Market Size – USD 612.44 Million in 2021, Market Growth - CAGR of 5.05%, Market Trends –the increasing demand from electronics industry is widening the scope for Orange Extract Market.
According to the current analysis of Introspective Market Research, the global Orange Extract Market was valued at USD 612.44 Million in 2021 and is expected to reach USD 864.64 Million by the year 2028, at a CAGR of 5.05%.
Orange extract is a highly concentrated fruit flavor that has a significant amount of alcohol content, resulting in the improved shelf life of orange extract, and makes it an enchanting choice in the flavoring sector. This supports in demanding the growth of orange extract in the market. Rising health awareness in consumers is leading them to use more natural-based products, rather than products that have synthetic ingredients, which is expected to grow the demand for orange extract during the projected period.
The demand for fruity flavors such as orange extract in processed food has grown speedy and continues to expand at a substantial rate, globally. There is a rising preference for ready-to-eat/ready-to-drink) and snacks help to the higher demand for exotic fruit flavoring. The encapsulation of such tropical fruit flavors to existing processed food continues to be one of the major strategies that are being adopted by the leading producers of processed foods to attract consumers, as such, turning the global orange extract market. Besides, from the food industry, the orange extract also finds its application in the cosmetics industry. The nutritional properties of orange extract support the sustenance of our skin, making it suitable to be used for anti-wrinkle treatment, clearer skin, and anti-acne treatment.
Orange Extract Market is segmented By Form (Powder, And Liquid), Nature (Organic And Conventional), Distribution Channel (B2b, B2c, Hypermarket/Supermarket, Drug Store, Specialty Store, Online Store, Convenience Stores, Specialty Retail Stores, And Others), Application (Food And Beverages {Bakery, Desserts, Confectionery, Soft Beverages, And Others}, Cosmetics {Soaps, Body Lotions, Creams, Deodorants, And Others}, Pharmaceuticals {Antiseptics, Sedatives, Anti-Inflammatory, Anti-Depressants, Antispasmodics, And Others}), and region.
Some of the key players such as Jacksonville Mercantile, Döhler GmbH, International Flavors & Fragrances Inc, RC Fine Foods Inc., Amoretti, McCormick & Company Inc., OliveNation, ADM, Nielsen-Massey Vanillas Inc., Shaanxi Guanjie Bio-technology Co. Ltd., Bakto Flavors LLC, DONGYU USI, Elan Chemical Company Inc, Xian Yuensun Biological Technology Co. Ltd, and others.
For this report, Introspective Market Research have segmented the Orange Extract Market on the basis of region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2021-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Turkey
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Vietnam
- Thailand
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Iran
- Rest of MEA
- Latin America
- Brazil
- Argentina
- Rest of LATAM
