Chicory Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR71025
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The chicory market has the potential to grow by USD 195.73 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.51%.

This chicory market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (food and beverages, dietary supplements, and others) and geography (Europe, North America, APAC, MEA, and South America). The chicory market report also offers information on several market vendors, including Beneo GmbH, Cargill Inc., Delecto Foods Pvt. Ltd., Farmvilla Food Industries Pvt. Ltd., Murlikrishna Foods Pvt. Ltd., Natures Gold Production B.V., Pioneer Chicory, PMV Nutrient Products Pvt. Ltd., Starwest Botanicals Inc., and Xylem Inc. among others.

What will the Chicory Market Size be in 2021?

Chicory-Market-Market-Size-2020-2025

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Chicory Market: Key Drivers and Trends

The increasing inclination of consumers towards organic and nutritional products is notably driving the chicory market growth, although factors such as health risks associated with heavy consumption of chicory may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the chicory industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.

This chicory market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Chicory Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Beneo GmbH
  • Cargill Inc.
  • Delecto Foods Pvt. Ltd.
  • Farmvilla Food Industries Pvt. Ltd.
  • Murlikrishna Foods Pvt. Ltd.
  • Natures Gold Production B.V.
  • Pioneer Chicory
  • PMV Nutrient Products Pvt. Ltd.
  • Starwest Botanicals Inc.
  • Xylem Inc.

 

The vendor landscape of the chicory market entails successful business strategies deployed by the vendors. The chicory market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the chicory market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Chicory Market?

Chicory-Market-Market-Share-by-Region-2020-2025

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44% of the market’s growth will originate from Europe during the forecast period. Belgium, France, and The Netherlands are the key markets for chicory in Europe. 

The report offers an up-to-date analysis of the geographical composition of the market. Europe has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The preference for chicory as a cheaper substitute for coffee will facilitate the chicory market growth in Europe over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.

What are the Revenue-generating Application Segments in the Chicory Market?

Chicory-Market-Market-Share-by-Application-2020-2025

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The chicory market share growth by the food and beverages segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the chicory market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.

Chicory Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5.51%

Market growth 2021-2025

$ 195.73 million

Market structure

Fragmented

YoY growth (%)

4.83

Regional analysis

Europe, North America, APAC, MEA, and South America

Performing market contribution

Europe at 44%

Key consumer countries

Belgium, US, France, The Netherlands, and China

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Beneo GmbH, Cargill Inc., Delecto Foods Pvt. Ltd., Farmvilla Food Industries Pvt. Ltd., Murlikrishna Foods Pvt. Ltd., Natures Gold Production B.V., Pioneer Chicory, PMV Nutrient Products Pvt. Ltd., Starwest Botanicals Inc., and Xylem Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Chicory Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive chicory market growth during the next five years
  • Precise estimation of the chicory market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the chicory market across Europe, North America, APAC, MEA, and South America 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of chicory market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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