Product Code: ETC176570 | Publication Date: Jan 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Sri Lanka Chicory Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 16.01% in 2027, following an initial rate of 11.14%, before easing to 10.86% at the end of the period.
In the Asia region, the Chicory market in Sri Lanka is projected to expand at a exponential growth rate of 16.01% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.
The chicory market in Sri Lanka is niche but growing, driven by increasing consumer awareness of its health benefits and culinary versatility. Chicory is gaining popularity as an ingredient in beverages and food products due to its natural sweetness and potential health benefits, including digestive support and antioxidant properties. Local suppliers are exploring opportunities to cultivate chicory locally and import processed forms to meet the rising demand from health-conscious consumers.
The chicory market in Sri Lanka is influenced by the rising health consciousness among consumers, leading to increased demand for natural and functional food ingredients. Chicory is valued for its health benefits, including its role as a prebiotic and potential antioxidant properties. The expansion of the food and beverage industry and innovations in chicory-based products further drive market growth.
The chicory market in Sri Lanka encounters challenges related to cultivation practices and market demand. Cultivating chicory requires specific soil conditions and climate, which may not be optimal in all regions of Sri Lanka. Moreover, fluctuating demand from the food and beverage industry adds uncertainty to market conditions, impacting farmers and suppliers alike.
In the chicory market, Sri Lanka government policies support agricultural practices that promote sustainable cultivation and processing of chicory. Policies aim to enhance productivity, quality standards, and market competitiveness of chicory products through research and development initiatives and agricultural extension services. The government provides subsidies and incentives to encourage farmers to adopt modern farming techniques and improve chicory yields while ensuring environmental sustainability.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Sri Lanka Chicory Market Overview |
3.1 Sri Lanka Country Macro Economic Indicators |
3.2 Sri Lanka Chicory Market Revenues & Volume, 2021 & 2028F |
3.3 Sri Lanka Chicory Market - Industry Life Cycle |
3.4 Sri Lanka Chicory Market - Porter's Five Forces |
3.5 Sri Lanka Chicory Market Revenues & Volume Share, By Product Type, 2021 & 2028F |
3.6 Sri Lanka Chicory Market Revenues & Volume Share, By Form, 2021 & 2028F |
3.7 Sri Lanka Chicory Market Revenues & Volume Share, By Application, 2021 & 2028F |
3.8 Sri Lanka Chicory Market Revenues & Volume Share, By Plant-part, 2021 & 2028F |
4 Sri Lanka Chicory Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Sri Lanka Chicory Market Trends |
6 Sri Lanka Chicory Market, By Types |
6.1 Sri Lanka Chicory Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Sri Lanka Chicory Market Revenues & Volume, By Product Type, 2018 - 2028F |
6.1.3 Sri Lanka Chicory Market Revenues & Volume, By Extracts, 2018 - 2028F |
6.1.4 Sri Lanka Chicory Market Revenues & Volume, By Roasted, 2018 - 2028F |
6.1.5 Sri Lanka Chicory Market Revenues & Volume, By Instant Powder, 2018 - 2028F |
6.1.6 Sri Lanka Chicory Market Revenues & Volume, By Flour, 2018 - 2028F |
6.2 Sri Lanka Chicory Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Sri Lanka Chicory Market Revenues & Volume, By Powder, 2018 - 2028F |
6.2.3 Sri Lanka Chicory Market Revenues & Volume, By Liquid, 2018 - 2028F |
6.2.4 Sri Lanka Chicory Market Revenues & Volume, By Cubes, 2018 - 2028F |
6.2.5 Sri Lanka Chicory Market Revenues & Volume, By Other forms, 2018 - 2028F |
6.3 Sri Lanka Chicory Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Sri Lanka Chicory Market Revenues & Volume, By Food & beverages, 2018 - 2028F |
6.3.3 Sri Lanka Chicory Market Revenues & Volume, By Dietary supplements, 2018 - 2028F |
6.3.4 Sri Lanka Chicory Market Revenues & Volume, By Feed & pet food, 2018 - 2028F |
6.3.5 Sri Lanka Chicory Market Revenues & Volume, By Cosmetics & personal care, 2018 - 2028F |
6.4 Sri Lanka Chicory Market, By Plant-part |
6.4.1 Overview and Analysis |
6.4.2 Sri Lanka Chicory Market Revenues & Volume, By Root, 2018 - 2028F |
6.4.3 Sri Lanka Chicory Market Revenues & Volume, By Leaf, 2018 - 2028F |
6.4.4 Sri Lanka Chicory Market Revenues & Volume, By Other plant-parts, 2018 - 2028F |
7 Sri Lanka Chicory Market Import-Export Trade Statistics |
7.1 Sri Lanka Chicory Market Export to Major Countries |
7.2 Sri Lanka Chicory Market Imports from Major Countries |
8 Sri Lanka Chicory Market Key Performance Indicators |
9 Sri Lanka Chicory Market - Opportunity Assessment |
9.1 Sri Lanka Chicory Market Opportunity Assessment, By Product Type, 2021 & 2028F |
9.2 Sri Lanka Chicory Market Opportunity Assessment, By Form, 2021 & 2028F |
9.3 Sri Lanka Chicory Market Opportunity Assessment, By Application, 2021 & 2028F |
9.4 Sri Lanka Chicory Market Opportunity Assessment, By Plant-part, 2021 & 2028F |
10 Sri Lanka Chicory Market - Competitive Landscape |
10.1 Sri Lanka Chicory Market Revenue Share, By Companies, 2021 |
10.2 Sri Lanka Chicory Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |