Citrus Fiber Market Growth Trajectory: Reaching $550M by 2032

Fact.MR, a leading provider of market research and competitive intelligence, has estimated that the global Citrus Concentrate Market will reach a valuation of US$ 8,978.2 million in 2024. Projections indicate a steady growth trajectory, with a Compound Annual Growth Rate (CAGR) of 5.3% expected through 2034. By this time, the market is anticipated to surpass a valuation of US$ 15,107.3 million.

The rising global temperatures have led to an increased demand for cooling beverages, driving the demand for citrus concentrate. Additionally, citrus concentrate finds applications in various food industry products, particularly those experiencing peak demand during the summer months, such as ice creams and syrups. Consequently, the summer period emerges as the most productive period of growth for the citrus concentrate market.

𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.factmr.com/connectus/sample?flag=S&rep_id=9271

𝐆𝐫𝐨𝐰𝐭𝐡 𝐓𝐫𝐞𝐧𝐝𝐬:
Health Conscious Consumers: Increasing awareness of the health benefits of citrus fruits and their derivatives, such as concentrates, among consumers seeking natural and nutritious food and beverage options.

Demand for Natural Ingredients: Growing preference for natural and clean label products, driving the demand for citrus concentrates as natural flavoring and ingredient alternatives in various food and beverage applications.

Expanding Food and Beverage Industry: Rapid growth in the food and beverage industry, particularly in emerging markets, leading to increased incorporation of citrus concentrates in products like juices, soft drinks, desserts, and sauces.

Convenience and Long Shelf Life: Citrus concentrates offer convenience and longer shelf life compared to fresh citrus fruits, making them attractive options for manufacturers and consumers alike, especially in regions with limited access to fresh produce.

Innovative Product Development: Ongoing innovations in processing techniques and product formulations, leading to the development of new and improved citrus concentrate products with enhanced flavor profiles, nutritional content, and application versatility.

Globalization and Trade: Increasing globalization and international trade facilitating the distribution and accessibility of citrus concentrates across different regions, thereby expanding the market reach and stimulating growth opportunities.

Rising Demand in Foodservice Sector: Growing demand for citrus concentrates in the foodservice sector, driven by the need for cost-effective ingredients and flavorings for use in restaurants, cafes, and catering services.

Functional and Health-Enhancing Properties: Research highlighting the functional and health-enhancing properties of citrus bioactive compounds, such as antioxidants and vitamins, driving their incorporation into functional food and beverage products, further boosting the demand for citrus concentrates.

Sustainability and Environmental Concerns: Increasing focus on sustainable sourcing practices and environmental concerns driving the adoption of environmentally friendly production methods and supply chain practices in the citrus concentrate industry, appealing to eco-conscious consumers and businesses.

Diversification of Product Offerings: Diversification of citrus concentrate product offerings to cater to changing consumer preferences and emerging market trends, including organic, non-GMO, and specialty citrus concentrates, expanding the market's appeal and consumer base.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐭𝐮𝐝𝐲
• The global citrus concentrate market is projected to expand at a CAGR of 5.3% through 2034.
• The East Asia citrus concentrate market is expected to grow at a CAGR of 5.8% through the period from 2024 to 2034.
• The citrus concentrate industry is expected to register a CAGR of 6.3% in Japan over the forecast period.
• The citrus concentrate industry in China is expected to rise at a CAGR of 5.6% through 2034.
• Food & beverage end-use leads the market, with an expected market share of 35.98% in 2024.

"Citrus concentrates are finding increasing application in alcoholic beverages. Through cocktails and other drinks, alcohol drinkers have developed a pallet for citrus. Citrus concentrate is being used in beers, vodkas, and other alcoholic beverages. The use of citrus concentrate in the alcohol sector is filled with promise for the market" says a Fact.MR analyst.

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝
• Givaudan SA
• International Flavors & Fragrances, Inc.
• Symrise AG
• ALG Juices Pty Ltd
• Sensient Technologies Corporation
• Takasago International Corporation
• Firmenich SA
• Döhler
• Kerry Group
• Archer Daniels Midland Company
• Mane Group
• R.C. Treatt & Co. Ltd
• Trilogy Ingredients, Inc
• Lionel Hitchen Limited
• Citromax Flavors
• Flavor Producers, LLC

Some of the recent developments in the market are:
• In October 2023, Heüra Foods introduced the York Ham Style cold cuts, with lemon juice concentrate as one of the main ingredients in the plant-based meat.
• In March 2023, McDonald's Canada launched the Fruit Splash range of drinks, containing lemon juice extract.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐂𝐢𝐭𝐫𝐮𝐬 𝐂𝐨𝐧𝐜𝐞𝐧𝐭𝐫𝐚𝐭𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡
• By Form:
o Dry
o Liquid

• By End Use:
o Food & Beverage Industry
o Pharmaceuticals
o Nutraceuticals
o Personal Care & Cosmetics
o Others

• By Source:
o Orange
o Lemon & Lime
o Grapefruit
o Tangerine
o Others

• By Nature:
o Organic
o Conventional

• By Region:
o North America
o Europe
o Latin America
o East Asia
o South Asia & Oceania
o Middle East & Africa

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞: https://www.factmr.com/report/citrus-concentrate-market

𝐌𝐨𝐫𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭:

Non-alcoholic Beverage Market: https://www.factmr.com/report/non-alcoholic-beverage-market

Citrus Essential Oil Market: https://www.factmr.com/report/2851/citrus-essential-oil-market

Citrus Fiber Market: https://www.factmr.com/report/2305/citrus-fiber-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
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