Global Citrus Peel Extract Market: Precise Scenario Covering Trends, Opportunities and Growth Forecast during 2018-2028

Posted on 2018-10-31 by Mark Hub in Food & Beverage // 0 Comments

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The global citrus peel extract market is prognosticated to witness an exponential surge in demand due to the change in lifestyle of the consumers. Rapid urbanization has helped the penetration of chemical ingredients in the food and beverages as well as in healthcare products. Rising awareness among consumers regarding the negative impact that these chemical ingredients on one’s health is bolstering the demand for herbal and organic product. The citrus peel extract in recent times has gained huge popularity due to the benefits that can be found in it.

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The citrus peel extract has been known to be used extensively in the food and beverages industry. The citrus peel extract finds its application in bakery, dairy, confectionary, sausages and seasonings. Beverages, teas, and smoothies. The rise in bakery and confectionary industries particularly in North America and Europe has triggered the growth of the Citrus Peel Extract Market. Citrus peel extract market which acts as a natural flavoring agent is known to be used in the production of cakes, pastries, and candies. Rising concern in one’s appearance across the world is promoting the growth of personal care market throughout the world. Citrus peel extract is used in personal care products as it has certain nutrients which are known to cleanse the oil from skin. Citrus peel extract is also found to be one of the major ingredient in the pharmaceutical world, as it used extensively in producing drugs.

Citrus Peel Extract Market Outlook

Along with the benefits of biotechnology, innovation and scientific improvements, people are also shifting their preferences towards natural ingredients, as synthetic chemicals used in food are increasingly finding their way in the dictionary of ‘harmful and long-term side effects’. As an alternative, herbal extracts and organic ingredients have become popular for the same reason. Citrus peel extract is traditionally known to have multiple uses for the household, for example as a flavoring agent in food, cleaning agent for kitchen equipment and also as an ailment for bone health, promotion of weight loss, etc. As the functional ingredient market is growing at double digit, citrus peel extract market also witnesses a concurrent growth. The citrus peel is a source of abundant pectin, a highly valued flavonoid. In 2017, CP Kelco, a manufacturer of specialty hydrocolloids, expanded its pectin peel processing facility in Brazil. In 2015, the pectin production exceeded 60,000 tons globally. Around 45-60% of the citrus fruit is discarded as waste and considering the abundant amount of pectin found in this waste, manufacturers are strategizing to expand the portfolio and of citrus peel products, which is an impacting factor driving the growth of citrus peel extract market.

Global Citrus Peel Extract: Market Segmentation

On the basis of form, the citrus peel extract market is segmented as-

Oil
Powder

On the basis of fruit, the citrus peel extract is segmented as-

Orange
Lime
Lemon
Grapefruit
Others

On the basis of end-use, the citrus peel extract is segmented as-

Pharmaceutical
Food industry

Confectionary
Sports nutrition
Bakery
Dairy
Sauces & seasonings
Beverages
Teas
Smoothies

Personal care
Dietary supplements
Others (institutions)

Global Citrus Peel Extract Market: Key Players

Some of the key players operating in the global citrus peel extract market are Phyto Life Sciences P. Ltd., Cifal Herbal Private Ltd, Ultra International B.V., Merck KGaA, IRIMAR S.L., Vee Kay International, Argenti Lemon S.A, Vincent Corporation, Apara International, All thing Citrus, Kanegrade Ltd., RUNHERB INC, Orgenetics, Inc., S.A. Herbal Bioactives LLP, Active Concepts LLC, NOW foods Inc. and among others.

Citrus Peel Extracts: Key Insights Gained

In March 2015, the company Suntory Beverage & Food Limited, a Japan based beverages manufacturer, introduced Orangina, a brand of carbonated beverage, globally. The brand is jointly developed by the company and the Schweppes Group. The product which contains lemon peel extract was first launched in Japan in 2012 and following its success and immense consumer demand, the company introduced the product internationally.

In beverage products, citrus extracts usually impart aroma and flavor and also impart unwanted characteristics like bitter taste to the product. While using citrus peel extracts, the bitterness of the citrus fruits is avoided, improving the quality of the product.

Such unique benefits are also compelling the manufacturers to use citrus peel extracts in their products, thus driving the growth of the citrus peel extract market.

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Key Data Points Covered in the Report

Some of the key data points covered in our report include:

An overview of the market, including background and evolution
Macroeconomic factors affecting the market and its potential
Market dynamics, such as drivers, challenges and trends
Detailed value chain analysis of the market
Cost structure of the products and segments covered in the study
In-depth pricing analysis, by key product segments, regions and by major market participants
Analysis of supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario
Analysis of the market structure, including a tier-wise categorization of key market participants
Competitive landscape of the, including detailed profiles of the top players in this market

This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on

Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Technology

Regional Segments Analyzed Include

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)

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