Home > > Global Chicory Market Report
The Chicory market was valued at $226.2 Million in 2022, and is projected to reach $330.2 Million by 2032 growing at a CAGR of 3.91% from 2023 to 2032.Chicory is a plant that is grown for its roots, which are roasted and ground to produce a coffee substitute and additive. The main drivers of the chicory market are the increasing demand for natural and healthier alternatives to coffee, the growing popularity of specialty coffees, and the rising trend of plant-based diets. Opportunities in the chicory market include the development of new products and applications, such as chicory-based beverages and food products, and the expansion of the market to new regions. Some of the top companies in the chicory market include: Sensus: A leading producer of chicory roots, with a strong presence in Europe and North America. The company has a history of innovation and has developed a range of products, including inulin, a natural sweetener made from chicory roots. Kemin: A global leader in the production of chicory-derived ingredients, with a focus on natural and sustainable solutions. The company has a range of chicory-based products, including inulin and fructooligosaccharides (FOS), which are used in a variety of food and beverage applications. Cargill: A multinational corporation that produces a range of chicory-based ingredients, including inulin and FOS, for use in food and beverage applications. The company also has a strong presence in the specialty coffee market. S&D Coffee & Tea: A leading provider of specialty coffee and tea products, including chicory-based coffee blends. The company has a long history in the coffee industry and is known for its commitment to sustainability and quality. Naturex: A global leader in the production of natural ingredients, including chicory-derived inulin and FOS. The company has a strong focus on innovation and has developed a range of products for use in food, beverage, and nutraceutical applications.