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 known as Cichorium intybus. It is commonly used in food and beverage products for its various health benefits and flavor-enhancing properties. Chicory extract is rich in inulin, a type of soluble fiber, and is often used as a natural sweetener or flavoring agent in coffee substitutes, baked goods, and dietary supplements.
Chicory extract plays a crucial role in various 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 industry, chicory extract is commonly used as a coffee substitute or additive, imparting a rich, roasted flavor to beverages. Additionally, it is utilized as a natural sweetener in products such as baked goods, dairy products, and confectionery items. Its ability to enhance flavor profiles while offering health benefits makes it a popular choice for manufacturers seeking natural alternatives to synthetic additives.
Top Key Players Covered in The Global Chicory Extract Market
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
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Growing Awareness of Chicory Extract's Versatility
The growing popularity of natural and plant-based ingredients, as well as the recognition of chicory extract's numerous functional and nutritional benefits. Consumers are becoming more discerning about the ingredients they consume, looking for alternatives that provide both health benefits and culinary versatility. Chicory extract has emerged as a standout ingredient, valued for its ability to improve the flavor, texture, and nutritional value of a variety of food and beverage products.
Segmentation Analysis of the Chicory Extract Market
Chicory Extract Market Segmented on the basis of Grade, Form, Source, and Application,
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
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Chicory Extract Market Regional Insights:
Europe is projected to maintain its leading position in the chicory extract market because of its extensive history and tradition of cultivating and consuming chicory. Nations like France, Belgium, and the Netherlands have been recognized for their quality chicory production, used both in cooking and for extracting inulin, an important chicory component.
Europe's leading position in the global chicory extract market is driven by its well-established industry infrastructure and increasing demand for natural and plant-based ingredients. Belgium is famous for its chicory root cultivation, attributed to the country's moderate climate and productive soil, creating optimal conditions for the growth of this adaptable crop. Belgian businesses have made significant investments in research and development to fully maximize the benefits of chicory extract, exploring innovative uses and combinations to align with shifting consumer demands and preferences.
By Region
- 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)
Table of contents:
- Executive Summary
- Market Landscape
- Market Sizing
- Historic Market Size
- Five Forces Analysis
- Market Segmentation by Product
- Market Segmentation by Technology
- Customer Landscape
- Geographic Landscape
- Drivers, Challenges, and Trends
- Company Landscape
- Company Analysis
- Appendix
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