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Orange Extract Market Trends

  • Report ID: GMI7810
  • Published Date: Jan 2024
  • Report Format: PDF

Orange Extract Market Trends

The increasing demand for natural and clean-label products, leading to a surge in the use of orange extract as a natural flavoring agent in various industries, including food and beverages, cosmetics, and pharmaceuticals. Moreover, there was a noticeable shift toward healthier lifestyles, driving the consumption of functional foods and beverages, where orange extract found its place due to its high vitamin C content and antioxidant properties. Additionally, product diversification and innovation were prevalent trends, with manufacturers exploring new formulations, blends, and applications of orange extract to cater to diverse consumer needs.

The cosmetic and personal care industry also witnessed a growing inclination toward incorporating orange extract into skincare and haircare products due to its perceived benefits for skin health and fragrance. Furthermore, sustainability and eco-consciousness were gaining momentum, influencing sourcing practices and production methods within the orange extract market, with an increasing focus on environmentally friendly and ethically sourced ingredients. These trends collectively indicated a promising trajectory for the market, highlighting the importance of natural ingredients, innovation, health consciousness, and sustainability in driving its growth and market positioning.
 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of orange extract reached USD 624.8 million in 2023 and is set to expand at 6% CAGR from 2024 to 2032, propelled by an increased consumer interest in natural flavors and rising demand for functional ingredients.

The liquid form segment held over USD 194 million revenue in 2023, owing to its versatility and ease of use across various industries.

North America market generated a revenue of over USD 214.2 million in 2023, driven by a robust food & beverage sector and consumer preference for natural flavors.

Citromax S.A.C.I, Lionel Hitchen (Essential Oils) Ltd, McCormick & Company, Inc, Döhler GmbH, Southern Flavoring Company, Inc., Lionel Hitchen (Europe) Ltd., Nielsen-Massey Vanillas, Inc. , Bickford Flavors (United States), Shaanxi Guanjie Technology Co., Ltd. , Firmenich SA are some of the major industry contenders.

Orange Extract Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 241
  • Countries covered: 21
  • Pages: 300
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