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
Market Analysis and Insights : Global Citrus Extract Market
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.
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.
The major growing factor towards citrus extract market is the growing consumer inclination towards natural food ingredients due to their huge health benefits. The prime factor driving the demand for citrus extract is the various benefits proffered by citrus extracts such as boosting immunity, treating constipation and maintaining healthy skin. Furthermore, the increasing demand for natural extracts in food and beverage products with high nutritional value is also heightening the overall demand for citrus extract market over the forecast period of 2021 to 2028. Moreover, the consumers are demanding for sustainable, eco-friendly, natural and an organic product which also serves as a foremost driver for increasing the demand for citrus extract market at a global level. In addition, the high disposable income, increasing population as well as the various end users prefer for bio-based and natural ingredients over synthetic ingredients which are also lifting the growth of the citrus extract market.
However, the occurrence of natural calamities and climatic fluctuations during the cultivation of citrus fruits are projected to act as a restraint towards the growth of citrus extract market, whereas the lack of awareness regarding digitization have the potential to challenge the growth of the citrus extract market.
Moreover, the high demand for citrus extract because of its applications in food and beverages, pharmaceuticals and personal care products as well as growing demand for organic products and abundance of raw materials will further generate new opportunities for the citrus extract market in the forecast period of 2021 to 2028.
This citrus extract market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on citrus extract market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Citrus Extract Market Scope and Market Size
Citrus extract market is segmented on the basis of source, nature, form, distribution channel and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the citrus extract market has been segmented into orange, lemon, lime, grapefruit and others.
- On the basis of nature, the citrus extract market has been segmented into organic and conventional.
- Based on form, the citrus extract market has been segmented into powder and liquid.
- The distribution channel segment of the citrus extract has been segmented into B2B, B2C, hypermarket or supermarket, drug store, specialty store and online store.
- On the basis of application, the citrus extract market has been segmented into carbonated soft drinks (CSDS), fruit beverages, bottled water, functional beverages, sports drinks and others.
Citrus Extract Market Country Level Analysis
Citrus extract market is analyses and market size, volume information is provided by country, source, nature, form, distribution channel and application as referenced above.
The countries covered in the citrus extract market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America leads the citrus extract market because of the growing consumer awareness regarding health and nutrition along with the attentiveness of various end users in this particular region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to the rising number of citrus trees and high consumption of the product amongst individuals within this region.
The country section of the citrus extract market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Citrus Extract Market Share Analysis
Citrus extract market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to citrus extract market.
The major players covered in the citrus extract report are CITROMAX, McCormick & Company, Inc., LIONEL HITCHEN, Southern Flavoring Company, Inc., Nielsen-Massey Vanillas, Inc., Döhler GmbH, Watkins Inc, THE SPICE HUNTER, INC., Kerry Inc., OliveNation, Ultra International B.V., Lebermuth, Inc., Symrise, Apara International, Cifalherbal, Active Concepts LLC, Citrus and Allied Essences Ltd., S.A. Herbal Bioactives LLP, Orgenetics, Inc., and THE VINCENT CORPORATION among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provide competitive analysis for each competitor separately.
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