SAN FRANCISCO, U.S., May 10, 2022 (GLOBE NEWSWIRE) — Facts and Factors has published a new research report titled “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” in its research database.
“According to the latest research study, the demand of global Citrus Powder Market size & share is predicted to grow to around USD 6.5 billion by 2028, with a compound annual growth rate (CAGR) of around 7.8% during the forecast period 2022 to 2028.”
What is Citrus Powder? How big is the Citrus Powder Industry?
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.
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- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
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|Market Size in 2021||USD XX Billion|
|Projected Market Size in 2028||USD 6.5 Billion|
|CAGR Growth Rate||7.8% CAGR|
|Key Market Players||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., among others|
|Key Segment||By Type of Product, Application, and Region|
|Major Regions Covered||North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa|
|Purchase Options||Request customized purchase options to meet your research needs. Explore purchase options|
Global Citrus Powder Market: Dynamics
- Rising demand for citrus powder is driving market growth
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.
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 Powder Market: COVID-19 Impact Analysis
As a result of the coronavirus pandemic, many manufacturing facilities in many nations were forced to close their doors. Manpower shortages have resulted in a stalling of production and a decrease in the company’s revenue. The supply chain has been hampered as a result of the closure of distribution networks such as stores and supermarkets in order to prevent large gatherings, resulting in fewer sales and a shortage of products in supermarkets.
Because of limited mobility, manufacturing companies were experiencing a raw material scarcity as a result of the disruption in the raw material supply chain. Because of changes in customer purchasing behaviour and a growing demand for healthy products in the post-COVID-19 scenario, the citrus powder industry is predicted to develop.
Citrus Powder Market: 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, 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.
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Some of the main competitors dominating the global citrus powder market include –
- 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
Key Insights from Primary Research:
- According to our research analyst’s study, the Citrus Powder market is expected to grow at a CAGR of over 7.8% during the forecast period.
- In term of revenue, The Citrus Powder market is expected to grow around US$ 6.5 billion by 2028.
- By type of product, the orange segment has the major share and is estimated to grow during the predictable timeframe.
- By application, the food and beverage segment now holds the largest share of the market and is predicted to continue to grow gradually over the next five years.
- On the basis of region, As a result of the rising use of citrus powder, Europe has consolidated its position as the world’s leading citrus powder market.
Key questions answered in this report:
- What are the top five global Citrus Powder players?
- How will the market look like in five years?
- What are the Citrus Powder market’s drivers and restraints?
- Which region’s market will increase the most?
- What will the Citrus Powder market’s CAGR and size be during the forecast period?
- Which area offers the greatest benefit to the global market?
- What are the business risks, and how will the current situation affect growth and market perception?
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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.
- 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.
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The global citrus powder market is segmented as follows:
By Type of Product
- Food & Beverage
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Rest of Latin America
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