Global Citrus Powder Market Size Expected to Reach USD 6.5 Billion By 2028

27-Apr-2022 | Facts and Factors

According to the Facts & Factors Research report, the global citrus powder market is predicted to grow to around 6.5 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 7.8%.

The citrus powder manufacturing sector creates and sells a dried powder of citrus peel with aromatic flavors. The citrus powder has a tart fruit flavor and is high in Vitamin C. It is primarily used as a flavoring agent in the food and beverage industries. Orange, grapefruit, lime, mandarin, lemon, and bergamot are among the citrus powders. Among all these, orange fruit powder is the most widely used and consumed in terms of volume. Increased demand for natural products, as well as increased use of citrus powder as a flavoring agent in confectionary, food & beverages, and bakery, drives an upsurge in demand for citrus powder in the global market.

Browse the full “Citrus Powder Market By Type of Product (Grapefruit, Orange, Lemon, and Others), By Application (Pharmaceutical, Cosmetics, Confectionary, Bakery, Food & Beverage), and By Region-Global and Regional Industry Trends, Competitive Intelligence, Analysis of Data, Statistical Data, and Forecast 2022-2028" report at https://www.fnfresearch.com/citrus-powder-market

Citrus fruits are commonly used in the food & beverage industries to make jam, lemonade, marmalade, drinks, juice, and citrus powder. The citrus powder is also used for both residential and commercial purposes. Bakeries and confectioneries use citrus powder to flavor sugary treats, candies, and other products. The increase in innovation & technology, funding for research, improved storage life of citrus powder, improvement of nutritional attributes of the product, increase in health consciousness, availability of variants, expanding commercial use such as skincare & cosmetic products, minimization of waste products, the product's sustainability, and potential health benefits lead to the growth of the global citrus powder market.

However, the availability of alternative products, increased market competition, traditional methods of product processing at home, seasonal availability of citrus fruits, and varying raw material prices all impede the market growth. Growth of new products, investment in new technology, collaboration with suppliers, the addition of new flavor variants, quality improvement, and the implementation of effective manufacturing practices, on the other hand, open up new avenues in the industry.

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, tangy orange flavor has a higher nutritional value and is consumed in greater quantities. By application, the market is divided into pharmaceutical, cosmetics, confectionary, 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.

Europe tends to dominate the global citrus powder market as a result of increased consumption. Furthermore, rising population awareness of citrus powder's health benefits will drive the region's market growth over the forecast period. Citrus powder consumption is expected to rise in North America, resulting in substantial growth in the citrus powder market. Moreover, the presence of key players is expected to drive the citrus powder market in the region in the coming days. Citrus powder market players are seeing increased growth opportunities in Oceania and South Asia due to the significant expansion of end-use industry sectors such as cosmetics, food & beverages, personal care, and others. A rise in the working-age population, greater awareness of natural foods, a strong interest in grooming habits, and rising income levels are all expected to help the citrus powder market in South Asian developing countries grow.

Report Scope

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, and Vita-Pakt Citrus Products.

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.

The global citrus powder market is segmented as follows:

By Type of Product

• Grapefruit
• Orange
• Lemon
• Others

By Application

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

By Region

• 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

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