Citrus Extracts Market Size, Share, Trends & Growth Analysis to 2028

Global Citrus Extracts Market Size, Share, Trends, Industry Growth by Source (Orange, Lemon, Lime, Grapefruit, and Others), by Nature (Organic, Conventional), By Form, by Application, by Region, and Forecast to 2028

Report ID: RC155555 | Report Format: PDF + Excel | Starting Price: 3800/- USD | Last Updated: June 29th, 2023

The global citrus extracts market size is anticipated to register a significant CAGR of over 4% during the forecast period from 2022 to 2028. The increasing demand for carbonated soft drinks and the growing consumption of fruit beverages around the world are some major factors driving the market growth. Furthermore, the growing use of the product in sports & energy drinks, and the food industry as a flavoring agent is further anticipated to fuel the market growth. Moreover, with the rising health awareness among consumers and growing adoption of organic products, the demand for the product is increasing in the food & beverage industry, which is expected to boost the market growth over the forecast period.

Market Drivers:

Increasing Consumer Demand for Natural and Healthy Ingredients: Consumers are increasingly seeking natural and healthy food and beverage products. Citrus extracts, derived from citrus fruits such as oranges, lemons, and grapefruits, are considered natural ingredients with various health benefits. They are rich in vitamins, antioxidants, and bioactive compounds, making them popular among health-conscious consumers.

Growing Awareness of Citrus Extracts’ Health Benefits: Citrus extracts are known for their numerous health benefits. They are a rich source of vitamin C, which supports immune health and acts as an antioxidant. Citrus extracts also contain bioactive compounds like flavonoids and limonoids, which have been associated with anti-inflammatory, anticancer, and cardiovascular health benefits. The increasing awareness of these health benefits is driving the demand for citrus extracts.

Expansion of Food and Beverage Industry: The food and beverage industry is experiencing significant growth, driven by changing consumer preferences and the introduction of new products. Citrus extracts are widely used in the industry as natural flavoring agents, preservatives, and colorants. The expansion of the food and beverage industry, including the demand for natural and clean-label products, is boosting the demand for citrus extracts.

Increasing Application in Functional Foods and Nutraceuticals: Citrus extracts are finding applications in functional foods and nutraceuticals due to their health-promoting properties. These extracts are used to enhance the nutritional profile and functional attributes of food and beverage products, including fortified juices, dietary supplements, energy bars, and health drinks. The growing market for functional foods and nutraceuticals is driving the demand for citrus extracts.

Rising Demand for Natural Flavors and Fragrances: With the increasing preference for natural ingredients, there is a growing demand for natural flavors and fragrances in various consumer products. Citrus extracts are widely used as natural flavoring agents in the food and beverage industry, as well as in the production of personal care and household products. The shift away from artificial ingredients and synthetic fragrances is fueling the demand for citrus extracts.

Technological Advancements in Extraction Techniques: Technological advancements in extraction techniques have improved the efficiency and quality of citrus extracts. Advanced extraction methods, such as cold-pressing, supercritical fluid extraction, and enzymatic extraction, help preserve the flavor, aroma, and bioactive compounds of citrus fruits. These advancements contribute to the production of high-quality citrus extracts, driving their demand in various industries.

Growing Global Citrus Production: Citrus fruits are widely cultivated globally, with major producing regions including countries like Brazil, the United States, China, Spain, and Mexico. The availability and abundance of citrus fruits support the production of citrus extracts. The growth in global citrus production ensures a steady supply of raw materials for the extraction of citrus extracts, contributing to market growth.

Market Snapshot:

Benchmark Year		2022
Market Size
Market Growth (CAGR)		> 4% (2023-2030)
Largest Market Share
Analysis Period		2020-2030
Market Players		Botanic Healthcare, Global Essence, Kerry, Plantae Extracts Private Limited, and XENA BIOHERBALS PRIVATE LIMITED

Market Insights:

By source, the orange source segment is expected to dominate the global by 2028

The global citrus extracts market is bifurcated into source, nature, form, application, and geography. On the basis of source, the market is further segmented into orange, lemon, lime, grapefruit, and others. The orange segment dominated the global market in 2021 and expected to hold the largest revenue share of over 1/3 market share by the end of the analysis period. The orange is a rich source of vitamins and minerals, which is a major factor to drive the segment growth. Furthermore, the increased shelf life due to the availability of a significant amount of alcohol is further anticipated to increase the orange use for citrus extracts.

