Citrus Extract Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Citrus Extract Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report Format: PDF+Excel | Report ID: SR112023A3505
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Market Overview 2022-2027:

The global citrus extract market is expected to exhibit a CAGR of 4.27% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

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.

 

 
 

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Citrus Extract Market Trends:

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.

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 at the global, regional and country level from 2022-2027. Our report has categorized the market based on product and application.

Breakup by Product:

 

 
 

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  • Orange
  • Lime
  • Lemon
  • Grapefruit
  • Others
     

Breakup by Application:

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

Breakup by Region:

 

 
 

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  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

We expect the global citrus extract market to exhibit a CAGR of 4.27% during 2022-2027.

The rising demand for organic and natural extracts across the F&B industry, along with the increasing adoption of citrus extracts to enhance the flavor of numerous fruit beverages, sports drinks, functional beverages, and carbonated soft drinks, is primarily driving the global citrus extract market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of citrus extract-based drinks.

Based on the product, the global citrus extract market has been segregated into orange, lime, lemon, grapefruit, and others. Among these, orange currently holds the largest market share.

Based on the application, the global citrus extract market can be bifurcated into Carbonated Soft Drinks (CSDs), fruit beverages, bottled water, functional beverages, sports drinks, and others. Currently, Carbonated Soft Drinks (CSDs) exhibit a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global citrus extract market include 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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Citrus Extract Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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