Global Citrus Flavor Market- Market Overview:

The global citrus flavor market is expected to grow from USD 2 billion in 2022 to USD 2.63 billion by 2030, at a CAGR of 3.5% during the Projection period 2023-2030. The growth of the citrus flavor market is mainly driven by the increase in demand.

The flavour that comes from citrus fruits is known as citrus flavour. Citrus fruits like oranges, lemons, and grapefruit are a few examples. D-limonene, which gives citrus its characteristic flavour and scent, is present in these fruits. There are numerous techniques to extract this flavour, but one method is chromatography, a procedure in which flavour is extracted using chemicals or solvents. Because of its numerous advantages, including acting as a potent flavouring agent in baked goods and fruit beverages, as an immunity booster, maintaining healthy skin, and treating constipation, it is expected to become increasingly used in carbonated soft drinks, fruit beverages, sports & energy drinks, food, and other industries. The increased demand for natural colouring and flavouring ingredients in foods and beverages, such as soft drinks, confectionary, herbal tea, and packaged fruit drinks, due to their nutritional and health benefits, has been fueled by people's growing awareness of the detrimental effects of artificial synthetic colouring and flavouring agents on their health. To meet consumer demand, a number of businesses are extending the variety of foods and beverages they provide that contain natural citrus extracts. For instance, TREATT, a maker of natural extracts and ingredients, expanded its selection of TreattClear, natural citrus extracts in April 2022 for the beverage sector because citrus is a top trending ingredient that is being pushed by the population's rising health consciousness.

Sample Request: - Global Citrus Flavor Market

Market Dynamics:

Drivers:                          

• Increase Demand

Consumers are anticipated to become more aware of the advantages of consuming natural citrus flavours for their health. It raises the body's antioxidant levels and lowers the risk of developing certain metabolic illnesses including diabetes. Additionally, it aids in maintaining an obese person's weight and encourages a variety of foods for the body. Thus, rising consumer knowledge of the health advantages of citrus tastes is promoting market expansion. The global accessibility of a wide variety of citrus flavours is fostering market expansion. For instance, the premium citrus flavours produced by Frutarom Switzerland Ltd. include tangerine, orange, lemon, lime, grapefruit, and others.

Restraints:                                             

• Health Issues

The demand for synthetically made natural citrus-flavored food is being hampered by growing awareness about the severe health impacts of artificial flavour due to the toxic chemicals involved in the taste. Turpentine, for instance, a chemical used to make artificial citrus flavours, can irritate the skin and eyes among other health problems.

Opportunities:

• Rise in Technology

New market opportunities are anticipated as the major manufacturer focuses more on modernising the current technology for offering a wide range of citrus flavours. The market growth of the citrus tastes is once more being driven by an emerging application, such as flavoured alcohol, including spirits and malted beverages. The global market for flavoured alcohol and other beverages is expected to rise, which will help citrus flavours in the near future. Over the Projection period, it is anticipated that the increased popularity of unique citrus flavours would present lucrative opportunities. This is due to consumers' preferences shifting toward a variety of food products with unique citrus flavours.

Challenges:

• Lower Demand for Flavoured Drinks

Consumer desire for non-caloric beverages is on the rise, which is limiting market expansion. To improve the flavour of citrus drinks, artificial sweeteners are frequently employed in the citrus flavour. As a result, the demand for drinks flavoured with citrus is somewhat reduced, which hinders the market expansion of citrus flavours.

Segmentation Analysis:

The global citrus flavor market has been segmented based on type, application and region.

By Type

The type segment is an artificial ingredients and natural ingredients. The natural ingredients segment led the largest share of the citrus flavor market with a market share of around 55% in 2022. Plants and other naturally occurring sources are the source of natural components. Without the use of artificial ingredients or tastes, they give food and beverage goods a clean, fresh taste. Natural citrus flavours are employed in a variety of products, including dairy products, savoury dishes, sweets, and beverages. The impression that natural ingredients are healthier and more environmentally friendly than artificial flavours is the reason for their growing appeal.