By application, the carbonated soft drink segment is expected to hold the largest revenue share over the forecast period

On the basis of application, the market is segmented into carbonated soft drinks, fruit beverages, food, sports & energy drinks, and others. The carbonated soft drink segment dominated the global citrus extracts market in 2021 and accounted to hold a significant revenue share of over 1/3 of the global market. The increasing consumption of flavored carbonated soft drinks and the adoption of natural flavored soft drinks are some major factors driving the segment growth. Furthermore, the properties associated with the product such as better aroma, strong flavoring, and good nutritional value are further anticipated to fuel the food industry segment over the forecast period.

Citrus Extracts Market Growth

To know more about the research study, request sample papers

The citrus extracts comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The citrus extracts market research report presents the analysis of each segment from 2019 to 2028 considering 2021 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2022 to 2028.

Historical & Forecast Period

2019-20 – Historical Year
2021 – Base Year
2022-2028 – Forecast Period

Market Segmentation:

By Source:

Orange
Lemon
Lime
Grapefruit
Others

By Nature:

Organic
Conventional

By Form:

Powder
Liquid

By Application:

Carbonated Soft Drinks (CSDs)
Fruit Beverages
Food
Sports & Energy Drinks
Others

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Geographic Coverage:

Geographically, the citrus extracts market report comprises dedicated sections centering on the regional market revenue and trends. The citrus extracts market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The citrus extracts market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Citrus extracts market estimates have also been provided for the historical years 2019 & 2020 along with forecasts for the period from 2022 – 2028.

Competitive Assessment:

Some of the major market players operating in the global citrus extracts market are Botanic Healthcare, Global Essence, Kerry, Plantae Extracts Private Limited, and XENA BIOHERBALS PRIVATE LIMITED. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

Botanic Healthcare
Global Essence
Kerry
Plantae Extracts Private Limited
XENA BIOHERBALS PRIVATE LIMITED
Qingdao Vital Nutraceutical Ingredients BioScience Co., Ltd (VNI)
Citrus Extracts LLC.
Green Chem
Henry Lamotte Oils GmbH
CRODAROM SA
HUNAN HUACHENG BIOTECH INC.

Key Questions Answered by Citrus Extracts Market Report

Global citrus extracts market forecasts from 2022-2028
Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
Citrus extracts submarket forecasts from 2022-2028 covering the market by source, nature, form, application, and geography
Various industry models such as SWOT analysis, Value Chain Analysis about the market
Analysis of the key factors driving and restraining the growth of the global, regional, and country-level citrus extracts markets from 2022-2028
Competitive Landscape and market positioning of top 10 players operating in the market

Table of Content:

1. Preface

1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

2. Executive Summary

2.1. Global Citrus Extracts Market Portraiture
2.2. Global Citrus Extracts Market, by Source, 2021 (USD Mn)
2.3. Global Citrus Extracts Market, by Nature, 2021 (USD Mn)
2.4. Global Citrus Extracts Market, by Form, 2021 (USD Mn)
2.5. Global Citrus Extracts Market, by Application, 2021 (USD Mn)
2.6. Global Citrus Extracts Market, by Geography, 2021 (USD Mn)

