Thailand Chicory Market Size Growth Rate
The Thailand Chicory Market is poised for steady growth rate improvements from 2025 to 2029. The growth rate starts at 0.60% in 2025 and reaches 2.30% by 2029.
Chicory Market: Thailand vs Top 5 Major Economies in 2027 (Asia)
Thailand's Chicory market is anticipated to experience a stable growth rate of 0.85% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.
Thailand Chicory Market Synopsis
The chicory root powder segment held the largest share in terms of revenue (41%) followed by chicory extract (32%), coffee substitutes (23%), salad greens (3%) etc., The total production volume recorded 87 thousand tonnes; out which around 36 thousand tonnes were produced only during 2017?2018 indicating positive trend towards higher production volumes over past few years due to increase demand from food processing industry since it offers several advantages including adding colour, flavour enhancer besides helping reduce fat contents. It is anticipated that growing preference for functional beverages will bolster overall sales revenues over forecast period leading manufacturers explore new product launches catering various consumer needs further pushing overall revenue estimates upwards.
Drivers of the Market
The Thailand chicory market is influenced by growing consumer interest in alternative beverages and health-focused products. Chicory`s potential health benefits, including digestive support and prebiotic properties, drive its demand in the health and wellness sector.
Challenges of the Market
The Thailand chicory market faces challenges in raising awareness and demand for chicory-based products, as consumer familiarity with this ingredient is relatively limited. Additionally, maintaining consistent quality and supply can be challenging due to factors like weather fluctuations and disease risks.
Trends & Oppourtunites of the Market
A market often overlooked, chicory holds potential. As demand for alternatives to traditional coffee and unique flavors rises, chicory-based products can find a foothold in the Thai market, catering to evolving tastes.
COVID-19 Impact on the Market
In the chicory market, supply chain disruptions affected the availability of chicory products, impacting both local consumption and export markets. Similarly, the fresh onions and shallots market faced challenges due to labor shortages and logistical constraints, affecting the production and distribution of these essential ingredients.
Key Players in the Market
In the Thailand chicory market, companies like Thai Roong Ruang Group and Charoen Pokphand Foods Public Co., Ltd., are notable players involved in the cultivation and processing of chicory, commonly used as a coffee substitute and for its potential health benefits.
Key Highlights of the Report:
- Thailand Chicory Market Outlook
- Market Size of Thailand Chicory Market, 2023
- Forecast of Thailand Chicory Market, 2030
- Historical Data and Forecast of Thailand Chicory Revenues & Volume for the Period 2020-2030
- Thailand Chicory Market Trend Evolution
- Thailand Chicory Market Drivers and Challenges
- Thailand Chicory Price Trends
- Thailand Chicory Porter's Five Forces
- Thailand Chicory Industry Life Cycle
- Historical Data and Forecast of Thailand Chicory Market Revenues & Volume By Product Type for the Period 2020-2030
- Historical Data and Forecast of Thailand Chicory Market Revenues & Volume By Extracts for the Period 2020-2030
- Historical Data and Forecast of Thailand Chicory Market Revenues & Volume By Roasted for the Period 2020-2030
- Historical Data and Forecast of Thailand Chicory Market Revenues & Volume By Instant Powder for the Period 2020-2030
- Historical Data and Forecast of Thailand Chicory Market Revenues & Volume By Flour for the Period 2020-2030
- Historical Data and Forecast of Thailand Chicory Market Revenues & Volume By Form for the Period 2020-2030
- Historical Data and Forecast of Thailand Chicory Market Revenues & Volume By Powder for the Period 2020-2030
- Historical Data and Forecast of Thailand Chicory Market Revenues & Volume By Liquid for the Period 2020-2030
- Historical Data and Forecast of Thailand Chicory Market Revenues & Volume By Cubes for the Period 2020-2030
- Historical Data and Forecast of Thailand Chicory Market Revenues & Volume By Other forms for the Period 2020-2030
- Historical Data and Forecast of Thailand Chicory Market Revenues & Volume By Application for the Period 2020-2030
- Historical Data and Forecast of Thailand Chicory Market Revenues & Volume By Food & beverages for the Period 2020-2030
- Historical Data and Forecast of Thailand Chicory Market Revenues & Volume By Dietary supplements for the Period 2020-2030
- Historical Data and Forecast of Thailand Chicory Market Revenues & Volume By Feed & pet food for the Period 2020-2030
- Historical Data and Forecast of Thailand Chicory Market Revenues & Volume By Cosmetics & personal care for the Period 2020-2030
- Historical Data and Forecast of Thailand Chicory Market Revenues & Volume By Plant-part for the Period 2020-2030
- Historical Data and Forecast of Thailand Chicory Market Revenues & Volume By Root for the Period 2020-2030
- Historical Data and Forecast of Thailand Chicory Market Revenues & Volume By Leaf for the Period 2020-2030
- Historical Data and Forecast of Thailand Chicory Market Revenues & Volume By Other plant-parts for the Period 2020-2030
- Thailand Chicory Import Export Trade Statistics
- Market Opportunity Assessment By Product Type
- Market Opportunity Assessment By Form
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By Plant-part
- Thailand Chicory Top Companies Market Share
- Thailand Chicory Competitive Benchmarking By Technical and Operational Parameters
- Thailand Chicory Company Profiles
- Thailand Chicory Key Strategic Recommendations
