Citrus Extract Market
Global Citrus Extract Market Size, Share & Trends Analysis Report by Product (Orange, Lime, Lemon, Grapefruit, and Others), by Form (Powder, Liquid), and by Application (Food & beverages, Pharmaceuticals, Dietary supplements, Personal Care, and Others) Forecast (2022-2028)
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.
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.
Impact of COVID-19 Pandemic on Global Citrus Extract Market
A shutdown of various manufacturing plants has affected the global supply chains and negatively impacted the manufacturing and sale of the citrus extract market. The market experienced a delay in product deliveries and fluctuation in prices during the COVID-19 pandemic. However, the fast-paced recovery of developing economies in coming years will lead to increased disposable income and will support the citrus extract market demand.
Segmental Outlook
The global citrus extract market is segmented based on product, form, and application. Based on the product, the market is segmented into orange, lime, lemon, grapefruit, and others. Based on the form, the market is sub-segmented into powder and liquid. Based on the application the market is sub-segment into food & beverages, pharmaceuticals, dietary supplements, personal care, and others. The above-mentioned segments can be customized as per the requirements.
Global Citrus Extract Market Share by Application, 2021 (%)
The Food & Beverages Segment is Anticipated to Hold a Prominent Share in the Global Citrus Extract Market
Rise in utilization of citrus extract in food & beverages industry as an essential ingredient is gaining bolstering the segmental growth globally. It is a strong-flavored extract commonly used in bread, sausages, smoothies, shakes, dairy goods, seasonings, confectionery, tea, and other food and beverage products as a flavoring agent. The changing health and taste preferences of consumers have significantly boosted the product consumption in the form of extracts mixed in the food and beverage industry for carbonated soft drinks, fruit beverages, functional beverages, and sports beverages among other applications. Furthermore, functional drinks and sports drink markets are increasingly gaining popularity among people with increased health concerns. Apart from being used in nutritional food and beverages, citrus extract is also used in the formation of candies, cakes and pastries, chocolates, drink mixes, and alcoholic beverages as a natural flavoring agent. Thus, such wide application of citrus extract in the food & beverage industry is the major factor which is driving the growth. For instance, in 2019, Coca-Cola Japan launched its only alcoholic product Lemon-Do nationwide. Lemon-Do is a chuhai beverage, a form of alcoholic cocktail originated in Japan, made with carbonated water and the Japanese liquor shochu and is flavored with lemon.
Regional Outlooks
The global citrus extract market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement.
Global Citrus Extract Market Growth, by Region 2022-2028
Asia-Pacific region is Anticipated to Hold the Prominent Share in the Global Citrus Extract Market
Asia-pacific is anticipated to hold a prominent market share of the global citrus extract market owing to several product launches by major key players and high consumption of the product amongst individuals within this region. For instance, in 2019, Citromax Ingredients (Shanghai) Co. Ltd. expanded its global reach to China and the Southeast Asian markets. The company aims to cater the rising demand across the markets with offerings including the core Citromax product line of citrus oils and blends, beverage bases, lemon juice, lemon peel, lemon pulp, and flavorings, among others.
Market Players Outlook
The major companies serving the global citrus extract market include BONTOUX SAS, Citromax Flavors, Inc., Citrus and Allied Essences Ltd., Citrus Systems Inc., Kerry Group plc, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in 2021, Ingredients by Nature (IBN) acquired the Sytrinol brand, expanding its citrus ingredient portfolio. IBN is a commonly recognized expert in citrus ingredients, consider the acquisition of Sytrinol is a great fit into its existing portfolio.
