The citrus extract market is expected to register a CAGR of 5% during 2023 – 2031. The citrus extract market is growing due to rising popularity of citrus flavored beverages.
One of the primary growth drivers for citrus extract market is the increasing consumer demand for natural and clean label products. Rising health awareness coupled with the growing consumer interest to avoid synthetic additives and preservatives in food & beverages, will boost the appetite for natural citrus extracts.
These extracts are derived from natural citrus fruits (oranges, lemons, grapefruits etc) and are considered as a better alternative to synthetic flavours and colourings. This growing trend of natural and clean label foods and beverages will create a healthy market for the citrus extracts. As consumers are increasingly getting smart about the health benefits of citrus fruits, the scope for citrus extracts simply gets bigger and better.
The health and wellness trend provides an opportunity for the citrus extract market. An increasing focus on health and nutrition by consumers has opened avenues for the citrus extract market, as more foods need to be marketed and sold as having a beneficial effect on health and well-being. Citrus extracts are rich sources of vitamins, especially vitamin C, and are increasingly being used in the development of functional foods and beverages to support immunity and improve general health. This trend is more pronounced in regions with a greater number of health-conscious consumers such as North America and Europe. The rise of clean eating and plant-based diets also bodes well for demand for natural flavouring agents such as citrus extracts. Companies focusing on the development of innovative product portfolio by leveraging these health trends will benefit from more opportunities.
Key segments that contributed to the derivation of the citrus extract market analysis are form, source, and application.
The regional trends and factors influencing the Citrus Extract Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Citrus Extract Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ XX million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2025 - 2031) | 5% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Form
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Citrus Extract Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Citrus Extract Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The citrus extract market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the citrus extract market are listed below:
The “Citrus Extract Market Size and Forecast (2021 – 2031)” provides a detailed analysis of the market covering below areas:
The List of Companies
1.Bontoux S.A.S.
2.Cifal Herbal Pvt. Ltd.
3.Kanegrade Ltd.
4.NFC Industry Co. Ltd.
5.Orgenetics Inc.
6.THE VINCENT CORPORATION
7.S.A. Herbal Bioactives LLP
8.SPRIG
9.Dr. Oetker
10.INFINATOR PVT. LTD.
11.Xuangcheng Quality Herb Co., Ltd.
12.Veda oils
13.Hunan Sunfull Bio-Tech Co., Ltd
14.Nielsen-Massey Vanillas, Inc.
15.Citromax
16.C. F. SAUER'S COMPANY
17.HERBAL CREATIONS
18.McCormick and Company, Inc.
19.J.R. WATKINS
20.CITRUS EXTRACTS
The global citrus extract market is estimated to grow at a CAGR of 5% during the forecast period 2024-2031.
Growing application in food and beverage industry, and rising demand for natural ingredients are driving factors impacting the citrus extract market.
Technological advancement in extraction methods is anticipated to play a significant role in the citrus extract market in the coming years.
Kerry Group plc, Givaudan, Citrus Extract LLC, Dohler Group, Symrise AG, and Flavorman, among others are the leading players operating in the citrus extract market.
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Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.