The Chicory market in Slovakia experienced fluctuations over the past decade. In 2023, the market volume stood at 249.21 thousand kilograms. The most significant decline was observed in 2018, followed by a steady recovery phase, although the market did not return to pre-2018 levels. Over the last two years, there was a slight positive trend with year-on-year increases of 1.81% in 2022 and 1.74% in 2023. During this period, the compound annual growth rate (CAGR) was -1.05%, indicating a slow recovery.
Future trends to monitor include potential growth driven by increasing demand for health-conscious products, potential innovations in chicory-based goods, and shifts in consumer preferences towards plant-based ingredients. These factors could influence market dynamics, along with economic conditions and agricultural production variability.
