Citrus Extract Market – Global Industry Analysis Size Share Growth Trends and Forecast 2018 – 2028

Market Outlook

The citrus extract is a strongly flavored extract from various citrus fruits such as orange, lime, lemon, grapes and more. The citrus extract usually imparts aroma and flavor, so is widely used in bakery, sausages, seasonings, dairy products, confectionary, tea, smoothies, shakes and various other products in food and beverage industry. Citrus extract acts as a natural flavoring agent which is used in the production of candies, cakes and pastry, chocolates, drink mix and alcoholic beverages. The citrus extract is also used for manufacturing skin care and hair care products in the production of lotion, creams, face wash, face packs, shampoo and conditioners. The citrus extract is also a potential ingredient in the pharmaceutical industry as it has various health benefits. The demand for citrus extract is high because of its applications in food and beverages, pharmaceuticals and personal care products, so the market for citrus extract is expected to remain positive over the forecast period. 

Rising Demand for Citrus Extract  

Consumers are demanding sustainable, eco-friendly, natural and organic products so manufacturers are compelled to cater to these products. The demand for citrus extract is high due to its multi-benefits. It boosts immunity, serves as a detoxifier, treats constipation and helps in maintaining healthy skin. It also helps in maintaining good health as a result of its properties as antidepressants, antiseptic, anti-inflammatory, sedative, carminative and other. It also helps in lowering cholesterol, support healthy glucose metabolism, beneficial for diabetic patients. Research studies strongly promote the use of citrus extracts and their products for weight loss. With an increase in knowledge and awareness, the trend for clean labels has widely spread globally which has also increased in a number of health conscious customers.

Citrus Extract Market Segmentation

On the basis of nature, the citrus extract market has been segmented as- Organic Conventional

On the basis of form, the citrus extract market has been segmented as- Powder Liquid

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On the basis of source, the citrus extract market has been segmented as- Orange Lemon Lime Grapefruit

On the basis of end user, the citrus extract market has been segmented as- Pharmaceuticals Dietary supplements Food Industry Personal Care

On the basis of distribution channel, the citrus extract market has been segmented as- B2B B2C Hypermarket / Supermarket Drug store Specialty store Online store

Citrus Extract Market: Key Players

The key players operating in citrus extract market are 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., RUNHERB INC, Orgenetics Inc., S.A. Herbal Bioactives LLP, Active Concepts LLC, Double Wood LLC., Merck KGaA, IRIMAR S.L., NOW foods Inc., Phyto Life Sciences P. Ltd.

Citrus Extract Market Opportunities

There is a wide range of advantages of citrus extract but the absence of customer awareness about its benefits is hindering the development of the citrus extract market. Consumer awareness and educational marketing are important for the citrus extract market to grow. Accurate labeling of end-use products by respective manufacturers could be more instructional and helpful in increasing the response for the citrus extract market. This will encourage the makers to extend their purchaser base, boosting the development of the citrus extract market.

Citrus Extract Market: Regional Outlook

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The citrus extract market is rising in North America and Europe as there is a rise in confectionery and bakery products. Africa and South Asia regions are high in the production of citrus fruits, the manufacturers are deliberately expanding their products portfolio. The easy availability of the resource in these regions is boosting the growth of the citrus extract market. With the rising demand for citrus extract due to its multi-benefits, the market is expected to grow globally over the forecast period.  

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the citrus extract market, including but not limited to: regional markets, nature, form, end us, and distribution channel.

The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis                                                  

The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)

The citrus extract market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the citrus extract market report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates are included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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