The citrus concentrate market is meant to provide a safe flavor choice in the production of juices, soft drinks, ice creams, syrups, and candy products. Citrus concentrate is processed, which means its water content is evaporated after extracting the real fruit juice like from orange and lemon and then dried up to make a powder. This powder form of juice is known as concentrate. Citrus concentrate also refers to the natural source of vitamins and minerals that are consumed by people to obtain vitamin A, B1, C, and A, potassium, and sulphur, which helps in strengthening the immune system and prevent mucosal infections. The citrus concentrates are a mixture of orange concentrate, grapefruit concentrate or lemon concentrate is also added to form citrus concentrate.
Manufacturers of alcoholic and non-alcoholic beverages, such as vodka and other soft drinks are using citrus concentrate in their products due to its high popularity of citrus concentrate among consumer along with their demand for unique flavor . This leads to inclination of alcohol and non-alcoholic beverages’ manufacturers towards the use of citrus concentrate for manufacturing premium beverages. This is attributable to the increase in the consumption of refreshing juice, which can be made by mixing citrus concentrate with water. Also, citrus ingredients are most popular and recognized natural flavors among consumers and manufacturers.
To gain more profits, manufacturers in the citrus concentrate market strive to offer clean label and the natural citrus concentrate products and ingredients for a wide range of applications in the food and the beverage industry. Moreover, citrus concentrate offers several health benefits and are widely used in the pharmaceutical industry as well. Citrus concentrate is a safe flavor choice in the production of juice, ice creams, syrups, and others due to the global consumer acceptance, which ultimately leads manufacturers to prepare custom-made concentrates for the global food and beverage industry.
During the time of COVID-19 pandemic, the demand for citrus concentrate was high as citrus is an excellent source of vitamin C and thus provided consumer with higher immune strength. It also provides huge number of fibers, contains lower number of calories, and decreases the risk of kidney stones. The citrus concentrate has an easy to carry packing long shelf-life and is easy to store, which further attracts new consumer base and is the key driver to the global market. The market in Asia-Pacific region is dominating the growth of the citrus concentrate market due to the increase in popularity of citrus fruits. Manufacturers of alcoholic and non-alcoholic beverages are increasing the consumption of citrus concentrate in their beverages owing to consumer demand for unique taste thus boosting the growth of the citrus concentrate market.
North America and Europe are having major demand for citrus concentrate due to the increasing awareness among consumers for the health benefits available through citrus concentrate beverages. Increased in intake of variety of food and drink products coupled with the increasing hectic lifestyle among the consumers increases the consumption of ready to drink products, which is making positive impact on the market.
However, the rising number of rules and regulations by the government related to the implementation of new protocols and measurements to maintain the quality of the product is a major factor that is impacting the growth of the market. Moreover, loss of perishable raw materials, especially while storage and transportation is likely to have a negative impact on the market growth in the upcoming future.
The citrus concentrate market is segmented into source, nature, end use, form, and region. On the basis of source, the market is bifurcated into oranges, lemons & limes, grapefruits, tangerines, and others. On the basis of nature, the market is bifurcated into organic and conventional. On the basis of form, it is bifurcated into dry and liquid. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the citrus concentrate market analysis from 2021 to 2031 to identify the prevailing citrus concentrate market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the citrus concentrate market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global citrus concentrate market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Source
- Oranges
- Lemons and Limes
- Grapefruits
- Tangerines
- Others
By Nature
- Conventional
- Organic
By End Use
- Food and Beverage Industry
- Pharmaceuticals
- Nutraceuticals
- Others
By Form
- Dry
- Sales channel
- B2C
- B2B
- Liquid
- Sales channel
- B2C
- B2B
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- UK
- Italy
- Germany
- France
- Spain
- The Netherlands
- Switzerland
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Thailand
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Dohler GmbH
- Bell Flavors & Fragrances
- Prodalium Group
- CitroGlobe Srl
- Lemonconcentrate S. L. U
- Iprona SpA
- Louis Dreyfus Company
- Citrus Systems Inc.
