Citrus Extract Market Share, Size, Trends, Industry Analysis Report, By Type (Orange, Lemon, Grapefruit); By Application; By Region; Segment Forecast, 2022 - 2030

Citrus Extract Market Share, Size, Trends, Industry Analysis Report, By Type (Orange, Lemon, Grapefruit); By Application; By Region; Segment Forecast, 2022 - 2030

The global citrus extract market size is expected to reach USD 10.60 billion by 2030, according to a new study by Polaris Market Research. The report “Citrus Extract Market Share, Size, Trends, Industry Analysis Report, By Type (Orange, Lemon, Grapefruit); By Application; By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growing demand for organic and natural extracts from the food and beverage industries is driving the market. These extracts are widely used to enhance the flavor of fruit, sports, functional, and carbonated soft drinks and produce different convenience foods. The increasing disposable incomes of the masses and their shifting dietary preferences drive industry growth. The growing awareness of the numerous health benefits of these extracts, such as immune enhancement and weight management, has resulted in their widespread use in the pharmaceutical industry for drug formulation.

Increasing these extracts in numerous hair and skin care product formulations, such as creams, lotions, facial cleansers, face packs, scrubs, shampoos, conditioners, and hair packs, further drives the industry. Other factors, such as the widespread use of these extracts for flavoring alcoholic beverages and their increasing use as a cleaning agent for domestic applications, contribute to the market’s positive outlook.

The citrus extract is a strong-flavored extract derived from citrus fruits used to prepare various foods, including baked goods, dairy products, confectionery, tea, and sausages. Due to its flavor and aroma, it is used in multiple cakes, pastries, candies, and chocolates as a flavoring agent. Apart from that, these extracts are widely used in producing perfumes, pharmaceuticals, haircare, and personal care products.

Citrus peel extract is widely used in pharmaceuticals as a flavoring agent in oral syrups and various other drugs due to its antibacterial properties, which aid in the elimination of persistent bacteria. It is also influenced by macroeconomic factors such as rising disposable incomes, an increase in annual consumer earnings, and expenditures on spas and salons where citrus extract-based goods are used in massage oils for relaxation and aroma.

Citrus Extract Market Report Highlights

The orange segment dominated the type segment due to rising nutritional benefits and taste palate.

Carbonated soft drinks dominated the application segment due to the rising beverage industry shifting towards more chemical-free natural flavored carbonated drinks.

Europe dominated the regional share due to the expansion of the beverage industry in the region and increased use of natural ingredients in the beverage industry as per adaptability.

Major players operating in global market include Botanic Healthcare, Global Essence, Kerry, Plantae Extracts Private Limited, XENA BIO HERBALS PRIVATE LIMITED, Qingdao Vital Nutraceutical Ingredients BioScience Co., Ltd (VNI), Citrus Extracts LLC., Green Chem, Henry Lamotte Oils GmbH, CRODAROM SA, HUNAN HUA CHENG BIOTECH INC.

Polaris Market Research has segmented the citrus extract market report based on type, application, and region:

Citrus Extract, Type Outlook (Revenue – USD Billion, 2022 – 2030)

Orange

Lemon

Grapefruit

Citrus Extract, Application Outlook (Revenue – USD Billion, 2022 – 2030)

Carbonated Soft Drinks

Food

Citrus Extract, Regional Outlook (Revenue – USD Billion, 2022 – 2030)

