The citrus concentrate market size has shown strong growth in recent years, increasing from $7.91 billion in 2023 to $8.36 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to heightened consumer demand for natural flavors, expansion in the beverage industry, particularly within fruit juices, growth in the food service sector, and increasing health consciousness among consumers. The citrus concentrate market size is projected to continue its upward trajectory in the next few years, expected to reach $10.46 billion in 2028 at a CAGR of 5.8%. The anticipated growth in the forecast period can be linked to the increasing trend toward clean-label and organic products, expansion within the nutraceutical and dietary supplement sectors, the growing popularity of functional beverages, rising disposable incomes coupled with changing consumer lifestyles, and heightened demand for convenience foods and quick meal solutions. Key trends during this period will include the development of health-oriented products, energy-efficient processing technologies, integration of multi-channel distribution strategies, innovations in cold extraction methods, and advancements in flavor extraction technologies.
Global Citrus Concentrate Market Key Driver
The increasing consumer demand for beverages is expected to propel the growth of the citrus concentrate market going forward. Beverages encompass a wide range of liquid consumables intended for drinking, including alcoholic options. The demand for beverages is high due to changing lifestyles and a growing preference for convenient, ready-to-drink options. Citrus concentrate serves as a key ingredient in beverages, providing natural flavor and aroma that enhances the taste profile of drinks such as juices and cocktails. In May 2024, the British Soft Drinks Association reported that total soft drink sales in the UK amounted to 15,343 million liters in 2023, indicating a 2.9% increase from 14,912 million liters in 2022. Therefore, this increasing consumer demand for beverages is driving the growth of the citrus concentrate market.
Get A Free Sample Of The Citrus Concentrate Market Report
Global Citrus Concentrate Market Segments
The citrus concentrate market covered in this report is segmented –
1) By Source: Orange, Lemon And Lime, Grapefruit, Tangerine, Other Sources
2) By Nature: Organic, Conventional
3) By Form: Dry, Liquid
4) By Sales Channel: Business-To-Business, Business-To-Consumer
5) By End User: Food And Beverage Industry, Pharmaceuticals, Nutraceuticals, Personal Care And Cosmetics, Other End Users
By Geography:The regions covered in the citrus concentrate marker report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the citrus concentrate market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period.
Major Citrus Concentrate Industry Players
Cargill Incorporated, Archer Daniels Midland Company, Louis Dreyfus Company, Kerry Group PLC, Givaudan SA, Firmenich SA, Döhler, Citrosuco S.A., Takasaog International Corporation, Nutraceutical Corporation, Symrise AG, Nans Products, Sunkist Growers Inc., Roha Dyechem Pvt Ltd., Citromax Flavors Inc., Citrus Systems Inc., Citrus and Allied Essences Ltd., Hunan Sunfull Bio-tech Co. Ltd., Prodalim Group, LemonConcentrate, Huisong Pharmaceuticals, Bordas S.A.S (Destilaciones Bordas Chinchurreta S.A.), Chengdu Okay Pharmaceutical Co Ltd., Tropical Fruit Processors Inc.
Purchase The Global Citrus Concentrate Market Report Directly And Get A Swift Delivery
Citrus Concentrate Market Overview
Citrus concentrate refers to a processed form of citrus juice that has had most of its water content removed, resulting in a thick and flavorful liquid rich in essential oils and nutrients. It is commonly used in the food and beverage industry for making drinks, flavoring products, and creating sauces or dressings due to its intense flavor and longer shelf life compared to fresh juice.
Citrus Concentrate Global Market Report 2023 provides data on the global citrus concentrate market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The citrus concentrate market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
