Citrus Seeds Market to grow at 6.3% CAGR through 2021- 2031

In its new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights about key factors driving the demand for citrus seeds. The report tracks the global sales of citrus seeds in 20+ high-growth markets, along with analyzing the impact COVID-19 has had on the food and beverage industry in general, and citrus seeds in particular.

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Citrus seed is becoming popular among the vegan population as it is plant based and has high amount of vitamin C and vitamin K, which are immunity boosters. Citrus seed also contains vitamin B12 group and magnesium which help in faster recovery from any infection. A surge in demand is seen from cosmetic and personal care sector owing to collagen boosting properties of citrus seed extracts and increasing customer preference towards organic and natural skincare products. Citrus seed is considered a rich source of folic acid and ascorbic acid along with no cholesterol, no sodium and no fat. Such healthy properties of extracts have made citrus seed oil extremely popular among fitness enthusiasts.

According to report published in 2016 by Food and Drug Administration, a GRAS notice was passed stating that glycerin citrus extract is safe for human consumption. Increasing participation among market players towards researching and developing new citrus extracts will further fuel the market growth.

“Research has indicated that the citrus seed oil is beneficial for cardiovascular complications and skin lubrication as it has low sugar and fat content. Increasing demand of citrus seed oil in medication and cooking purpose will give tailwinds to the demand registered in the market,” says the FMI analyst

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Increasing consumer awareness about food safety has been driving the consumption of essential ingredients, which are critical for regulating body metabolism and digestion. With emergence of the clean label movement, the demand for natural and nutritional food products has soared, and propelled the inclusion of pectin across several product ranges in the food & beverage sector. Meanwhile, discordant laws in developed markets such as the U.S. have prohibited the use of certain ingredients as food additives due to their hazardous nature. Over the years, extensive scientific research and studies have catapulted the status of citrus fruits and their by-products as healthy and natural and alternatives for the synthetic products that are available in the market.

Key Takeaways

• Brazil is anticipated to offer lucrative growth opportunities owing to availability of optimal climate conditions for citrus fruits production and increasing tourist footfall.
• Adoption of modern technology in Japan for producing high quality citrus seed oils will have positive influence on growth.
• India with more than 25% of the APEJ citrus seed market share is anticipated to emerge as a lucrative market over the assessment period on the back of increasing demand for organic liver detoxification and blood purification products.
• Rising customer inclination towards healthy eating habits will enable market expansion in the U.S. during the forecast period.
• Increasing demand for plant-based food and supplements among the population in South Africa will act as a key driver for citrus seed market growth.

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Competitive Landscape

Some of the key players operating in the citrus seeds market are Citrosuco S.A., Louis Dreyfus Company B.V., Yantai North Andre Juice Co. Ltd., Sucocitrico Cutrale Ltd., Citromax Group,Presque Isle Wine Cellars Peace River Citrus Products, Parchem Trading Ltd, Rio Grande Juice Company, Vita-Pakt Citrus Products, Panteley Toshev Ltd, Tangshan Eusa Colors Int'l Group and Lemon Concentrate S.L.

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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth.

This release was published on openPR.