Europe Chicory Market

Europe Chicory Market Growth and Forecast (2023 - 2028):

The Europe Chicory Market is worth $ xx million in 2022 and is expected to grow to $ xx million by the end of 2028 with a compound annual rate of xx% between 2023 and 2028.

Market Overview:

Chicory, a member of the dandelion family, is a perennial herb that is used primarily in salads. Chicory is the roasted and used as an adjective in place of coffee. Chicory products are gaining popularity due to increase in health benefits which includes preventing heartburn, reducing arthritis pain, reducing digestive problems, preventing bacterial infections, detoxifying the liver and gallbladder, reducing the risks of heart disease and strengthening the immune system. Chicory refers to a perennial herb that is used primarily in salads. Chicory is part of the dandelion family.

Market Growth:

Raising awareness about the health benefits of chicory is a key factor driving the growth of the Europe Chicory Market.

Drivers:

One of the main factors driving the development and growth of the Europe chicory market is regional integration and free trade agreements. Consumers have easy access to two products that contain chicory ingredients: Prebiotics True Food Code, specialty stores, shopping centers, etc. When they come to these places to shop, they provide entertainment activities and eventually buy other products. Free trade has contributed to the consolidation of supply chains, consequently, cross-border commercial activity has been activated and chicory manufacturers benefit widely, as chicory manufacturers now have access to other countries and consequently, they can boost the growth of the Europe Chicory market. Another tedious factor in the growth of the Europe Chicory market is the emergence of modern retail formats and the growing friends of food courts and specialty stores in shopping malls. Another major factor driving the demand for chicory ingredients is the growing demand for healthy beverages around the European region. The demand for healthy drinks or bars containing natural ingredients will increase. Sales of chicory-based products will also increase by offering food companies the opportunity to participate in research and development activities to improve the profile of foods in terms of nutritional and multifunctional values Within the market for dietary supplements, prebiotics and this will have a positive impact on the Europe Chicory market. Chicory is used to treat constipation, gallbladder disorders, high blood pressure, loss of appetite, and cancer. Chicory leaf paste can be applied directly to the skin in case of swelling and inflammation. In addition to its health benefits, its application in the food and beverage industry is expected to further stimulate demand for the Europe Chicory products. The growing demand for gluten-free snacks is expected to increase chicory consumption in Europe. The introduction of innovative chicory recipes is expected to increase demand for the products. As chicory use as an alternative to salads, snacks, crackers, and gluten-containing products increases, consumption is expected to increase further. Market participants are expanding their storage and operational capacity to meet growing demand. Retailers are looking to capitalize on this growth by developing more prepackaged options for consumers. Millennials prefer foods and beverages that are organic in nature and provide health benefits due to factors such as a busy lifestyle, higher dispositional income, increased awareness of preventive care measures, and maintaining better health. The factors that are driving the Europe chicory market demand is due to increase in the application of the chicory products in the personal care and cosmetics industries. Along with this the market is growing at a rapid rate in the developed and developing regions due to the chicory products usage in the antioxidant and anti inflammatory products. In addition to this, the growing friends of the food court and the emergence of a modern retail format drives the growth of the Europe Chicory market. The increased prevalence of improved supply chain networks, a greater preference for healthy beverages around the region, an increased demand for health and natural ingredients, increased research and development activity, and increased use of chicory leaves may treat inflammation, bloating problems, and other health problems. Factors that can enhance the growth of the Europe Chicory market in the forecast period 2023 - 2028. Meanwhile, the rise of shopping malls, supermarkets and food courts will further expand the various opportunities that will lead to the growth of the Europe Chicory market during the forecast period.

Restraints:

Lack of awareness limits the growth of the Europe Chicory market. The growing demand for healthy beverages around the world is expected to drive the growth of the Europe Chicory market in the future.

Europe Chicory Market Segmentation Analysis:

By product type, the Europe Chicory market is segmented into Extracts, Instant Powder, Roasted and Flour. The chicory market is dominated by instant powders. The instant powder provides consumers with a convenient, ready-to-drink health product that offers benefits such as being caffeine-free and providing a coffee-like taste. It is also rich in inulin, it is a 100% vegetable drink and it is a nutritious drink that consumers of all ages consume in their daily diet. This type of chicory can be associated with a number of health benefits, including reduced inflammation, reduced blood sugar, and better digestive health.

By shape, the Europe Chicory market is segmented into powder, cubes and liquid. The powders segment dominated the global chicory market on the basis of aquaculture in 2021. Dietary supplements, cosmetics and personal care, food and beverage, and pet food and feed took the lead in the market.

By application, the Europe Chicory market is segmented into pet food and feed, food and beverage, dietary supplements and cosmetics, and personal care. The food and beverage sector dominates the application market during the forecast period. Chicory is one of the factors which is widely used as an alternative product to coffee. Food and beverages manufacturers are preferring this product majorly due to inulin content in the product and also other essential nutrients present in the products.

Regional Analysis:

The European Chicory market had the largest market share in 2021. Europe accounted for more than 95.5% of chicory production. Belgium is the largest producer of chicory in Europe, followed by UK, France, Spain and Germany. UK chicory consumers have a strong preference for clean label products as awareness of using natural and additive-free products increases. This, in turn, is expected to boost the UK chicory market. The region is also witnessing an approach from the largest players involved in the manufacture and marketing of chicory products in the Spanish chicory markets. The increasing use of chicory ingredients in pharmaceutical, culinary and dietary supplements by local consumers is expected to maintain a significant share of the Germany chicory market for years to come.

Key Players in the Market:

Key players in the Europe Chicory market includes Delecto Foods Pvt Ltd, Cargill Incorporated, LEROUX, Starwest Botanicals, Nature's Gold Production, Pioneer Chicory, Jamnagar Chicory Industries, Organic Herb Trading, FARMVILLA FOOD INDUSTRIES PVT LTD, STOKROS company Ltd., BENEO Narasu's., PMV Nutrient Products Pvt Ltd and COSUCRA.