Global Chicory Market Growth 2019-2024, Industry Size, Demands, Key Players and Forecasts

Chicory (Chicorium intybus) is a somewhat woody, perennial herbaceous plant of the dandelion family usually with bright blue flowers, rarely white or pink. It can be found throughout all parts of Africa, Europe, and other temperate regions of the world.

Chicory root is commonly processed for food and beverage industry. The leaves of the chicory plant are also in demand in markets around the world; the leaves are used in the preparation of salads and eaten raw as greens.
In this report, statistics are related to commercial processing products of chicory root, including chicory flour, roasted chicory, liquid chicory, and instant chicory.

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Chicory industry is concentrated highly. Currently, there are many chicory products producing companies in the world chicory industry. The main market players are Beneo, Cosucra, Sensus and Leroux. These four companies occupied 85.02% of the global production. The production of chicory will increase to 114410 MT in 2017 from 80181 MT in 2012 with average growth rate of 7.37%. Europe is the largest production region with rich raw material source.

The global consumption value of chicory increases with the 6.13% average growth rate. Europe is the largest consumption region due to the bigger demand of downstream applications. In 2016, these this region occupied 53.91% of the global consumption volume in total.
Chicory products mainly include three forms, which include chicory flour, roasted chicory, chicory inulin and others. And each type has application industries relatively. With medical effect and flavour of chicory, the downstream application industries will need more chicory products. So, chicory has a huge market potential in the future. Manufacturers engaged in the industry are trying to produce good performance chicory through improving technology.

According to this study, over the next five years the Chicory market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Chicory business, shared in Chapter 3.

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This report presents a comprehensive overview, market shares, and growth opportunities of Chicory market by product type, application, key manufacturers and key regions and countries.

This study considers the Chicory value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
- Chicory Flour
- Roasted Chicory
- Chicory Inulin
- Others

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
- Beverage Industry
- Food Industry
- Health Care Products and Medicines

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
- Americas(United States, Canada, Mexico, Brazil)
- APAC(China, Japan, Korea, Southeast Asia, India, Australia)
- Europe(Germany, France, UK, Italy, Russia, Spain)
- Middle East & Africa(Egypt, South Africa, Israel, Turkey, GCC Countries)

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
- Beneo
- Cosucra
- Sensus
- Leroux
- Violf
- PMV Nutrient Products
- FARMVILLA
- ...
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In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
- To study and analyze the global Chicory consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Chicory market by identifying its various subsegments.
- Focuses on the key global Chicory manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Chicory with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Chicory submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.

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