| Product Code: ETC4839050 | Publication Date: Nov 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The chicory market in Taiwan is growing as consumers seek healthier food and beverage options. Chicory, used as a coffee substitute and food ingredient, is gaining popularity due to its digestive health benefits. Taiwan focus on wellness and healthy living drives demand for chicory-based products.
The chicory market in Taiwan is expanding, primarily due to the increasing demand for natural and healthy food ingredients. Chicory is recognized for its health benefits, including its role as a dietary fiber and its use as a caffeine substitute in beverages. As consumers become more health-conscious and seek functional food options, the popularity of chicory as a natural ingredient is on the rise. Additionally, the growing trend of plant-based diets is further propelling the demand for chicory in various food products, including snacks and beverages. Taiwanese manufacturers are capitalizing on this trend by developing innovative chicory-based products to meet consumer preferences.
The Taiwan chicory market faces challenges due to limited consumer awareness of its benefits, competition from other dietary fiber sources, and fluctuating prices for raw chicory root.
The chicory market in Taiwan benefits from government support for agricultural diversification and sustainable farming practices. The Taiwanese government promotes the cultivation of chicory as a valuable crop for food and beverage applications, driving growth in the market for chicory-based products.
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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