- Asia Farm F&B Pte Ltd
- SunOpta
- Vinayak Corporation
- Kiril Mischeff
- Symrise
- Ingredient Inc.
- Sensient Technologies Corporation
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Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: CITRUS CONCENTRATE MARKET, BY SOURCE
4.1 Overview
4.1.1 Market size and forecast
4.2 Oranges
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Lemons and Limes
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Grapefruits
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Tangerines
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Others
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
CHAPTER 5: CITRUS CONCENTRATE MARKET, BY NATURE
5.1 Overview
5.1.1 Market size and forecast
5.2 Conventional
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Organic
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: CITRUS CONCENTRATE MARKET, BY END USE
6.1 Overview
6.1.1 Market size and forecast
6.2 Food and Beverage Industry
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Pharmaceuticals
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Nutraceuticals
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Others
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
CHAPTER 7: CITRUS CONCENTRATE MARKET, BY FORM
7.1 Overview
7.1.1 Market size and forecast
7.2 Dry
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.2.4 Dry Citrus Concentrate Market by Sales channel
7.3 Liquid
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country
7.3.4 Liquid Citrus Concentrate Market by Sales channel
CHAPTER 8: CITRUS CONCENTRATE MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Source
8.2.3 North America Market size and forecast, by Nature
8.2.4 North America Market size and forecast, by End Use
8.2.5 North America Market size and forecast, by Form
8.2.6 North America Market size and forecast, by country
8.2.6.1 U. S.
8.2.6.1.1 Market size and forecast, by Source
8.2.6.1.2 Market size and forecast, by Nature
8.2.6.1.3 Market size and forecast, by End Use
8.2.6.1.4 Market size and forecast, by Form
8.2.6.2 Canada
8.2.6.2.1 Market size and forecast, by Source
8.2.6.2.2 Market size and forecast, by Nature
8.2.6.2.3 Market size and forecast, by End Use
8.2.6.2.4 Market size and forecast, by Form
8.2.6.3 Mexico
8.2.6.3.1 Market size and forecast, by Source
8.2.6.3.2 Market size and forecast, by Nature
8.2.6.3.3 Market size and forecast, by End Use
8.2.6.3.4 Market size and forecast, by Form
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Source
8.3.3 Europe Market size and forecast, by Nature
8.3.4 Europe Market size and forecast, by End Use
8.3.5 Europe Market size and forecast, by Form
8.3.6 Europe Market size and forecast, by country
8.3.6.1 UK
8.3.6.1.1 Market size and forecast, by Source
8.3.6.1.2 Market size and forecast, by Nature
8.3.6.1.3 Market size and forecast, by End Use
8.3.6.1.4 Market size and forecast, by Form
8.3.6.2 Italy
8.3.6.2.1 Market size and forecast, by Source
8.3.6.2.2 Market size and forecast, by Nature
8.3.6.2.3 Market size and forecast, by End Use
8.3.6.2.4 Market size and forecast, by Form
8.3.6.3 Germany
8.3.6.3.1 Market size and forecast, by Source
8.3.6.3.2 Market size and forecast, by Nature
8.3.6.3.3 Market size and forecast, by End Use
8.3.6.3.4 Market size and forecast, by Form
8.3.6.4 France
8.3.6.4.1 Market size and forecast, by Source
8.3.6.4.2 Market size and forecast, by Nature
8.3.6.4.3 Market size and forecast, by End Use
8.3.6.4.4 Market size and forecast, by Form
8.3.6.5 Spain
8.3.6.5.1 Market size and forecast, by Source
8.3.6.5.2 Market size and forecast, by Nature
8.3.6.5.3 Market size and forecast, by End Use
8.3.6.5.4 Market size and forecast, by Form
8.3.6.6 The Netherlands
