The import value of chicory plant bulbs, tubers, and corms in growth to the US stood at a certain level in 2023, and the forecasted data indicates a steady increase through 2028. The year-on-year percentage variation shows a stable growth pattern from 2024 to 2028. Over this five-year forecast period, the compound annual growth rate (CAGR) is calculated to understand these trends comprehensively.
Future trends to watch for in the US market include:
- The potential impact of environmental policies on the import of chicory plant materials.
- Fluctuations in international trade agreements that could affect supply chains.
- Growing consumer demand for chicory products driven by health and dietary trends.
- Technological advancements in cultivation and transportation that may affect import volumes and values.