The global citrus extract market is anticipated to grow at a significant CAGR of 5.0% during the forecast period. The growth of the citrus extract market is mainly due to the increasing awareness about immense health benefits among the population. Most of the consumers are inclined towards natural food ingredients such as citrus extracts owing to their immense health benefits. Health benefits which include boosting the immune system, detoxification, and maintaining healthy skin. The citrus extract is known to boost immunity, treats constipation, serves as a detoxifier, and aids in boosting the immune system and regulating blood sugar level in diabetic patients. Citrus extracts are also popularly used for personal care benefits such as assisting in weight management, skincare, and haircare. These aspects including the multi-benefits of citrus extracts are expected to motivate the global demand for the citrus extract market.
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Moreover, owing to the growing demand manufacturers are focusing on promoting products and labeling them as products derived from natural ingredients due to the clean label trend. For instance, in 2022, Flavorchem launched of a new collection of citrus flavors. Through this launch, the company intended to propel the use of natural ingredients in developing immune health products. The Citrus Vacation collection features six flavors: Fresh Calamansi Lime, Fruity Kumquat, Juicy Blood Orange, Sweet Tangerine, Yuzu Citrus, and Zesty Key Lime. The flavors are vegan, kosher, and non-GM, and can be labeled as natural.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Citrus Extract Market by Product
- Orange
- Lime
- Lemon
- Grapefruit
- Others
Global Citrus Extract Market by Form
- Powder
- Liquid
Global Citrus Extract Market by Application
- Food & beverages
- Pharmaceuticals
- Dietary supplements
- Personal Care
- Others
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Active Concepts, LLC
- Cifal herbal Private Ltd.
- IMG Citrus
- Interstate Commodities Corp.
- Lionel Hitchen Ltd.
- McCormick & Company, Inc.
- Nielsen Citrus Products Company, Inc.
- Nielsen-Massey Vanillas, Inc.
- OliveNation, LLC
- Orgenetics, Inc.
- Sauer Brands, Inc. (Spice Hunter)
- Southern Flavoring Company, Inc.
- SpecialChem S.A.
- Symrise Group
- The Lebermuth Co., Inc.
- Ultra International B.V.
- Vincent Corporation
- Young Living Essential Oils Australasia PTY LTD.
The Report Covers
- Market value data analysis of 2021and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global citrus extract market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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