/PRNewswire/ Chicory Market Research Report by Type, Form, Application, Plant-part, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19 Read.
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The chicory market is projected to grow at a CAGR of 5.7% from 2020 to reach USD 905.3 million by 2025.
Factors such as the rising costs of coffee beans, increasing consumption of organic foods and beverages, and the growing number of applications of chicory are projected to drive the growth of the chicory industry during the forecast period. However, the growth of the chicory market is inhibited by factors, such as health risks associated with heavy consumption of chicory. In addition, higher technical expertise required for producing certain chicory-based products along with limited consumer awareness inhibits the growth of this market.