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.

Cichorium intybus, the scientific name for the chicory plant, is the source of chicory extract. Because of its many health advantages and ability to enhance flavor, it is frequently utilized in food and beverage items. Chicory extract, which is high in soluble fiber called inulin, is frequently used as a natural flavoring or sweetener in baked products, dietary supplements, and coffee alternatives.

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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At the core of our study is an in-depth analysis of the Chicory Extract Market ecosystem, where we thoroughly examine the functions and interdependencies of various market stakeholders. Through our expert utilization of trusted methodologies, including SWOT Analysis, Porter's Five Forces Analysis, and Price Trend Analysis, we offer a comprehensive understanding of both the regulatory landscape and the prevailing trends shaping the industry.

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Segmentation:

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

Key Industry Developments in the Chicory Extract Market:

Rising Popularity of Inulin: Inulin, a soluble dietary fiber extracted from chicory root, has gained significant traction due to its various health benefits, including improved gut health, blood sugar regulation, and weight management. As a result, there has been a surge in demand for chicory extract, which is a rich source of inulin, across various food and beverage applications.

Expansion of Functional Food and Beverage Market: The growing consumer preference for functional food and beverages, especially those with digestive health benefits, has propelled the demand for chicory extract as a natural ingredient. Food manufacturers are incorporating chicory extract into a wide range of products such as dairy alternatives, baked goods, and functional beverages to enhance their nutritional profile.

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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)

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