The market for chlorophyll extract is predicted to increase at a compound annual growth rate (CAGR) of 7.6% between 2023 and 2033, from its estimated USD 255.65 million in 2022 to USD 428.38 million in 2033. Chlorophyll extract is in high demand across several end-use sectors, including food and beverage, cosmetics, personal care, and nutritional supplements. Because chlorophyll extract has qualities that make it a preferable option for some applications, its demand is rising across several sectors.
A pigment called chlorophyll extract is formed from different kinds of plants, although it is most commonly found in green crops like spinach, kale, and parsley. It is a crucial part of photosynthesis, which is the process by which plants produce food by converting light energy into chemical energy. The process by which chlorophyll absorbs solar radiation and converts it to glucose gives plants the energy they need to expand and flourish. Aside from its essential function in photosynthesis, chlorophyll extract has become more well-known in the wellness and health sectors because of its significant health advantages. It is believed to have antioxidant qualities that help the body eliminate dangerous free radicals and lessen oxidative stress. Furthermore, the potential of chlorophyll extract as a natural detoxifying agent has been found; it supports liver function and aids in the body’s removal of pollutants.
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Chlorophyll Extract Market Segmentation
By Application
- Food Additive
- Cosmetics
- Dietary Supplement
Regional Scope
- North America
- Europe
- APAC
- South America
- Middle East
- Africa
Key Players
- Sigma Aldrich
- Fengming Chlorophyll Co., LTD
- Mane Kancor
- Sensient Colors
- Pioneer Herbals
- British Chlorophyll
Growth Driver
The growing number of health-conscious customers is expected to fuel the segment’s expansion as herbal extract’s popularity grows worldwide and gains momentum in developed nations like Europe and North America. Chlorophyll extract has uses beyond health; it is also utilized in cosmetic goods. A natural remedy for bettering skin and hair is found in creams or ointments containing chlorophyll. Furthermore, as these are useful as food colorants and are used in the food coloring market, the growing demand for plant-based ingredients like cucumber, spinach, avocado, broccoli, snow pea, lettuce, kiwi, and others that contain nutrients like calcium, folate, lutein, zeaxanthin, vitamin C, and others is likely to drive the market growth. Furthermore, the market for chlorophyll extract is expected to profit from increased demand for these products worldwide. This extract helps reduce weight and indigestion, enhances liver cleansing, accelerates the healing process, and further improves skin quality in addition to being used as a natural herpes therapy.
Regional Trend
The markets for chlorophyll extract are divided into many regions, including Europe, the Middle East & Africa, Asia-Pacific, Latin America, and North America. Europe has one of the largest marketplaces for food and drink, cosmetics, and personal hygiene items in the world because of its consumers’ high purchasing power and openness to experimenting with cutting-edge goods. It is anticipated that the robust manufacturing unit presence of food items and personal care brands throughout Europe would propel the European chlorophyll extract market by increasing demand for the substance. But over the past two years, Brexit (Britain Exit) has restricted the expansion of the regional chlorophyll extract industry by introducing several adjustments to international tax rates and trade rules.
A significant portion of the European chlorophyll extract market is contributed by the packaged food material sectors. Europe’s consumer trend is moving toward modernity; consumers are requesting food, cosmetics, and personal hygiene goods that are technologically sophisticated. Chlorophyll extract is being used extensively in technologically sophisticated consumer items as an antiseptic and anti-inflammatory, which is fueling the expansion of the chlorophyll extract market in Europe.
The Middle East’s high per capita expenditure and significant imports from Europe, North America, and Asia Pacific make it a contemporary technology-driven market. The Middle East’s ethical views have been gradually eroding since the early 21st century. This has led to an increase in the demand for sophisticated cosmetics, personal care goods, food and drink, and beauty items, which has driven the market for chlorophyll extract in the region. The Middle East market is seeing a surge in demand for chlorophyll extract due to the flourishing food and beverage industry as well as the rapidly expanding personal care sector.
Due to the region’s extremely low knowledge of food and beverage, personal care, and cosmetic goods infused with chlorophyll extract, Africa holds the smallest proportion of the worldwide market for chlorophyll extract. Furthermore, Africa has challenges related to inadequate economic expansion, a remarkably low per capita income, and inadequate healthcare facilities. As a result, there is little use of cosmetics containing chlorophyll extract in the area. Moreover, several significant obstacles are impeding the growth of the African chlorophyll extract market, including a poor GDP growth rate, a low uptake of packaged food products infused with chlorophyll extract, low awareness, and several other issues.
Market Opportunity
In response to the growing demand for natural food colorants, the market for chlorophyll extract offers a potential prospect. The food sector is seeing a movement toward employing natural alternatives as customers become more aware of the potential health dangers linked with synthetic food colorants and chemicals. Food makers looking for safe and natural substitutes for synthetic colorants may find that chlorophyll extract, with its vibrant green color sourced from plants, is a preferable choice. A variety of dairy products and food items, such as drinks, baked goods, and confections, can have their visual appeal improved by adding chlorophyll extract. Because of its natural nature, it fits nicely with the clean label movement, which promotes the use of components that are immediately recognizable and only slightly processed. Because of its antioxidant qualities, chlorophyll extract adds a visually pleasing green color to food compositions while simultaneously providing significant health advantages.
Scope of the Report
This study provides estimates and data for the Chlorophyll Extract Market for the past, present, and future. An extensive research approach was used to establish the market estimations that are included in the study. Multiple research channels are used in the accepted research approach, including primary, secondary, and subject-related expert input. The Seasonal Affective Disorder Market is estimated by taking into account the impact of many economic, social, and political aspects in addition to the present market dynamics. The market data is also defined by different laws, government expenditures, and the expansion of research and development. The market projections take into account both favorable and unfavorable changes in the market.
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