The dark green pigment found in plants and algae is referred to as chlorophyll and is what gives plants their color, the chlorophyll extract is slowly gaining the popularity of super food because of its strong antioxidant and anticancer properties.
Future Market Insights' research indicates that the Chlorophyll Extract Market would grow at a CAGR of 3.4% during the forecasted period. The expected value of the sector would rise from US$ 260.2 million in 2023 to US$ 363.6 million in 2033. By the end of 2022, the Chlorophyll Extract Market was worth US$252.9 Mn.
Chlorophyll is the dark green pigment that gives plants and algae their colour. Because of its potent antioxidant and anticancer qualities, chlorophyll extract is steadily becoming more and more popular as a super food. The chlorophyll extract is a concentrated type of chlorophyll that is obtained from organic plant sources like alfalfa, spinach, and other green leafy vegetables. Chlorophyll consumption is linked to the majority of advantages. Chlorophyll supports the maintenance of healthy blood cells and further enhances the effectiveness of oxygen transport when ingested diluted with water. According to certain clinical studies, chlorophyll extract is also a potent antioxidant and can help prevent some cancers. It also has antibacterial and anti-inflammatory properties, and it aids in regulating blood pressure.
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Chlorophyll Extract Market Segmentation:
Chlorophyll extract is segmented on the basis of application and form. On the basis of application it is segmented as food additive, cosmetics and dietary supplement. The dietary supplements of chlorophyll extract are widely due to various health benefits associated with its use such as stimulating the immune system, detoxifying of blood and intestines, and cancer prevention. As a food additive chlorophyll extract is used as a natural food colorant, it is also used as a beverage ingredient for certain health drinks. The cosmetic use of this extract include soothing gel, as a moisturizer for soothing the skin, anti-acne and used in ointments due to its potent antioxidant effect. Chlorophyll extract is further segmented on the basis of form as powder, liquid and tablets.
Chlorophyll Extract Market Regional Outlook:
This extract has lately started gaining popularity and it is consumed in North American and European countries as a health drink, Shine Potions Bottled health beverage containing liquid chlorophyll created by the Shine Restaurant is gathering attention from consumers in the U.S. Similar use of chlorophyll as ingredient by Grateful Juice Co. (U.S.) in their line of health juices.
The chlorophyll derived from parsley has been used in traditional Chinese and Indian culture as a remedy for bad breath. The trend in use of chlorophyll extract as a traditional medicine is expected to continue to grow due to a wide population’s belief in traditional/alternate medicine.
Chlorophyll Extract Market Drivers and Trends
The acceptance of herbal extracts is gaining significant traction in developed countries such as North America and Western Europe attributed to its popularity as safe to use product and used in various weight-loss formulations, coupled with an increase in number of health conscious consumers is driving the herbal extract market and in turn fueling growth of chlorophyll extract.
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The use of chlorophyll extract is not just limited to its health benefits, it also used in cosmetic preparations, chlorophyll containing ointment or cream are now available in the market which is claimed to be a natural treatment for herpes by helping reduce the number of sores and further helps in decreasing the time taken for healing process.
A trend of high research in natural products based drug development, the present recent research trends show a clear indication for natural products to thrive as an important source of new drugs and raw materials for development of drugs and cosmetics in the future.
Chlorophyll Extract Market Key Players:
With the increasing consumer demand for natural colors, more and more manufactures are emerging in the global chlorophyll extract market and some of the key players participating in the global chlorophyll extract market includes; British Chlorophyll Ltd., Global Essence, Inc., Kancor Ingredients Ltd., Merck Group (Sigma-Aldrich Co. LLC), Sensient Colors LLC.
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Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA.
Feb 03, 2023
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