Global Chicory Leaf Extract Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

Chicory Leaf Extract Market Analysis

The market for chicory leaf extract is experiencing steady growth driven by increasing consumer awareness of its health benefits and expanding applications across various industries. Chicory leaf extract, derived from the Cichorium intybus plant, is gaining popularity primarily due to its rich content of inulin, a prebiotic fiber known for supporting digestive health and promoting beneficial gut bacteria. This has spurred demand for dietary supplements and functional foods aimed at digestive wellness. Additionally, chicory leaf extract is valued for its antioxidant properties and potential role in managing blood sugar levels, contributing to its adoption in the pharmaceutical and food industries. With ongoing research and development efforts focusing on expanding the extract's functionalities and applications, the chicory leaf extract market is poised for continued growth.

Chicory Leaf Extract Market Size

Global chicory leaf extract market size was valued at USD 1.63 million in 2023 and is projected to reach USD 2.64 million by 2031, with a CAGR of 6.2% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation       

Chicory Leaf Extract Market Definition

Chicory leaf extract is a natural substance derived from the leaves of the chicory plant (Cichorium intybus). It is typically obtained through various extraction methods, including solvent extraction or water extraction, to isolate beneficial compounds such as inulin, polyphenols, and other bioactive components present in chicory leaves. Chicory leaf extract is known for its potential health benefits, including digestive health support due to its prebiotic properties, antioxidant activity, and potential role in promoting metabolic health.             

Chicory Leaf Extract Market Dynamics

Drivers

• Increasing Health Awareness

The chicory leaf extract is recognized for its potential to support digestive health by acting as a prebiotic, fostering the growth of beneficial gut bacteria. Additionally, its antioxidant properties contribute to its appeal as a natural ingredient that aids in combating oxidative stress. As consumers increasingly prioritize health and wellness, the demand for chicory leaf extract continues to rise, fueling expansion in various sectors including dietary supplements, functional foods, and beverages. Growing awareness among consumers regarding the health benefits of chicory leaf extract is significantly driving market growth.  

• Rising Demand for Natural Ingredients

Consumers are increasingly seeking alternatives to synthetic additives and sweeteners, preferring products derived from natural sources like chicory. The extract's rich content of inulin, a natural prebiotic fiber, makes it particularly appealing for enhancing the nutritional profile of products while catering to the growing trend of health-conscious consumer preferences. This trend is driving manufacturers to innovate and incorporate chicory leaf extract into a wide range of products. The global shift towards natural and plant-based ingredients in food, beverages, and dietary supplements is boosting the demand for chicory leaf extract.

Opportunities

• Growth in Dietary Supplements Market    

As awareness of digestive health benefits grows, there is an increasing focus on incorporating prebiotic ingredients like chicory leaf extract into dietary supplements. These supplements are designed not only to support digestive function but also to boost immune health and enhance overall well-being. Manufacturers are leveraging this opportunity to develop innovative formulations that cater to the evolving preferences of health-conscious consumers.  The rising consumer demand for dietary supplements that promote gut health and overall wellness presents a significant opportunity for the chicory leaf extract market.        

• Expansion into Functional Food and Beverage Segments         

Consumers are increasingly seeking products that offer additional health benefits beyond basic nutrition, such as enhanced digestive health and immune support. Chicory leaf extract, known for its prebiotic properties and antioxidant content, is being incorporated into a variety of functional food and beverage formulations. From energy bars to probiotic drinks, the extract plays a pivotal role in meeting consumer demand for products that promote holistic wellness and nutritional benefits. The burgeoning preference for functional foods and beverages presents a promising opportunity for the chicory leaf extract market.

Restraints/Challenges

• High Costs of Cultivating and Processing Chicory Plants

The cost associated with cultivating and processing chicory plants for extract production poses a significant restraint in the market. Cultivating chicory requires specific agricultural practices and careful management to ensure optimal yield and quality of extractable compounds like inulin and polyphenols. These production costs can impact profit margins for manufacturers and suppliers, making it challenging to offer competitive pricing in the market. Moreover, fluctuations in raw material costs and the need for specialized equipment further add to the overall production expenses, challenging the market growth.                

• Seasonal Variability in Chicory Crop Yield       

Chicory cultivation is susceptible to seasonal variations, which can lead to fluctuations in crop yield and subsequently impact supply and pricing in the market. Factors such as weather conditions, soil quality, and agricultural practices influence the growth and development of chicory plants. Variability in crop yield can affect the availability of raw materials for extract production, causing periodic shortages or excess supply in the market. This seasonal variability poses challenges for manufacturers and suppliers in maintaining consistent product availability and pricing stability.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Chicory Leaf Extract Market Scope

The market is segmented on the basis of type, application, nature, end-user, and distribution channel. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Powder Extract
• Liquid Extract

Application

• Food and Beverages
• Dietary Supplements
• Pharmaceuticals
• Animal Feed
• Cosmetics

Nature

• Organic
• Conventional

End-User

• Supermarket
• Specialty Store
• Grocery
• Online Retailers
• Others

Distribution Channel

• Online
• Offline

Chicory Leaf Extract Market Regional Analysis

The market is analyzed and market size insights and trends are provided by country, type, application, nature, end-user, and distribution channel as referenced above.

The countries covered in the market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.

Europe is expected to dominate the market due to a notable rise in health awareness among consumers. The popularity of chicory coffee, known for its health benefits and distinctive flavor, has significantly contributed to this trend. Furthermore, there is a growing preference for sugar substitutes across various food and beverage applications within the region, further bolstering the demand for chicory leaf extract.       

North America is expected to show significant growth due to an increase in production capacity, with more manufacturers investing in chicory cultivation and processing facilities to meet the rising demand. Additionally, there is a growing consumer awareness of the health benefits associated with chicory leaf extract, including its prebiotic properties and potential role in reducing sugar intake. This heightened awareness is encouraging both consumers and manufacturers to incorporate chicory extract into a variety of products, from food and beverages to dietary supplements.

The country section of the report also provides individual market-impacting factors and changes in market regulation that affect the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Chicory Leaf Extract Market Share Analysis

The market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in R&D, new market initiatives, regional presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on the market.

Some of the major market players operating in the market are:

• Starwest Botanicals (U.S.)
• NP Nutra (U.S.)
• Cargill Incorporated (U.S.)
• Reily Foods Company (U.S.)
• STOKROS Company Ltd (Russia)
• Cosucra Groupe Warcoing (Belgium)
• BENEO GmbH (Germany)
• Sensus (Netherlands)
• Nature’s Gold Production (Netherlands)
• Leroux (France)
• Organic Herb Trading Co (U.K.)
• 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)

Latest Developments in Chicory Leaf Extract Market

• In November 2023, Associated British Foods (ABF) completed the acquisition of Beneo, a leading producer of chicory extract. This strategic purchase enhances ABF's presence in the sugar alternatives market, broadening its portfolio with chicory-derived ingredients like inulin and oligofructose         
• In October 2023, Sensus, a key player in the chicory extract industry, teamed up with Chr. Hansen, is a prominent manufacturer of enzymes and microbial cultures. This collaboration aims to advance innovative prebiotic solutions tailored for dietary supplements and functional foods

SKU-58610