The citrus extract is a strongly flavored extract from various citrus fruits such as orange, lime, lemon, grapes and more. The citrus extract usually imparts aroma and flavor, so is widely used in bakery, sausages, seasonings, dairy products, confectionary, tea, smoothies, shakes and various other products in food and beverage industry. Citrus extract acts as a natural flavoring agent which is used in the production of candies, cakes and pastry, chocolates, drink mix and alcoholic beverages. The citrus extract is also used for manufacturing skin care and hair care products in the production of lotion, creams, face wash, face packs, shampoo and conditioners.
Global Citrus Extract Market: Key Players
The research study includes profiles of leading companies operating in the global Citrus Extract market. Key players profiled in the report include: Cifal Herbal Private Ltd, Ultra International B.V., NFC Industry Co. Ltd., Olive Nation LLC., Vee Kay International, Vincent Corporation, Apara International, Nevada Pharma LLC, All thing Citrus, and Argenti Lemon S.A
These players have a strong geographical presence with large production plants, high investment capacities, and a well-established supply chain.
Drivers for the Global Citrus Extract Market:
Increase in the demand of sustainable, eco-friendly, natural, and organic products are the major driver responsible for the growth of citrus extracts market. Wide array of application of citrus extract, such as immunity booster, detoxifier, curs constipation, and also helps in maintaining skin which enhances its demand across the globe. It also helps in maintaining good health as a result of its properties as antidepressants, antiseptic, anti-inflammatory, sedative, carminative and other. Further, it is widely used in lowering cholesterol, diabetic patients as it supports healthy glucose metabolism.
Opportunities for the Global Citrus Extract Market:
Increasing consumer awareness and educational marketing about the wide range of benefits of citrus extract can create huge opportunities for this market in near future. Due to the COVID-19 pandemic, the demand for Citrus Extract has been increasing drastically in the medical & healthcare industry which will help this market to grow at a pace globally in coming years.
Restrains for the Global Citrus Extract Market:
Natural calamities and climatic fluctuations can negatively impact plant cultivation which can hinder the growth of citrus extract market.
Region Wise, Global Citrus Extract Market Analysis:
North America held maximum share in the citrus extract market because of the rising awareness of benefits of citrus extract products. Furthermore, growing consumer inclination towards natural and bio-based flavoring agents helps this region to grow at significant rate. Europe followed by North America shows noteworthy value in citrus extract market. Asia Pacific region is expected to grow at a high CAGR rate because of the increasing demand of citrus extract products in countries like, India, China, and Japan.
Covid-19: Impact and Recovery Analysis for Global Citrus Extract Market:
The world is greatly affected by the uncertain raise of the covid-19 Pandemic among the population. The Corona virus outbreak has disrupted & disturbed every sector of business as well as human activity. In most parts of the world there has been a complete restriction set by governments regarding various activities and in turn this is greatly affecting the financial stability of industries. With Covid-19 infections raising globally, the apprehension regarding a shortage of essential life-saving devices and other essential medical supplies in order to prevent the spread of this pandemic and provide optimum care to the infected also widen. The forecast analysis of the Citrus Extract market exhibits a promising value globally due to its diverse characteristics. Due to the COVID-19 pandemic, the demand for Citrus Extract has been increasing drastically in the medical & healthcare industry. Citrus Extract has gained significant attention and is applied in the healthcare facilities during the COVID-19 pandemic to prevent the spread of HAIs.
Global Citrus Extract Market: Product analysis
Global Citrus Extract Market: Application analysis
- Dietary supplements
- Food Industry
- Personal Care
Global Citrus Extract Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East