"Global Citrus Extract Market – Industry Trends and Forecast to 2028
Global Citrus Extract Market, By Source (Orange, Lemon, Lime, Grapefruit, Others) Nature (Organic, Conventional), Form (Powder, Liquid) Distribution Channel (B2B, B2C, Hypermarket or Supermarket, Drug Store, Specialty Store, Online Store), Application (Carbonated Soft Drinks (CSDs), Fruit Beverages, Bottled Water, Functional Beverages, Sports Drinks, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Citrus extract market size is valued at USD 8.24 billion by 2028 and is expected to grow at a compound annual rate of 4.50% in the forecast period 2021 to 2028. The rapid shift towards healthy lifestyle supported by rising awareness regarding health and nutrition is the factor for the citrus extract market in the forecast period of 2021 to 2028.
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Citrus extract is a strong flavored extract from a variety of citrus fruits such as lemon, orange, lime, grapes and more. The citrus extract generally imparts aroma and flavor and is generally used in bakery, dairy products, sausages, seasonings, confectionary, tea, smoothies, shakes and several other products in food and beverage industry.
**Segments**
- **Type:** The citrus extract market can be segmented based on type into orange extract, lemon extract, lime extract, grapefruit extract, and others. Each type offers unique flavor profiles and aromatic properties, making them suitable for various applications in the food and beverage industry.
- **Form:** Citrus extracts are available in different forms such as liquid, powder, and oil. Liquid extracts are commonly used in beverages, while powdered forms are popular in the nutraceutical industry for their ease of storage and transportation.
- **Application:** The market can also be segmented by application, including food and beverages, pharmaceuticals, cosmetics, and household products. Citrus extracts are widely utilized in the food industry for flavoring and preserving, while their natural antioxidant properties make them desirable in pharmaceuticals and cosmetics.
**Market Players**
- **Diana Group:** This company offers a wide range of citrus extracts for the food and beverage industry, known for their high quality and natural ingredients.
- **Symrise AG:** Symrise is a key player in the citrus extract market, providing innovative solutions for flavor and fragrance applications globally.
- **Doehler Group:** Specializing in natural ingredients, Doehler Group offers a variety of citrus extracts for enhancing taste and aroma in food and beverages.
- **Archer Daniels Midland Company:** ADM is a leading player in the market, supplying citrus extracts for use in food, beverage, and personal care products.
- **Kerry Group:** Kerry Group is known for its comprehensive portfolio of citrus extracts, catering to the diverse needs of the food and beverage industry.
The global citrus extract market is witnessing steady growth, driven by the increasing demand for natural flavors and ingredients in various industries. With consumers becoming more health-conscious and seeking clean-label products, citrus extracts have gained popularity for their refreshing taste and beneficial properties. Key market players are focusing on expanding their product portfolios and investing in research and development to meet the evolving needs of customers. The marketThe global citrus extract market is a dynamic and rapidly evolving sector driven by several key factors. One of the primary drivers of growth in this market is the increasing consumer demand for natural and clean-label products across various industries. As health-conscious consumers increasingly seek out products with recognizable ingredients, citrus extracts have emerged as a popular choice due to their natural origins and perceived health benefits. The versatility of citrus extracts, with their wide range of flavors and aromas, makes them a valuable ingredient for manufacturers looking to enhance the sensory appeal of their products.
In the food and beverage industry, citrus extracts are widely used for flavoring and preserving a variety of products, including juices, confectionery, dairy, and alcoholic beverages. The natural antioxidant properties of citrus extracts also make them a desirable ingredient for food preservation and extending the shelf life of perishable goods. Additionally, the rising popularity of functional foods and beverages enriched with natural ingredients is driving the demand for citrus extracts in this industry.
Furthermore, citrus extracts find applications in the pharmaceutical and cosmetic industries due to their potential health benefits and aromatic properties. Citrus extracts are rich in bioactive compounds such as flavonoids and vitamin C, which have antioxidant and anti-inflammatory properties. In cosmetics, citrus extracts are used in skincare products for their brightening and rejuvenating effects, appealing to consumers looking for natural and effective skincare solutions.
The competitive landscape of the citrus extract market is characterized by the presence of key players such as Diana Group, Symrise AG, Doehler Group, Archer Daniels Midland Company, and Kerry Group. These companies are actively engaged in research and development efforts to enhance their product offerings and meet the evolving demands of consumers. Innovation in extraction technologies, sustainable sourcing practices, and product differentiation are some of the strategies adopted by market players to maintain their competitive edge in the global market.
Moving forward, the citrus extract market is poised for continued growth and innovation as consumer preferences shift towards natural, flavorful, and health-enhancing products. Market players will need to stay abreast**Global Citrus Extract Market Analysis:**
- **Global Citrus Extract Market, By Source:** The global citrus extract market can be segmented by source into orange, lemon, lime, grapefruit, and others. Orange extract holds a significant share in the market due to its versatility and widespread usage in various food and beverage applications. Lemon and lime extracts are also popular for their tangy flavors and aromatic properties, contributing to the growth of the market.
- **Nature:** The market can further be classified based on nature into organic and conventional citrus extracts. With the increasing consumer preference for organic and clean-label products, the demand for organic citrus extracts is on the rise. Manufacturers are focusing on offering organic variants to cater to the shifting consumer trends towards natural and sustainable ingredients.
- **Form:** Citrus extracts are available in different forms such as powder and liquid. Powdered citrus extracts are preferred for their longer shelf life and ease of storage, making them ideal for use in various food and beverage products. Liquid citrus extracts are commonly used in beverages for their instant flavor-enhancing properties.
- **Distribution Channel:** The distribution channels for citrus extracts include B2B (Business-to-Business), B2C (Business-to-Consumer), hypermarkets or supermarkets, drug stores, specialty stores, and online stores. The growing e-commerce sector has facilitated the easy availability of citrus extracts to consumers, driving the market growth through online retail channels.
- **Application:** Citrus extracts find applications in a wide range of products
Key points covered in the report: -
- The pivotal aspect considered in the global Citrus Extract Market report consists of the major competitors functioning in the global market.
- The report includes profiles of companies with prominent positions in the global market.
- The sales, corporate strategies and technical capabilities of key manufacturers are also mentioned in the report.
- The driving factors for the growth of the global Citrus Extract Market are thoroughly explained along with in-depth descriptions of the industry end users.
- The report also elucidates important application segments of the global market to readers/users.
- This report performs a SWOT analysis of the market. In the final section, the report recalls the sentiments and perspectives of industry-prepared and trained experts.
- The experts also evaluate the export/import policies that might propel the growth of the Global Citrus Extract Market.
- The Global Citrus Extract Market report provides valuable information for policymakers, investors, stakeholders, service providers, producers, suppliers, and organizations operating in the industry and looking to purchase this research document.
Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Citrus Extract Market Landscape
Part 04: Global Citrus Extract Market Sizing
Part 05: Global Citrus Extract Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Reasons to Buy:
- Review the scope of the Citrus Extract Market with recent trends and SWOT analysis.
- Outline of market dynamics coupled with market growth effects in coming years.
- Citrus Extract Market segmentation analysis includes qualitative and quantitative research, including the impact of economic and non-economic aspects.
- Regional and country level analysis combining Citrus Extract Market and supply forces that are affecting the growth of the market.
- Market value data (millions of US dollars) and volume (millions of units) for each segment and sub-segment.
- and strategies adopted by the players in the last five years.
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