The global citrus extract market size accounted for USD 1,834 million in 2024 and is expected to exceed around USD 3,045 million by 2034, growing at a CAGR of 5.2% from 2024 to 2034.
The citrus extract market deals with the production and sale of extract derived from fruits such as oranges, mandarins, lime, and lemons, which contain citric acid. These extracts have long been used for a variety of purposes, including food flavoring, weight loss, and health concerns. The market for citrus extracts is characterized by a dynamic environment, with notable trends impacting its anticipated growth. Due to consumers' increasing need for natural and wholesome ingredients, citrus extracts are becoming more and more common in numerous industries. The growing prevalence of chronic illnesses has also raised consumer demand for functional foods and beverages that contain citrus extracts, which have anti-inflammatory and antioxidant properties. Citrus extract market growth is primarily driven by the expanding nutraceuticals market, the growing trend of citrus-flavored goods, and the growing demand for natural and organic components in food and drinks.
Nevertheless, the market for citrus extracts is expected to be constrained by the occurrence of natural disasters and climate changes during citrus fruit cultivation, while the market's expansion may be threatened by a lack of knowledge about digitization. Despite this, the future of the industry looks promising with rising health-centric trends, growth in the beverage industry, and a growing demand for natural ingredients. These factors are expected to propel growth in the citrus extract market in the coming years.
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| Stats ID: | 7078 |
| Format: | Databook |
| Published: | December 2024 |
| Price | US$ 1550 |
Immediate Delivery
| Stats ID: | 7078 |
| Format: | Databook |
| Published: | December 2024 |
| Price | US$ 1550 |
Immediate Delivery
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