Citrus Extract Market 2022-2028

PUBLISHED: October 16, 2022

PAGES: 125 Pages

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Global Citrus Extract Market Size, Share & Trends Analysis Report by Product (Orange, Lime, Lemon, Grapefruit, and Others), by Form (Powder, Liquid), and by Application (Food & beverages, Pharmaceuticals, Dietary supplements, Personal Care, and Others) Forecast (2022-2028)

The global citrus extract market is anticipated to grow at a substantial CAGR of 5.0% during the forecast period. The citrus extract is extracted from an array of citrus fruits including lemon, lime, orange, grapefruit, and more. The citrus extracts presents aroma, flavor, and high nutritional value, due to which used in several applications including food & beverages, pharmaceuticals, dietary supplements, personal care, and others. Shifting dietary preferences towards natural extracts in food & beverage products with high nutritional value is primary factor driving the growth of the market. Citrus extracts are gaining popularity among consumers especially among the millennials owing to their nutritional and personal care benefits. Besides, these extracts are widely added to improve the flavor of fruit beverages, sports drinks, bottled water, functional beverages, and carbonated soft drinks which is further boosting the market growth. Key market manufacturers are inclined towards producing citrus-flavored drinks in varieties, while ensuring quality and taste. For instance, in 2019, Citromax Flavors Inc. launched a new line of lemonade bases, which were showcased at Flavorcon 2019. The lemonade bases were offered in three varieties: Lemon Lime Lemonade, Hibiscus Lemonade, and White Peach Lemonade. Citromax has also implemented vertically integrated planting, harvesting, and processing capabilities to offer superior taste and quality.

The global citrus extract market is segmented based on product, form, and application. Based on the product, the market is segmented into orange, lime, lemon, grapefruit, and others. Based on the form, the market is sub-segmented into powder and liquid. Based on the application the market is sub-segment into food & beverages, pharmaceuticals, dietary supplements, personal care, and others. The above-mentioned segments can be customized as per the requirements. Among the product segment, the orange sub-segment is anticipated to hold prominent share of the market. Owing to the increasing use of orange extracts in the beverage industry due to its nutritional benefits. Orange Extracts are highly concentrated flavors extracted from oranges onto an alcohol base. The high alcohol content with strong fruit flavor makes them extremely shelf stable. Due to its scent, flavor, and health factors, such as high vitamin C, an orange extract is used in different beverages including carbonated soft drinks, fruit beverages, bottled water, functional drinks, and sports drinks to provide fresh flavor and aroma. Thus, several key companies are continually making efforts to cater to this demand with orange-flavored serves. For instance, in August 2021, Irish Whiskey introduced a fresh range of Jameson Orange, which combines triple-distilled Jameson Irish Whiskey and natural orange flavoring. The range is available in the UK shelves and on-premises.

Geographically the global citrus extracts market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is anticipated to hold a considerable share in the citrus extract market owing to rising consumer awareness among the people regarding health, nutrition, and benefits of citrus extract in this region. A large number of consumers in the country such as the US follow strict diet regimes and are well aware of numerous health benefits offered by fruit extracts including citrus. Health benefits such as boosting immunity and assisting in weight management are the major reason driving the growth of citrus extract in this region

The major companies serving the global citrus extract market include BONTOUX SAS, Citromax Flavors, Inc., Citrus and Allied Essences Ltd., Citrus Systems Inc., Kerry Group plc, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in 2020, Kerry launched an advanced citrus extract technology branded named "New! Citrus Extract". The technology allows the delivery of flavors comparable to traditional natural citrus and can be labeled as a natural extract. The extraction technology can be applied to a variety of citrus fruit and has many different applications such as sparkling and still flavored water, teas, juice drinks, isotonic and energy drinks, craft carbonated soft drinks, and alcoholic beverages including hard seltzers, malt beverages, mocktails, and flavored beers and spirits.

Research Methodology

The market study of the global citrus extract market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.
Whitepapers, research papers, and news blogs.
Company websites and their product catalog.

The report provides an in-depth analysis of the market size and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Citrus Extract Market Research and Analysis by Product.

2. Global Citrus Extract Market Research and Analysis by Form.

3. Global Citrus Extract Market Research and Analysis by Application.

The Report Covers:

Comprehensive Research Methodology of the global citrus extract market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global citrus extract market.
Insights about market determinants that are stimulating the global citrus extract market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026435

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
Impact of COVID-19 on the Global Citrus Extract Market
Recovery Scenario of Global Citrus Extract Market
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. BY Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. BONTOUX SAS
- 3.1.1. Overview
- 3.1.2. Financial Analysis
- 3.1.3. SWOT Analysis
- 3.1.4. Recent Developments
3.2. Citromax Flavors, Inc.
- 3.2.1. Overview
- 3.2.2. Financial Analysis
- 3.2.3. SWOT Analysis
- 3.2.4. Recent Developments
3.3. Citrus and Allied Essences Ltd.
- 3.3.1. Overview
- 3.3.2. Financial Analysis
- 3.3.3. SWOT Analysis
- 3.3.4. Recent Developments
3.4. Citrus Systems Inc.
- 3.4.1. Overview
- 3.4.2. Financial Analysis
- 3.4.3. SWOT Analysis
- 3.4.4. Recent Developments
3.5. Kerry Group plc
- 3.5.1. Overview
- 3.5.2. Financial Analysis
- 3.5.3. SWOT Analysis
- 3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players

