are increasingly aware of the side
effects of caffeine, such as sleep disturbances, anxiety, and digestive issues,
and are exploring non-caffeinated options. Chicory’s naturally caffeine-free
profile has made it particularly popular among those seeking a coffee-like
experience without the stimulating effects,” said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based management consulting firm.
"Chicory Market – Global
Industry Size, Share, Trends, Opportunity and Forecast, By Type (Instant
Powder, Roasted, Extracts, Others), By Application (Food & Beverages,
Dietary Supplements, Cosmetics & personal Care, Others), By Region &
Competition, 2019-2029F”, has evaluated the future growth potential of global
Chicory market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the global Chicory market.
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