3. Global Citrus Extracts Market Analysis

3.1. Citrus Extracts Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

4. Global Citrus Extracts Market By Source, 2019 – 2028 (USD Mn)

4.1. Overview
4.2. Orange
4.3. Lemon
4.4. Lime
4.5. Grapefruit
4.6. Others

5. Global Citrus Extracts Market By Nature, 2019 – 2028 (USD Mn)

5.1. Overview
5.2. Organic
5.3. Conventional

6. Global Citrus Extracts Market By Form, 2019 – 2028 (USD Mn)

6.1. Overview
6.2. Powder
6.3. Liquid

7. Global Citrus Extracts Market By Application, 2019 – 2028 (USD Mn)

7.1. Overview
7.2. Carbonated Soft Drinks (CSDs)
7.3. Fruit Beverages
7.4. Food
7.5. Sports & Energy Drinks
7.6. Others

8. North America Citrus Extracts Market Analysis and Forecast, 2019 – 2028 (USD Mn)

8.1. Overview
8.2. North America Citrus Extracts Market by Source, (2019-2028 USD Mn)
8.3. North America Citrus Extracts Market by Nature, (2019-2028 USD Mn)
8.4. North America Citrus Extracts Market by Form, (2019-2028 USD Mn)
8.5. North America Citrus Extracts Market by Application, (2019-2028 USD Mn)
8.6. North America Citrus Extracts Market by Country, (2019-2028 USD Mn)
8.6.1. U.S.
8.6.1.1. U.S. Citrus Extracts Market by Source, (2019-2028 USD Mn)
8.6.1.2. U.S. Citrus Extracts Market by Nature, (2019-2028 USD Mn)
8.6.1.3. U.S. Citrus Extracts Market by Form, (2019-2028 USD Mn)
8.6.1.4. U.S. Citrus Extracts Market by Application, (2019-2028 USD Mn)
8.6.2. Canada
8.6.2.1. Canada Citrus Extracts Market by Source, (2019-2028 USD Mn)
8.6.2.2. Canada Citrus Extracts Market by Nature, (2019-2028 USD Mn)
8.6.2.3. Canada Citrus Extracts Market by Form, (2019-2028 USD Mn)
8.6.2.4. Canada Citrus Extracts Market by Application, (2019-2028 USD Mn)

9. Europe Citrus Extracts Market Analysis and Forecast, 2019 – 2028 (USD Mn)

9.1. Overview
9.2. Europe Citrus Extracts Market by Source, (2019-2028 USD Mn)
9.3. Europe Citrus Extracts Market by Nature, (2019-2028 USD Mn)
9.4. Europe Citrus Extracts Market by Form, (2019-2028 USD Mn)
9.5. Europe Citrus Extracts Market by Application, (2019-2028 USD Mn)
9.6. Europe Citrus Extracts Market by Country, (2019-2028 USD Mn)
9.6.1. Germany
9.6.1.1. Germany Citrus Extracts Market by Source, (2019-2028 USD Mn)
9.6.1.2. Germany Citrus Extracts Market by Nature, (2019-2028 USD Mn)
9.6.1.3. Germany Citrus Extracts Market by Form, (2019-2028 USD Mn)
9.6.1.4. Germany Citrus Extracts Market by Application, (2019-2028 USD Mn)
9.6.2. U.K.
9.6.2.1. U.K. Citrus Extracts Market by Source, (2019-2028 USD Mn)
9.6.2.2. U.K. Citrus Extracts Market by Nature, (2019-2028 USD Mn)
9.6.2.3. U.K. Citrus Extracts Market by Form, (2019-2028 USD Mn)
9.6.2.4. U.K. Citrus Extracts Market by Application, (2019-2028 USD Mn)
9.6.3. France
9.6.3.1. France Citrus Extracts Market by Source, (2019-2028 USD Mn)
9.6.3.2. France Citrus Extracts Market by Nature, (2019-2028 USD Mn)
9.6.3.3. France Citrus Extracts Market by Form, (2019-2028 USD Mn)
9.6.3.4. France Citrus Extracts Market by Application, (2019-2028 USD Mn)
9.6.4. Spain
9.6.4.1. Spain Citrus Extracts Market by Source, (2019-2028 USD Mn)
9.6.4.2. Spain Citrus Extracts Market by Nature, (2019-2028 USD Mn)
9.6.4.3. Spain Citrus Extracts Market by Form, (2019-2028 USD Mn)
9.6.4.4. Spain Citrus Extracts Market by Application, (2019-2028 USD Mn)
9.6.5. Italy
9.6.5.1. Italy Citrus Extracts Market by Source, (2019-2028 USD Mn)
9.6.5.2. Italy Citrus Extracts Market by Nature, (2019-2028 USD Mn)
9.6.5.3. Italy Citrus Extracts Market by Form, (2019-2028 USD Mn)
9.6.5.4. Italy Citrus Extracts Market by Application, (2019-2028 USD Mn)
9.6.6. Rest of Europe
9.6.6.1. Rest of Europe Citrus Extracts Market by Source, (2019-2028 USD Mn)
9.6.6.2. Rest of Europe Citrus Extracts Market by Nature, (2019-2028 USD Mn)
9.6.6.3. Rest of Europe Citrus Extracts Market by Form, (2019-2028 USD Mn)
9.6.6.4. Rest of Europe Citrus Extracts Market by Application, (2019-2028 USD Mn)

