Report Detail
Global Chicory Extract Market Report 2018-2029
- RnM3877194 |
- 22 August, 2023 |
- Global |
- 137 Pages |
- HJResearch |
- Other
Chicory Extract: An Overview of the Industry Status and Prospects
Chicory Extract is a natural food ingredient, extracted from the roots of chicory plant, which has been used for centuries in various cultures as a traditional medicine and food supplement. In recent times, its popularity has grown due to its numerous health benefits and applications in the food and beverage industry.
The chicory plant contains a high concentration of inulin, a type of fiber that has prebiotic properties and promotes the growth of beneficial gut bacteria. It is also rich in antioxidants, which can help reduce inflammation and prevent oxidative damage.
Chicory Extract is commonly used as a natural sweetener and a flavor enhancer in various food and beverage products, such as bakery items, dairy products, and beverages. Its nutty, slightly bitter taste adds complexity to the flavors of foods and helps reduce the need for added sugar and artificial flavorings.
The Chicory Extract industry has been witnessing steady growth in recent years, and the global market size is expected to reach US$704 million by 2022, at a compound annual growth rate of 5.5%. One of the primary drivers of this growth is the increasing awareness among consumers about the benefits of natural and healthy food ingredients.
Chicory Extract is used in a wide range of industries, such as Food and Beverages, Dietary Supplements, Pharmaceuticals, and Others. Among these, the food and beverage industry is the largest consumer of Chicory Extract, accounting for more than half of the total market share.
The Chicory Extract market is highly competitive, with several global players dominating the market. The major manufacturers of Chicory Extract include BENEO, Cosucra Group, Sensus, BaiYin XiRui Biological Engineering, VILOF, Qinghai Faninon, Fuji Nihon Seito, The Tierra Group, Gansu Likang Nutritional Foods, and Pioneer Chicory.
These manufacturers are focusing on developing innovative products with enhanced functionality and nutritional value to cater to the growing demand for healthy and natural foods. They are also investing in research and development to improve the extraction process, increase the yield of inulin, and reduce the production costs.
In conclusion, Chicory Extract is a natural and healthy food ingredient with numerous health benefits and applications in the food and beverage industry. Its market is expected to grow steadily in the coming years, driven by the increasing demand for natural and healthy food ingredients. The global manufacturers are actively investing in research and development to improve the quality and functionality of their products to sustain their position in the highly competitive market.
The SWOT analysis of the Chicory Extract industry is as follows:
Strengths:
1. Growing Health Awareness: Chicory extract is a natural and healthy alternative to sugar and synthetic sweeteners. The increasing awareness of health benefits associated with chicory extracts, such as improving digestion, boosting immunity, and aiding weight loss, is driving the growth of the chicory extract industry.
2. Diverse Applications: Chicory extract is used in a wide range of industries, including food and beverage, dietary supplements, and pharmaceuticals. Its multifunctional properties like caffeine-free and gluten-free make it an attractive ingredient in the food and beverages industry.
3. Sustainable Production: Chicory is a crop with a low environmental impact, a long growing season, and high yield per hectare. The extraction process of the extracts also has low carbon footprint and produces minimal waste.
4. Increasing Demand for Natural Ingredients: The chicory extract industry is benefiting from the rising demand for natural and organic products in the food and beverage, and healthcare industries.
Weaknesses:
1. Limited Awareness: Despite the benefits of chicory extract to consumers, it remains largely unknown to many people. The lack of awareness leads to under-utilization of this ingredient and a slower market growth.
2. Dependence on Regional Cultivation: Chicory cultivation is limited to some regions, which means that the raw material supply is often geographically concentrated and can be affected by weather conditions.
3. Challenges in Extraction: Extracting chicory extracts require complex processing techniques, making it relatively expensive compared to other ingredients.
Opportunities:
1. Growing Demand for Functional Food and Beverages: The market for functional food and beverages, which contain ingredients that offer specific health benefits, is growing rapidly. Chicory extract can be used as a functional ingredient in products with added health benefits.
