PUBLISHER: Grand View Research | PRODUCT CODE: 1530620
PUBLISHER: Grand View Research | PRODUCT CODE: 1530620
The global chicory coffee market size is expected to reach USD 336.51 million by 2030 and is projected to grow at a CAGR of 6.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. Chicory coffee, made from the roasted roots of the chicory plant, is gaining traction for its unique flavor and health benefits. Chicory coffee is naturally caffeine-free, making it an appealing alternative for those looking to reduce caffeine intake or avoid it altogether. It offers a rich, slightly woody taste, often compared to traditional coffee. When blended with coffee, chicory adds a smooth, earthy undertone and can also enhance the coffee's body, offering a more robust flavor profile.
The market is experiencing notable growth due to rising health consciousness among consumers. As people seek healthier lifestyle choices, chicory coffee's benefits align well with the trend toward natural and functional foods. In addition, the market is bolstered by an increasing number of cafes and coffee shops offering chicory blends, catering to a diverse range of consumer preferences. This expansion is driven by innovative product offerings, including ready-to-drink chicory coffee beverages and gourmet blends, which are attracting a broader audience.
Consumer behavior is shifting as more individuals experiment with alternative coffee options, leading to a surge in the popularity of chicory blends. Many consumers are motivated by the desire to explore new flavors and reduce caffeine dependency. The trend is particularly strong among millennials and health-conscious individuals who appreciate the potential digestive and anti-inflammatory benefits of chicory. Furthermore, the rise of specialty coffee shops and online marketplaces has made it easier for consumers to access chicory coffee products, fueling market growth.
Several factors are contributing to the market's expansion. Increased awareness about the adverse effects of excessive caffeine consumption is driving interest in chicory coffee as a healthier alternative. In addition, the growing prevalence of digestive issues and liver-related health concerns has highlighted chicory's potential health benefits, further stimulating consumer interest. The versatility of chicory, as it can be enjoyed in various forms such as pure coffee, blended with traditional coffee, or in flavored versions, adds to its market appeal.
The market is also benefiting from innovations in product development. Companies are experimenting with different roasting techniques and flavor combinations to enhance the taste and appeal of chicory coffee. The introduction of chicory-based cold brews and ready-to-drink options caters to busy lifestyles, increasing the product's accessibility. In addition, chicory coffee's sustainability profile, given its low environmental impact compared to traditional coffee cultivation, resonates with environmentally conscious consumers, further supporting market growth.