Global Chicory Market

Chicory Market Size, Share, Growth Analysis, By Product (Chicory root and chicory leaf), By Application(Food & beverages, dietary supplement, and others ), By Region - Industry Forecast 2025-2032

Report ID: SQMIG30C2094 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 61 | Figures: 70

Chicory Market News

  • In May 2021, Cosucra Groupe Warcoing S.A., which is a Belgian group released its chicory elements under the various brand names such as Swelite, Nastar, Fibruline, and Pisane.
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Chicory Market was valued at USD 738.3 Billion in 2023 and is poised to grow from USD 785.92 Billion in 2024 to USD 1295.81 Billion by 2032, growing at a CAGR of 6.45% during the forecast period (2025-2032).

Global chicory market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Farmvilla Food Industries Pvt Ltd (India)', 'Cargill Incorporated (US)', 'Starwest Botanicals (US)', 'Murlikrishna Foods Pvt Ltd (India)', 'Cosucra Groupe Warcoing (Belgium)', 'BENEO GmbH (Germany)', 'Sensus (Netherlands)', 'Organic Herb Trading Co (UK)', 'Shaanxi Sciphar Natural Product Co Ltd. (China)', 'NP Nutra (US)', 'Jamnagar Chicory Industries (India)', 'Herbs & Crops Overseas (India)', 'Nature’s Gold Production (Netherlands)', 'STOKROS Company Ltd (Russia)', 'Pioneer Chicory (India)'

Chicory is being used for the treatment of various health issues, including liver and gallbladder disorders, cancer, and other acute gastrointestinal issues. Besides these health benefits, it is also a tonic for increasing urine production, guarding the liver, and counteracting the stimulant effect of coffee. This is driving the market growth.

Chicory root fiber is able to help with sugar reduction by including flavour and texture. The leaves and roots of chicory are used for salads and also in the preparation of different innovative and tasty recipes. It is however a nutritional powerhouse with vitamin A, K, C, and other B group vitamins. In addition, it is an excellent source of minerals like manganese, copper, iron, and potassium; which is increasing the trend in terms of consumption.

Europe is dominating the chicory market because of the growing consumption of chicory coffee, rising health concerns, and rising demand for sugar alternatives, which are the major growth drivers in the region over the projected period.

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Global Chicory Market

Report ID: SQMIG30C2094

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