Global Citrus Extract Market Size, Trends & Growth Opportunity, By Nature (Organic, and Conventional), By Product (Orange, Lime, Lemon, Grapefruit, and Others), By Application (Carbonated Soft Drinks, Fruit Beverages, Bottled Water, Functional Beverages, Sport Drinks, and Others), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Citrus Extract Market
Global Citrus Extract Market was valued at USD 6.51 billion in 2021 and is expected to reach USD 9.95 billion by 2027, at a CAGR 4.05% from 2022-2027.
Citrus is extracted from various kinds of citrus fruits like orange, lime, grapes, lemon, and others. Citrus extract is strongly flavoured and it is widely used in sausages, dairy products, bakery, confectionary, smoothies, shakes, tea, and other several products. Citrus acts as natural flavouring agent which is useful in production of cakes & pastries, chocolates, candies, and many alcoholic beverages.
Market Drivers
Increasing demand for natural extract in various food & beverage products with higher nutritional value is considered as a driving factor which is expected to propel the global citrus extract market growth. Also, rising consumer inclination towards natural food ingredients because of its immense health benefits will have positive impact on the market growth. Moreover, growing disposable income will fuel the market growth by 2027.
Further, rising demand for citrus extract because of its applications such as weight loss management, hair & skin care, pharmaceuticals, and immunity boost will drive the market growth during the forecast period.
Market Restraints
The restraining factor for the market is that, some organizations do not collaborate with service providers and they do not take advantage of digitalization. As they do not have awareness of the same, this factor is expected to obstruct the citrus extract market growth.
Market Segmentation
The Global Citrus Extract Market is segmented into: nature, product, application, and region.
Based on the product segment, the global citrus extract orange market is segmented into orange, lime, lemon, grapefruit, and others. Orange segment dominated the market and accounted for the largest revenue share in 2021. This is attributed to oranges being a rich source of vitamins & minerals.
Regional Analysis
The Global Citrus Extract Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
The North American region is expected to dominate the global citrus extract market. The U.S. is the largest consumer of citrus extracts in North America. The market is expected to grow significantly owing to the increasing demand for natural flavouring and fragrance agents in carbonated soft drinks, fruit beverages, sports & energy drinks, foods, and confectionary because of the increasingly health-conscious population.
Key Players
Various key players are discussed into the Global Citrus Extract Market Report including: Mountain Rose Inc., The Lebermuth Co. Inc., Young Living Essential Oils LC, Symrise AG, Citromax Flavors Inc, doTERRA International, LLC., doTERRA International, LLC., CRODAROM SA, Green Che, Citrus Extracts LLC., OliveNation, and Others
Market Taxonomy
By Nature
By Product
By Application
By Region
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Citrus Extract Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Citrus Extract Market, By Nature
- 5.1 Y-o-Y Growth Comparison, By Nature
- 5.2 Global Citrus Extract Market Share Analysis, By Nature
- 5.3 Global Citrus Extract Market Size and Forecast, By Nature
- 5.3.1 Organic
- 5.3.2 Conventional
- 6 Global Citrus Extract Market, By Product
- 6.1 Y-o-Y Growth Comparison, By Product
- 6.2 Global Citrus Extract Market Share Analysis, By Product
- 6.3 Global Citrus Extract Market Size and Forecast, By Product
- 6.3.1 Orange
- 6.3.2 Lime
- 6.3.3 Grapefruit
- 6.3.4 Others
- 7 Global Citrus Extract Market, By Application
- 7.1 Y-o-Y Growth Comparison, By Application
- 7.2 Global Citrus Extract Market Share Analysis, By Application
- 7.3 Global Citrus Extract Market Size and Forecast, By Application
- 7.3.1 Carbonated Soft drink
- 7.3.2 Fruit Beverages
- 7.3.3 Bottled Water
- 7.3.4 Functional Beverages
- 7.3.5 Sport Drinks
- 7.3.6 Others
- 8 Global Citrus Extract Market, By Region
- 8.1 Global Citrus Extract Market Share Analysis, By Region
- 8.2 Global Citrus Extract Market Share Analysis, By Region
- 8.3 Global Citrus Extract Market Size and Forecast, By Region
- 9 North America Citrus Extract Market Analysis and Forecast (2022 – 2027)
- 9.1 Introduction
- 9.2 North America Citrus Extract Market Share Analysis, By Nature
- 9.3 North America Citrus Extract Market Size and Forecast, By Product
- 9.4 North America Citrus Extract Market Size and Forecast, By Application
- 9.5 North America Citrus Extract Market Size and Forecast, By Country
- 9.5.1 U.S.
- 9.5.2 Canada
- 9.5.3 Mexico
- 10 Europe Citrus Extract Market Analysis and Forecast (2022 – 2027)
- 10.1 Introduction
- 10.2 Europe Citrus Extract Market Share Analysis, By Nature
- 10.3 Europe Citrus Extract Market Size and Forecast, By Product
- 10.4 Europe Citrus Extract Market Size and Forecast, By Application
- 10.5 Europe Citrus Extract Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.5.4 Rest of Europe
- 11 Asia Pacific Citrus Extract Market Analysis and Forecast (2022 – 2027)
- 11.1 Introduction
- 11.2 Asia Pacific Citrus Extract Market Share Analysis, By Nature
- 11.3 Asia Pacific Citrus Extract Market Size and Forecast, By Product
- 11.4 Asia Pacific Citrus Extract Market Size and Forecast, By Application
- 11.5 Asia Pacific Citrus Extract Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4 Rest of Asia Pacific
- 12 Latin America Citrus Extract Market Analysis and Forecast (2022 – 2027)
- 12.1 Introduction
- 12.2 Latin America Citrus Extract Market Share Analysis, By Nature
- 12.3 Latin America Citrus Extract Market Size and Forecast, By Product
- 12.4 Latin America Citrus Extract Market Size and Forecast, By Application
- 12.5 Latin America Citrus Extract Market Size and Forecast, Country
- 12.5.1 Brazil
- 12.5.2 Rest of Latin America
- 13 Middle East Citrus Extract Market Analysis and Forecast (2022 – 2027)
- 13.1 Introduction
- 13.2 Middle East Citrus Extract Market Share Analysis, By Nature
- 13.3 Middle East Citrus Extract Market Size and Forecast, By Product
- 13.4 Middle East Citrus Extract Market Size and Forecast, By Application
- 13.5 Middle East Citrus Extract Market Size and Forecast, By Country
- 13.5.1 Saudi Arabia
- 13.5.2 UAE
- 13.5.3 Egypt
- 13.5.4 Kuwait
- 13.5.5 South Africa
- 14 Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15 Company Profiles
- 15.1 Mountain Rose Inc
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 The Lebermuth Co. Inc
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3 Young Living Essential Oils LC
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 Symrise AG
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 Citromax Flavors Inc
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 doTERRA International, LLC
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 CRODAROM SA
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 Green Che
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 Citrus Extracts LLC.
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 OliveNation
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
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