The Chicory market in Estonia, measured as market size value in thousand Euros, saw fluctuations between 2013 and 2023. After struggles in 2016 and 2017, it experienced a significant recovery, peaking in 2021. The year 2022 witnessed a slight decline, which continued narrowly in 2023, when its market value stood at 376.96 thousand Euros. Over the last five years, the market exhibited an average annual growth rate of 1.53%.
Future trends to watch for include:
- Potential market stabilization or growth driven by health trends supporting chicory as a coffee alternative.
- Impact of regulatory or farming practices affecting chicory cultivation.
- Consumer preference shifts towards natural ingredients in food products.