10. Asia Pacific Citrus Extracts Market Analysis and Forecast, 2019 – 2028 (USD Mn)

10.1. Overview
10.2. Asia Pacific Citrus Extracts Market by Source, (2019-2028 USD Mn)
10.3. Asia Pacific Citrus Extracts Market by Nature, (2019-2028 USD Mn)
10.4. Asia Pacific Citrus Extracts Market by Form, (2019-2028 USD Mn)
10.5. Asia Pacific Citrus Extracts Market by Application, (2019-2028 USD Mn)
10.6. Asia Pacific Citrus Extracts Market by Country, (2019-2028 USD Mn)
10.6.1. China
10.6.1.1. China Citrus Extracts Market by Source, (2019-2028 USD Mn)
10.6.1.2. China Citrus Extracts Market by Nature, (2019-2028 USD Mn)
10.6.1.3. China Citrus Extracts Market by Form, (2019-2028 USD Mn)
10.6.1.4. China Citrus Extracts Market by Application, (2019-2028 USD Mn)
10.6.2. Japan
10.6.2.1. Japan Citrus Extracts Market by Source, (2019-2028 USD Mn)
10.6.2.2. Japan Citrus Extracts Market by Nature, (2019-2028 USD Mn)
10.6.2.3. Japan Citrus Extracts Market by Form, (2019-2028 USD Mn)
10.6.2.4. Japan Citrus Extracts Market by Application, (2019-2028 USD Mn)
10.6.3. India
10.6.3.1. India Citrus Extracts Market by Source, (2019-2028 USD Mn)
10.6.3.2. India Citrus Extracts Market by Nature, (2019-2028 USD Mn)
10.6.3.3. India Citrus Extracts Market by Form, (2019-2028 USD Mn)
10.6.3.4. India Citrus Extracts Market by Application, (2019-2028 USD Mn)
10.6.4. Rest of Asia Pacific
10.6.4.1. Rest of Asia Pacific Citrus Extracts Market by Source, (2019-2028 USD Mn)
10.6.4.2. Rest of Asia Pacific Citrus Extracts Market by Nature, (2019-2028 USD Mn)
10.6.4.3. Rest of Asia Pacific Citrus Extracts Market by Form, (2019-2028 USD Mn)
10.6.4.4. Rest of Asia Pacific Citrus Extracts Market by Application, (2019-2028 USD Mn)

11. Latin America (LATAM) Citrus Extracts Market Analysis and Forecast, 2019 – 2028 (USD Mn)

11.1. Overview
11.2. Latin America Citrus Extracts Market by Source, (2019-2028 USD Mn)
11.3. Latin America Citrus Extracts Market by Nature, (2019-2028 USD Mn)
11.4. Latin America Citrus Extracts Market by Form, (2019-2028 USD Mn)
11.5. Latin America Citrus Extracts Market by Application, (2019-2028 USD Mn)
11.6. Latin America Citrus Extracts Market by Country, (2019-2028 USD Mn)
11.6.1. Brazil
11.6.1.1. Brazil Citrus Extracts Market by Source, (2019-2028 USD Mn)
11.6.1.2. Brazil Citrus Extracts Market by Nature, (2019-2028 USD Mn)
11.6.1.3. Brazil Citrus Extracts Market by Form, (2019-2028 USD Mn)
11.6.1.4. Brazil Citrus Extracts Market by Application, (2019-2028 USD Mn)
11.6.2. Mexico
11.6.2.1. Mexico Citrus Extracts Market by Source, (2019-2028 USD Mn)
11.6.2.2. Mexico Citrus Extracts Market by Nature, (2019-2028 USD Mn)
11.6.2.3. Mexico Citrus Extracts Market by Form, (2019-2028 USD Mn)
11.6.2.4. Mexico Citrus Extracts Market by Application, (2019-2028 USD Mn)
11.6.3. Rest of Latin America
11.6.3.1. Rest of Latin America Citrus Extracts Market by Source, (2019-2028 USD Mn)
11.6.3.2. Rest of Latin America Citrus Extracts Market by Nature, (2019-2028 USD Mn)
11.6.3.3. Rest of Latin America Citrus Extracts Market by Form, (2019-2028 USD Mn)
11.6.3.4. Rest of Latin America Citrus Extracts Market by Application, (2019-2028 USD Mn)