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.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Citrus Extract Market
• Recovery Scenario of Global Citrus Extract Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. BONTOUX SAS
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Citromax Flavors, Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Citrus and Allied Essences Ltd.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Citrus Systems Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Kerry Group plc
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Citrus Extract Market by Product
4.1.1. Orange
4.1.2. Lime
4.1.3. Lemon
4.1.4. Grapefruit
4.1.5. Others
4.2. Global Citrus Extract Market by Form
4.2.1. Powder
4.2.2. Liquid
4.3. Global Citrus Extract Market by Application
4.3.1. Food & beverages
4.3.2. Pharmaceuticals
4.3.3. Dietary supplements
4.3.4. Personal Care
4.3.5. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Active Concepts, LLC
6.2. Cifal herbal Private Ltd.
6.3. IMG Citrus
6.4. Interstate Commodities Corp.
6.5. Lionel Hitchen Ltd.
6.6. McCormick & Company, Inc.
6.7. Nielsen Citrus Products Company, Inc.
6.8. Nielsen-Massey Vanillas, Inc.
6.9. OliveNation, LLC
6.10. Orgenetics, Inc.
6.11. Sauer Brands, Inc. (Spice Hunter)
6.12. Southern Flavoring Company, Inc.
6.13. SpecialChem S.A.
6.14. Symrise Group
6.15. The Lebermuth Co., Inc.
6.16. Ultra International B.V.
6.17. Vincent Corporation
6.18. Young Living Essential Oils Australasia PTY LTD.
1. GLOBAL CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
2. GLOBAL ORANGE EXTRACT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL LIME EXTRACT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL LEMON EXTRACT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL GRAPEFRUIT EXTRACT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL OTHERS EXTRACT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY FORM, 2021-2028 ($ MILLION)
8. GLOBAL POWDER CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL LIQUID CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
11. GLOBAL CITRUS EXTRACT IN FOOD & BEVERAGES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL CITRUS EXTRACT IN PHARMACEUTICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL CITRUS EXTRACT IN DIETARY SUPPLEMENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL CITRUS EXTRACT IN PERSONAL CARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL CITRUS EXTRACT IN OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
17. NORTH AMERICAN CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. NORTH AMERICAN CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
19. NORTH AMERICAN CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY FORM, 2021-2028 ($ MILLION)
20. NORTH AMERICAN CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
21. EUROPEAN CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. EUROPEAN CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
23. EUROPEAN CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY FORM, 2021-2028 ($ MILLION)
24. EUROPEAN CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY FORM, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
29. REST OF THE WORLD CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
30. REST OF THE WORLD CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
31. REST OF THE WORLD CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY FORM, 2021-2028 ($ MILLION)
32. REST OF THE WORLD CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL CITRUS EXTRACT MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL CITRUS EXTRACT MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL CITRUS EXTRACT MARKET, 2022-2028 (%)
4. GLOBAL CITRUS EXTRACT MARKET SHARE BY PRODUCT, 2021VS 2028(%)
5. GLOBAL ORANGE MARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
6. GLOBAL LIME EXTRACTMARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
7. GLOBAL LEMON EXTRACT MARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
8. GLOBAL GRAPEFRUIT EXTRACT MARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
9. GLOBAL OTHERS EXTRACT MARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
10. GLOBAL CITRUS EXTRACT MARKET SHARE BY FORM, 2021VS 2028(%)
11. GLOBAL POWDER CITRUS EXTRACT MARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
12. GLOBAL LIQUID CITRUS EXTRACT MARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
13. GLOBAL CITRUS EXTRACT MARKET SHARE BY APPLICATION, 2021VS 2028(%)
14. GLOBAL CITRUS EXTRACT IN FOOD & BEVERAGES MARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
15. GLOBAL CITRUS EXTRACT IN PHARMACEUTICALS MARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
16. GLOBAL CITRUS EXTRACT IN DIETARY SUPPLEMENTS MARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
17. GLOBAL CITRUS EXTRACT IN PERSONAL CARE MARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
18. GLOBAL CITRUS EXTRACT IN OTHERS MARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
19. GLOBAL CITRUS EXTRACT MARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
20. US CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
21. CANADA CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
22. UK CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
23. FRANCE CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
24. GERMANY CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
25. ITALY CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
26. SPAIN CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF EUROPE CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
28. INDIA CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
29. CHINA CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
30. JAPAN CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
31. SOUTH KOREA CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
32. REST OF ASIA-PACIFIC CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
33. REST OF THE WORLD CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