2. Expansion in Emerging Markets: The increasing demand for plant-based and natural ingredients makes emerging markets, such as Asia Pacific, attractive for chicory extract manufacturers.
Threats:
1. Competition from Artificial Sweeteners: Chicory extract faces strong competition from artificial sweeteners that are less expensive and easier to manufacture.
2. Stringent Regulatory Standards: Governments have stringent standards related to safety, labeling, and certification of natural ingredients, which may create hurdles for chicory extract producers.
3. Supply Chain Disruptions: Chicory extract production is dependent on the agricultural sector for raw material supply, and disruptions can arise from crop disease outbreaks and climate change.
Key players in global Chicory Extract market include:
BENEO
Cosucra Group
Sensus
BaiYin XiRui Biological Engineering
VILOF
Qinghai Faninon
Fuji Nihon Seito
The Tierra Group
Gansu Likang Nutritional Foods
Pioneer Chicory
Market segmentation, by product types:
Powder Extract
Liquid Extract
Market segmentation, by applications:
Food and Beverages
Dietary Supplements
Pharmaceuticals
Others
1 Industry Overview of Chicory Extract
- 1.1 Research Scope
- 1.2 Market Segmentation by Types of Chicory Extract
- 1.3 Market Segmentation by End Users of Chicory Extract
- 1.4 Market Dynamics Analysis of Chicory Extract
- 1.4.1 Market Drivers
- 1.4.2 Market Challenges
- 1.4.3 Market Opportunities
- 1.4.4 Porter’s Five Forces
2 Major Manufacturers Analysis of Chicory Extract Industry
- 2.1 BENEO
- 2.1.1 Company Overview
- 2.1.2 Main Products and Specifications
- 2.1.3 Chicory Extract Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.1.4 Contact Information
- 2.2 Cosucra Group
- 2.2.1 Company Overview
- 2.2.2 Main Products and Specifications
- 2.2.3 Chicory Extract Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.2.4 Contact Information
- 2.3 Sensus
- 2.3.1 Company Overview
- 2.3.2 Main Products and Specifications
- 2.3.3 Chicory Extract Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.3.4 Contact Information
- 2.4 BaiYin XiRui Biological Engineering
- 2.4.1 Company Overview
- 2.4.2 Main Products and Specifications
- 2.4.3 Chicory Extract Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.4.4 Contact Information
- 2.5 VILOF
- 2.5.1 Company Overview
- 2.5.2 Main Products and Specifications
- 2.5.3 Chicory Extract Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.5.4 Contact Information
- 2.6 Qinghai Faninon
- 2.6.1 Company Overview
- 2.6.2 Main Products and Specifications
- 2.6.3 Chicory Extract Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.6.4 Contact Information
- 2.7 Fuji Nihon Seito
- 2.7.1 Company Overview
- 2.7.2 Main Products and Specifications
- 2.7.3 Chicory Extract Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.7.4 Contact Information
- 2.8 The Tierra Group
- 2.8.1 Company Overview
- 2.8.2 Main Products and Specifications
- 2.8.3 Chicory Extract Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.8.4 Contact Information
- 2.9 Gansu Likang Nutritional Foods
- 2.9.1 Company Overview
- 2.9.2 Main Products and Specifications
- 2.9.3 Chicory Extract Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.9.4 Contact Information
- 2.10 Pioneer Chicory
- 2.10.1 Company Overview
- 2.10.2 Main Products and Specifications
- 2.10.3 Chicory Extract Sales Volume, Revenue, Price and Gross Margin (2018-2023)
- 2.10.4 Contact Information
3 Global Chicory Extract Market Analysis by Regions, Manufacturers, Types and End Users
- 3.1 Global Sales Volume and Revenue of Chicory Extract by Regions (2018-2023)
- 3.2 Global Sales Volume and Revenue of Chicory Extract by Manufacturers (2018-2023)
