Citrus Powder Market Size, Share Global Analysis Report, 2022-2028

Industry Insights

[221+ Pages Report] According to Facts and Factors, during the forecast period of 2022 to 2028, the global citrus powder market is estimated to develop at a compound annual growth rate (CAGR) of 7.8%. The global citrus powder market is anticipated to exceed USD 6.5 billion by 2028. The study investigates several elements and their consequences on the growth of the global citrus powder market. 

Market Overview:

Citrus is a genus of flowering plants, trees, and shrubs in the Rutaceae family that produce citrus fruits like grapefruit, oranges, limes, lemons, pomelos, and several other types found around the world. Citrus fruits are used in culinary and non-culinary applications, as well as in the commercialization of citrus-based products. They are primarily used for product processing in the pharmaceutical, cosmetic, food & beverage, and consumer goods industries. The citrus powder is made from citrus fruit; primarily lemon and orange are used in the powdering process. Peeling, cutting, extraction, filtration, drying, and grinding of citrus juice are all steps in the manufacturing process.

COVID-19 Impact

Many manufacturing units in different countries were initially shut down due to the coronavirus pandemic. Manpower shortages have resulted in production stagnation and a reduction in company revenues. The supply chain has been impacted because distribution networks such as stores and supermarkets stores have had to close to prevent mass gatherings, resulting in lower sales and a shortage of products in supermarkets. Manufacturing firms faced a raw material shortage as the raw material supply chain was disrupted due to reduced mobility. The citrus powder market is expected to grow in the post-COVID-19 scenario due to changes in customer purchasing behavior and a greater preference for healthy products.

Growth Drivers

• Rising demand for citrus powder is driving market growth

The rise in demand for natural flavors is projected to boost the market for citrus powder during the forecast period. Moreover, the rising application of citrus powder is expected to propel the global citrus powder market forward. Furthermore, the increased awareness of the benefits of citrus powder over other artificial agents is expected to support the growth of the citrus powder market.

• In personal care products and cosmetics, citrus powder remains the magic ingredient

The cosmetics and personal care industry accounted for more than half of the revenue in the citrus powder market in 2018. Consumer goods containing chemical ingredients, such as cosmetics and personal care products, are being shunned. Consumer awareness of nutrients in citrus powder, including vitamin C, pectin, and antioxidants, is growing in tandem with their preference for natural ingredients. As a result, citrus powder sales are increasing in the cosmetics industry.

Restraints

• Inconsistency in the quality of products may hinder the market growth

The seasonality of obtaining raw materials, such as fruits, is a major stumbling block to market expansion. Climate change has a direct impact on crop production, resulting in price fluctuations and differences in the total cost of the end product. Furthermore, there is a lack of consistency in the quality of products manufactured at times, which is likely to stymie market growth.

Opportunities

• Oranges continue to be consumed in large quantities in the production of citrus powder

In 2018, oranges were used to make nearly 41% of the citrus powder sold globally. The steady increase in orange production is primarily responsible for the increase in the supply of oranges as a raw resource in the global citrus powder market. Key figures in the citrus powder market are anticipated to establish close collaborative projects with farmers or expand their in-house yield of oranges in the coming years to increase manufacturing profitability. Furthermore, the growing use of oranges in citrus powder, which is used in the production of citrus oils, is fueling this trend.

Segmentation Analysis

The global citrus powder market is segmented on the basis of type of product, application, and region.

By type of product, the market is divided into grapefruit, orange, lemon, and others. Among these, the orange segment has the largest share and is expected to grow during the projected timeframe. When compared to other types, the tangy orange flavor has a higher nutritional value and is consumed in greater quantities.

By application, the market is divided into pharmaceutical, cosmetics, confectionery, bakery, food & beverage. Among these, the food & beverages segment has the largest share and is expected to grow steadily over the forecast period. The citrus powder market is also inextricably linked to the dietary supplement and syrup markets. Citrus powder, which is used in cosmetic and skincare products, is expected to grow at a moderate rate over the forecast period.

Report Scope

Regional Landscape

• Europe dominates the global market

Because of the increased consumption of citrus powder, Europe dominates the global citrus powder market. Furthermore, growing population awareness of the health benefits of citrus powder will drive the region's citrus powder market growth during the forecast period. Citrus powder consumption in North America is expected to rise, resulting in significant growth in the citrus powder market. Furthermore, the presence of major key players is projected to boost the market for citrus powder in the region in the near future

Growth opportunities for citrus powder players in the market are increasing in Oceania and South Asia, owing to the rapid expansion of end-use industries such as cosmetics, food & beverages, personal care, and others. A surge in the working population, increased awareness of organic ingredients, a growing interest in grooming habits, and rising disposable income are all expected to aid in the growth of the citrus powder market in South Asian developing countries.

Recent Development

• May 2019: Givaudan SA, the world's largest flavor and fragrance company has diversified its market by acquiring Golden Frog Company, a Vietnamese flavor company, in order to increase its local and regional presence. Following its acquisition, the firm launched a variety of exciting flavors, which is likely to result in a larger customer base.

Competitive Landscape

Some of the major players in the global citrus powder market are :

• Paradiesfrucht Gmbh
• Givaudan SA
• Bluegrass Dairy & Food Inc
• Nanjing NutriHerb BioTech Co. Ltd
• MOUNTAIN ROSE HERBS
• Van Drunen Farms
• Krishna Pectins
• LemonConcentrate S.L.
• Cifal Herbal Private Ltd
• Momar Inc.
• Nutra Green Biotechnology Co. Ltd
• VST Chemical Corp
• Ideal Food Ingredients Ltd.
• Nans Products
• Kanegrade Limited
• Allen Flavors Inc.
• Penta Manufacturing Company
• Cham Foods
• Sunspray Food Ingredients (Pty) Ltd
• Vita-Pakt Citrus Products

The global citrus powder market is segmented as follows:

By Type of Product Segment Analysis

• Grapefruit
• Orange
• Lemon
• Others

By Application Segment Analysis

• Pharmaceutical
• Cosmetics
• Confectionary
• Bakery
• Food & Beverage

By Regional Segment Analysis

• North America
  • The U.S.
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Nordic countries
    • Denmark
    • Finland
    • Iceland
    • Sweden
    • Norway
  • Benelux Reunion
    • Belgium
    • The Netherlands
    • Luxembourg
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Southeast Asia
    • Indonesia
    • Thailand
    • Malaysia
    • Singapore
    • Rest of Southeast Asia
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America