Orange Extract Market Reach to USD 864.64 Million With CAGR 5.05% By Year 2028 - Report Research By IMR

Market Overview:

The Global Orange Extract market was estimated at USD 612.44 million in 2021 and is anticipated to reach USD 864.64 million by 2028, growing at a CAGR of 5.05%.

Orange extract is defined as the processed form of orange peels, which is used as a food flavorant by enhancing the traditional orange flavor. Orange extract is generally produced from orange essential oil and an adequate amount of alcohol to increase its shelf life. Due to its exotic fragrance, the range extract also finds remunerative applications in the cosmetics and personal care industries, along with food and beverages. Orange extract is a highly concentrated flavoring, which enables its abundant industrial application. However, the orange extract is also expected to be used for in domestic purposes during the forecast period.

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Market Dynamics:

Driver:
The demand for fruity flavors such as orange extract in processed food has grown speedy and continues to expand at a substantial rate, globally. There is a rising preference for ready-to-eat/ready-to-drink) and snacks help to the higher demand for exotic fruit flavoring. The encapsulation of such tropical fruit flavors to existing processed food continues to be one of the major strategies that are being adopted by the leading producers of processed foods to attract consumers, as such, turning the global orange extract market.

Opportunities:
The growing world population is leading to the increased consumption of food and beverage products, which, in turn, will result in growth in the flavoring industry, due to its varied applications in dessert, bakery, confectionery, and beverage products, eventually raising the demand for orange extract in the global market. Orange extract is a high source of vitamin C, and its medicinal properties make it superior for usage and proper solution for various health problems, which increases the demand for orange extract in the pharmaceutical industry. The maximum demand for natural flavoring agents is one of the main reasons for rising the demand for orange extract.

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The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis
• SWOT Analysis

Market Segmentation

Segmentation Analysis of Orange Extract Market:
Based on Nature, the organic segment held the maximum share in the market due to the extension to the growing utilization of organic products among consumers over the globe. A universal health consciousness as consumers supports more natural and chemical-free products.

Based on the Application, the food and beverage segment is anticipated to expand at the largest market growth during the forecast period due to raised investigation in the food & beverage.

Based on the Form, the liquid segment is accounted for the maximum market share during the forecast period. Gaining popularity for the cold drinks, and good handling packaging materials.

Based on the Distribution Channels, the supermarket/hypermarket channel segment is expected to register the maximum share during the forecast period.

By Form
• Powder
• Liquid

By Nature
• Organic
• Conventional

By Application
• Food and Beverages
• Cosmetics
• Pharmaceuticals

By Distribution Channel
• Hypermarket/Supermarket
• Specialty Store
• Drug Store
• Others

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Regional Analysis of Orange Extract Market:
In 2019, North America developed as the largest regional market for orange extracts in terms of revenue, holding a market share. The market in North America is driven by consumer consciousness about health and nutrition, along with the concentration of end-users, such as Nestlé S.A., Coca-Cola, PepsiCo, Inc., and AB InBev.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Players Covered in Orange Extract Market are:
• Döhler GmbH
• RC Fine Foods Inc.
• McCormick & Company Inc.
• Jacksonville Mercantile
• OliveNation
• ADM
• Nielsen-Massey Vanillas Inc.
• DONGYU USI
• Xian Yuensun Biological Technology Co.Ltd
• Shaanxi Guanjie Bio-technology Co. Ltd.
• Amoretti and other Major Players.

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Key Industry Developments of Orange Extract Market
In Feb 2019, McCormick & Company, Incorporated global leader in flavor, and IBM publicly declared their ongoing research partnership to pioneer the application of artificial intelligence (AI) for flavor and food product development.

Report includes Competitor's Landscape:
• Major trends and growth projections by region and country
• Key winning strategies followed by the competitors
• Who are the key competitors in this industry?
• What shall be the potential of this industry over the forecast tenure?
• What are the factors propelling the demand for the Action Figures And Statues?
• What are the opportunities that shall aid in significant proliferation of the market growth?
• What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures And Statues?
• How has the covid-19 impacted the growth of the market?
• Has the supply chain disruption caused changes in the entire value chain?

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