Market Overview:
The global citrus extract market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for natural and healthy ingredients in food and beverage products. In addition, the growing awareness about the health benefits of citrus extracts is also propelling the demand for these extracts globally. The global citrus extract market can be segmented on the basis of type, application, and region. On the basis of type, orange accounted for a major share in 2017 owing to its high demand in carbonated soft drinks and fruit beverages across regions. However, lemon is projected to grow at a highest CAGR during 2018-2030 due its various health benefits such as weight loss management and detoxification properties which are gaining traction among consumers worldwide. Additionally, grapefruit extract is also anticipated to witness significant growth during forecast period owing to its numerous nutritional benefits including antioxidants content which are beneficial for human health .On the basis of application , carbonated soft drinks dominated global citrus extract market with more than 50% share in 2017 followed by fruit beverages .However functional beverages segmentis projectedto register highest CAGR over next 10 years due rising consumer preferencefor healthier optionswith better taste profiles .
Product Definition:
Citrus extract is a type of flavoring derived from the peels, pulp, and seeds of citrus fruits. It is used to add flavor to food or drink, or as a fragrance in cosmetics and other products.
Orange:
An orange is a fruit that's generally considered to be the citrus tree's peel, composed of thick, bitter-tasting skin covering a sweet pulp known as mesocarp. In common parlance, the term usually refers to only one part of the fruit namely the outermost layer or peel which contains an array of nutrients and health benefits. The segmented portion is commonly called as segments or sometimes used in making marmalade.
Lemon:
Lemon is a sour fruit and has been used as a flavoring ingredient in various food products. It is also used to extract oil from the rind of the citron tree which is further processed to manufacture fragrance oils, cosmetics, soaps and detergents.
Application Insights:
The functional beverages segment held the largest revenue share of over 27.0% in 2017 and is anticipated to witness significant growth during the forecast period. Citrus extracts offer various health benefits, such as weight loss, improved digestion, protection against heart diseases and cancer due to its antioxidant properties. These factors are expected to increase product demand in functional beverage formulations across various regions worldwide.
Carbonated soft drinks (CSD) was the second-largest application segment accounting for a revenue share of 22.9% in 2017 owing to increasing consumption of flavored CSDs including orange, lemon and lime among other citrus flavors such as grapefruit and pomelo which has led to an increased demand for these extract products from carbonated soft drink manufacturers globally.
Regional Analysis:
North America was the largest regional market in 2017 owing to growing consumer awareness regarding health and nutritional benefits of citrus extracts. The U.S., being a major producer, has access to a large base of population which makes it an important region for citrus extract industry growth. Asia Pacific is expected to be the fastest-growing regional market at a CAGR of XX% from 2018 to 2030 due to increasing product demand from emerging countries such as China and India on account of rising disposable income levels, improving standard of living, and changing food preferences among consumers. Moreover, increasing number or hotels catering specifically for foreign tourists will also boost product demand in this region over the forecast period. Latin America is also expected witness significant growth over the coming years owing with high production volume along with presence of key manufacturers such as Boticas SA; Fresenius Kabi AG & Co.
Growth Factors:
- Increasing demand for natural and organic products
- Rising awareness about the health benefits of citrus extract
- Growing popularity of functional foods and beverages
- Proliferation of online retailing channels
- Expansion of distribution networks
Scope Of The Report
Report Attributes
Report Details
Report Title
Citrus Extract Market Research Report
By Type
Orange, Lemon, Grapefruit, Lime, Others
By Application
Carbonated Soft Drinks, Fruit Beverages, Functional Beverages, Others
By Companies
Bontoux SAS, Citromax Flavors, Citrus and Allied Essences Ltd, Citrus Systems, doTERRA International, IMG Citrus, Interstate Commodities Corp, Lebermuth, Mountain Rose Herbs, Nielsen Citrus Product Company, Bontoux SAS, Young Living Essential Oils
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Citrus Extract Market Report Segments:
The global Citrus Extract market is segmented on the basis of:
Types
Orange, Lemon, Grapefruit, Lime, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Carbonated Soft Drinks, Fruit Beverages, Functional Beverages, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bontoux SAS
- Citromax Flavors
- Citrus and Allied Essences Ltd
- Citrus Systems
- doTERRA International
- IMG Citrus
- Interstate Commodities Corp
- Lebermuth
- Mountain Rose Herbs
- Nielsen Citrus Product Company
- Bontoux SAS
- Young Living Essential Oils
Highlights of The Citrus Extract Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Orange
- Lemon
- Grapefruit
- Lime
- Others
- By Application:
- Carbonated Soft Drinks
- Fruit Beverages
- Functional Beverages
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Citrus Extract Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Citrus extract is a natural product that is derived from the rinds and juice of citrus fruits. It contains flavonoids, including limonene, which has been shown to have anti-inflammatory properties.
