Global Citrus Extract Market

According to Maximize Market Research, the Global Citrus Extract Market is expected to grow at a moderate growth rate and reach a significant market value by the end of the forecast period. The Global Citrus Extract market has been witnessing steady growth during the 2019-2026 period. It is anticipated to grow at a CAGR of 4.32% throughout the period of assessment to reflect a market value of US$ XX Bn by 2026 from a value of US$ XX Bn in 2019.

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.

Global Citrus Extract Market

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Global Citrus Extract Market Overview:

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. 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.
Global 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 in 2020, the growth of the citrus fruit extracts like lemon to boost immunity and health.
Global Citrus Extract Market 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 2019, 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 2019, 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.
Global Citrus Extract Market Regional Analysis:

In terms of revenue, North America was the largest regional market for citrus extracts in 2019, 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.
Global Citrus Extract Market Scope: Inquire before buying

Global Citrus Extract Market 3
Global Citrus Extract Market, by Region

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Citrus Extract Market Key Players

• 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.
• Orgenetics Inc.
• S.A. Herbal Bioactives LLP
• Active Concepts LLC
• Double Wood LLC
• Merck KGaA
• NOW foods Inc.
• Phyto Life Sciences P. Ltd.

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