Global Citrus Extract Market is expected to reach US$ 8.46 Bn. by 2029, at a CAGR of 4.22% during the forecast period.Citrus Extract Market Overview:
The Global Citrus Extract Market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The Global Citrus Extract Market report also provides trends by market segments, technology, and investment with a competitive landscape.To know about the Research Methodology :- Request Free Sample Report The Citrus extract is a strong-flavoured extract made from citrus fruits such oranges, limes, lemons, grapes, and other citrus fruits. Citrus extract is commonly used in bread, sausages, seasonings, dairy goods, confectionary, tea, smoothies, shakes, and other food and beverage products because it gives aroma and flavour. Citrus extract is used in the creation of candies, cakes and pastries, chocolates, drink mixes, and alcoholic beverages as a natural flavouring agent. The citrus extract is also utilised in the development of skin and hair care products like lotions, creams, face washes, face packs, shampoos, and conditioners. The Citrus extract is also a potent medicinal ingredient because of its numerous health advantages. Citrus extract is in high demand due to its uses in food and drinks, pharmaceuticals, and personal care items, hence the market for citrus extract is likely to grow during the forecast period.
Citrus Extract Market Dynamics:
Over the forecast period, the market is expected to rise due to the rising demand for natural extracts in food and beverage items with higher nutritional value. The abundance of raw materials available across geographies, together with their ease of access, is projected to boost market expansion in the near future. Citrus extract consumption is predicted to expand due to rising customer preference for natural food ingredients due to its numerous health benefits over the forecast period. Macro-economic factors such as rising disposable income, and supported the growth rate in annual revenues, and expenses of spas and salons in which the product is to be used in massage oils for relaxation, aromatherapy, relaxation, especially in the developing countries, such as China, India and Brazil, have led to a significant increase in the demand for the product, the Asia-Pacific, and Central and South American markets as well. Citrus extracts have become popular for their nutritional properties, and health and personal care products, such as weight control, strengthening of the immune system, skin and hair care, and because of their aroma and taste. These benefits are supported by demand for end-use products, such as pharmaceutical companies, air-conditioning, personal care products and cosmetics as well as food and beverages. In addition, it is expected that in the near future, it will be the consumer's preference of natural components, on a biological basis rather than a synthetic one. With the unprecedented COVID-19 outbreak, which has led to plant closures and production equipment and production shutdowns, it is expected that the production will be in 2020. Countries such as the United States of America, China, India, Italy, France, Germany, the United Kingdom, and Germany are some of the hardest hit by the pandemic. The trading stoppage, in all geographic regions, caused by disruptions to the supply chain in countries heavily dependent on imports, such as the gulf cooperation council countries. On the other hand, consumption is expected to drive the growth of the citrus fruit extracts like lemon to boost immunity and health.Segment Analysis:
On the basis of product, the market is segregated into Orange, Lemon, Grapefruit. The orange extract was the most profitable product segment in 2022, accounting for 53.5 percent of total revenue. It's a strong fruit flavour with a high level of alcohol concentration, which extends its shelf life. It's used to provide carbonated soft drinks, fruit beverages, bottled water, functional drinks, and sports drinks with a fresh, refreshing flavour and aroma. The beverage industry's expansion, backed by the variety of orange extract uses and nutritional benefits, is expected to drive segment growth in the near future. Due to its scent, flavour, and health characteristics, such as high vitamin C content, the segment is predicted to rise significantly throughout the projection period. In the coming years, lime and grapefruit extracts are likely to account for a large revenue share. Grapefruit extract is prepared from grapefruit pulp and seeds. It's known for its essential oil and antioxidant content, as well as a variety of health advantages, include stomach damage prevention, urinary tract infection therapy, and protection from harm caused by limited blood flow. On the basis of application, the market is segregated into Carbonated Soft Drinks (CSDs), Fruit Beverages, Bottled Water, Functional Beverages, Sports Drinks and Others. With a revenue share of 30.7 percent in the orange extract market in 2022, carbonated soft drinks emerged as the