8.3.6.6.1 Market size and forecast, by Source
8.3.6.6.2 Market size and forecast, by Nature
8.3.6.6.3 Market size and forecast, by End Use
8.3.6.6.4 Market size and forecast, by Form
8.3.6.7 Switzerland
8.3.6.7.1 Market size and forecast, by Source
8.3.6.7.2 Market size and forecast, by Nature
8.3.6.7.3 Market size and forecast, by End Use
8.3.6.7.4 Market size and forecast, by Form
8.3.6.8 Rest of Europe
8.3.6.8.1 Market size and forecast, by Source
8.3.6.8.2 Market size and forecast, by Nature
8.3.6.8.3 Market size and forecast, by End Use
8.3.6.8.4 Market size and forecast, by Form
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Source
8.4.3 Asia-Pacific Market size and forecast, by Nature
8.4.4 Asia-Pacific Market size and forecast, by End Use
8.4.5 Asia-Pacific Market size and forecast, by Form
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 China
8.4.6.1.1 Market size and forecast, by Source
8.4.6.1.2 Market size and forecast, by Nature
8.4.6.1.3 Market size and forecast, by End Use
8.4.6.1.4 Market size and forecast, by Form
8.4.6.2 Japan
8.4.6.2.1 Market size and forecast, by Source
8.4.6.2.2 Market size and forecast, by Nature
8.4.6.2.3 Market size and forecast, by End Use
8.4.6.2.4 Market size and forecast, by Form
8.4.6.3 India
8.4.6.3.1 Market size and forecast, by Source
8.4.6.3.2 Market size and forecast, by Nature
8.4.6.3.3 Market size and forecast, by End Use
8.4.6.3.4 Market size and forecast, by Form
8.4.6.4 South Korea
8.4.6.4.1 Market size and forecast, by Source
8.4.6.4.2 Market size and forecast, by Nature
8.4.6.4.3 Market size and forecast, by End Use
8.4.6.4.4 Market size and forecast, by Form
8.4.6.5 Australia
8.4.6.5.1 Market size and forecast, by Source
8.4.6.5.2 Market size and forecast, by Nature
8.4.6.5.3 Market size and forecast, by End Use
8.4.6.5.4 Market size and forecast, by Form
8.4.6.6 Indonesia
8.4.6.6.1 Market size and forecast, by Source
8.4.6.6.2 Market size and forecast, by Nature
8.4.6.6.3 Market size and forecast, by End Use
8.4.6.6.4 Market size and forecast, by Form
8.4.6.7 Thailand
8.4.6.7.1 Market size and forecast, by Source
8.4.6.7.2 Market size and forecast, by Nature
8.4.6.7.3 Market size and forecast, by End Use
8.4.6.7.4 Market size and forecast, by Form
8.4.6.8 Rest of Asia-Pacific
8.4.6.8.1 Market size and forecast, by Source
8.4.6.8.2 Market size and forecast, by Nature
8.4.6.8.3 Market size and forecast, by End Use
8.4.6.8.4 Market size and forecast, by Form
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Source
8.5.3 LAMEA Market size and forecast, by Nature
8.5.4 LAMEA Market size and forecast, by End Use
8.5.5 LAMEA Market size and forecast, by Form
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Latin America
8.5.6.1.1 Market size and forecast, by Source
8.5.6.1.2 Market size and forecast, by Nature
8.5.6.1.3 Market size and forecast, by End Use
8.5.6.1.4 Market size and forecast, by Form
8.5.6.2 Middle East
8.5.6.2.1 Market size and forecast, by Source
8.5.6.2.2 Market size and forecast, by Nature
8.5.6.2.3 Market size and forecast, by End Use
8.5.6.2.4 Market size and forecast, by Form
8.5.6.3 Africa
8.5.6.3.1 Market size and forecast, by Source
8.5.6.3.2 Market size and forecast, by Nature
8.5.6.3.3 Market size and forecast, by End Use
8.5.6.3.4 Market size and forecast, by Form
CHAPTER 9: COMPANY LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Key developments
CHAPTER 10: COMPANY PROFILES
10.1 DOHLER
10.1.1 Company overview
10.1.2 Company snapshot
10.1.3 Operating business segments
10.1.4 Product portfolio
10.1.5 Business performance
10.1.6 Key strategic moves and developments
10.2 Bell Flavors & Fragrances
10.2.1 Company overview
10.2.2 Company snapshot
10.2.3 Operating business segments
10.2.4 Product portfolio
10.2.5 Business performance
