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Citrus Extract Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global citrus extract market grew at a CAGR of around 4% during 2015-2020. Citrus refers to a genus of flower trees and shrubs belonging to the rue family. These plants, including lemons, oranges, limes, grapes and pomelos, produce citrus fruits. Citrus extract is a robust flavored extract that can be derived from these fruits and is utilized in the preparation of numerous food items, such as baked goods, dairy products, confectionery, tea and sausages. Characterized by a rich flavor and aroma, it is also used as a flavoring agent in the production of various cakes, candies, pastries and chocolates. Apart from this, these extracts find extensive applications in the manufacturing of perfumes, pharmaceuticals, and haircare and personal care products.

The market is primarily driven by the increasing demand for organic and natural extracts from the food and beverages sector. Apart from being used in the production of various convenience foods, these extracts are widely employed to enhance the flavor of several fruit beverages, sports drinks, functional beverages and carbonated soft drinks. Supported by the inflating disposable incomes of the masses and their shifting dietary preferences, this is providing an impetus to the market growth. An increasing awareness regarding the numerous health benefits offered by these extracts, including boosting immunity and assisting in weight management, has led to their widespread adoption in the pharmaceutical sector for drug formulation. The market is further driven by the rising applications of these extracts in the formulation of numerous haircare and skincare products, which include creams, lotions, face wash, face packs, scrubs, shampoo, conditioners, and hair packs. Other factors, such as widespread utilization of these extracts for flavoring alcoholic beverages and their increasing usage as a cleaning agent for domestic applications, are also creating a positive outlook for the market.  Looking forward, IMARC Group expects the global citrus extract market to exhibit moderate growth during the next five years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global citrus extract market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, product and application.

Breakup by Product:

  • Orange
  • Lime
  • Lemon
  • Grapefruit
  • Others
     

Breakup by Application:

  • Carbonated Soft Drinks (CSDs)
  • Fruit Beverages
  • Bottled Water
  • Functional Beverages
  • Sports Drinks
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Bontoux, Citromax Flavors Inc, Citrus and Allied Essences Ltd., Doterra International LLC, Mountain Rose Inc., Symrise AG, The Lebermuth Co. Inc. and Young Living Essential Oils LLC.

Key Questions Answered in This Report:

  • How has the global citrus extract market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global citrus extract market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global citrus extract market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Citrus Extract Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product
    6.1    Orange
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Lime
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Lemon
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Grapefruit
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Others
        6.5.1 Market Trends
        6.5.2 Market Forecast
7    Market Breakup by Application
    7.1    Carbonated Soft Drinks (CSDs)
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Fruit Beverages
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Bottled Water
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Functional Beverages
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Sports Drinks
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8    Market Breakup by Region
    8.1    North America
        8.1.1 United States
           8.1.1.1 Market Trends
           8.1.1.2 Market Forecast
        8.1.2 Canada
           8.1.2.1 Market Trends
           8.1.2.2 Market Forecast
    8.2    Asia Pacific
        8.2.1 China
           8.2.1.1 Market Trends
           8.2.1.2 Market Forecast
        8.2.2 Japan
           8.2.2.1 Market Trends
           8.2.2.2 Market Forecast
        8.2.3   India
           8.2.3.1 Market Trends
           8.2.3.2 Market Forecast
        8.2.4 South Korea
           8.2.4.1 Market Trends
           8.2.4.2 Market Forecast
        8.2.5 Australia
           8.2.5.1 Market Trends
           8.2.5.2 Market Forecast
        8.2.6 Indonesia
           8.2.6.1 Market Trends
           8.2.6.2 Market Forecast
        8.2.7 Others
           8.2.7.1 Market Trends
           8.2.7.2 Market Forecast
    8.3    Europe
        8.3.1 Germany
           8.3.1.1 Market Trends
           8.3.1.2 Market Forecast
        8.3.2 France
           8.3.2.1 Market Trends
           8.3.2.2 Market Forecast
        8.3.3 United Kingdom
           8.3.3.1 Market Trends
           8.3.3.2 Market Forecast
        8.3.4 Italy
           8.3.4.1 Market Trends
           8.3.4.2 Market Forecast
        8.3.5 Spain
           8.3.5.1 Market Trends
           8.3.5.2 Market Forecast
        8.3.6 Russia
           8.3.6.1 Market Trends
           8.3.6.2 Market Forecast
        8.3.7 Others
           8.3.7.1 Market Trends
           8.3.7.2 Market Forecast
    8.4    Latin America
        8.4.1 Brazil
           8.4.1.1 Market Trends
           8.4.1.2 Market Forecast
        8.4.2 Mexico
           8.4.2.1 Market Trends
           8.4.2.2 Market Forecast
        8.4.3 Others
           8.4.3.1 Market Trends
           8.4.3.2 Market Forecast
    8.5    Middle East and Africa
        8.5.1 Market Trends
        8.5.2 Market Breakup by Country
        8.5.3 Market Forecast
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Value Chain Analysis
11    Porters Five Forces Analysis

