Overview
Chicory, also known as Cichorium intybus, is a woody, herbaceous plant similar to a dandelion, valued primarily for its leaves and roots. Chicory root is rich in inulin, a type of prebiotic fiber that has been associated with weight loss and improved gut health. Studies suggest that chicory is a safe alternative to various ingredients across multiple applications, including food and beverages, dietary supplements, animal feed, pet food, and cosmetics.
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Market Growth Trends
Growing prices of coffee powder are driving the growth of the market
The increase in coffee powder prices is a major driver of the demand for chicory powder. The additional costs associated with roasting and grinding significantly raise the production expenses of coffee powder. In contrast, chicory is considerably more affordable, thanks to its roasted roots, which have proven to be an excellent coffee substitute. Studies indicate that the high demand for coffee and extensive land use for coffee cultivation may lead to a 60% reduction in the amount of suitable land by 2050, and wild coffee species are also at risk of extinction. This scarcity could result in an even greater rise in coffee prices.
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Market is Segmented
By Product Type: Chicory Extract, Roasted Chicory, Instant Powder, Flour
By Product Form: Powder, Liquid, Others
By End-User: Food & Beverages, Dietary Supplementary, Cosmetics and Personal Care, Animal Feed & Pet Food, Others
By Region: North America, Latin America, Europe, Asia Pacific, Middle East, and Africa
Market Key Players
· Delecto Foods Pvt Ltd.
· BENEO GmbH
· Sensus
· Leroux
· Cargill Incorporated
· Reily Foods Company
· Pioneer Chicory
· PMV Nutrient Products
· Farmville Food Industries
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