According to research from Future Market Insights, the global market for citrus flavors is expected to grow at a compound annual growth rate (CAGR) of 4.9% during the forecast period. The market value is projected to reach US$ 18.79 billion by 2033.
In order to provide food and beverage manufacturers with innovative products, players in the citrus flavors market are focusing on research and development. They do this by utilizing attributes like vitamin and nutrition richness and refreshing taste.
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The rising tide of health consciousness among consumers is further fostering this expansion. Citrus fruits have captured the attention of health-conscious people in a society where wellness is prioritized due to their attraction as a rich source of important vitamins, minerals, and antioxidants, as well as their low-calorie content. Customers who are passionate about healthy living are drawn to items with the energizing touch of citrus flavours, driving the market towards an exciting future.
Key Takeaways
- North America and Europe account for 51.4% of the global market share.
- With nearly 40% of the market share, Asia-Pacific is the most dominating region, with China making up the majority, contributing 17.8%.
- With a 14.4% global market share, the United States is the single-largest market contributor.
- The market participation of emerging markets like India and Indonesia, which each contribute 9.2% and 4.4% respectively, is considerable.
- A significant 9% of the market is accounted for by the Rest of the World, which includes nations like Brazil and Argentina, demonstrating the significance of these areas in the global economy.
Competitive Landscape
Competition is fierce in the enthralling world of citrus flavours, fueled by a wide range of participants, including powerful established brands and agile regional challengers. Due to the market’s maturity, intense competition will heighten efforts to introduce new and improved citrus flavour profiles. The constantly changing environment reveals new opportunities, uses, and routes for these zesty essences. Players worldwide compete in this global arena in an enthralling struggle for a piece of the market’s sweet success. Furthermore, regulatory scrutiny keeps a close eye, providing new difficulties that call for strategic acumen and adaptability.
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Doehler
German business Doehler is a top supplier of both artificial and natural flavours. The business is well-known in the market for citrus flavours and provides a variety of citrus flavours, including lemon, orange, grapefruit, and lime. Doehler also provides a variety of citrus flavours that are specially mixed.
Frutarom
Israeli company Frutarom is a top provider of flavours and food additives. The business is well-known in the market for citrus flavours and provides a variety of citrus flavours, including lemon, orange, grapefruit, and lime. Numerous specially blended citrus flavours are also available from Frutarom.
Givaudan
Switzerland-based Givaudan is a well-known manufacturer of flavours and perfumes. The business is well-known in the market for citrus flavours and provides a variety of citrus flavours, including lemon, orange, grapefruit, and lime. A variety of specially blended citrus flavours are also available from Givaudan.
Symrise
The leading supplier of flavours and scents is a German corporation by the name of Symrise. The business is well-known in the market for citrus flavours and provides a variety of citrus flavours, including lemon, orange, grapefruit, and lime. Numerous specially blended citrus flavours are also available from Symrise.
Key Developments
- Adopting Nature’s Finest: As the market for natural flavours booms, customers increasingly look for the true essence of nature in the food and drink they eat. Citrus flavours, which are naturally occurring, stand out as a wonderful option for health-conscious people seeking pure, unadulterated flavour sensations.
- Setting the Standard for Healthful Innovations: Citrus flavours stand out as a star ingredient because of their built-in health advantages as functional meals and beverages gain popularity. These spicy treats, which are abounding in vitamins, minerals, and antioxidants, respond to the growing consumer demand for goods that nourish and enhance wellness.
Citrus Flavor Market by Category
By Product Type:
- Lime
- Grapefruits
- Orange
- Lemon
- Others
By Nature:
- Natural
- Artificial
By Application:
- Bakery Products
- Confectionery
- Beverages
- Savory
- Others
By Sales Channel:
- Supermarkets
- Departmental Stores
- E-retailers
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
Author by:
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives.
She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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