    11.1    Overview
    11.2    Bargaining Power of Buyers
    11.3    Bargaining Power of Suppliers
    11.4    Degree of Competition
    11.5    Threat of New Entrants
    11.6    Threat of Substitutes
12    Price Analysis
13    Competitive Landscape

    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    Bontoux
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio
           13.3.1.3 Financials
        13.3.2    Citromax Flavors Inc
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
        13.3.3    Citrus and Allied Essences Ltd.
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio
        13.3.4    Doterra International LLC
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio
        13.3.5    Mountain Rose Inc.
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio
        13.3.6   Symrise AG
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio
           13.3.6.3 Financials
           13.3.6.4 SWOT Analysis
        13.3.7    The Lebermuth Co. Inc.
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio
        13.3.8    Young Living Essential Oils LLC
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio

List of Figures

Figure 1: Global: Citrus Extract Market: Major Drivers and Challenges
Figure 2: Global: Citrus Extract Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Citrus Extract Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Citrus Extract Market: Breakup by Product (in %), 2020
Figure 5: Global: Citrus Extract Market: Breakup by Application (in %), 2020
Figure 6: Global: Citrus Extract Market: Breakup by Region (in %), 2020
Figure 7: Global: Citrus Extract (Orange) Market: Sales Value (in Million US$), 2015 & 2020
Figure 8: Global: Citrus Extract (Orange) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Global: Citrus Extract (Lime) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Citrus Extract (Lime) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Citrus Extract (Lemon) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Citrus Extract (Lemon) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Citrus Extract (Grapefruit) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Citrus Extract (Grapefruit) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Citrus Extract (Other Products) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Citrus Extract (Other Products) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Citrus Extract (Carbonated Soft Drinks) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Citrus Extract (Carbonated Soft Drinks) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Citrus Extract (Fruit Beverages) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Citrus Extract (Fruit Beverages) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Citrus Extract (Bottled Water) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Citrus Extract (Bottled Water) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Citrus Extract (Functional Beverages) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Citrus Extract (Functional Beverages) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Citrus Extract (Sports Drinks) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Citrus Extract (Sports Drinks) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Citrus Extract (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Citrus Extract (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: North America: Citrus Extract Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: North America: Citrus Extract Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: United States: Citrus Extract Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: United States: Citrus Extract Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Canada: Citrus Extract Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Canada: Citrus Extract Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Asia Pacific: Citrus Extract Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Asia Pacific: Citrus Extract Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: China: Citrus Extract Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: China: Citrus Extract Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Japan: Citrus Extract Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Japan: Citrus Extract Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: India: Citrus Extract Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: India: Citrus Extract Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: South Korea: Citrus Extract Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: South Korea: Citrus Extract Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Australia: Citrus Extract Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Australia: Citrus Extract Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Indonesia: Citrus Extract Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Indonesia: Citrus Extract Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Others: Citrus Extract Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Others: Citrus Extract Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Europe: Citrus Extract Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Europe: Citrus Extract Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Germany: Citrus Extract Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Germany: Citrus Extract Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: France: Citrus Extract Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: France: Citrus Extract Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: United Kingdom: Citrus Extract Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: United Kingdom: Citrus Extract Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: Italy: Citrus Extract Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: Italy: Citrus Extract Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Spain: Citrus Extract Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Spain: Citrus Extract Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Russia: Citrus Extract Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Russia: Citrus Extract Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Others: Citrus Extract Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Others: Citrus Extract Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Latin America: Citrus Extract Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Latin America: Citrus Extract Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Brazil: Citrus Extract Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Brazil: Citrus Extract Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Mexico: Citrus Extract Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Mexico: Citrus Extract Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Others: Citrus Extract Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Others: Citrus Extract Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Middle East and Africa: Citrus Extract Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Middle East and Africa: Citrus Extract Market: Breakup by Country (in %), 2020
Figure 77: Middle East and Africa: Citrus Extract Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Global: Citrus Extract Industry: SWOT Analysis
Figure 79: Global: Citrus Extract Industry: Value Chain Analysis
Figure 80: Global: Citrus Extract Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Citrus Extract Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Citrus Extract Market Forecast: Breakup by Product (in Million US$), 2021-2026
Table 3: Global: Citrus Extract Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 4: Global: Citrus Extract Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 5: Global: Citrus Extract Market: Competitive Structure
Table 6: Global: Citrus Extract Market: Key Players

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