Dublin, June 11, 2024 (GLOBE NEWSWIRE) -- The "US Lettuce & Chicory Market Report (By Type, Exports & Imports): 2024 Edition" report has been added to ResearchAndMarkets.com's offering.
The US lettuce and chicory market is forecasted to reach US$5.36 billion in 2028, experiencing growth at a CAGR of 2.64% during the period spanning from 2023 to 2028.
Growth in the lettuce and chicory market is supported by factors such as rising population, rising middle class spending, shift towards veganism/ vegetarianism, increasing awareness regarding the health benefit of chicory and rising social media influence. However, the market growth is expected to be restrained by higher technical expertise required for producing certain chicory-based products and short shelf life of lettuce and chicory.
The global lettuce and chicory consumption by region can be segmented as follows: China, the US, India and other. In 2023, the dominant share of global lettuce and chicory consumption was held by China, followed by the US.
The US lettuce market by type can be segmented as follows: leaf & romaine lettuce and head lettuce. The larger share of the market was held by leaf & romaine lettuce. Factors such as growing popularity of salad kits and packaged salads and growing organic lettuce market helped in boosting market growth. The US lettuce market by export destinations can be segmented as follows: Canada, Mexico and other countries. The dominant export destination of the US is Canada.
Scope of the report
- The report provides a comprehensive analysis of the US lettuce & chicory market.
- The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.
- The company profiles of leading players (Cargill, Sudzucker, Dole, Cosucra Groupe Warcoing SA, Wm. B. Reily & Company Inc. and Royal Cosun) are also presented in detail.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 98 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value (USD) in 2024 | $4.83 Billion |
| Forecasted Market Value (USD) by 2028 | $5.36 Billion |
| Compound Annual Growth Rate | 2.6% |
| Regions Covered | United States |
Key Topics Covered:
1. Market Overview
1.1 Lettuce & Chicory
1.2 Uses of Lettuce & Chicory
1.3 Benefits of Lettuce & Chicory
1.4 Types of Lettuce
1.5 Types of Chicory
1.6 Value Chain Analysis of Lettuce
2. Impact of COVID-19
2.1 Impact of COVID-19 on Global Lettuce & Chicory Market
2.2 Rising Vertical Farming
2.3 Increase in Consumption of Chicory Based Beverages
2.4 Rise in Home Cooking
2.5 Post-COVID Scenario
3. Market Analysis
3.1 Global Lettuce & Chicory Market Forecast by Value
3.2 Global Lettuce & Chicory Market by Consumption
3.3 Global Lettuce & Chicory Market Forecast by Consumption
3.4 Global Lettuce & Chicory Consumption by Region
4. The US Market Analysis
4.1 The US Lettuce & Chicory Market Forecast by Value
4.2 The US Lettuce & Chicory Market by Type of Farming
4.3 The US Lettuce Production
4.4 The US Lettuce Production by Type
4.5 The US Lettuce Supply
4.6 The US Lettuce Supply by Type
4.7 The US Lettuce Exports by Value
4.8 The US Lettuce Exports by Volume
4.9 The US Lettuce Imports by Value
4.10 The US Lettuce Imports by Volume
4.11 The US Chicory Exports
4.12 The US Chicory Imports
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Rising Middle Class Spending
5.1.2 Shift towards Veganism/ Vegetarianism
5.1.3 Increasing Awareness Regarding the Health Benefit Of Chicory
5.1.4 Rising Social Media Influence
5.1.5 Preference for Chicory as a Cheaper Substitute for Coffee
5.2 Key Trends & Developments
5.2.1 Growth in Applications of Chicory Across Various Industries
5.2.2 Salad Kits and Packaged Salads
5.2.3 Organic Lettuce Market
5.3 Challenges
5.3.1 Higher Technical Expertise Required for Producing Certain Chicory-based Products
5.3.2 Short Shelf Life
6. Company Profiles
- Cargill, Inc.
- Cosucra Groupe Warcoing SA
- Dole plc
- Royal Cosun
- Sudzucker AG
- WM B. Reily & Company Inc.
For more information about this report visit https://www.researchandmarkets.com/r/aqm26s
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