Chicory Ingredients Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The chicory market is expected to grow at a CAGR of 5.16% from 2023 to 2032. This steady growth reflects the rising demand for chicory-based products, which is driven by the growing awareness of its health benefits and the growing demand for natural and organic food ingredients. Moreover, as more consumers look for alternatives to traditional sweeteners and food additives, chicory’s versatility as a natural source of inulin and dietary fiber gives it a strong foothold in the market. There are several factors driving this expansion, such as the growing trend toward a healthy diet and the demand for food with added health benefits. Also, technological advancements in extraction and processing methods have enhanced the quality and applications of chicory-based ingredients across various industries, such as food and beverages, dietary supplements, and pharmaceuticals. These developments are resulting in a growing number of strategic initiatives, such as product launches and strategic alliances, by major players in the chicory market. Recent investments in research and development and the launch of new chicory-based products have further strengthened their position in the market and reflected the changing preferences of health-conscious consumers.

Regional Market Size

Regional Deep Dive

The chicory market is growing in various regions of the world, driven by increasing health awareness and the demand for natural and organic products. In North America, there is a strong demand for chicory root extracts, especially in the food and beverage sector. In the beverage industry, consumers are looking for healthier alternatives to sugar and caffeine. The European market is still a major player and is characterized by the strict regulations on food additives and the growing trend towards plant-based diets. The Asian-Pacific region is a promising growth market, driven by the growing wealth of consumers and changing food habits. Meanwhile, the potential of chicory in various applications, such as in food, beverages, and dietary supplements, is being recognized in the Middle East and Latin America.

Europe

• The European market is experiencing a boom in chicory-based products such as coffee substitutes and gluten-free foods, driven by trends towards a healthier lifestyle and greater attention to the environment, and companies like Dandyblend are leading the way.
• The European Union's stringent regulations on food additives and labeling are pushing manufacturers to adopt chicory ingredients as natural alternatives, thereby expanding their product offerings and improving market penetration.

Asia Pacific

• Especially in China and India, where the traditional medicine and the modern dietology are becoming increasingly complementary, the demand for chicory is increasing.
• Local companies, such as Herbalife Nutrition, are exploring the potential of chicory root extracts in dietary supplements, capitalizing on the rising health consciousness among consumers in the region.

Latin America

• Latin America is beginning to embrace chicory ingredients, particularly in Brazil and Argentina, where there is a rising demand for natural sweeteners and dietary fibers in food products.
• Local startups are emerging in the region, focusing on the development of chicory-based beverages and snacks, driven by the increasing consumer preference for healthier options.

North America

• The increasing prevalence of obesity and diabetes has led to a surge in demand for chicory root fiber as a natural prebiotic, with companies like Cargill and Beneo investing in product development to cater to health-conscious consumers.
• Recent regulatory changes, such as the FDA's approval of chicory root fiber as a safe food ingredient, have encouraged food manufacturers to incorporate chicory ingredients into their products, enhancing market growth.

Middle East And Africa

• In the Middle East, there is a growing trend towards natural and organic food products, with chicory ingredients being recognized for their health benefits, prompting local manufacturers to explore their use in traditional dishes.
• Government initiatives aimed at promoting healthy eating habits are encouraging the adoption of chicory-based products, with organizations like the Gulf Cooperation Council (GCC) supporting local food innovation.

Did You Know?

“Chicory root contains inulin, a type of soluble fiber that can help improve digestive health and is often used as a sugar substitute in various food products.” — International Journal of Food Sciences and Nutrition

Segmental Market Size

The Chicory market is growing steadily. It is driven by a rising demand for natural and healthy food alternatives. The Chicory market is driven by the growing awareness of the health benefits of Chicory, such as its prebiotic properties and its ability to aid digestion. The clean label trend is also a driving force behind the growing demand for Chicory as a natural sweetener and source of fibre, which is in line with the consumers’ preference for a transparent food supply and ingredients. The use of Chicory ingredients is currently at the scale-up stage, with companies like Cargill and Beneo leading the way in introducing Chicory into various food products. The main applications are in beverages, bakery and supplements. Chicory is used as a functional ingredient to enhance flavour and nutritional value. It is also a result of the growing focus on sustainable and healthy eating. New extraction and processing techniques are improving the efficiency and quality of Chicory ingredient production.

Future Outlook

CHICKORY INGREDIENTS MARKET – From 2023 to 2032, the Chicory ingredients market is projected to grow at a CAGR of 5.16%. The growing demand for natural and healthy food products, as well as the increasing use of chicory as a dietary supplement, a drug and a food ingredient, is a key driver of this growth. The penetration of chicory ingredients in the market is expected to increase significantly, with some product segments possibly reaching a penetration rate of over 20% by 2032. The future of the chicory market will also be shaped by technological developments and regulatory changes. The development of extraction and processing techniques will probably improve the quality and functionality of chicory products and thus make them more attractive to manufacturers and consumers. The increasing trend towards the use of natural ingredients in food products and the favourable regulatory framework for sustainable agriculture will also promote the market. Plant-based diets and the rise of functional foods are creating new opportunities for chicory ingredients and putting them at the centre of the new health and well-being product landscape.