By Application

The application segment is Savoury, Beverages, Dairy and Confectionary. The beverages segment led the largest share of the citrus flavor market with a market share of around 46% in 2022. Numerous beverages, including carbonated drinks, energy drinks, and fruit juices, use the citrus flavour. It imparts a crisp flavour to the beverage and hides the bitterness of some ingredients. Additionally, it aids in extending the beverage's shelf life. Coca-Cola, Pepsi, and Mountain Dew are a few of the well-known companies that incorporate citrus tastes in their products.

Global Citrus Flavor Market- Sales Analysis.

The sale of the citrus flavor market expanded at a CAGR of 2.1% from 2016 to 2022.

One of the extensively utilised flavouring ingredients in the food and beverage sector is citrus tastes. It improves the flavour of food goods while also providing vitamins, minerals, and other substances that are beneficial to health. Citrus fruits and tastes are also excellent food choices for those with type 2 diabetes. In North America, the U.S. consumes the most citrus extracts. Due to rising demand for natural flavouring and fragrance agents in carbonated soft drinks, sports & energy drinks, fruit beverages, meals, and confectionary due to an ageing population, the market for the product is anticipated to expand significantly over the Projection period.

The confectionery industry in the United States is estimated to be worth USD 35 billion, making it the largest market in the world. Mars and Hershey are the two leading market competitors. Citrus extracts are widely used in the food sector, particularly in the confectionery industry, which boosts demand for them in the U.S. market. Because of the sizeable market for food and beverages in the U.S., which is home to roughly 2,445 businesses, including NESTLÉ SA, COCA-COLA CO., and PEPSICO INC., the country imports a significant amount of citrus fruits from Mexico, Chile, South Africa, and Peru. The increased demand for citrus extracts in beverages is the cause of this rise in imports.

Thus, owing to the aforementioned factors, the global citrus flavor market is expected to grow at a CAGR of 3.5% during the Projection period from 2023 to 2030.

By Regional Analysis:

The regions analyzed for the citrus flavor market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Europe  region dominated the citrus flavor market and held a 37% share of the market revenue in 2022.

• The Europe region witnessed a major share. Because the food and beverage industries are growing in nations like Germany, France, and the United Kingdom, with Germany being the largest market for non-alcoholic beverages such fruit drinks and sports drinks. Germany, France, the United Kingdom, and Italy are the market leaders in Europe, which is one of the biggest regions for bakery products. Despite being a producer of citrus fruits, Europe imports around 40% of South Africa's total production because of rising demand for citrus extracts, which lend a natural, potent taste to baked goods while also boosting their nutritious content.
• Asia-Pacific is anticipated to experience significant growth during the Projection period. China is the world's top producer and consumer of citrus fruit. Around 25 to 30 percent of the world's total citric fruit production as of 2020 was produced in China. China is the world's second-largest market for non-alcoholic beverages and the third-largest market for confectionary, which explains the rise in the consumption of citrus fruits and their extracts in these products. Due to rising customer demand for natural, sustainable, and high-quality products, India's food processing and beverage industries are experiencing rapid growth. According to FnB, India's food processing industry ranks sixth globally and accounts for 70% of total sales, 13% of exports, and 6% of industrial investment.

Global Citrus Flavor Market - Country Analysis:

• Germany

Germany's citrus flavor market size was valued at USD 0.28 billion in 2022 and is expected to reach USD 0.38 billion by 2030, at a CAGR of 3.9% from 2023 to 2030. Some of the key factors that will propel this business forward in the upcoming years include expanding customer demand for dairy goods and beverages as well as health concerns about artificial flavours.

• China

China’s citrus flavor market size was valued at USD 0.21  billion in 2022 and is expected to reach USD 0.37 billion by 2030, at a CAGR of 3.5% from 2023 to 2030. Citrus fruit is mostly produced and consumed in China. As of 2020, China produced between 25 and 30 percent of the world's total production of citrus fruits. The increase in the consumption of citrus fruits and their extracts in these goods can be attributed to China being the second-largest market for non-alcoholic drinks and the third-largest market for confectionery in the world.

