Citrus Concentrate Market Research, 2031
The global Citrus Concentrate Market Size was valued at $7.8 billion in 2021, and is projected to reach $12.9 billion by 2031, growing at a CAGR of 5.3% from 2022 to 2031.
The citrus concentrate market is segmented into Source, Nature, End Use and Form.
The citrus concentrate market is meant to provide a safe flavor choice in the production of juices, soft drinks, ice creams, syrups, and candy products. Citrus concentrate is processed, which means its water content is evaporated after extracting the real fruit juice like from orange and lemon and then dried up to make a powder. This powder form of juice is known as concentrate. Citrus concentrate also refers to the natural source of vitamins and minerals that are consumed by people to obtain vitamin A, B1, C, and A, potassium, and sulphur, which helps in strengthening the immune system and prevent mucosal infections. The citrus concentrates are a mixture of orange concentrate, grapefruit concentrate or lemon concentrate is also added to form citrus concentrate.
Citrus seeds are becoming increasingly popular among vegans because they are botanical and contain high levels of vitamin C and vitamin K, which help to strengthen the immune system. Citrus seeds also contain the B12 group of vitamins and magnesium, which helps to speed recovery from infections. The demand is increasing in the cosmetics and personal care sector due to the collagen-boosting properties of citrus seed extract and the increasing consumer preference for organic and natural skin care products. It is free of toxins and is considered a rich source of folic acid and ascorbic acid. These healthy properties of the extract make citrus seed oil very popular with fitness enthusiasts. Increasing consumer demand for beverages and baked goods is the primary driver of the growth of the global fruit juice concentrate market. Increasing acceptance of vegetable and fruit juices as alternatives to carbonated beverages by health-conscious consumers is expected to boost the growth of the citrus concentrate market. The rapid growth of the natural sweetener market is expected to boost the growth of the citrus concentrate market. Increase in demand for juice concentrates as a sugar substitute in the beverage and bakery industries is expected to drive the growth of the Citrus Concentrate Market Share.
Fructose intake has received considerable media attention recently as it has been argued that dietary fructose is less filling and more lipogenic than other sugars. Also, sufficiently relevant data presented to explain the direct association between dietary fructose intake and health risk markers such as obesity, triglyceride accumulation and insulin resistance is expected to hamper the market Citrus Concentrate Market Growth. However, the rising number of rules and regulations by the government related to the implementation of new protocols and measurements to maintain the quality of the product is a major factor that is impacting the growth of the market. Moreover, loss of perishable raw materials, especially while storage and transportation is likely to have a negative impact on the market growth in the upcoming future.
Citrus fruits are widely used in the pharmaceutical industry as they offer several health benefits. Citrus fruits are rich in vitamin C, a nutrient known to boost the immune system. It stimulates the immune system to produce the white blood cells that are required to fight infection and also help in prevention of disease .In addition, , vitamin C in citrus fruits does not prevent cold. However, research suggests that it may help reduce the duration and severity of colds. A 2014 study found that people with low citric acid levels in their urine were more likely to develop kidney stones. Citrus fruits are rich in phytonutrients, including flavonoids. Some studies show that flavonoids help prevent the development of certain types of cancer. For these factors, are expected to boost the growth of the citrus concentrate market.Consumers inclination toward natural-based products has led manufacturers to use citrus concentrate in various food products and beverages. The demand for synthetic ingredients has decreased owing to adverse impact on healththus leading to increasing demand for natural concentrates such as citrus concentrates.. The confectionery and bakery items are combined with citrus concentrate to create healthy food items which is also expected to boost the market demand. Thus, the increase in health consciousness in consumers is creating new opportunities for the growth of the citrus concentrate market. Consumers inclination toward natural-based products has led manufacturers to use citrus concentrate in various food products and beverages. The demand for synthetic ingredients has decreased owing to adverse impact on health thus leading to increasing demand for natural concentrates such as citrus concentrates.. The confectionery and bakery items are combined with citrus concentrate to create healthy food items which is also expected to boost the market demand. Citrus concentrate consumption is good for health without any side effects thus making it prefer choice among consumers. In addition, the consumption of citrus concentrate products leads to improvement of gut health and immunity; thus, further escalating citrus concentrate market demand.. Thus, the increase in health consciousness in consumers is creating new opportunities for the growth of the citrus concentrate market.
