Chicory is a somewhat woody, perennial herbaceous plant of the dandelion family Asteraceae, usually with bright blue flowers, rarely white or pink. Many varieties are cultivated for salad leaves, chicons (blanched buds), or roots, which are baked, ground, and used as a coffee substitute and food additive. In the 21st century, inulin, an extract from chicory root, has been used in food manufacturing as a sweetener and source of dietary fiber.
One driver in the market is growing influence of organized retailing. Organized retailers have grown worldwide with the establishment of supermarkets, hypermarkets, and specialty stores. Ready-to-eat packaged food and beverages are primarily sold by large organized retailers, as vendors in the market are highly dependent on large organized retailers.
The growing popularity of cold beverages such as soft drinks, carbonated drinks, nutritional and energy drinks, iced tea, and cold coffee has been the major challenge for the global ground chicory market over the past decade. Besides, with the advent of energy drinks like Stokely-Van Camp's Gatorade and RED BULL, the consumption of ground chicory-based hot drinks have seen a slight decline in several developed markets across the world.
EMEA is expected to be the major revenue contributor to the ground chicory market throughout the forecast period. The growing awareness of health benefits of ground chicory drinks will drive the demand for ground chicory in this region. Also, the increasing number of supermarkets and hypermarkets and food specialist stores will drive the growth of the chicory coffee market.
In 2019, the market size of Ground Chicory is xx million US$ and it will reach xx million US$ in 2025, growing at a CAGR of xx% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Ground Chicory.
This report studies the global market size of Ground Chicory, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Ground Chicory sales volume, revenue, market share and growth rate for each key company, and also covers the breakdown data (sales, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Reily Foods Company
Market Segment by Product Type
Market Segment by Application
Pharmaceutical and Nutraceutical
Key Regions split in this report: breakdown data for each region.
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Ground Chicory status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Ground Chicory manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Ground Chicory are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025