10.2.6 Key strategic moves and developments
10.3 Prodalium Group
10.3.1 Company overview
10.3.2 Company snapshot
10.3.3 Operating business segments
10.3.4 Product portfolio
10.3.5 Business performance
10.3.6 Key strategic moves and developments
10.4 CitroGlobe Srl
10.4.1 Company overview
10.4.2 Company snapshot
10.4.3 Operating business segments
10.4.4 Product portfolio
10.4.5 Business performance
10.4.6 Key strategic moves and developments
10.5 Lemonconcentrate S. L. U
10.5.1 Company overview
10.5.2 Company snapshot
10.5.3 Operating business segments
10.5.4 Product portfolio
10.5.5 Business performance
10.5.6 Key strategic moves and developments
10.6 Iprona SpA
10.6.1 Company overview
10.6.2 Company snapshot
10.6.3 Operating business segments
10.6.4 Product portfolio
10.6.5 Business performance
10.6.6 Key strategic moves and developments
10.7 Louis Dreyfus Company
10.7.1 Company overview
10.7.2 Company snapshot
10.7.3 Operating business segments
10.7.4 Product portfolio
10.7.5 Business performance
10.7.6 Key strategic moves and developments
10.8 Citrus Systems Inc.
10.8.1 Company overview
10.8.2 Company snapshot
10.8.3 Operating business segments
10.8.4 Product portfolio
10.8.5 Business performance
10.8.6 Key strategic moves and developments
10.9 Asia Farm F&B Pte Ltd
10.9.1 Company overview
10.9.2 Company snapshot
10.9.3 Operating business segments
10.9.4 Product portfolio
10.9.5 Business performance
10.9.6 Key strategic moves and developments
10.10 sunopta
10.10.1 Company overview
10.10.2 Company snapshot
10.10.3 Operating business segments
10.10.4 Product portfolio
10.10.5 Business performance
10.10.6 Key strategic moves and developments
10.11 Vinayak Corporation
10.11.1 Company overview
10.11.2 Company snapshot
10.11.3 Operating business segments
10.11.4 Product portfolio
10.11.5 Business performance
10.11.6 Key strategic moves and developments
10.12 Kiril Mischeff
10.12.1 Company overview
10.12.2 Company snapshot
10.12.3 Operating business segments
10.12.4 Product portfolio
10.12.5 Business performance
10.12.6 Key strategic moves and developments
10.13 Symrise
10.13.1 Company overview
10.13.2 Company snapshot
10.13.3 Operating business segments
10.13.4 Product portfolio
10.13.5 Business performance
10.13.6 Key strategic moves and developments
10.14 Sensient Technologies Corporation
10.14.1 Company overview
10.14.2 Company snapshot
10.14.3 Operating business segments
10.14.4 Product portfolio
10.14.5 Business performance
10.14.6 Key strategic moves and developments
10.15 Ingredient Inc.
10.15.1 Company overview
10.15.2 Company snapshot
10.15.3 Operating business segments
10.15.4 Product portfolio
10.15.5 Business performance
10.15.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Citrus Concentrate Market,' the Citrus Concentrate Market Size was at $7.8 billion in 2021, and is estimated to reach $12.9 billion by 2031, growing at a CAGR of 5.3% from 2022 to 2031.The citrus concentrate market is meant to provide a safe flavor choice in the production of juices, soft drinks, ice creams, syrups, bakery products, candy products, and others. Citrus concentrate is processed, which means its water content is evaporated after extracting the real fruit juice like from orange and lemon and then dried up to make a powder. This powder form of juice is known as concentrate. Citrus concentrate also refers to the natural source of vitamins and minerals that are consumed by people to obtain vitamin A, B1, C, and A, potassium, and sulphur, which helps in strengthening the immune system and prevents mucosal infections. The citrus concentrates are a mixture of orange concentrate, grapefruit concentrate or lemon concentrate, that is being consumed directly or along with water based on requirement.
