The Chicory Extract Market is expected to grow at a significant growth rate, and the analysis period is 2023–2030, considering the base year as 2022.
Chicory extract is derived from the root of the chicory plant (Cichorium intybus), which is a member of the dandelion family. It is commonly used as a natural food additive and dietary supplement due to its various health benefits and functional properties. The chicory extract market encompasses the production, distribution, and consumption of various forms of chicory extracts, including liquid extracts, powder, and inulin.
Market Overview:
Growing consumer awareness of the health advantages of goods derived from chicory has propelled the market for chicory extract to steady growth in recent years. Inulin, a prebiotic fiber with benefits for digestive health, is abundant in chicory extract. Chicory extract has becoming more and more well-liked in the food and beverage business as a natural sweetener, taste enhancer, and fat substitute as customer demand for natural and functional ingredients rises.
Trends in the Market:
The market for chicory extract is being shaped by several developments. Growing customer demands for healthier and more transparent food items are one noteworthy trend driving the market for natural and clean-label components. Because of its adaptability and useful qualities, chicory extract is a popular ingredient among producers that want to create goods with less artificial additives and preservatives. Additionally, the market for inulin and other prebiotic fibers produced from chicory has increased due to the rising incidence of digestive health problems and the growing appeal of diets focused on gut health.
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Leading players involved in the Chicory Extract Market include:
Starwest Botanicals (US),NP Nutra (US),Cargill Incorporated (US),Reily Foods Company (US),STOKROS Company Ltd (Russia),Cosucra Groupe Warcoing (Belgium),BENEO GmbH (Germany),Sensus (Netherlands),Nature’s Gold Production (Netherlands),Leroux (France),Organic Herb Trading Co (UK),Pioneer Chicory (India),PMV Nutrient Products Pvt Ltd (India),Farmvilla Food Industries Pvt Ltd (India),Murlikrishna Foods Pvt Ltd (India),Jamnagar Chicory Industries (India),Herbs & Crops Overseas (India),Narasu’s Coffee Company (India),Delecto Foods Pvt Ltd (India),Shaanxi Sciphar Natural Product Co Ltd. (China), and Other Major Players
The latest report on the Chicory Extract Market provides a detailed analysis of the market for the years 2024 to 2032. It presents a comprehensive overview of the global Chicory Extract industry, incorporating all key industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis of the Chicory Extract market. Moreover, the research covers crucial chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to grasp the market direction and development in the present and forthcoming years.
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Segmentation of Chicory Extract Market:
By Grade
· Inulin
· Fructooligosaccharides (FOS)
· Chicoric Acid
By Form
· Powder
· Liquid
· Granulated
By Source
· Root
· Leaves
By Application
· Nutraceuticals & Pharmaceuticals
· Food & Beverages
· Cosmetics
· Animal Feed
An in-depth study of the Chicory Extract industry for the years 2024–2032 is provided in the latest research. North America, Europe, Asia-Pacific, South America, the Middle East, and Africa are only some of the regions included in the report’s segmented and regional analyses. The research also includes key insights including market trends and potential opportunities based on these major insights. All these quantitative data, such as market size and revenue forecasts, and qualitative data, such as customers’ values, needs, and buying inclinations, are integral parts of any thorough market analysis.
By Regions: -
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Key Benefits of Chicory Extract Market Research:
- Research Report covers the Industry drivers, restraints, opportunities and challenges
- Competitive landscape & strategies of leading key players
- Potential & niche segments and regional analysis exhibiting promising growth covered in the study
- Recent industry trends and market developments
- Research provides historical, current, and projected market size & share, in terms of value
- Market intelligence to enable effective decision making
- Growth opportunities and trend analysis
- Covid-19 Impact analysis and analysis to Chicory Extract market
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