Chicory Extract Market Size Was Valued at USD 808.94 Million in 2023 and is Projected to Reach USD 1364.37 Million by 2032, Growing at a CAGR of 5.98% From 2024-2032.
Chicory extract is derived from the roots of the chicory plant, scientifically called Cichorium intybus. It is normally used in food and beverage merchandise for its numerous fitness benefits and taste-improving residences. Chicory extract is wealthy in inulin, a type of soluble fiber, and is often used as a natural sweetener or flavoring agent in espresso substitutes, baked items, and dietary dietary supplements. Chicory extract performs a critical role in numerous industries due to its versatile applications. Extracted from the roots of the chicory plant, it serves as a natural food additive, flavoring agent, and dietary supplement. In the food and beverage enterprise, chicory extract is commonly used as a coffee alternative or additive, imparting a wealthy, roasted flavor to beverages.
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Active Key Players:
- 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)
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Chicory Extract Market Segment Analysis:
Increasing Interest in Low-Sugar Food Items and Caffeine Substitutes
- In recent years, there was an enormous growth in demand for low-sugar meals and caffeine substitutes, in particular within the chicory extract marketplace. This trend is being pushed mainly with the aid of improved client focus of the terrible effects of excessive sugar and caffeine consumption on health. As people come to be extra fitness-aware, they're actively searching out alternatives that permit them to devour their favored meals and drinks without sacrificing flavor or revel in. Chicory extract has emerged as a promising answer, offering an herbal sweetener and espresso replacement that meets the desires of fitness-conscious purchasers.
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Segmentation Analysis of The 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
By Region
- North America (U.S., 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)
Market Landscape: -
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Challenges
- Market Trend Analysis
- PESTLE Analysis
- Porter's Five Forces Analysis
- Industry Value Chain Analysis
- Ecosystem
- Regulatory Landscape
- Price Trend Analysis
- Patent Analysis
- Technology Evolution
- Investment Pockets
- Import-Export Analysis
- Potential Market Strategies
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