Many key players in the global market are coming up with various new formulations and products in the citrus concentrate market to cater the increasing demand for products among consumers.The major factor that drives the growth of the Citrus Concentrate Market Trends is owing to increasing demand from beverage manufacturers. This is attributable to increase in the consumption of refreshing juice, which can be made by mixing citrus concentrate with water. Also, citrus ingredients are most popular and recognized natural flavors among consumers and manufacturers. Moreover, citrus concentrate offers several health benefits and are widely used in the pharmaceutical industry. The citrus concentrate is a safe flavor choice in the production of juice, ice creams, syrups, and others due to the global consumers’ acceptance, which ultimately leads manufacturers to prepare the custom-made concentrates for the global food and beverage industry.
Despite the growing influence of the pandemic, the citrus concentrate market witnessed remarkable growth in recent period. The COVID-19 outbreak has led to rise in Citrus Concentrate Market Demand for healthy drinks and various beverages, which contain citrus concentrate. The citrus concentrate is an excellent source of vitamin C, which helps in building immunity and hence leads to the increasing demand among consumers. . It also provides a sufficient number of fibers and also contains a lower number of calories, which reduces the risk of kidney stones and fight against other diseases as well. Furthermore, the increasing adoption among end user’s industries due to its ability to improve the profile of the product and enhance the nutritional content is making a positive impact on citrus concentrates at the global level. The citrus concentrate is packed in can thus making it easy to carry, long shelf-life, and is easy to store, which is further attracting new consumer base and is a key driver for the Citrus Concentrate Market Share.
The citrus concentrate market is expected to witness significant growth, owing to rapid urbanization and less time for preparing food thus consumer are shifting toward ready to drink and eat products. . This factor has increased the demand for packed and convenience food products, which indirectly drives the Citrus Concentrate Market Growth. Increasing spending power of consumers along with the shift in the individual preference to healthy diet pattern is encouraging them to adopt healthy beverage options, which includes fruit juice, which is expected to make positive impact on the market in the upcoming future. Growing consumer demand for effective flavors, and taste has led to huge investments by key players to develop citrus food and beverage products and cater to the increase in consumer demand. Also, consumer inclination toward natural and organic flavors has led to a surge in R&D efforts in the citrus concentrate industry. At present, many leading market players are focusing on R&D to develop new types of concentrates for new flavors.
Some of the key players in the citrus concentrate industry include Dohler, Bell Flavors & Fragrances, Prodalium Group, CitroGlobe Srl, LemonConcentrate S.L, Iprona SpA, El-Marwa Food Industries Co., Louis Dreyfus Company, Citrus Processing India Pvt. Ltd., Citrus Systems Inc., Asia Farm F&B Pte Ltd, SunOpta, Vinayak Ingredients India Pvt. Ltd, and Kiril Mischeff.
Companies Mentioned
- Dohler GmbH
- Bell Flavors & Fragrances
- Prodalium Group
- Citroglobe Srl
- Lemonconcentrate S.L.U
- Iprona Spa
- Louis Dreyfus Company
- Citrus Systems Inc.
- Asia Farm F&B Pte Ltd.
- Sunopta
- Vinayak Corporation
- Kiril Mischeff
- Symrise
- Ingredient Inc.
- Sensient Technologies Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 330 |
Published | October 2022 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD | $ 7765 million |
Forecasted Market Value ( USD | $ 12853 million |
Compound Annual Growth Rate | 5.2% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |