PUBLISHER: Grand View Research | PRODUCT CODE: 1588752
PUBLISHER: Grand View Research | PRODUCT CODE: 1588752
The global chicory market size is estimated to reach USD 523.3 million by 2030, registering a CAGR of 7.9% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing awareness regarding the medicinal value of chicory is the main factor driving the growth.
The chicory root segment accounted for more than 74.2% market share in 2024. Roots are a rich source of inulin and nutrients essential for brain health. Ground and roasted roots are used as an alternative to coffee. Chicory root powder is used in baked goods and other food products as an alternative to sugar and fat, as well as, as a texturizer. As a result, the market is anticipated to witness significant rise in demand over the forecast period.
Food and beverage was the largest application segment in 2024. It is expected to maintain its dominance throughout the forecast period. Increasing demand for chicory coffee in Thailand, Japan, Netherlands, Germany, France, and U.S. is driving the growth. In addition, increasing use of the product as an alternative to sugar and fat in various food and beverages is expected to create growth opportunities in the forthcoming years.
Europe was identified as a lucrative region over the forecast period. Rising consumption owing to various health benefits of the product is driving the regional growth. Germany, France, and Netherlands are expected to witness significant growth owing to rising consumption of chicory coffee. North America is expected to witness the fastest CAGR over the forecast period, owing to increasing cultivation and consumption of chicory as an alternative to coffee. Growing popularity of chicory as a natural appetizer is anticipated to further fuel the regional growth.