Some of the key players operating in the citrus extract market are Bontoux SAS, Citromax Flavors, Citrus and Allied Essences Ltd, Citrus Systems, doTERRA International, IMG Citrus, Interstate Commodities Corp, Lebermuth, Mountain Rose Herbs, Nielsen Citrus Product Company, Bontoux SAS, Young Living Essential Oils.
The citrus extract market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Citrus Extract Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Citrus Extract Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Citrus Extract Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Citrus Extract Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Citrus Extract Market Size & Forecast, 2018-2028
4.5.1 Citrus Extract Market Size and Y-o-Y Growth
4.5.2 Citrus Extract Market Absolute $ Opportunity
Chapter 5 Global Citrus Extract Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Citrus Extract Market Size Forecast by Type
5.2.1 Orange
5.2.2 Lemon
5.2.3 Grapefruit
5.2.4 Lime
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Citrus Extract Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Citrus Extract Market Size Forecast by Applications
6.2.1 Carbonated Soft Drinks
6.2.2 Fruit Beverages
6.2.3 Functional Beverages
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Citrus Extract Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Citrus Extract Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Citrus Extract Analysis and Forecast
9.1 Introduction
9.2 North America Citrus Extract Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Citrus Extract Market Size Forecast by Type
9.6.1 Orange
9.6.2 Lemon
9.6.3 Grapefruit
9.6.4 Lime
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Citrus Extract Market Size Forecast by Applications
9.10.1 Carbonated Soft Drinks
9.10.2 Fruit Beverages
9.10.3 Functional Beverages
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Citrus Extract Analysis and Forecast
10.1 Introduction
10.2 Europe Citrus Extract Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Citrus Extract Market Size Forecast by Type
10.6.1 Orange
10.6.2 Lemon
10.6.3 Grapefruit
10.6.4 Lime
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Citrus Extract Market Size Forecast by Applications
10.10.1 Carbonated Soft Drinks
10.10.2 Fruit Beverages
10.10.3 Functional Beverages
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Citrus Extract Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Citrus Extract Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Citrus Extract Market Size Forecast by Type
11.6.1 Orange
11.6.2 Lemon
11.6.3 Grapefruit
11.6.4 Lime
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Citrus Extract Market Size Forecast by Applications
11.10.1 Carbonated Soft Drinks
11.10.2 Fruit Beverages
11.10.3 Functional Beverages
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Citrus Extract Analysis and Forecast
12.1 Introduction
12.2 Latin America Citrus Extract Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Citrus Extract Market Size Forecast by Type
12.6.1 Orange
12.6.2 Lemon
12.6.3 Grapefruit
12.6.4 Lime
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Citrus Extract Market Size Forecast by Applications
12.10.1 Carbonated Soft Drinks
12.10.2 Fruit Beverages
12.10.3 Functional Beverages
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Citrus Extract Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Citrus Extract Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Citrus Extract Market Size Forecast by Type
13.6.1 Orange
13.6.2 Lemon
13.6.3 Grapefruit
13.6.4 Lime
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Citrus Extract Market Size Forecast by Applications
13.10.1 Carbonated Soft Drinks
13.10.2 Fruit Beverages
13.10.3 Functional Beverages
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Citrus Extract Market: Competitive Dashboard
14.2 Global Citrus Extract Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bontoux SAS
14.3.2 Citromax Flavors
14.3.3 Citrus and Allied Essences Ltd
14.3.4 Citrus Systems
14.3.5 doTERRA International
14.3.6 IMG Citrus
14.3.7 Interstate Commodities Corp
14.3.8 Lebermuth
14.3.9 Mountain Rose Herbs
14.3.10 Nielsen Citrus Product Company
14.3.11 Bontoux SAS
14.3.12 Young Living Essential Oils
