Citrus Concentrate Market By Source (Oranges, Lemons and Limes, Grapefruits, Tangerines, Others), By Nature (Conventional, Organic), By End Use (Food and Beverage Industry, Pharmaceuticals, Nutraceuticals, Others), By Form (Dry, Liquid): Global Opportunity Analysis and Industry Forecast, 2021-2031
The citrus concentrate market size was valued at $7,765 million in 2021, and is projected to reach $12,853 million by 2031, registering a CAGR of 5.3% from 2022 to 2031.
The citrus concentrate market is meant to provide a safe flavor choice in the production of juices, soft drinks, ice creams, syrups, and candy products. Citrus concentrate is processed, which means its water content is evaporated after extracting the real fruit juice like from orange and lemon and then dried up to make a powder. This powder form of juice is known as concentrate. Citrus concentrate also refers to the natural source of vitamins and minerals that are consumed by people to obtain vitamin A, B1, C, and A, potassium, and sulphur, which helps in strengthening the immune system and prevent mucosal infections. The citrus concentrates are a mixture of orange concentrate, grapefruit concentrate or lemon concentrate is also added to form citrus concentrate..
Manufacturers of alcoholic and non-alcoholic beverages, such as vodka and other soft drinks are using citrus concentrate in their products due to its high popularity of citrus concentrate among consumer along with their demand for unique flavor . This leads to inclination of alcohol and non-alcoholic beverages’ manufacturers towards the use of citrus concentrate for manufacturing premium beverages.. This is attributable to the increase in the consumption of refreshing juice, which can be made by mixing citrus concentrate with water. Also, citrus ingredients are most popular and recognized natural flavors among consumers and manufacturers.
To gain more profits, manufacturers in the citrus concentrate market strive to offer clean label and the natural citrus concentrate products and ingredients for a wide range of applications in the food and the beverage industry. Moreover, citrus concentrate offers several health benefits and are widely used in the pharmaceutical industry as well. Citrus concentrate is a safe flavor choice in the production of juice, ice creams, syrups, and others due to the global consumer acceptance, which ultimately leads manufacturers to prepare custom-made concentrates for the global food and beverage industry.
During the time of COVID-19 pandemic, the demand for citrus concentrate was high as citrus is an excellent source of vitamin C and thus provided consumer with higher immune strength. It also provides huge number of fibers, contains lower number of calories, and decreases the risk of kidney stones. The citrus concentrate has an easy to carry packing long shelf-life and is easy to store, which further attracts new consumer base and is the key driver to the global market.The market in Asia-Pacific region is dominating the growth of the citrus concentrate market due to the increase in popularity of citrus fruits.. Manufacturers of alcoholic and non-alcoholic beverages are increasing the consumption of citrus concentrate in their beverages owing to consumer demand for unique taste thus boosting the growth of the citrus concentrate market.
North America and Europe are having major demand for citrus concentrate due to the increasing awareness among consumers for the health benefits available through citrus concentrate beverages. Increased in intake of variety of food and drink products coupled with the increasing hectic lifestyle among the consumers increases the consumption of ready to drink products, which is making positive impact on the market.
However, the rising number of rules and regulations by the government related to the implementation of new protocols and measurements to maintain the quality of the product is a major factor that is impacting the growth of the market. Moreover, loss of perishable raw materials, especially while storage and transportation is likely to have a negative impact on the market growth in the upcoming future.
The citrus concentrate market is segmented into source, nature, end use, form, and region. On the basis of source, the market is bifurcated into oranges, lemons & limes, grapefruits, tangerines, and others. On the basis of nature, the market is bifurcated into organic and conventional. On the basis of form, it is bifurcated into dry and liquid. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the citrus concentrate market analysis from 2021 to 2031 to identify the prevailing citrus concentrate market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the citrus concentrate market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global citrus concentrate market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Source
Oranges
Lemons and Limes
Grapefruits
Tangerines
Others
By Nature
Conventional
Organic
By End Use
Food and Beverage Industry
Pharmaceuticals
Nutraceuticals
Others
By Form
Dry
Sales channel
B2C
B2B
Liquid
Sales channel
B2C
B2B
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Italy
Germany
France
Spain
The Netherlands
Switzerland
Rest Of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Thailand
Rest Of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Dohler GmbH
Bell Flavors & Fragrances
Prodalium Group
CitroGlobe Srl
Lemonconcentrate S.L.U
Iprona SpA
Louis Dreyfus Company
Citrus Systems Inc.
Asia Farm F&B Pte Ltd
SunOpta
Vinayak Corporation
Kiril Mischeff
Symrise
Ingredient Inc.
Sensient Technologies Corporation
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