4. Market Segmentation

4.1. Global Citrus Extract Market by Product
- 4.1.1. Orange
- 4.1.2. Lime
- 4.1.3. Lemon
- 4.1.4. Grapefruit
- 4.1.5. Others
4.2. Global Citrus Extract Market by Form
- 4.2.1. Powder
- 4.2.2. Liquid
4.3. Global Citrus Extract Market by Application
- 4.3.1. Food & beverages
- 4.3.2. Pharmaceuticals
- 4.3.3. Dietary supplements
- 4.3.4. Personal Care
- 4.3.5. Others

5. Regional Analysis

5.1. North America
- 5.1.1. United States
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. South Korea
- 5.3.5. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Active Concepts, LLC
6.2. Cifal herbal Private Ltd.
6.3. IMG Citrus
6.4. Interstate Commodities Corp.
6.5. Lionel Hitchen Ltd.
6.6. McCormick & Company, Inc.
6.7. Nielsen Citrus Products Company, Inc.
6.8. Nielsen-Massey Vanillas, Inc.
6.9. OliveNation, LLC
6.10. Orgenetics, Inc.
6.11. Sauer Brands, Inc. (Spice Hunter)
6.12. Southern Flavoring Company, Inc.
6.13. SpecialChem S.A.
6.14. Symrise Group
6.15. The Lebermuth Co., Inc.
6.16. Ultra International B.V.
6.17. Vincent Corporation
6.18. Young Living Essential Oils Australasia PTY LTD.

Product Code: OMR2026435

LIST OF TABLES

1. GLOBAL CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
2. GLOBAL ORANGE EXTRACT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL LIME EXTRACT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL LEMON EXTRACT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL GRAPEFRUIT EXTRACT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL OTHERS EXTRACT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY FORM, 2021-2028 ($ MILLION)
8. GLOBAL POWDER CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL LIQUID CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
11. GLOBAL CITRUS EXTRACT IN FOOD & BEVERAGES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL CITRUS EXTRACT IN PHARMACEUTICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL CITRUS EXTRACT IN DIETARY SUPPLEMENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL CITRUS EXTRACT IN PERSONAL CARE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL CITRUS EXTRACT IN OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
17. NORTH AMERICAN CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
18. NORTH AMERICAN CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
19. NORTH AMERICAN CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY FORM, 2021-2028 ($ MILLION)
20. NORTH AMERICAN CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
21. EUROPEAN CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
22. EUROPEAN CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
23. EUROPEAN CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY FORM, 2021-2028 ($ MILLION)
24. EUROPEAN CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
25. ASIA-PACIFIC CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
26. ASIA-PACIFIC CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
27. ASIA-PACIFIC CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY FORM, 2021-2028 ($ MILLION)
28. ASIA-PACIFIC CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
29. REST OF THE WORLD CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
30. REST OF THE WORLD CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY PRODUCT, 2021-2028 ($ MILLION)
31. REST OF THE WORLD CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY FORM, 2021-2028 ($ MILLION)
32. REST OF THE WORLD CITRUS EXTRACT MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)

LIST OF FIGURES

1. IMPACT OF COVID-19 ON GLOBAL CITRUS EXTRACT MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL CITRUS EXTRACT MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL CITRUS EXTRACT MARKET, 2022-2028 (%)
4. GLOBAL CITRUS EXTRACT MARKET SHARE BY PRODUCT, 2021VS 2028(%)
5. GLOBAL ORANGE MARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
6. GLOBAL LIME EXTRACTMARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
7. GLOBAL LEMON EXTRACT MARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
8. GLOBAL GRAPEFRUIT EXTRACT MARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
9. GLOBAL OTHERS EXTRACT MARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
10. GLOBAL CITRUS EXTRACT MARKET SHARE BY FORM, 2021VS 2028(%)
11. GLOBAL POWDER CITRUS EXTRACT MARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
12. GLOBAL LIQUID CITRUS EXTRACT MARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
13. GLOBAL CITRUS EXTRACT MARKET SHARE BY APPLICATION, 2021VS 2028(%)
14. GLOBAL CITRUS EXTRACT IN FOOD & BEVERAGES MARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
15. GLOBAL CITRUS EXTRACT IN PHARMACEUTICALS MARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
16. GLOBAL CITRUS EXTRACT IN DIETARY SUPPLEMENTS MARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
17. GLOBAL CITRUS EXTRACT IN PERSONAL CARE MARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
18. GLOBAL CITRUS EXTRACT IN OTHERS MARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
19. GLOBAL CITRUS EXTRACT MARKET SHARE BY GEOGRAPHY, 2021VS 2028(%)
20. US CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
21. CANADA CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
22. UK CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
23. FRANCE CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
24. GERMANY CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
25. ITALY CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
26. SPAIN CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
27. REST OF EUROPE CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
28. INDIA CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
29. CHINA CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
30. JAPAN CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
31. SOUTH KOREA CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
32. REST OF ASIA-PACIFIC CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)
33. REST OF THE WORLD CITRUS EXTRACT MARKET SIZE, 2021-2028 ($ MILLION)