• India

India's citrus flavor market size was valued at USD 0.19 billion in 2022 and is expected to reach USD 0.24 billion by 2030, at a CAGR of 3.1% from 2023 to 2030. The food processing and beverage sectors in India are expanding quickly as a result of the growing consumer demand for natural, sustainable, and high-quality products. India's food processing sector, which ranks sixth internationally and generates 70% of total sales, 13% of exports, and 6% of industrial investment, is cited by FnB.

Key Industry Players Analysis:

To increase their market position in the global citrus flavor market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.       

• Botanic Healthcare
• Kerry
• Global Essence
• XENA BIOHERBALS PRIVATE LIMITED
• Plantae Extracts Private Limited
• Citrus Extracts LLC.
• Qingdao Vital Nutraceutical Ingredients BioScience Co., Ltd (VNI)
• Henry Lamotte Oils GmbH
• Green Chem
• HUNAN HUACHENG BIOTECH INC.
• CRODAROM SA

Latest Development:

• In June 2021, JPL Flavours said that it intended to increase the size of its Neston production facility in order to fulfil growing demand from the food, dairy, personal care, health and nutrition, and confectionary industries.
• In June 2021, Symrise AG opened its cutting-edge development, application, and sensory facilities in Dubai with the aim of deciphering, creating, and delivering successful taste solutions for top food and beverage businesses.

Report Metrics

Report Attribute	Details
Study Period	2022-2030
Base year	2022
CAGR (%)	3.5%
Market Size	2 billion in 2022
Projection period	2023-2030
Projection unit	Value (USD)
Segments covered	By Type, By Application, and By Region.
Report Scope	Revenue Projection, competitive landscape, company ranking, growth factors, and trends
Companies covered	Botanic Healthcare, Kerry, Global Essence, XENA BIOHERBALS PRIVATE LIMITED, Plantae Extracts Private Limited, Citrus Extracts LLC., Qingdao Vital Nutraceutical Ingredients BioScience Co., Ltd (VNI), Henry Lamotte Oils GmbH, Green Chem, HUNAN HUACHENG BIOTECH INC., and CRODAROM SA.
By Type	Artificial Ingredients Natural Ingredients
By Application	Savoury Beverages Dairy Confectionary
Regional scope	North America Europe Asia-Pacific South America Middle East and Africa

Scope of the Report

Global Citrus Flavor Market By Type:

• Artificial Ingredients
• Natural Ingredients

Global Citrus Flavor Market  By Application:

• Savoury
• Beverages
• Dairy
• Confectionary

Global Citrus Flavor Market By Region:

• North America
  • USA
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
• Asia-Pacific
  • Japan
  • China
  • India
  • Korea
  • Southeast Asia
• South America
  • Brazil
  • Peru
• Middle East and Africa
  • UAE
  • South Africa
  • Saudi Arabia

Political Factors- The protests held by pressure groups, social and environmental activists, and labor unions should be carefully taken into account by the citrus flavor market because they are crucial to the formulation of regulations. By collaborating closely with these organizations, the citrus flavor market may be better able to engage the public and meet long-term business objectives. Strong political institutions and a democratic political climate also improve the business climate for industries like that of furan resins. The business environment is negatively impacted by both bureaucracy and corruption. The operations of the citrus flavor market are becoming increasingly unpredictable in nations with high levels of corruption and insufficient law enforcement because of the decreased public trust in business organizations and the general political and economic climate.

Economic Factors- The availability of skilled workers and earnings are impacted by the supply and demand of labor. To understand how to attract great people and utilize their skills to boost business performance, the citrus flavor market must analyze and Projection the state of the labor market. The market for citrus flavor market can benefit from higher labor productivity when labor markets are free. Operating in tight labor markets, however, may lead to problems with wages as well as other difficulties brought up by persistent labor unions. The citrus flavor market should carefully evaluate the availability of qualified human resources as well, as a dearth of these people can have an impact on business productivity and make it more difficult to recruit and retain talent.