North America

U.S

Canada

Europe

Germany

UK

France

Italy

Spain

Asia Pacific

Japan

China

India

Australia

South Korea

Latin America

Brazil

Mexico

Argentina

Middle East & Africa

South Africa

Saudi Arabia

UAE


1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Citrus Extract Market Insights
4.1. Citrus Extract Market – Industry Snapshot
4.2. Citrus Extract Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Rising demand for natural extracts in food and beverage items
4.2.1.2. Increased in a number of health-conscious customers
4.2.2. Restraints and Challenges
4.2.2.1. High cost
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Citrus Extract Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Citrus Extract Market, by Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Citrus Extract, by Type, 2018 - 2030 (USD Billion)
5.3. Orange
5.3.1. Global Citrus Extract Market, by Orange, by Region, 2018 - 2030 (USD Billion)
5.4. Lemon
5.4.1. Global Citrus Extract Market, by Lemon, by Region, 2018 - 2030 (USD Billion)
5.5. Grapefruit
5.5.1. Global Citrus Extract Market, by Grapefruit, by Region, 2018 - 2030 (USD Billion)
6. Global Citrus Extract Market, by Application
6.1. Key Findings
6.2. Introduction
6.2.1. Global Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
6.3. Carbonated Soft Drinks
6.3.1. Global Citrus Extract Market, by Carbonated Soft Drinks, by Region, 2018 - 2030 (USD Billion)
6.4. Food
6.4.1. Global Citrus Extract Market, by Food, by Region, 2018 - 2030 (USD Billion)
7. Global Citrus Extract Market, by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Citrus Extract Market Assessment, By Geography, 2018 - 2030 (USD Billion)
7.3. Citrus Extract Market – North America
7.3.1. North America: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.3.2. North America: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.3.3. Citrus Extract Market – U.S.
7.3.3.1. U.S.: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.3.3.2. U.S.: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.3.4. Citrus Extract Market – Canada
7.3.4.1. Canada: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.3.4.2. Canada: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.4. Citrus Extract Market – Europe
7.4.1. Europe: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.4.2. Europe: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.4.3. Citrus Extract Market – UK
7.4.3.1. UK: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.4.3.2. UK: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.4.4. Citrus Extract Market – France
7.4.4.1. France: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.4.4.2. France: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.4.5. Citrus Extract Market – Germany
7.4.5.1. Germany: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.4.5.2. Germany: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.4.6. Citrus Extract Market – Italy
7.4.6.1. Italy: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.4.6.2. Italy: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.4.7. Citrus Extract Market – Spain
7.4.7.1. Spain: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.4.7.2. Spain: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.4.8. Citrus Extract Market – Netherlands
7.4.8.1. Netherlands: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.4.8.2. Netherlands: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.4.9. Citrus Extract Market – Russia
7.4.9.1. Russia: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.4.9.2. Russia: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.5. Citrus Extract Market – Asia Pacific
7.5.1. Asia Pacific: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.5.2. Asia Pacific: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.5.3. Citrus Extract Market – China
7.5.3.1. China: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.5.3.2. China: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.5.4. Citrus Extract Market – India
7.5.4.1. India: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.5.4.2. India: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.5.5. Citrus Extract Market – Malaysia
7.5.5.1. Malaysia: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.5.5.2. Malaysia: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.5.6. Citrus Extract Market – Japan
7.5.6.1. Japan: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.5.6.2. Japan: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.5.7. Citrus Extract Market – Indonesia
7.5.7.1. Indonesia: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.5.7.2. Indonesia: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.5.8. Citrus Extract Market – South Korea
7.5.8.1. South Korea: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.5.8.2. South Korea: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.6. Citrus Extract Market – Middle East & Africa
7.6.1. Middle East & Africa: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.6.2. Middle East & Africa: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.6.3. Citrus Extract Market – Saudi Arabia
7.6.3.1. Saudi Arabia: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.6.3.2. Saudi Arabia: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.6.4. Citrus Extract Market – UAE
7.6.4.1. UAE: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.6.4.2. UAE: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.6.5. Citrus Extract Market – Israel
7.6.5.1. Israel: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.6.5.2. Israel: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.6.6. Citrus Extract Market – South Africa
7.6.6.1. South Africa: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.6.6.2. South Africa: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.7. Citrus Extract Market – Latin America
7.7.1. Latin America: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.7.2. Latin America: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.7.3. Citrus Extract Market – Mexico
7.7.3.1. Mexico: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.7.3.2. Mexico: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.7.4. Citrus Extract Market – Brazil
7.7.4.1. Brazil: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.7.4.2. Brazil: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
7.7.5. Citrus Extract Market – Argentina
7.7.5.1. Argentina: Citrus Extract Market, by Application, 2018 - 2030 (USD Billion)
7.7.5.2. Argentina: Citrus Extract Market, by Type, 2018 - 2030 (USD Billion)
8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
9.1. Botanic Healthcare
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. Global Essence
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. Kerry
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. Plantae Extracts Private Limited
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. XENA BIOHERBALS PRIVATE LIMITED
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. Qingdao Vital Nutraceutical Ingredients BioScience Co., Ltd (VNI)
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. Citrus Extracts LLC
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. Green Chem
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. Henry Lamotte Oils GmbH
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. CRODAROM SA
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development
9.11. HUNAN HUACHENG BIOTECH INC
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. Product Benchmarking
9.11.4. Recent Development

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