12. Middle East and Africa Citrus Extracts Market Analysis and Forecast, 2019 – 2028 (USD Mn)

12.1. Overview
12.2. MEA Citrus Extracts Market by Source, (2019-2028 USD Mn)
12.3. MEA Citrus Extracts Market by Nature, (2019-2028 USD Mn)
12.4. MEA Citrus Extracts Market by Form, (2019-2028 USD Mn)
12.5. MEA Citrus Extracts Market by Application, (2019-2028 USD Mn)
12.6. Middle East and Africa Citrus Extracts Market, by Country, (2019-2028 USD Mn)
12.6.1. GCC
12.6.1.1. GCC Citrus Extracts Market by Source, (2019-2028 USD Mn)
12.6.1.2. GCC Citrus Extracts Market by Nature, (2019-2028 USD Mn)
12.6.1.3. GCC Citrus Extracts Market by Form, (2019-2028 USD Mn)
12.6.1.4. GCC Citrus Extracts Market by Application, (2019-2028 USD Mn)
12.6.2. South Africa
12.6.2.1. South Africa Citrus Extracts Market by Source, (2019-2028 USD Mn)
12.6.2.2. South Africa Citrus Extracts Market by Nature, (2019-2028 USD Mn)
12.6.2.3. South Africa Citrus Extracts Market by Form, (2019-2028 USD Mn)
12.6.2.4. South Africa Citrus Extracts Market by Application, (2019-2028 USD Mn)
12.6.3. Rest of MEA
12.6.3.1. Rest of MEA Citrus Extracts Market by Source, (2019-2028 USD Mn)
12.6.3.2. Rest of MEA Citrus Extracts Market by Nature, (2019-2028 USD Mn)
12.6.3.3. Rest of MEA Citrus Extracts Market by Form, (2019-2028 USD Mn)
12.6.3.4. Rest of MEA Citrus Extracts Market by Application, (2019-2028 USD Mn)

13. Company Profiles

13.1. Botanic Healthcare
13.1.1. Business Description
13.1.2. Financial Health and Budget Allocation
13.1.3. Product Positions/Portfolio
13.1.4. Recent Development
13.1.5. SWOT Analysis
13.2. Global Essence
13.2.1. Business Description
13.2.2. Financial Health and Budget Allocation
13.2.3. Product Positions/Portfolio
13.2.4. Recent Development
13.2.5. SWOT Analysis
13.3. Kerry
13.3.1. Business Description
13.3.2. Financial Health and Budget Allocation
13.3.3. Product Positions/Portfolio
13.3.4. Recent Development
13.3.5. SWOT Analysis
13.4. Plantae Extracts Private Limited
13.4.1. Business Description
13.4.2. Financial Health and Budget Allocation
13.4.3. Product Positions/Portfolio
13.4.4. Recent Development
13.4.5. SWOT Analysis
13.5. XENA BIOHERBALS PRIVATE LIMITED
13.5.1. Business Description
13.5.2. Financial Health and Budget Allocation
13.5.3. Product Positions/Portfolio
13.5.4. Recent Development
13.5.5. SWOT Analysis
13.6. Qingdao Vital Nutraceutical Ingredients BioScience Co., Ltd (VNI)
13.6.1. Business Description
13.6.2. Financial Health and Budget Allocation
13.6.3. Product Positions/Portfolio
13.6.4. Recent Development
13.6.5. SWOT Analysis
13.7. Citrus Extracts LLC.
13.7.1. Business Description
13.7.2. Financial Health and Budget Allocation
13.7.3. Product Positions/Portfolio
13.7.4. Recent Development
13.7.5. SWOT Analysis
13.8. Green Chem
13.8.1. Business Description
13.8.2. Financial Health and Budget Allocation
13.8.3. Product Positions/Portfolio
13.8.4. Recent Development
13.8.5. SWOT Analysis
13.9. Henry Lamotte Oils GmbH
13.9.1. Business Description
13.9.2. Financial Health and Budget Allocation
13.9.3. Product Positions/Portfolio
13.9.4. Recent Development
13.9.5. SWOT Analysis
13.10. CRODAROM SA
13.10.1. Business Description
13.10.2. Financial Health and Budget Allocation
13.10.3. Product Positions/Portfolio
13.10.4. Recent Development
13.10.5. SWOT Analysis
13.11. HUNAN HUACHENG BIOTECH INC.
13.11.1. Business Description
13.11.2. Financial Health and Budget Allocation
13.11.3. Product Positions/Portfolio
13.11.4. Recent Development
13.11.5. SWOT Analysis

Fill the given form to inquiry before buying for Global Citrus Extracts Market Size, Share, Trends, Industry Growth by Source (Orange, Lemon, Lime, Grapefruit, and Others), by Nature (Organic, Conventional), By Form, by Application, by Region, and Forecast to 2028 Market Report

(Additional country analysis and conmapny analysis will be added according to the request, we provide free report customization)
(Report covers the impact of COVID-19 on the market)

Request Report Sample

Inquiry Before Buying

Schedule a Call

Select License Type

$ 3800/- Single User License
$ 5200/- Multi User License
$ 6995/- Corporate License