Social factors- International marketing managers view culture as a key component. Every culture has its own set of standards and beliefs, which are crucial in determining how people behave as consumers. The citrus flavor market should establish local partnerships and teams to better comprehend local perspectives and social mores in order to develop marketing strategies that are appropriate for the local context. For the market for furan resins, keeping track of social class stratification is beneficial. The citrus flavor market will need to implement specialized marketing tactics to provide luxury goods at premium rates to a market where the high-end consumer is relatively tiny. In areas with limited social class stratification, market segmentation based on social class may also fail.

Technological Factors- In order to understand how new technologies affect the firm's value chain and current cost structure, the citrus flavor market needs to take into account both the micro and macro expenditures made by competitors. When creative disruption occurs frequently, research and development initiatives are crucial. To increase profits in this situation, the citrus flavor market should make investments in disruptive technologies and then reinvest the earnings in the development of new disruptive technologies. The lifespan of producing new goods has been decreased by the application of new technology. New product development is completed swiftly today, and supply chain partners also wield more power.

Environmental Factors- In order to understand how new technologies affect the firm's value chain and current cost structure, the citrus flavor market needs to take into account both the micro and macro expenditures made by competitors. When creative disruption occurs frequently, research and development initiatives are crucial. To increase profits in this situation, the citrus flavor market should make investments in disruptive technologies and then reinvest the earnings in the development of new disruptive technologies. The lifespan of producing new goods has been decreased by the application of new technology. New product development is completed swiftly today, and supply chain partners also wield more power.

Legal Factors- Due to customers' concerns over their security and privacy, data protection has grown to be a serious issue. To safeguard customer data, the citrus flavor market must look into data protection laws. Additionally, laws are in place to control costs, guarantee a particular level of quality, and shield customers from deceptive advertising promises. To comply with consumer protection rules, the citrus flavor market industry must take a few things into account. The purpose of intellectual property laws is to safeguard the valuable ideas and patents that companies own. Losing a competitive edge as a result of failing to preserve intellectual property rights may impair the position of the citrus flavor market relative to other market participants.

1. Introduction
   • 1. Objectives of the Study
   • 2. Market Definition
   • 3. Research Scope
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
   • 1. Porter’s Five Forces Analysis
   • 2. Value Chain Analysis
   • 3. Top Investment Pockets
     • 3.1. Market Attractiveness Analysis By Type
     • 3.2. Market Attractiveness Analysis By Application
     • 3.3. Market Attractiveness Analysis By Region
   • 4. Industry Trends
5. Market Dynamics
   • 1. Market Evaluation
   • 2. Drivers
     • 2.1. Increase Demand
   • 3. Restraints
     • 3.1. Health Issues
   • 4. Opportunities
     • 4.1. Rise in Technology
   • 5. Challenges
     • 5.1. Lower Demand for Flavoured Drinks

6. Global Citrus Flavor Market Analysis and Projection, By Type
   • 1. Segment Overview
   • 2. Artificial Ingredients
   • 3. Natural Ingredients
7. Global Citrus Flavor Market Analysis and Projection, By Application
   • 1. Segment Overview
   • 2. Savoury
   • 3. Beverages
   • 4. Dairy
   • 5. Confectionary
8. Global Citrus Flavor Market Analysis and Projection, By Regional Analysis
   • 1. Segment Overview
   • 2. North America
     • 2.1. U.S.
     • 2.2. Canada
     • 2.3. Mexico
   • 3. Europe
     • 3.1. Germany
     • 3.2. France
     • 3.3. U.K.
     • 3.4. Italy
     • 3.5. Spain
   • 4. Asia-Pacific
     • 4.1. Japan
     • 4.2. China
     • 4.3. India
   • 5. South America
     • 5.1. Brazil
   • 6. Middle East and Africa
     • 6.1. UAE
     • 6.2. South Africa

