Citrus extract market is anticipated to grow at a significant CAGR of 8.1% during the forecast period (2024-2031). The market growth is attributed to pivotal factors such as rising application in carbonated soft drinks, fruit drinkables, sports & energy drinks, food, and citrus acting as a strong seasoning agent in bakery items and food & beverages, as an immunity booster, maintaining healthy skin are anticipated to emerge driving the growth of the market. According to the World Citrus Organization (WCO), in November 2023, the annual citrus forecast for the coming season in the Northern Hemisphere (2023-24). The prediction is based on information from the US, Egypt, Greece, Israel, Italy, Morocco, Spain, Tunisia, and Turkey. This year, the Forecast shows that citrus production is projected to reach Tons which represents a 12.2% increase compared to the previous peak low season.
Browse the full report description of “Citrus Extract Market Size, Share & Trends Analysis Report by Product (Orange, Lemon, Grapefruit, and Others), by Form (Powder and Liquid), and by Application (Food & beverages, Pharmaceuticals, Dietary Supplements, Personal Care and Others) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/citrus-extract-market
The 2023/2024 forecast is 1.48 higher than normal for the last 4 seasons. The growing consciousness among people towards the injurious effect of artificial synthetic coloring and seasoning agents on health led to the increased demand for using natural coloring and flavor constituents in foods and drinkables, similar as soft drinks, confectionary, herbal tea, and packaged fruit drinks, owing to their nutritious and health benefits has increased the demand for the product.
Recent Developments
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Product
o By Form
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- Archer-Daniels-Midland Co., Cargill, Inc., Kerry Group, and Symrise AG, among others.
Key questions addressed by the report.
Global Citrus Extract Market Report Segment
By Product
By Form
By Application
Global Citrus Extract Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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