Citrus Extracts Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share

How Big Is the Citrus Extracts Market Expected to Be, and What Will Its Growth Rate Be?
In the past few years, there has been a marked increase in the size of the citrus extracts market. Projections indicate that it will expand from a worth of $8.32 billion in 2024 to $8.97 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.8%. This notable growth during the historic period can be linked to factors such as their high nutritional value, escalating demand for natural flavorings, a rising interest in herbal cures, amplified consciousness of the health advantages of citrus, and the growing admiration of citrus-based essential oils.

The market for citrus extracts is projected to witness strong growth in the coming years, growing to a size of $12 billion by 2029 with an annual compound growth rate of 7.5%. Factors that can be attributed to this growth during the forecast period include an increased demand from consumers for natural and organic products, a surge in health awareness, higher disposable incomes, the inclusion of citrus extracts in functional beverages, as well as the rise in preference for plant-based diets. The future trends expected during this period include advancements in citrus extraction technology, the introduction of new citrus-based products and solutions, the fusion of citrus extracts in creative health and wellness remedies, and the invention of new extraction technologies to enhance yield and quality.

What Are the Primary Growth Drivers for the Citrus Extracts Market?
The escalating emphasis on health and wellness among consumers is set to fuel the expansion of the citrus extracts market. The heightened focus on maintaining wellbeing is prompted by a growing understanding of the advantages of a healthy lifestyle and averting chronic ailments. Citrus extracts, abundant in antioxidants, vitamins, and bioactive constituents, amplify immunity, aid digestion, and enhance holistic health. For example, a survey conducted by the International Food Information Council (IFIC), a not-for-profit organization in the US devoted to delivering scientifically substantiated data on food safety, nutrition, and health, revealed that in May 2022, of the 1,005 Americans surveyed, 52% reported adhering to a diet or eating habit in 2022, a notable rise from 39% in 2021. This uptick was chiefly noticed among people below 50 years of age, with clean eating (16%), mindful eating (14%), calorie counting (13%), and plant-based eating (12%) being the popular diets. Consequently, the amplified emphasis on the health and wellness segment by consumers is facilitating the expansion of the citrus extracts market.

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Who Are the Dominant Companies Influencing Citrus Extracts Market Trends?
Major companies operating in the citrus extracts market are Kerry Group Plc, McCormick & Company Inc., Symrise AG, Takasago International Corporation, Naturex SA, Young Living Essential Oils LLC, Citromax Flavors Inc., Mountain Rose Herbs, Peace River Citrus Products, Lebermuth Co Inc., Citrus and Allied Essences Ltd., LIONEL HITCHEN, Bontoux SAS, Botanic Healthcare, Ultra International BV, Global Essence Inc., Frutarom Industries Ltd., Crescent Fragrances Pvt. Ltd., Cifal Herbal Private Ltd., Ace Technologies

How Is the Citrus Extracts Market Evolving?
Leading entities in the citrus extracts sector are turning their focus towards the creation of unique citrus elements. This is in response to the rising demand for natural goods that also provide health benefits. Citrus constituents relate to novel, improved extracts or compounds derived from citrus fruits, offering distinctive health advantages, flavors, or functional attributes for food, drink, and supplements. An example is in June 2022, when Givaudan, a Switzerland-based company specializing in flavors, fragrances, and active cosmetic ingredients, partnered with Manus, an American biotech firm, to introduce BioNootkatone. This revolutionary product is a sustainable and clean-label citrus flavor enhancer aimed at meeting the escalating market demand for natural flavors. In addition, it helps reduce the fluctuating supply and environmental toll linked with ordinary citrus extracts. The production of BioNootkatone employs Manus Bio's proprietary BioAssemblyLine Cell Factory engineering platform that uses a non-genetically modified organism (non-GMO) sugar source as a base.

What Are the Different Segmentations in the Citrus Extracts Market?
The citrus extractsmarket covered in this report is segmented -

1) By Type: Orange, Lemon, Lime, Grapefruit, Other Types
2) By Extraction Method: Cold Pressing, Solvent Extraction, Enzymatic Extraction, Supercritical Fluid Extraction
3) By Form: Liquid, Powder, Essential Oil
4) By Application: Food And Beverages, Pharmaceuticals, Cosmetics And Personal Care, Nutraceuticals

Subsegments:
1) By Orange: Sweet Orange Extract, Blood Orange Extract, Navel Orange Extract
3) By Lemon: Eureka Lemon Extract, Lisbon Lemon Extract, Organic Lemon Extract
4) By Lime: Persian Lime Extract, Key Lime Extract, Kaffir Lime Extract
5) By Grapefruit: White Grapefruit Extract, Pink Grapefruit Extract, Red Grapefruit Extract
6) By Other Types: Tangerine Extract, Pomelo Extract, Yuzu Extract, Calamondin Extract, Other Citrus Extracts

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Which Region Is at the Forefront of the Citrus Extracts Market?
North America was the largest region in the citrus extracts market in 2024. The regions covered in the citrus extracts market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Citrus Extracts Global Market Report?

- Market Size Analysis: Analyze the Citrus Extracts Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Citrus Extracts Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Citrus Extracts Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Citrus Extracts Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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