Chicory Market Size

Chicory Market Size

Chicory Market size was valued at USD 717.15 million in 2023 and is estimated to expand at 5.6% CAGR from 2024 to 2032. The increased consumer demand in healthier and more sustainable food and beverage alternatives is driving the demand for chicory. Chicory is regarded for its possible health advantages, such as prebiotic characteristics and low-calorie content, making it an appealing component for products such as salads, coffee substitutes, and functional meals. Furthermore, chicory production is frequently more ecologically friendly since it uses fewer pesticides and water, harmonizing with the food industry's increased emphasis on sustainability and eco-conscious consumers.

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Chicory root is utilized in a variety of functional food and beverage items due to its possible health advantages. It contains inulin, a form of dietary fiber that has been shown to improve digestive health. Chicory-based products may become more popular as people become more interested in functional meals and beverages.

Competition from well-established and extensively consumed beverages such as coffee and tea are a key limitation on the chicory market's revenue growth. In addition, coffee and tea are more readily available than chicory. They are widely accessible in supermarkets and restaurants, whereas chicory is frequently only available in specialist stores or online. This makes finding and purchasing chicory products more challenging for customers. Furthermore, coffee and tea are less costly than chicory. This is because chicory is a small crop that is more difficult to cultivate than coffee or tea. Some buyers may be put off by chicory's greater price.