Chicory Market Surges on the Vegan Wave: Plant-Based Nutrients Transforming Functional Foods
The global chicory market is experiencing a remarkable surge, driven by the ever-growing wave of veganism and the increasing demand for plant-derived nutrients in the functional food industry. Chicory, a perennial herbaceous plant native to Europe and Asia Pacific, has long been known for its use as a coffee substitute. However, its nutritional and medicinal properties have propelled it into the spotlight across various applications.
Chicory’s Nutritional Prowess
Chicory is a rich source of soluble fiber and bioactive compounds, such as inulin and oligofructose, making it a sought-after ingredient in functional food, beverages, and dietary supplements. What sets chicory apart is its low fat, sugar, calorie content, and gluten-free nature, aligning perfectly with health-conscious consumer preferences.
Inulin: The Rising Star
In recent years, chicory inulin has gained significant traction in health and wellness products. It is also recognized as a prebiotic, promoting digestive health by serving as a substrate for gut microorganisms. This plant-derived natural ingredient is a versatile choice, offering gelling, texturing, and stabilizing properties in a wide range of food products.
A Boon for Animal Feed
Chicory has found favor in animal feed additives, where it acts as a prebiotic and an antibiotic substitute. As consumers increasingly opt for meat products with fewer additives and antibiotics, chicory’s role in making animal feed additives is poised for growth. Stringent regulations against antibiotic use in feed additives further bolster the market’s prospects.
Segmentation and Growth
The global chicory market is segmented by source (chicory root and chicory leaf), product type (extract, roasted, and flour/powder), application (food and beverages, dietary supplements, animal feed, pet food, and cosmetics), and region.
- Chicory Root Dominates: The chicory root segment is expected to hold the largest value share by 2025, driven by the increasing use of chicory root-derived inulin in the food and animal feed industries.
- Food and Beverages: The food and beverages segment is set for substantial growth, with chicory extract finding use as a prebiotic ingredient in dairy-based products and surging demand in infant food.
- Europe’s Dominance: Europe stands as the largest producer and consumer of chicory, with countries like Belgium, Croatia, and France leading the way. The region’s demand for natural, plant-derived functional food ingredients and prebiotic ingredients is driving market growth.
- Asia Pacific’s Promise: The Asia Pacific region is expected to witness significant incremental dollar opportunity. Growing consumer awareness of digestive health and the region’s role as a major producer of meat and poultry products create new growth opportunities.
Key Players’ Expansions
To meet the surging demand for chicory extract and cater to the billion-dollar prebiotic ingredient market, manufacturers are expanding their production capacities. Notable examples include BENEO GmbH and Sensus (a part of Royal Cosun), which have invested in expanding chicory root production facilities.
The global chicory market is flourishing, capitalizing on the vegan movement and the growing preference for plant-derived, healthy ingredients in both food and animal feed industries.
Global Industry Analysis (2018 – 2021) – Growth Trends and Market Forecast (2022 – 2029) https://www.fairfieldmarketresearch.com/report/chicory-market
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