According to a new report, published by KBV research, The Global Chicory Coffee Market size is expected to reach $320.9 million by 2031, rising at a market growth of 6.3% CAGR during the forecast period.
Innovations in multi-stage roasting processes enable the development of complex flavor profiles in chicory coffee. This method involves roasting chicory roots in multiple phases to extract various flavors, resulting in a more nuanced and sophisticated product. The introduction of cold brewing techniques for chicory coffee is gaining popularity. Cold brew methods offer a smoother, less bitter taste and better extraction of beneficial compounds, catering to consumers who prefer a milder and more refreshing beverage.
The Conventional segment is registering a CAGR of 5.9 % during the forecast period. Conventional coffee has long been a staple in many cultures around the world. Consumers are accustomed to its taste, preparation methods, and social rituals, making it a preferred choice. Conventional coffee provides a consistent flavor and quality that many consumers expect.
The Hypermarkets & Supermarkets segment led the Global Chicory Coffee Market by Distribution Channel in 2023; thereby, achieving a market value of $91.9 Million by 2031. Hypermarkets and supermarkets can stock various products, including different types and brands of chicory coffee. This extensive shelf space allows consumers to find and choose from various chicory coffee options easily.
The Blended Chicory Coffee segment is growing at a CAGR of 6 % during the forecast period. Many consumers are looking to reduce their caffeine intake due to health concerns such as anxiety, insomnia, or hypertension. Blending chicory with regular coffee provides a lower caffeine alternative while retaining a similar flavor profile.
Full Report: https://www.kbvresearch.com/chicory-coffee-market/
The Europe region dominated the Global Chicory Coffee Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $107 Million by 2031. The North America region is anticipated to grow at a CAGR of 6% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 6.8% during (2024 - 2031).
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