By 2034, the chicory market is projected to reach a staggering USD 1192.2 million, growing steadily at a compound annual growth rate (CAGR) of 6.8%.

By 2034, the chicory market is projected to reach a staggering USD 1192.2 million, growing steadily at a compound annual growth rate (CAGR) of 6.8%.

The global chicory market is poised for significant growth in the coming years, with a projected value of approximately $4.36 billion by 2034. This expansion is driven by the rising consumer demand for functional and sustainable products, particularly in the food and beverage industry.

Key Drivers of Growth

Chicory, a humble root vegetable, is gaining attention due to its versatility and health benefits. It is used as a coffee substitute, dietary fiber source, and natural sweetener, making it a popular choice for health-oriented, functional, and low-calorie food products. Additionally, the increasing use of chicory in animal feed and digestive health supplements is supporting market expansion.

Regional Growth Trends

Europe currently holds the largest and fastest-growing regional market, with a CAGR of +3.6% volume and +6.2% value from 2024 to 2035. This growth is largely due to increasing consumer health awareness and demand for natural ingredients in foods. Asia-Pacific, while showing modest growth, has potential due to rising health consciousness and expanding food industries.

North America also shows steady growth, driven by health trends and infrastructure, although specific CAGR figures are not available. The Middle East & Africa and Latin America are seeing gradual growth, with their market shares remaining smaller. The Asia Pacific region is experiencing notable expansion.

Market Leaders and Innovations

Notable companies in the chicory market include Cargill Incorporated, which has invested in chicory root fiber as a plant-based ingredient for digestive health. BENEO GmbH has also expanded its chicory root fiber portfolio, focusing on prebiotic health benefits. COSUCRA has launched new chicory-derived ingredients, targeting gut health and clean-label demands.

Delecto Foods Pvt Ltd has introduced chicory-based coffee blends in India, and Farmvilla Food Industries Private Limited has expanded exports of roasted chicory roots and launched instant chicory mixes.

Market Segments

The chicory market encompasses the global production, trade, and application of chicory-based products. In 2024, chicory root dominated the market, capturing 87.4% share. The Food and Beverages segment led the market with 62.7% share in 2024.

In summary, the global chicory market will see steady growth through 2034, primarily fueled by the food, beverage, and animal feed industries. Europe leads in market size and growth, followed by Asia-Pacific and North America playing important roles in expansion. The versatility of chicory as a coffee substitute, prebiotic fiber, natural sweetener, supplement ingredient, and animal feed additive drives strong market growth.

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