Citrus Peel Extract Market Size, Trends And Worldwide Outlook To 2025

Global Citrus Peel Extract Market: Overview

The global citrus peel extract market is prognosticated to witness an exponential surge in demand due to the change in lifestyle of the consumers.

Rapid urbanization has helped the penetration of chemical ingredients in the food and beverages as well as in healthcare products.

Rising awareness among consumers regarding the negative impact that these chemical ingredients on one’s health is bolstering the demand for herbal and organic product. The citrus peel extract in recent times has gained huge popularity due to the benefits that can be found in it.

The citrus peel extract has been known to be used extensively in the food and beverages industry. The citrus peel extract finds its application in bakery, dairy, confectionary, sausages and seasonings.

Beverages, teas, and smoothies. The rise in bakery and confectionary industries particularly in North America and Europe has triggered the growth of the citrus peel extract market.

Citrus peel extract market which acts as a natural flavoring agent is known to be used in the production of cakes, pastries, and candies.

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Rising concern in one’s appearance across the world is promoting the growth of personal care market throughout the world. Citrus peel extract is used in personal care products as it has certain nutrients which are known to cleanse the oil from skin.

Citrus peel extract is also found to be one of the major ingredient in the pharmaceutical world, as it used extensively in producing drugs.

Citrus Peel Extract Market Outlook

Along with the benefits of biotechnology, innovation and scientific improvements, people are also shifting their preferences towards natural ingredients, as synthetic chemicals used in food are increasingly finding their way in the dictionary of ‘harmful and long-term side effects’.

As an alternative, herbal extracts and organic ingredients have become popular for the same reason. Citrus peel extract is traditionally known to have multiple uses for the household, for example as a flavoring agent in food, cleaning agent for kitchen equipment and also as an ailment for bone health, promotion of weight loss, etc.

As the functional ingredient market is growing at double digit, citrus peel extract market also witnesses a concurrent growth.

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The citrus peel is a source of abundant pectin, a highly valued flavonoid. In 2017, CP Kelco, a manufacturer of specialty hydrocolloids, expanded its pectin peel processing facility in Brazil.

In 2015, the pectin production exceeded 60,000 tons globally. Around 45-60% of the citrus fruit is discarded as waste and considering the abundant amount of pectin found in this waste, manufacturers are strategizing to expand the portfolio and of citrus peel products, which is an impacting factor driving the growth of citrus peel extract market.

Citrus Peel Extract Market: Reasons for covering this title

As more and more consumers are demanding sustainable and eco-friendly products, manufacturers are compelled to manufacture products that cater to these demands.

Apart from consumer demand, the citrus peel extract is a highly profitable product due to its multi-benefits in the food & beverage, personal care and pharmaceutical industry, which is a strong driver fuelling the growth of the citrus peel extract market. Consumer demand for organic and natural products is further supporting the growth of citrus peel extract market.

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Also, the regions with high production of citrus fruits such as Africa and South Asia are strategically expanding their citrus products portfolio due to easy resource availability, boosting the growth of the citrus peel extract market.

Global Citrus Peel Extract: Market Segmentation

On the basis of form, the citrus peel extract market is segmented as-

Oil
Powder
On the basis of fruit, the citrus peel extract is segmented as-

Orange
Lime
Lemon
Grapefruit
Others

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On the basis of end-use, the citrus peel extract is segmented as-

Pharmaceutical
Food industry
Confectionary
Sports nutrition
Bakery
Dairy
Sauces & seasonings
Beverages
Teas
Smoothies
Personal care
Dietary supplements
Others (institutions)

Global Citrus Peel Extract Market: Key Players

Some of the key players operating in the global citrus peel extract market are Phyto Life Sciences P. Ltd., Cifal Herbal Private Ltd, Ultra International B.V., Merck KGaA, IRIMAR S.L., Vee Kay International, Argenti Lemon S.A, Vincent Corporation, Apara International, All thing Citrus, Kanegrade Ltd., RUNHERB INC, Orgenetics, Inc., S.A. Herbal Bioactives LLP, Active Concepts LLC, NOW foods Inc. and among others.

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This release was published on openPR.