Fruit Extracts Market to be Worth $31.11 Billion by 2031 at a CAGR of 7%

According to a new market research report titled, 'Fruit Extracts Market by Source (Citrus Fruits, Apples, Pineapples, Grapes, Pears, Berries), Form (Powder, Liquid), Application (Beverages, Food, Nutraceuticals, Cosmetics)-Global Forecast to 2031,' the fruit extracts market is expected to reach $31.11 billion by 2031, at a CAGR of 7.0% from 2024 to 2031.

The growth of this market is driven by the increasing health and wellness trend, growing demand for natural and plant-based ingredients, rising applications of fruit extracts in cosmetic products, and increasing awareness regarding the benefits of natural fruit extracts over synthetic products. Additionally, emerging economies and increasing demand for clean-label products offer significant growth opportunities for fruit extract manufacturers. However, the preference for artificial flavors and high production costs restrain the market's growth.

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Key Players:

The report includes an extensive assessment of the key growth strategies adopted by leading market players over the past three to four years. The key players profiled in the fruit extracts market report are Kerry Group plc (Ireland), Givaudan SA (Switzerland), Symrise AG (Germany), DSM-Firmenich AG (Switzerland), Archer-Daniels-Midland Company (U.S.), Döhler GmbH (Germany), International Flavors & Fragrances, Inc. (U.S.), New Directions Aromatics (Canada), Synergy Flavors, Inc. (U.S.), and Ingredion, Incorporated (U.S.).

The fruit extracts market is segmented by source (citrus fruits, apples, pineapples, grapes, pears, berries, and other sources), form (powder and liquid), application (beverages, food, nutraceuticals, cosmetics, and other applications), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the regional and country levels.

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Key Findings in the Fruit Extracts Market Study:

Among all sources studied in the report, the berries segment is expected to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to changing consumer preferences and growing awareness about the health benefits of berries. Berries have high amounts of antioxidants and anti-inflammatory properties. Also, they boost the immune system, help in weight management, and support skin health.

Among all forms studied in the report, the liquid segment is expected to register a higher CAGR during the forecast period. The growth of this segment is attributed to the increasing demand for liquid fruit extracts from beverage manufacturers, growing consumer demand for innovative beverages, and rising demand for ready-to-use fruit extracts. In addition, liquid fruit extracts offer numerous benefits for manufacturers, including eliminating the need for equipment investment for dissolving, filtering, and pasteurizations, homogeneous blends with minimal segregation, and improving the overall visual aspect.

Among all applications studied in the report, the cosmetics segment is expected to register the highest CAGR during the forecast period. The rapid growth of this segment is attributed to rising consumer expenditure on cosmetics, increasing consumer preference for natural ingredient-based beauty products, and increasing awareness about the therapeutic properties of fruits.

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Among all the geographies studied in the report, Asia-Pacific is expected to register the highest CAGR during the forecast period due to the presence of a large number of food and beverage manufacturers and strong growth in the food and beverage industry, easy and abundant availability of raw materials, and increasing awareness about a healthy lifestyle. Moreover, rapid urbanization, increasing disposable incomes, and changing lifestyles in countries such as China and India further support the growth of this market in the region.

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This release was published on openPR.