Chicory Market Growth Opportunities and Recent Developments
The global chicory market size is estimated to be valued at USD 685 million in 2020 and is projected to reach USD 905 million by 2025, recording a CAGR of 5.7%. The millennials prefer consuming these food and beverage that offer health benefits and are organic in nature, due to factors such as busier lifestyles, rising disposal incomes, growing awareness regarding preventive healthcare measures, and maintaining better health. Other factors driving the demand for these chicory include the growing applications of chicory, specially in cosmetic & personal care industry in developing and underdeveloped countries, owing to its anti-inflammatory and anti-oxidants properties. Download PDF Brochure By type, the instant powder segment is projected to account for the largest share in the chicory market during the forecast period The instant powder segment dominated the global chicory market, on the basis of type, in 2019. This is due to the widespread acceptability and avail...