Global Chlorophyll Extract Market Report By Type (Liquid, Powder), By Application (Cosmetics, Food Additive, Pharmaceutical, Animal Feed, Nutraceuticals, Beverages, Other), By Distribution Channel (Direct Sales, Online Retail, Supermarkets & Hypermarkets, Specialty Stores, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2023-2032
The rising usage of chlorophyll extract in nutritional supplements, food, beverages, and personal care products. Excellent health benefits associated with chlorophyll extract such as detoxification, skin protection, cancer prevention, and boosting the immune system are fueling the market growth. Also, increasing the use of chlorophyll extract in food products as a food colorant is pushing its demand higher. Owing to its ability to protect and enhance skin texture, it is widely used in moisturizers, acne creams, and other personal care products. Moreover, a shift in consumer preference for herbal and organic supplements owing to zero side effects is again propelling market growth.
The latest report by Value Market Research expects the Global Chlorophyll Extract Market to reach USD 5.15 BN by 2030. It was valued at USD 2.7 BNin 2022. The report foresees an 8.4% CAGR from 2023 to 2030.
LIQUID LED THE PRODUCT SEGMENT
On the basis of product, liquid led the segment in 2018. The advantages of the liquid extract are easy to consume, allows optimal absorption, has a better shelf life, and a higher concentration of active components is driving the segment demand.
FOOD ADDITIVES EMERGED AS THE LARGEST APPLICATION SEGMENT
By application, food additives led the segment in the year 2022. Rising demand for chlorophyll extract in processed food, ice cream, drinks, sauces, pasta, and cheese as a food colorant and functional ingredient is driving the segment's growth. The growing preference for herbal ingredients owing to zero side effects is further fueling the segment's growth.
NORTH AMERICA DOMINATED THE REGIONAL MARKET
In 2022, North America led the regional market by accounting for the highest market share. Rising demand and production of chlorophyll-based products are driving regional market growth.
PROMINENT PLAYERS OF THE MARKET
Some of the key players in the market are British Chlorophyll Ltd., Global Essence, Inc., Kancor Ingredients Ltd., Merck Group (Sigma-Aldrich Co. LLC), and Sensient Colors LLC.
As per this study the Global Chlorophyll Extract Market was valued USD 2.7 BN (by revenue) in 2022 and is anticipated to reach USD 5.15 BN by 2030 with a CAGR of 8.4%.
Chlorophyll is a dark green colored pigment present in leaf of the plants used to produce food through photosynthesis. Chlorophyll extracts are derived from plant cells of spinach, alfalfa, broccoli, asparagus, green cabbage and other leafy vegetables. It is commercially available in capsule/tablet, liquid and powdered form. Consumption of chlorophyll extract leads to body detoxification, improves digestion, protects skin and also aids in fighting cancer.
Rising count of health conscious population is driving the market growth. Presence of excellent properties used for blood building, wound healing and skin texture improvement has driven in demand in cosmetic and pharmaceutical sector. Also, shift in consumer preference for herbal and organic supplements owing to zero side effects is further boosting the market demand.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of chlorophyll extract.
The broad chlorophyll extract market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Distribution Channel
Supermarkets & Hypermarkets
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for chlorophyll extract in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Chlorophyll Extract Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the Chlorophyll Extract market include Chr. Hansen, Nature's Health Products, British Chlorophyll, Sensient Colors, Zhejiang Haining Fengming Chlorophyll. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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1 . PREFACE
1.1. Report Description
1.1.2. Target Audience
1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Market Research Process
1.3.2. Market Research Methodology
2 . EXECUTIVE SUMMARY
2.1. Highlights of Market
2.2. Global Market Snapshot
3 . CHLOROPHYLL EXTRACT – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.5. Industry Trends
3.6. Porter’s Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Type
3.7.2 Market Attractiveness Analysis By Application
3.7.3 Market Attractiveness Analysis By Distribution Channel
3.7.4 Market Attractiveness Analysis By Region
4 . VALUE CHAIN ANALYSIS
4.1. Value Chain Analysis
4.2. Raw Material Analysis
4.2.1. List of Raw Materials
4.2.2. Raw Material Manufactures List
4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
4.4.1. Direct Marketing
4.4.2. Indirect Marketing
4.4.3. Marketing Channel Development Trend
5 . GLOBAL CHLOROPHYLL EXTRACT MARKET ANALYSIS BY TYPE
5.1 Overview by Type
5.2 Historical and Forecast Data
5.3 Analysis by Type
5.4 Liquid Historic and Forecast Sales by Regions
5.5 Powder Historic and Forecast Sales by Regions
6 . GLOBAL CHLOROPHYLL EXTRACT MARKET ANALYSIS BY APPLICATION
6.1 Overview by Application
6.2 Historical and Forecast Data
6.3 Analysis by Application
6.4 Cosmetics Historic and Forecast Sales by Regions
6.5 Food Additive Historic and Forecast Sales by Regions
6.6 Pharmaceutical Historic and Forecast Sales by Regions
6.7 Animal Feed Historic and Forecast Sales by Regions
6.8 Nutraceuticals Historic and F ...