Citrus Extract Market By Regions, Type and Application with Sales and Revenue Analysis Forecast to 2029

Market Analysis and Insights of Global Citrus Extract Market
Citrus extract market size is valued at USD 8.24 billion by 2028 and is expected to grow at a compound annual rate of 4.50% in the forecast period 2021 to 2028. The rapid shift towards healthy lifestyle supported by rising awareness regarding health and nutrition is the factor for the citrus extract market in the forecast period of 2021 to 2028.

Citrus extract is a strong flavored extract from a variety of citrus fruits such as lemon, orange, lime, grapes and more. The citrus extract generally imparts aroma and flavor and is generally used in bakery, dairy products, sausages, seasonings, confectionary, tea, smoothies, shakes and several other products in food and beverage industry.

The major growing factor towards citrus extract market is the growing consumer inclination towards natural food ingredients due to their huge health benefits. The prime factor driving the demand for citrus extract is the various benefits proffered by citrus extracts such as boosting immunity, treating constipation and maintaining healthy skin. Furthermore, the increasing demand for natural extracts in food and beverage products with high nutritional value is also heightening the overall demand for citrus extract market over the forecast period of 2021 to 2028. Moreover, the consumers are demanding for sustainable, eco-friendly, natural and an organic product which also serves as a foremost driver for increasing the demand for citrus extract market at a global level. In addition, the high disposable income, increasing population as well as the various end users prefer for bio-based and natural ingredients over synthetic ingredients which are also lifting the growth of the citrus extract market.

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Market Scope and Global Citrus Extract Market
The major players covered in the citrus extract report are CITROMAX, McCormick & Company, Inc., LIONEL HITCHEN, Southern Flavoring Company, Inc., Nielsen-Massey Vanillas, Inc., Döhler GmbH, Watkins Inc, THE SPICE HUNTER, INC., Kerry Inc., OliveNation, Ultra International B.V., Lebermuth, Inc., Symrise, Apara International, Cifalherbal, Active Concepts LLC, Citrus and Allied Essences Ltd., S.A. Herbal Bioactives LLP, Orgenetics, Inc., and THE VINCENT CORPORATION among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provide competitive analysis for each competitor separately.

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Citrus Extract Market Country Level Analysis
Citrus extract market is analyses and market size, volume information is provided by country, source, nature, form, distribution channel and application as referenced above.
The countries covered in the citrus extract market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America leads the citrus extract market because of the growing consumer awareness regarding health and nutrition along with the attentiveness of various end users in this particular region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to the rising number of citrus trees and high consumption of the product amongst individuals within this region.

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