most important application sector. Citrus extracts are used in a variety of applications, including carbonated soft drinks (CSD), functional beverages, and sports drinks. Increased consumer health concerns, such as nutritional inadequacies and obesity, have aided the growth of the functional drinks and sports drinks markets. Furthermore, the company's expanding retail store network, which includes shops, convenience stores, and supermarkets, has improved its geographic penetration. Fruit beverage consumption is predicted to rise in the near future as more people choose a healthier lifestyle and developing countries become more westernised. Furthermore, ongoing flavour diversification and product launches by fruit beverage manufacturing behemoths like Tropicana are expected to boost product demand over the projection period. Citrus extracts in fruit beverages have become more popular as consumers desire healthier juice products with less sugar and true fruit extract ingredients. Another popular application of the items is bottled water, where natural citrus extracts usage is prompted by growing worries about the deleterious effects of traditional chemicals-based components on human health.Regional Analysis:
In terms of revenue, North America was the largest regional market for citrus extracts in 2022, with a market share of 33.1 percent. Consumer awareness of health and nutrition, as well as the concentration of end users such as AB InBev, Coca-Cola, PepsiCo, Inc., and Nestlé S.A., drive the market in North America. The increased use of natural ingredients in beverages is driving the European industry. Natural and bio-based beverage ingredients have acquired a lot of traction in Europe, which was one of the first to embrace the bioeconomy. According to the European Commission, the region's bioeconomy strongly encourages the use of bio-based ingredients in the industry. As a result, when compared to synthetic flavouring agents, citrus extracts as natural and bio-based flavours create enormous potential opportunities for Europe. According to the European Commission, the region's bioeconomy strongly encourages the use of bio-based ingredients in the industry. As a result, when compared to synthetic flavouring agents, citrus extracts as natural and bio-based flavours create enormous potential opportunities for Europe.Citrus Extract Market Scope: Inquire before buying
Global Citrus Extract Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US$ 6.33 Bn. Forecast Period 2023 to 2029 CAGR: 4.22% Market Size in 2029: US$ 8.46 Bn. Segments Covered: by Product Orange Lemon Grapefruit by Application Fruit Beverages Bottled Water Functional Beverages Sports Drinks Others Citrus Extract Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) North America (United States, Canada and Mexico) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Citrus Extract Market Key Players
1. Mountain Rose 2. The Lebermuth Co. Inc. 3. Young Living Essential Oils LC 4. Bontoux S.A.S. 5. Symrise AG 6. Citromax Flavors Inc 7. doTERRA International, LLC. 8. Citrus and Allied Essences Ltd. 9. Cifal Herbal Private Ltd 10. Ultra International B.V. 11. NFC Industry Co. Ltd. 12. Olive Nation LLC. 13. Vee Kay International 14. Vincent Corporation 15. Apara International 16. Nevada Pharma LLC 17. All thing Citrus 18. Argenti Lemon S.A 19. Kanegrade Ltd. 20. RUNHERB INC 21. Orgenetics Inc. 22. S.A. Herbal Bioactives LLP 23. Active Concepts LLC 24. Double Wood LLC 25. Merck KGaA 26. IRIMAR S.L. 27. NOW foods Inc. 28. Phyto Life Sciences P. Ltd. Frequently Asked Questions: 1. Which region has the largest share in Global Citrus Extract Market? Ans: North America region holds the highest share in 2022. 2. What is the growth rate of Global Citrus Extract Market? Ans: The Global market is growing at a CAGR of 4.22% during forecasting period 2023-2029. 3. What is scope of the Global Citrus Extract market report? Ans: Global market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Citrus Extract market? Ans: The important key players in the Global market are – Mountain Rose, The Lebermuth Co. Inc., Young Living Essential Oils LC, Bontoux S.A.S., Symrise AG, Citromax Flavors Inc, doTERRA International, LLC., Citrus and Allied Essences Ltd., Cifal Herbal Private Ltd, Ultra International B.V., NFC Industry Co. Ltd., Olive Nation LLC., Vee Kay International, Vincent Corporation, Apara International, Nevada Pharma LLC, All thing Citrus, Argenti Lemon S.A, Kanegrade Ltd., RUNHERB INC, Orgenetics Inc., S.A. Herbal Bioactives LLP, Active Concepts LLC, Double Wood LLC, Merck KGaA, IRIMAR S.L., NOW foods Inc., and Phyto Life Sciences P. Ltd. 5. What is the study period of this market? Ans: The Global market is studied from 2022 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Product s 2.3.2. Primary Research 2.3.2.1. Data from Primary Product s 2.3.2.2. Breakdown of Primary Product 3. Executive Summary: Citrus Extract Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2022 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Aviation Fuel Market 3.4. Geographical Snapshot of the Aviation Fuel Market, By Manufacturer share 4. Citrus Extract Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Product s 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Aviation Fuel Market 5. Supply Side and Demand Side Indicators 6. Citrus Extract Market Analysis and Forecast, 2022-2029 6.1. Citrus Extract Market Size & Y-o-Y Growth Analysis. 