Citrus Flavors Market Estimated to Expand at a Robust CAGR 5% over 2020 - 2030

With consumers on the “health comes first” spree, the food and beverage sector is into the immunity-centric mode. Along these lines, ingredients boasting of immunity claims like probiotics, moringa, turmeric, and elderberries are expected to rule the food and beverages market between 2021 and 2031.

The other factor to be ponder about would be tech-enabled transparency i.e. rising interest of the consumers in the origin of foods they are ordering. Inclination towards plant-based products is another trend catching up.

The global citrus flavors market is expected to reach ~US$ 2 Bn by 2019-end, expanding at a CAGR of ~5% during the forecast period of 2019-2029.

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Key Takeaways from Citrus Flavor Market Study

New trends and applications for citrus flavors are diverse and include a resurgence in the flavored alcoholic beverages sector, savory snacks, sweet goods, dairy products, and others.

Growing economic and political stability, increasing urbanization, sprung in the number of working population, and rapidly developing infrastructure across the Asia Pacific and Latin America regions signify high growth prospects of the citrus flavor market.

The establishment of efficient supply chain management and distribution channels is ensuring the availability of a wide range of citrus flavors in developing economies that further add to the growth potential of the market in these regions.

The sweet, sour, and refreshing taste, as well as richness in vitamins and nutritional values of citrus flavors are likely to account for the greater gains in the market.

The consumption of citrus flavors for alcoholic beverages is expected to account for relatively high sales, in the view of increasing customer demand for exotic and adventurous tastes.

PMR predicts that the demand for natural citrus flavor will increase with a striking CAGR of ~ 5% through 2019.

Diseases and infections on citrus plants such as citrus greening, sapling wilt, and others, are expected to represent potential threat to the steady growth of the market.

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“Citrus flavors are considered a valuable ingredient in food and beverage industries due to their enriched benefits for imparting a natural taste & flavor to the final product. New trends and diverse applications of citrus flavors, especially in the flavored alcoholic beverages including fine spirits and malted beverages categories are being observed in the recent times,” says a PMR analyst.

As F&B industry go natural and organic, companies operating in the citrus flavors market are focused on innovation and investments in R&D activities, with the aim of offering high-quality products to food and beverage manufacturers

Manufacturers are also targeted towards expanding production facilities and entering into strategic alliances/partnerships with regional flavor and food manufacturers to increase their profit margin and achieve a stronger global footprint.

Persistence Market Research, in its new offering, presents an unbiased analysis of the global citrus flavors market, offering historical demand data (2014-2018) and estimation statistics for the period of 2019-2029.

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Persistence Market Research, in its new offering, presents an unbiased analysis of the global citrus flavors market, offering historical demand data (2014-2018) and estimation statistics for the period of 2019-2029. The study reveals comprehensive insights on the citrus flavor market, on the basis of type (orange, lemon, lime, grapefruit, and others), nature (natural, artificial), application (beverages, savory, sweet goods, dairy, and others), and region (North America, Latin America, Europe, South Asia, East Asia, Oceania, Middle East & Africa).

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Encapsulated Flavors Market: https://www.persistencemarketresearch.com/market-research/encapsulated-flavors-market.asp

Natural And Organic Flavors Market: https://www.persistencemarketresearch.com/market-research/natural-and-organic-flavors-market.asp

Food Flavors Market: https://www.persistencemarketresearch.com/market-research/food-flavors-market.asp

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This release was published on openPR.