The citrus concentrate market is segmented into source, nature, end use, form, and region. On the basis of source, the market is bifurcated into oranges, lemons & limes, grapefruits, tangerines, and others. On the basis of nature, the market is bifurcated into organic and conventional.
The oranges segment was the highest revenue contributor to the market in the year 2021, owing to availability of oranges across the globe, and consumers’ preference for healthy diet.Orange is the favorite flavor among consumers globally. Orange is used in theproduction of various food and beverages products such as soft drinks, syrups, ice creams, and candies. The Mediterranean region consistently produces flavorful, high-quality fresh fruit, resulting in high-quality fruit concentrates.The orange concentrate is a natural source of vitamins and minerals and hence, are consumed in a wide range of food products. In addition, orange comprise of vitamins A, B1, B2, C, copper, potassium, and sulphur that help in strengthens tissues and regulates blood pressure while preventing colds and mucosal infections.
The conventional segment was the highest revenue contributor to the market, owing to higher demand for citrus concentrate from food & beverage industry, pharmaceuticals, and nutraceuticals industries.Conventional farming of citrus refers to farming systems, which include the use of synthetic chemical fertilizers, pesticides, herbicides, and other continual inputs, and genetically modified organisms, Thus conventional agriculture is typically highly resource-demanding and energy-intensive, but also highly productive. The major driver for citrus concentrate is higher demand for citrus concentrate from food & beverage, pharmaceuticals, and nutraceuticals industries. In addition, the presence of essential nutrient vitamins in the citrus concentrate has increased the demand across the globe.
The food and beverage industry segment was the highest revenue contributor to the market, to its easy availability and wide application in the Citrus Concentrate industry. Nowadays, people are tending toward natural food ingredients, which help to build gut health and immunity. The citrus concentrate is one such ingredient, which can be used in a variety of ways. Citrus concentrate is also used as a flavoring agent in various dishes. It is widely applicable in preparing bakery items, such as pastries and cakes. The citrus concentrate is used to marinate chicken and meat as well as it is used as topping. The citrus concentrate is also used to manufacture alcoholic products. The wide acceptability and applicability of citrus concentrate in the food & beverage industry boost the growth of the market. The citrus concentrate is used to prepare confectionary items, refreshing drinks, continental dishes, desserts, candies, smoothies, frozen citrus pulp, toppings for salads, and ice cream. The increased use of the orange extract in soft drinks and bakery products is driving the market growth.
The liquid segment was the highest revenue contributor to the market in 2021, owing to higher demand for liquid in beverage and pharmaceutical industries, along with ease in transportation of liquid concentrate. Ease of consumption of the liquid form and the ease of mixing with other ingredients when preparing puree-based products. There is no potential for spillage, also liquor form has longer shelf life and does not require refrigeration for storage, so it is projected to see higher growth in the Citrus Concentrate Market Forecastperiod. With busy lifestyles and a heightened sense of wellness, consumers are turning to fast, nutritious foods and beverages. Therefore, these factors are likely to drive significant growth in the liquid citrus concentrate market. Citrus concentrates contain minerals and vitamins necessary for general nutrition. This aspect continues to bring great growth prospects to the citrus concentrates market.
Europe was the highest revenue contributor, accounting for $3,321.9 million in 2021, and is estimated to reach $5,567.9 million by 2031, with a CAGR of 5.4%. The Europe citrus concentrate market is studied across countries, such as UK, Italy, Germany, France, Spain, Netherlands, Switzerland, and rest of Europe. In Europe, it was observed that the demand for citrus concentrate is increasing as consumers are increasingly aware of the health benefits of citrus concentrate beverages. Also, the citrus concentrate-based beverages are incorporated with vitamins and supplements, which ultimately lead to the higher demand for such kinds of drinks.Due to the high growth potential in the region, most companies are trying to expand their presence in the market. The higher preference for natural ingredients that are familiar and have unique flavor profiles are in great demand in the region. Increase in number of food outlets and surge in tourism sector are key drivers for the growth of the citrus concentrate market. The aging population in the Europe region fuels the demand for the citrus beverages to prevent or to overcome adverse health conditions.