- 3.3 Global Sales Volume and Revenue of Chicory Extract by Types (2018-2023)
- 3.4 Global Sales Volume and Revenue of Chicory Extract by End Users (2018-2023)
- 3.5 Selling Price Analysis of Chicory Extract by Regions, Manufacturers, Types and End Users in (2018-2023)
4 Northern America Chicory Extract Market Analysis by Countries, Types and End Users
- 4.1 Northern America Chicory Extract Sales Volume and Revenue Analysis by Countries (2018-2023)
- 4.2 Northern America Chicory Extract Sales Volume and Revenue Analysis by Types (2018-2023)
- 4.3 Northern America Chicory Extract Sales Volume and Revenue Analysis by End Users (2018-2023)
- 4.4 United States Chicory Extract Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 4.5 Canada Chicory Extract Sales Volume, Revenue, Import and Export Analysis (2018-2023)
5 Europe Chicory Extract Market Analysis by Countries, Types and End Users
- 5.1 Europe Chicory Extract Sales Volume and Revenue Analysis by Countries (2018-2023)
- 5.2 Europe Chicory Extract Sales Volume and Revenue Analysis by Types (2018-2023)
- 5.3 Europe Chicory Extract Sales Volume and Revenue Analysis by End Users (2018-2023)
- 5.4 Germany Chicory Extract Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.5 France Chicory Extract Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.6 UK Chicory Extract Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.7 Italy Chicory Extract Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.8 Russia Chicory Extract Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.9 Spain Chicory Extract Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 5.10 Netherlands Chicory Extract Sales Volume, Revenue, Import and Export Analysis (2018-2023)
6 Asia Pacific Chicory Extract Market Analysis by Countries, Types and End Users
- 6.1 Asia Pacific Chicory Extract Sales Volume and Revenue Analysis by Countries (2018-2023)
- 6.2 Asia Pacific Chicory Extract Sales Volume and Revenue Analysis by Types (2018-2023)
- 6.3 Asia Pacific Chicory Extract Sales Volume and Revenue Analysis by End Users (2018-2023)
- 6.4 China Chicory Extract Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.5 Japan Chicory Extract Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.6 Korea Chicory Extract Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.7 India Chicory Extract Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.8 Australia Chicory Extract Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.9 Indonesia Chicory Extract Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 6.10 Vietnam Chicory Extract Sales Volume, Revenue, Import and Export Analysis (2018-2023)
7 Latin America Chicory Extract Market Analysis by Countries, Types and End Users
- 7.1 Latin America Chicory Extract Sales Volume and Revenue Analysis by Countries (2018-2023)
- 7.2 Latin America Chicory Extract Sales Volume and Revenue Analysis by Types (2018-2023)
- 7.3 Latin America Chicory Extract Sales Volume and Revenue Analysis by End Users (2018-2023)
- 7.4 Brazil Chicory Extract Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 7.5 Mexico Chicory Extract Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 7.6 Argentina Chicory Extract Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 7.7 Colombia Chicory Extract Sales Volume, Revenue, Import and Export Analysis (2018-2023)
8 Middle East & Africa Chicory Extract Market Analysis by Countries, Types and End Users
- 8.1 Middle East & Africa Chicory Extract Sales Volume and Revenue Analysis by Countries (2018-2023)
- 8.2 Middle East & Africa Chicory Extract Sales Volume and Revenue Analysis by Types (2018-2023)
- 8.3 Middle East & Africa Chicory Extract Sales Volume and Revenue Analysis by End Users (2018-2023)
