Citrus Extracts Market is expected to reach USD 10.7 billion by 2030

Report Overview
Global Citrus Extracts Market reached USD 7.1 billion in 2022 and is expected to reach USD 10.7 billion by 2030 growing with a CAGR of 5.3% during the forecast period 2023-2030.

Citrus extracts are highly prized for their natural flavor, aromatic qualities, and numerous health benefits. The peel and extracts derived from citrus fruits, belonging to the Rutaceae family, are particularly rich in flavonoids, imparting valuable health-enhancing properties. Despite the widespread industrial processing of citrus fruits globally, a significant challenge arises from the substantial waste generated during the extraction process. This waste, primarily composed of thick, inedible peel and large inedible seeds, constitutes around 40% to 50% of the total fruit mass.

Flavonoids, the biologically active substances found abundantly in citrus peel, are crucial for promoting human health. The total flavonoid content (TFC) is primarily comprised of flavanones and polymethoxylflavones (PMFs), with notable examples including naringin, hesperidin, narirutin, nobiletin, and neohesperidin. Citrus unshiu peel, for instance, is distinguished by its high quercetagetin content, while anthocyanin is exclusive to blood oranges.

Flavonoids present in citrus peel are recognized as excellent sources of dietary antioxidants. These compounds play a vital role in cell protection through mechanisms such as hydrogen transfer, free radical scavenging, and divalent metal ion chelation. In essence, citrus extracts not only contribute to the delightful taste and aroma of various products but also offer a treasure trove of health-promoting compounds, making them a valuable asset in the food and health industries.

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Market Dynamics

The Surge in Global Market Trends Driven by Increasing Demand for Natural Ingredients

The global market is experiencing significant trends, propelled by the escalating demand for natural ingredients, particularly in the context of the thriving organic food sector. The organic food market is witnessing consistent growth on a global scale, with consumers increasingly recognizing the benefits of organic products. The latest FiBL survey on organic agriculture worldwide reveals a notable expansion of organic farmland and continued growth in organic retail sales across 187 countries.

Organic foods, often associated with being more natural and free from synthetic chemicals, contribute to the rising demand for natural ingredients, and citrus extracts are a noteworthy component in this trend. The growing emphasis on health and wellness is a driving force behind consumer preferences for products perceived as healthier and more beneficial. Natural ingredients, such as citrus extracts renowned for their vitamin C content and antioxidants, align seamlessly with this health-focused inclination.

The consumer shift towards health-conscious choices is also evident in concerns about artificial additives and preservatives present in food and personal care products. As a result, there is a discernible trend among consumers to actively seek alternatives crafted with natural ingredients. This surge in demand for natural components, exemplified by citrus extracts, is contributing significantly to shaping the current global market landscape.

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Market Segmentation
By Type
Lemon
Orange
Grapefruit

By Application
Carbonated Soft Drinks
Light Food

Market Key Players

Major players are XENA BIOHERBALS PRIVATE LIMITED, Qingdao Vital Nutraceutical Ingredients BioScience Co., Botanic Healthcare, HUNAN HUACHENG BIOTECH INC., Plantae Extracts Private Limited, Green Chem, Henry Lamotte Oils GmbH, Global Essence, CRODAROM SA, and Kerry.

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