What Is The Overview Of The Global Citrus Seeds Market?
Citrus seeds are the reproductive parts of citrus fruits, such as oranges, lemons, limes, grapefruits, and mandarins. These seeds are found within the fruit segments and are typically small, oval, or teardrop-shaped. They contain the genetic material necessary for the growth of new citrus plants when properly germinated. Citrus seeds are commonly used for extracting essential oils, planting new citrus trees, and sometimes in traditional medicine for their antioxidant properties.
Citrus Seeds Global Market Report 2024 provides data on the global citrus seeds market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The citrus seeds market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Citrus Seeds ?
The citrus seeds market has shown strong growth. It will grow from $4.39 billion in 2023 to $4.73 billion in 2024, at a CAGR of 7.8%. This growth is driven by the demand for natural products, traditional uses in herbal medicine, and the rising popularity of essential oils. By 2028, the market is expected to reach $6.41 billion at a CAGR of 7.9%. Factors behind this growth include increasing consumer preference for plant-based ingredients, rising demand for sustainable products, and growth in clean-label food and cosmetic products. Trends in the forecast period include the use of citrus seeds in personalized nutrition, the rise of citrus seed-based functional beverages, and increased application in biopesticides and pharmaceuticals.
What Are The Leading Drivers Of Growth In The Citrus Seeds Market?
The growing demand for citrus seed products in personal care is boosting market growth. With rising awareness of health and wellness, consumers seek natural and sustainable options. Citrus seed components, rich in antioxidants and vitamins, offer moisturizing and anti-aging benefits, making them ideal for skincare and haircare products. In December 2023, the Bureau of Labor Statistics highlighted a 12.3% increase in spending on personal care products in the US, growing from $771 in 2021 to $866 in 2022.
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How Are The Segments Defined Within The Global Citrus Seeds Market?
The citrus seeds market covered in this report is segmented –
1) By Product Type: Orange Seeds, Lemon Seeds, Grapefruit Seeds, Mandarin Seeds, Others Products
2) By Nature: Organic, Conventional
3) By Sales Channel: Direct Or Business To Business, Modern Trade, Specialty Store, Online Retailers, Other Sales Channels
4) By Application: Food And Beverages, Pharmaceuticals, Cosmetics, Animal Feed, Other Applications
How Are New Trends Expected To Influence The Growth Of The Citrus Seeds Market?
Companies in the citrus seed market are innovating with products like citrus fibers to improve the texture and stability of food products. Citrus fiber, derived from citrus pulp and peel, enhances functional properties in food and beverages. In January 2023, Fiberstar, Inc., launched the Citri-Fi 400 series, combining insoluble and soluble fibers with native pectin. This product enhances water retention and emulsification, improving food texture and stability, while being USDA-certified organic and allergen-free.
Which Region Drives The Highest Growth In The Citrus Seeds Market?
North America was the largest region in the citrus seeds market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the citrus seeds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
