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Latin America Chicory Extract Market

The Latin America Chicory Extract market size was valued at US$ 34 million in 2024 and is projected to reach US$ 48 million by 2030, at a CAGR of 5.9% during the forecast period 2024-2030.
Chicory extract is a natural ingredient derived from the roots of the chicory plant, used as a coffee substitute, prebiotic fiber source, and flavor enhancer in various food and beverage applications.
The Latin American chicory extract market is growing steadily, driven by increasing consumer interest in natural and functional ingredients. Brazil, Argentina, and Colombia account for 65% of the regional market. In 2023, the food and beverage industry consumed 55% of chicory extract in Latin America. The market saw a 20% increase in demand for organic chicory extract in 2023, particularly for use in natural coffee alternatives and functional foods. Use in dietary supplements is growing at 12% annually. Key manufacturers are focusing on developing standardized chicory extracts with guaranteed inulin content, with a 25% year-over-year increase in product launches targeting the prebiotic market. The industry is also witnessing a trend towards chicory-based sweeteners, with a 30% rise in R&D investments for low-calorie, natural sweetening solutions.

Report Includes

This report is an essential reference for who looks for detailed information on Latin America Chicory Extract. The report covers data on Latin America markets including historical and future trends for supply, market size, prices, trading, competition and value chain as well as Latin America major vendors¡¯ information. In addition to the data part, the report also provides overview of Chicory Extract, including classification, application, manufacturing technology, industry chain analysis and latest market dynamics. Finally, a customization report in order to meet user's requirements is also available.

This report aims to provide a comprehensive presentation of the Latin America Chicory Extract, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Chicory Extract. This report contains market size and forecasts of Chicory Extract in Latin America, including the following market information:
We surveyed the Chicory Extract manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

by Country

•   Brazil
•   Mexico
•   Argentina
•   Chile
•   Colombia
•   Peru
•   Venezuela

by Products type:

• Powder Extract
• Liquid Extract

by Application:

•   Food and Beverages
•   Dietary Supplements
•   Pharmaceuticals
•   Others

key players include: (At least 8-10 companies included)

•   Cosucra Groupe Warcoing SA
•   Sensus
•   Leroux
•   Naturex
•   BENEO GmbH
•   PMV Nutrient Products Pvt Ltd.
•   FARMVILLA
•   Nexira
•   WILD Flavors and Specialty Ingredients
•   Organic Herb Inc.

Including or excluding key companies relevant to your analysis.

Competitor Analysis

The report also provides analysis of leading market participants including:
•   Key companies Chicory Extract revenues in Latin America market, 2019-2024 (Estimated), ($ millions)
•   Key companies Chicory Extract revenues share in Latin America market, 2023 (%)
•   Key companies Chicory Extract sales in Latin America market, 2019-2024 (Estimated),
•   Key companies Chicory Extract sales share in Latin America market, 2023 (%)

Key Points of this Report:
•   The depth industry chain includes analysis value chain analysis, porter five forces model analysis and cost structure analysis
•   The report covers Latin America and country-wise market of Chicory Extract
•   It describes present situation, historical background and future forecast
•   Comprehensive data showing Chicory Extract capacities, production, consumption, trade statistics, and prices in the recent years are provided
•   The report indicates a wealth of information on Chicory Extract manufacturers
•   Chicory Extract forecast for next five years, including market volumes and prices is also provided
•   Raw Material Supply and Downstream Consumer Information is also included
•   Any other user's requirements which is feasible for us

Reasons to Purchase this Report:
•   Analyzing the outlook of the market with the recent trends and SWOT analysis
•   Market dynamics scenario, along with growth opportunities of the market in the years to come
•   Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
•   Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
•   Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
•   Distribution Channel sales Analysis by Value
•   Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
•   Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
•   1-year analyst support, along with the data support in excel format.