7. Citrus Extract Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 7.1.1. Orange 7.1.2. Lemon 7.1.3. Grapefruit 7.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.2.1. Carbonated Soft Drinks (CSDs) 7.2.2. Fruit Beverages 7.2.3. Bottled Water 7.2.4. Functional Beverages 7.2.5. Sports Drinks 7.2.6. Others 8. Citrus Extract Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. Asia Pacific Citrus Extract Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 9.1.1. Orange 9.1.2. Lemon 9.1.3. Grapefruit 9.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.2.1. Carbonated Soft Drinks (CSDs) 9.2.2. Fruit Beverages 9.2.3. Bottled Water 9.2.4. Functional Beverages 9.2.5. Sports Drinks 9.2.6. Others 10. North America Citrus Extract Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Citrus Extract Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12. Canada Citrus Extract Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13. Mexico Citrus Extract Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14. Europe Citrus Extract Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 15. Europe Citrus Extract Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K Citrus Extract Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17. France Citrus Extract Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18. Germany Citrus Extract Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19. Italy Citrus Extract Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20. Spain Citrus Extract Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21. Sweden Citrus Extract Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22. CIS Countries Citrus Extract Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23. Rest of Europe Citrus Extract Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Product, 2022-2029 24. Asia Pacific Citrus Extract Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 25. Asia Pacific Citrus Extract Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Citrus Extract Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27. India Citrus Extract Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28. Japan Citrus Extract Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29. South Korea Citrus Extract Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30. Australia Citrus Extract Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31. ASEAN Citrus Extract Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32. Rest of Asia Pacific Citrus Extract Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33. Middle East Africa Citrus Extract Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 34. Middle East Africa Citrus Extract Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Citrus Extract Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36. GCC Countries Citrus Extract Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37. Egypt Citrus Extract Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38. Nigeria Citrus Extract Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39. Rest of ME&A Citrus Extract Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40. South America Citrus Extract Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 41. South America Citrus Extract Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Citrus Extract Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43. Argentina Citrus Extract Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44. Rest of South America Citrus Extract Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Product, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Citrus Extract Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Fiber Product s and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Mountain Rose 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Development 45.3.2. The Lebermuth Co. Inc. 45.3.3. Young Living Essential Oils LC 45.3.4. Bontoux S.A.S. 45.3.5. Symrise AG 45.3.6. Citromax Flavors Inc 45.3.7. doTERRA International, LLC. 45.3.8. Citrus and Allied Essences Ltd. 45.3.9. Cifal Herbal Private Ltd 45.3.10. Ultra International B.V. 45.3.11. NFC Industry Co. Ltd. 45.3.12. Olive Nation LLC. 45.3.13. Vee Kay International 45.3.14. Vincent Corporation 45.3.15. Apara International 45.3.16. Nevada Pharma LLC 45.3.17. All thing Citrus 45.3.18. Argenti Lemon S.A 45.3.19. Kanegrade Ltd. 45.3.20. RUNHERB INC 45.3.21. Orgenetics Inc. 45.3.22. S.A. Herbal Bioactives LLP 45.3.23. Active Concepts LLC 45.3.24. Double Wood LLC 45.3.25. Merck KGaA 45.3.26. IRIMAR S.L. 45.3.27. NOW foods Inc. 45.3.28. Phyto Life Sciences P. Ltd.