9. Global Citrus Flavor Market-Competitive Landscape
   • 1. Overview
   • 2. Market Share of Key Players in the Citrus Flavor Market
     • 2.1. Global Company Market Share
     • 2.2. North America Company Market Share
     • 2.3. Europe Company Market Share
     • 2.4. APAC Company Market Share
   • 3. Competitive Situations and Trends
     • 3.1. Technology Launches and Developments
     • 3.2. Partnerships, Collaborations, and Agreements
     • 3.3. Mergers & Acquisitions
     • 3.4. Expansions

10. Company Profiles
    • Botanic Healthcare
      • 1.1. Business Overview
      • 1.2. Company Snapshot
      • 1.3. Company Market Share Analysis
      • 1.4. Company Technology Portfolio
      • 1.5. Recent Developments
      • 1.6. SWOT Analysis
    • Kerry
      • 2.1. Business Overview
      • 2.2. Company Snapshot
      • 2.3. Company Market Share Analysis
      • 2.4. Company Technology Portfolio
      • 2.5. Recent Developments
      • 2.6. SWOT Analysis
    • Global Essence
      • 3.1. Business Overview
      • 3.2. Company Snapshot
      • 3.3. Company Market Share Analysis
      • 3.4. Company Technology Portfolio
      • 3.5. Recent Developments
      • 3.6. SWOT Analysis
    • XENA BIOHERBALS PRIVATE LIMITED
      • 4.1. Business Overview
      • 4.2. Company Snapshot
      • 4.3. Company Market Share Analysis
      • 4.4. Company Technology Portfolio
      • 4.5. Recent Developments
      • 4.6. SWOT Analysis
    • Plantae Extracts Private Limited
      • 5.1. Business Overview
      • 5.2. Company Snapshot
      • 5.3. Company Market Share Analysis
      • 5.4. Company Technology Portfolio
      • 5.5. Recent Developments
      • 5.6. SWOT Analysis
    • Citrus Extracts LLC.
      • 6.1. Business Overview
      • 6.2. Company Snapshot
      • 6.3. Company Market Share Analysis
      • 6.4. Company Technology Portfolio
      • 6.5. Recent Developments
      • 6.6. SWOT Analysis
    • Qingdao Vital Nutraceutical Ingredients BioScience Co., Ltd (VNI)
      • 7.1. Business Overview
      • 7.2. Company Snapshot
      • 7.3. Company Market Share Analysis
      • 7.4. Company Technology Portfolio
      • 7.5. Recent Developments
      • 7.6. SWOT Analysis
    • Henry Lamotte Oils GmbH
      • 8.1. Business Overview
      • 8.2. Company Snapshot
      • 8.3. Company Market Share Analysis
      • 8.4. Company Technology Portfolio
      • 8.5. Recent Developments
      • 8.6. SWOT Analysis
    • Green Chem
      • 9.1. Business Overview
      • 9.2. Company Snapshot
      • 9.3. Company Market Share Analysis
      • 9.4. Company Technology Portfolio
      • 9.5. Recent Developments
      • 9.6. SWOT Analysis
    • HUNAN HUACHENG BIOTECH INC.
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis
    • CRODAROM SA
      • Business Overview
      • Company Snapshot
      • Company Market Share Analysis
      • Company Technology Portfolio
      • Recent Developments
      • SWOT Analysis

