The global demand for bergamot extract, valued at USD 99.97 million in 2022, is expected to grow at a CAGR of 4.14% to reach USD 150 million from 2022 to 2032. This growth is driven by increasing demand in residential and commercial construction for renovation projects and development.
Bergamot extract, derived from the rare citrus fruit Citrus Bergamot primarily cultivated in Southern Italy, is rich in flavonoids, potent free radical scavengers. It contains approximately five unique antioxidant polyphenolic compounds, offering a range of health benefits.
Known for helping maintain normal cholesterol levels and supporting blood glucose metabolism, bergamot extract is prized for its antimicrobial properties, making it valuable in the pharmaceutical industry. Its delicate, fresh flavor profile also makes it a sought-after ingredient in baked goods, ice creams, and other food products. Additionally, it finds applications in dietary supplements, beverages, nutraceuticals, cosmetics, and more.
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The rise in health and fitness trends among consumers is poised to drive growth in the bergamot extract market. There is a notable surge in demand for dietary supplements, with over 70% of American adults incorporating at least one type into their daily routines. Consumers are increasingly opting for plant-based products, partly due to concerns over potential side effects associated with animal-based alternatives. This trend presents an opportunity for manufacturers in the dietary supplement industry to utilize bergamot extract in developing plant-based supplements.
Competitive Landscape
Some of the key participants present in the global demand for Bergamot Extract market include H&AD s.r.l., Jarrow Formulas, BergaMet NA, HP Ingredients, Citroglobe, Nutraceuticals International Group, etc., among others., among others.
- Healthy Extracts Inc., a prominent manufacturer of clinically proven plant-based products for heart and brain health, has launched two new high-potency natural formulations, Organic Citrus Bergamot for Women and Organic Citrus Bergamot. These products are available on e-commerce websites and in selected supermarkets.
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Key Segments Profiled in the Bergamot Extract Industry Survey
By Nature:
- Organic Bergamot Extract
- Conventional Bergamot Extract
By End Use:
- Food and Beverage
- Perfumery
- Nutraceuticals
- Dietary Supplements
- Other End Uses (e.g. Pharmaceutical, etc.)
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Japan
- Middle East and Africa
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