According to the recent study the chicory market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 4% to 6% from 2023 to 2028. Growth in this market is primarily driven by rising consumer awareness regarding various health benefits offered by chicory, growing chicory application, and rising consumer inclination towards organic & nutritional products.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in chicory market by product type (extracts, roasted, instant powder, and flour), form (powder, cubes, and liquid), plant part (root, leaf, and other parts), application (food and beverage, dietary supplement, feed & pet food, cosmetics & personal care, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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“Instant Powder is expected to remain the largest segment during the forecast period.”
Based on product type, the chicory market is segmented into extracts, roasted, instant powder, and flour. Lucintel forecasts that the Inventory management is expected to remain the largest segment due to wide availability and acceptability of the instant powder worldwide.
“Within the chicory market, the food and beverage segment is expected to remain the largest application segment during the forecast period”
Based on application the food and beverage segment is expected to remain the largest segment over the forecast period because of its popularity as a coffee substitute and increasing adoption owing to its essential nutrient content.
“Asia Pacific will dominate the chicory market in near future”
Asia Pacific is expected to grow with the highest growth rate over the forecast period due to growing awareness among the consumers and growing demand for chicory in the countries with higher risks of chronic diseases such as obesity and heart-related issues.
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Major players of chicory market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Cosucra, Delecto Foods, BENEO GmbH, Sensus, Leroux, Cargill Incorporated, Reily Foods Company, Pioneer Chicory, PMV Nutrient Products, Farmvilla Food Industries, Murlikrishna Foods, Starwest Botanicals are among the major chicory providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/chicory-market.aspx or [email protected]