List of Table

1. Global Citrus Flavor Market, By Type, 2023–2030 (USD Billion)
2. Global Artificial Ingredients, Citrus Flavor Market, By Region, 2023–2030 (USD Billion)
3. Global Natural Ingredients, Citrus Flavor Market, By Region, 2023–2030 (USD Billion)
4. Global Citrus Flavor Market, By Application 2023–2030 (USD Billion)
5. Global Savoury, Citrus Flavor Market, By Region, 2023–2030 (USD Billion)
6. Global Beverages, Citrus Flavor Market, By Region, 2023–2030 (USD Billion)
7. Global Dairy, Citrus Flavor Market, By Region, 2023–2030 (USD Billion)
8. Global Confectionary, Citrus Flavor Market, By Region, 2023–2030 (USD Billion)
9. Global Citrus Flavor Market, By Region, 2023–2030 (USD Billion)
10. North America Citrus Flavor Market, By Type, 2023–2030 (USD Billion)
11. North America Citrus Flavor Market, By Application 2023–2030 (USD Billion)
12. USA Citrus Flavor Market, By Type, 2023–2030 (USD Billion)
13. USA Citrus Flavor Market, By Application 2023–2030 (USD Billion)
14. Canada Citrus Flavor Market, By Type, 2023–2030 (USD Billion)
15. Canada Citrus Flavor Market, By Application 2023–2030 (USD Billion)
16. Mexico Citrus Flavor Market, By Type, 2023–2030 (USD Billion)
17. Mexico Citrus Flavor Market, By Application 2023–2030 (USD Billion)
18. Europe Citrus Flavor Market, By Type, 2023–2030 (USD Billion)
19. Europe Citrus Flavor Market, By Application 2023–2030 (USD Billion)
20. Germany Citrus Flavor Market, By Type, 2023–2030 (USD Billion)
21. Germany Citrus Flavor Market, By Application 2023–2030 (USD Billion)
22. France Citrus Flavor Market, By Type, 2023–2030 (USD Billion)
23. France Citrus Flavor Market, By Application 2023–2030 (USD Billion)
24. UK Citrus Flavor Market, By Type, 2023–2030 (USD Billion)
25. UK Citrus Flavor Market, By Application 2023–2030 (USD Billion)
26. Italy Citrus Flavor Market, By Type, 2023–2030 (USD Billion)
27. Italy Citrus Flavor Market, By Application 2023–2030 (USD Billion)
28. Spain Citrus Flavor Market, By Type, 2023–2030 (USD Billion)
29. Spain Citrus Flavor Market, By Application 2023–2030 (USD Billion)
30. Asia Pacific Citrus Flavor Market, By Type, 2023–2030 (USD Billion)
31. Asia Pacific Citrus Flavor Market, By Application 2023–2030 (USD Billion)
32. Japan Citrus Flavor Market, By Type, 2023–2030 (USD Billion)
33. Japan Citrus Flavor Market, By Application 2023–2030 (USD Billion)
34. China Citrus Flavor Market, By Type, 2023–2030 (USD Billion)
35. China Citrus Flavor Market, By Application 2023–2030 (USD Billion)
36. India Citrus Flavor Market, By Type, 2023–2030 (USD Billion)
37. India Citrus Flavor Market, By Application 2023–2030 (USD Billion)
38. South America Citrus Flavor Market, By Type, 2023–2030 (USD Billion)
39. South America Citrus Flavor Market, By Application 2023–2030 (USD Billion)
40. Brazil Citrus Flavor Market, By Type, 2023–2030 (USD Billion)
41. Brazil Citrus Flavor Market, By Application 2023–2030 (USD Billion)
42. Middle East and Africa Citrus Flavor Market, By Type, 2023–2030 (USD Billion)
43. Middle East and Africa Citrus Flavor Market, By Application 2023–2030 (USD Billion)
44. UAE Citrus Flavor Market, By Type, 2023–2030 (USD Billion)
45. UAE Citrus Flavor Market, By Application 2023–2030 (USD Billion)
46. South Africa Citrus Flavor Market, By Type, 2023–2030 (USD Billion)
47. South Africa Citrus Flavor Market, By Application 2023–2030 (USD Billion)

List of Figures 

1. Global Citrus Flavor Market Segmentation
2. Citrus Flavor Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Citrus Flavor Market Attractiveness Analysis By Type
9. Global Citrus Flavor Market Attractiveness Analysis By Application
10. Global Citrus Flavor Market Attractiveness Analysis By Region
11. Global Citrus Flavor Market: Dynamics
12. Global Citrus Flavor Market Share By Type (2023 & 2030)
13. Global Citrus Flavor Market Share By Application (2023 & 2030)
14. Global Citrus Flavor Market Share by Regions (2023 & 2030)
15. Global Citrus Flavor Market Share by Company (2021)