Orange Compound Market Size - By Compounds (D-Limonene, α-Pinene, β-Pinene, Linalool, Decanal, Myrcene, Nootkatone, Octanal, Nonanal, Valencene, Perillaldehyde, Sabinene), Application (Food & Beverage, Personal Care & Cosmetics) & Global Forecast, 2023

Orange Compound Market Size - By Compounds (D-Limonene, α-Pinene, β-Pinene, Linalool, Decanal, Myrcene, Nootkatone, Octanal, Nonanal, Valencene, Perillaldehyde, Sabinene), Application (Food & Beverage, Personal Care & Cosmetics) & Global Forecast, 2023 - 2032

Orange Compound Market size is estimated to expand at 5.4% CAGR from 2023-2032 driven by the rising consumer preference for natural and organic products.

The expanding awareness of health and wellness is accelerating the inclination towards flavoring agents derived from natural sources. Orange compounds, with their authentic citrusy profiles are witnessing growing demand as sought-after ingredients in food, beverages, and personal care products. Additionally, the evolving consumer preferences along with the dynamic nature of the fragrance industry are driving the popularity of orange compounds, further boosting the overall market growth.

The orange compound industry is segmented into product, application, and region.

In terms of product, the market share from the perillaldehyde segment is likely to expand exponentially from 2023-2032 attributed to versatile application in food & beverages, fragrances, and personal care products. The increasing emphasis on natural and authentic flavors is surging the demand for perillaldehyde to enhance the appeal of orange compounds. Additionally, the rising inclusion of perillaldehyde compounds in perfumes and beauty products due to their aromatic properties will propel the segment growth.

Based on application, the orange compound market from the personal care & cosmetics segment gained significant traction in 2022 and is expected to record steady growth through 2032. The versatile and refreshing aroma of orange compounds is driving their popularity as sought-after ingredients in skincare, perfumes, and cosmetics. With consumers increasingly favoring natural and fruit-based formulations, several cosmetic manufacturers are incorporating orange compounds for their aromatic and potentially revitalizing properties. Moreover, the rising demand for natural and appealing fragrances in personal care products is expected to foster the segment expansion.

According to regional landscape, the Asia Pacific orange compound market is poised to depict robust growth by 2032. The rising population and changing consumer preferences is resulting in the surging need for natural and fruit-based ingredients in food and beverage products. Additionally, the expanding food processing sector and the higher incorporation of orange flavor in various products will also augment the regional industry outlook.