The report of Global Orange Extract Market by Form (Powder and Liquid), Nature (Organic and Conventional), Applications (Food and Beverages, Personal Care, Pharmaceuticals and Cosmetics), Distribution Channel (Hypermarkets, Supermarkets, Business-To-Business, E-Commerce, Specialty Retail, and Others ), and Region (North America, Asia Pacific, South America, Middle East & Africa, and Europe) is expected to reach US$ 821 Mn by 2026, at a CAGR of XX % during a forecast period.
The orange extract market is equipped with orange peel oil along with a necessary amount of alcohol. It acts as a flavoring agent and is obtained by handling orange peels. These extracts are widely used in food and beverages, and personal care industries. The increasing demand for the orange extract developing regions as well as the latest technological innovations, and the increasing penetration of the end-use industries are all together driving the growth of the orange extract market.
The food and beverage segment is expected to grow at the highest XX% CAGR during the forecast period.
The food & beverage segment is growing population across the consumer awareness towards consumption of healthy food products are major features expected to enterprise growth of the market. The large quantity of obesity in the situation has a major effect on the food and beverage industry. There has been an increase in demand for healthy foods and a more informative nutritional category market during the forecast period.
North America is expected to be the leading region in the orange extract market during the forecast period.
The development of green buildings, rising energy efficiency codes, and building specifications are expected to drive the Orange Extract market growth in the North American region. Additionally, increasing focus on energy-efficient buildings, stringent requirements for insulation, and new building codes have generated awareness regarding thermal insulation in buildings in the region.
Key players operating the Global Orange Extract Market are Southern Flavoring Company, LorAnn Oils, McCormick & Company Inc, Nielsen-Massey Vanillas, Döhler GmbH, Cook Flavoring Company, Dongguan Meihe Biotechnology Co.Ltd, Elan Chemical Company Inc, Nature’s Sunshine Products Inc, Bakto Flavors LLC, Shaanxi Guanjie Bio-technology Co.Ltd, Lionel Hitchen USA Ltd, Bio Botanica Inc, and International Flavors & Fragrances Inc
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Orange Extract Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist . The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain positioning of competitors.
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