North America and Europe are having major demand for citrus concentrate due to the increasing awareness among consumers for the health benefits available through citrus concentrate beverages. Increased in intake of variety of food and drink products coupled with the increasing hectic lifestyle among the consumers increases the consumption of ready to drink products, which is making positive impact on the market. On the basis of form, it is bifurcated into dry and liquid. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the citrus concentrate market analysis from 2021 to 2031 to identify the prevailing citrus concentrate market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the citrus concentrate market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global citrus concentrate market trends, key players, market segments, application areas, and market growth strategies.
Citrus Concentrate Market Report Highlights
| Aspects | Details |
 Market Size By 2031 | USD 12.9 billion |
 Growth Rate | CAGR of 5.3% |
 Forecast period | 2021 - 2031 |
 Report Pages | 330 |
 By Source |
|
 By Nature |
|
 By End Use |
|
 By Form |
|
 By Region |
|
 Key Market Players | Bell Flavors & Fragrances, SunOpta, Lemonconcentrate S.L.U, Asia Farm F&B Pte Ltd, Louis Dreyfus Company, Citrus Systems Inc., Symrise, CitroGlobe Srl, Iprona SpA, Prodalium Group, Kiril Mischeff, Vinayak Corporation, Ingredient Inc., Dohler GmbH, Sensient Technologies Corporation |
Analyst Review
According to the CXO's of the top companies, the citrus concentrate market is expected to grow due to the significant inclination towards healthy lifestyle and diet patterns, which ultimately lead to the higher adoption of healthy beverages, such as fruit juices. Technological advancement and the rising awareness among the consumers towards the nutritional content coupled with the increasing trend for zero calories, zero sugar, and zero carb content soft drinks boost the market growth Furthermore, aging population in several region throughout the globe is fueling the demand for the citrus-based beverages to prevent or to overcome the adverse health conditions.
The CXO's further added that the market is driven by product innovation such as introduction of citrus concentrate in alcohol-based beverages. . The global citrus concentrate market is witnessing growth owing to its nutritive value, and Asia-Pacific is having the highest growth in the market due to the increasing population and popularity of the citrus concentrate among manufacturers of food and beverages in the region. The global players in the market are making huge investments for expansion of their production capacities to capture the increasing demand for citrus concentrate from different industries like food and beverages, personal care, pharmaceutical, and cosmetic industries. Moreover, manufacturers are also focusing on different strategies like mergers and acquisitions with different manufacturers to increase their revenue. The major market players are also focusing on expanding their global footprints by establishing R&D centers and production facilities, which is expected to play significant role in the market growth during the forecast period.
Rising demand for natural plant-based ingredients, growing awareness and popularity of convenience food & beverages are the upcoming trends of Citrus Concentrate Market in the world
The food and beverage industry segment was the highest revenue contributor to the market,owing to its easy availability and wide application in the food & beverage industry. Nowadays, people are tending toward natural food ingredients, which help to build gut health and immunity.
Europe was the highest revenue contributor, accounting for $3,321.9 million in 2021, and is estimated to reach $5,567.9 million by 2031, with a CAGR of 5.4%. The Europe citrus concentrate market is studied across countries, such as UK, Italy, Germany, France, Spain, Netherlands, Switzerland, and rest of Europe.
The citrus concentrate market size was valued at $7,765 million in 2021, and is projected to reach $12,853 million by 2031, registering a CAGR of 5.3% from 2022 to 2031. The citrus concentrate market is meant to provide a safe flavor choice in the production of juices, soft drinks, ice creams, syrups, and candy products. Citrus concentrate is processed, which means its water content is evaporated after extracting the real fruit juice like from orange and lemon and then dried up to make a powder.
Some of the key players in the citrus concentrate industry include, Dohler, Bell Flavors & Fragrances, Prodalium Group, CitroGlobe Srl, LemonConcentrate S.L, Iprona SpA, El-Marwa Food Industries Co., Louis Dreyfus Company, Citrus Processing India Pvt. Ltd., Citrus Systems Inc., Asia Farm F&B Pte Ltd, SunOpta, Vinayak Ingredients India Pvt. Ltd, and Kiril Mischeff.
Loading Table Of Content...
Loading Research Methodology...
