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Lemon Extract Market Trends

  • Report ID: GMI7846
  • Published Date: Jan 2024
  • Report Format: PDF

Lemon Extract Market Trends

The lemon extract industry has witnessed continued growth driven by evolving consumer preferences for natural and healthy ingredients across various industries. With the rising demand for natural flavors, lemon extract has gained prominence due to its versatility in applications spanning food, beverages, cosmetics, and household products. Consumers' inclination toward clean-label products has propelled the market, fostering innovations in extraction techniques and formulations to preserve the natural essence of lemons.
 

Additionally, the increasing awareness of the health benefits associated with lemon extract, such as its antioxidant properties and high vitamin C content, has further augmented its appeal. However, challenges persist, including supply chain disruptions, regulatory complexities, and competition from synthetic alternatives, necessitating ongoing efforts toward sustainability, quality control, and product differentiation to capitalize on the growing market demand.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of lemon extract reached USD 292.1 billion in 2023 and is set to witness 7% CAGR from 2024 to 2032, led by an increasing demand for natural flavors in the F&B industry.

F&B segment accounted for a substantial market share of over 54.6% in 2023, owing to the extensive use of lemon extract in flavoring various products such as beverages, bakery items, sauces, and dressings.

North America generated a revenue of over USD 292.1 billion in the market in 2023, attributed to the widespread usage of lemon extract in various culinary applications, and the growing inclination towards natural flavors and clean-label products among consumers.

Lionel Hitchen USA, Döhler Group, Southern Flavoring Company, Bickford Flavors and Lochhead Manufacturing Company.

Lemon Extract Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 188
  • Countries covered: 19
  • Pages: 300
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