Citral Market is Estimated to Witness High Growth Owing to Increasing Demand for Flavor and Fragrance Industries

Market Overview:

Citral, also known as 3,7-dimethyl-2,6-octadienal, is a clear to pale yellow liquid with a potent lemony odor. It is a natural compound found in lemon and litsea cubeba essential oils. Citral finds wide application in flavor and fragrance industries for use in soaps, detergents, perfumes, air fresheners, and other products.

Market Dynamics:

The global citral market is witnessing significant growth owing to rising demand from flavor and fragrance industries. According to the report, the global flavor and fragrance market is projected to reach USD 39.71 billion by 2028, growing at a CAGR of 4.3% from 2021 to 2028. Citral has a high demand for applications such as perfumes, lotions, soaps, shampoos, shaving products, and household cleaners. It also finds use in flavors, food products such as baked goods, candy, beverages, non-alcoholic drinks and others. Additionally, increasing disposable income and changing lifestyle especially in developing regions such as Asia Pacific is also fueling the market growth.

Citral Market Drivers: Food Flavoring Industry Growth is Driving Increased Demand for Citral

The global food and beverage industry has experienced significant growth in recent years as consumers are increasingly opting for snacks and ready-to-eat food products due to busy lifestyles. Citral is widely used as a flavoring agent in food products such as beverages, baked goods, candies, and more. With the rising health consciousness, citral extracted from natural sources like lemongrass and other plants is gaining preference over artificial flavors. As the food industry innovates new product launches to cater to evolving consumer needs and tastes, the need for natural and high-quality flavorings like citral is also increasing steadily.

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Key Players Covered In This Report:

BASF SE, Beijing Lys Chemicals Co. Ltd., Indukern SA, Industrial and Fine Chemicals, Kuraray Co. Ltd., Privi Specialty Chemicals Limited, Rajkeerth Aromatics and Biotech Pvt. Ltd., Symrise AG, Takasago International Corporation, Vee Kay International, and Zhejiang Xinchecheng Co. Ltd.

Market Segmantation:

By Type
Natural Citral
Synthetic Citral
By Application
Lemon Essence
Vitamin
Menthol
Others
By End User
Cosmetics & Personal Care
Household Care,
Pharmaceuticals
Food & Beverages
Others
Key Region/Countries are Classified as Follows:

The following section of the report offers valuable insights into different regions and the key players operating within each of them. To assess the growth of a specific region or country, economic, social, environmental, technological, and political factors have been carefully considered.

The section also provides readers with revenue and sales data for each region and country, gathered through comprehensive research. This information is intended to assist readers in determining the potential value of an investment in a particular region.

◘ North America (United States, Canada, and Mexico)
◘ Europe (Germany, France, UK, Russia, and Italy)
◘ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
◘ Latin America (Brazil, Argentina, Colombia,.)
◘ The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Personal Care Products Industry Growth is Driving Increased Demand for Citral

The global personal care industry has grown substantially over the past decade due to rising disposable incomes and increasing emphasis on grooming and self-care. Citral finds wide application in several personal care products as a fragrance agent. It is commonly used in soap, shampoos, bath products, perfumes, colognes, and other cosmetic formulations. With increasing female workforce participation and nuclear families globally, demand for personal care products has surged, fueling the need for aromatic ingredients like citral. The trend of natural and organic personal care is also propelling citral demand.

Citral Market Restrain: Stringent Regulations around the Use of Synthetic Citral

Several regulatory bodies across key nations have imposed stringent restrictions around the application of synthetic citral in products meant for human consumption as well as topical application due to environmental and health concerns. This has prompted manufacturers to shift towards natural versions of citral extracted from lemongrass, litsea cubeba, or other plant sources. However, natural sources have limited availability and higher production costs. Additionally, natural citral exhibits batch-to-batch variation. These factors make 100% natural citral a costly option for several end-use industries which impacts their demand.
Citral Market Opportunity: Growth of Aromatherapy Industry Presents Lucrative Opportunity

Aromatherapy uses essential oils extracted from botanical sources to improve physical and emotional well-being. Citral extracted from lemongrass oil is commonly used for aromatherapy applications owing to its refreshing and uplifting aroma. The global aromatherapy market has grown remarkably in recent times on the back of increasing consumer inclination towards alternative treatments and wellness practices. The onset of pandemic has further accelerated this shift as people look for stress-relieving and mood-boosting remedies. Citral manufacturers can leverage this booming space and introduce new product variants suited for aromatherapy use.

Citral Market Trends: Growing Focus on Safe and Natural Ingredients in End-Use Industries

The changing regulatory landscape, rising health concerns, and evolving buyer priorities have compelled brands to shift focus towards using clean-label and plant-based ingredients in their products. Citral manufacturers are catering to this demand by developing sustainably sourced, non-GMO and organic-certified varieties of natural citral with no artificial agents. They are also investing in R&D for novel extraction techniques using green solvents and minimizing environmental footprint. To sustain premium pricing and ensure steady offtake, citral producers need to proactively align production in sync with end-use industries' journey towards safer, natural and sustainable ingredients.

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The report answers a number of crucial questions, including:

➥ Which companies dominate the global Citral market ?
➥ What current trends will influence the market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the market economy globally?

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This release was published on openPR.