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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.
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:
Breakup by Application:
Breakup by Region:
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.
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