- 8.4 Turkey Chicory Extract Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 8.5 Saudi Arabia Chicory Extract Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 8.6 South Africa Chicory Extract Sales Volume, Revenue, Import and Export Analysis (2018-2023)
- 8.7 Egypt Chicory Extract Sales Volume, Revenue, Import and Export Analysis (2018-2023)
9 Marketing Channel, Distributors and Traders Analysis
- 9.1 Marketing Channel
- 9.1.1 Direct Channel
- 9.1.2 Indirect Channel
- 9.2 Distributors and Traders
10 Global Chicory Extract Market Forecast by Regions, Countries, Manufacturers, Types and End Users
- 10.1 Global Sales Volume and Revenue Forecast of Chicory Extract by Regions (2024-2029)
- 10.2 Global Sales Volume and Revenue Forecast of Chicory Extract by Types (2024-2029)
- 10.3 Global Sales Volume and Revenue Forecast of Chicory Extract by End Users (2024-2029)
- 10.4 Global Revenue Forecast of Chicory Extract by Countries (2024-2029)
- 10.4.1 United States Revenue Forecast (2024-2029)
- 10.4.2 Canada Revenue Forecast (2024-2029)
- 10.4.3 Germany Revenue Forecast (2024-2029)
- 10.4.4 France Revenue Forecast (2024-2029)
- 10.4.5 UK Revenue Forecast (2024-2029)
- 10.4.6 Italy Revenue Forecast (2024-2029)
- 10.4.7 Russia Revenue Forecast (2024-2029)
- 10.4.8 Spain Revenue Forecast (2024-2029)
- 10.4.9 Netherlands Revenue Forecast (2024-2029)
- 10.4.10 China Revenue Forecast (2024-2029)
- 10.4.11 Japan Revenue Forecast (2024-2029)
- 10.4.12 Korea Revenue Forecast (2024-2029)
- 10.4.13 India Revenue Forecast (2024-2029)
- 10.4.14 Australia Revenue Forecast (2024-2029)
- 10.4.15 Indonesia Revenue Forecast (2024-2029)
- 10.4.16 Vietnam Revenue Forecast (2024-2029)
- 10.4.17 Brazil Revenue Forecast (2024-2029)
- 10.4.18 Mexico Revenue Forecast (2024-2029)
- 10.4.19 Argentina Revenue Forecast (2024-2029)
- 10.4.20 Colombia Revenue Forecast (2024-2029)
- 10.4.21 Turkey Revenue Forecast (2024-2029)
- 10.4.22 Saudi Arabia Revenue Forecast (2024-2029)
- 10.4.23 South Africa Revenue Forecast (2024-2029)
- 10.4.24 Egypt Revenue Forecast (2024-2029)
11 Industry Chain Analysis of Chicory Extract
- 11.1 Upstream Major Raw Materials and Equipment Suppliers Analysis of Chicory Extract
- 11.1.1 Major Raw Materials Suppliers with Contact Information Analysis of Chicory Extract
- 11.1.2 Major Equipment Suppliers with Contact Information Analysis of Chicory Extract
- 11.2 Downstream Major Consumers Analysis of Chicory Extract
- 11.3 Major Suppliers of Chicory Extract with Contact Information
- 11.4 Supply Chain Relationship Analysis of Chicory Extract
12 Chicory Extract New Project Investment Feasibility Analysis
- 12.1 Chicory Extract New Project SWOT Analysis
- 12.2 Chicory Extract New Project Investment Feasibility Analysis
- 12.2.1 Project Name
- 12.2.2 Investment Budget
- 12.2.3 Project Product Solutions
- 12.2.4 Project Schedule
13 Chicory Extract Research Findings and Conclusion
14 Appendix
- 14.1 Research Methodology
- 14.2 References and Data Sources
- 14.2.1 Primary Sources
- 14.2.2 Secondary Paid Sources
- 14.2.3 Secondary Public Sources
- 14.3 Abbreviations and Units of Measurement
- 14.4 Author Details
Summary:
Get latest Market Research Reports on Chicory Extract. Industry analysis & Market Report on Chicory Extract is a syndicated market report, published as Global Chicory Extract Market Report 2018-2029. It is complete Research Study and Industry Analysis of Chicory Extract market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.
REPORT YOU MIGHT BE INTERESTED
Related Reports
Reason to Buy
Reports and Markets
Contact Us
+1-352-353-0818 (US)Newsletter
KEEP UP TO DATE ON ALL THE LATEST REPORTS
