The citrus seeds market has grown considerably, expected to increase from $4.39 billion in 2023 to $4.73 billion in 2024 at a CAGR of 7.8%. Growth has been fueled by rising demand for natural products, traditional use in herbal medicine, awareness of antioxidants, adoption in cosmetic formulations, popularity of essential oils, organic farming development, and early research into seed extract health benefits.
The citrus seeds market is expected to grow to $6.41 billion by 2028, at a CAGR of 7.9%. This growth is driven by the increasing demand for plant-based ingredients, the rise of clean-label products, and the expansion of nutraceutical industries. Trends include the use of citrus seeds in personalized nutrition, functional beverages, biopesticides, and eco-friendly products.
Major Driver In The Citrus Seeds Market
The rising demand for natural products in the personal care industry is expected to drive the citrus seed market. Citrus seed is valued for its antioxidants, essential oils, and vitamins, which are ideal for skincare and haircare products. According to the Bureau of Labor Statistics in December 2023, spending on personal care products increased by 12.3%. The citrus seed market is expected to grow from USD 1.85 billion in 2023, USD 2.02 billion in 2024, to USD 3.23 billion by 2028.
Request A Free Sample Of The Citrus Seeds Market Report
Citrus Seeds Market Competitive Landscape
Louis Dreyfus Company B.V., Dole Food Company Inc., Citrosuco S.A., Sun Pacific Inc., Citrofrut, Yantai North Andre Juice Co. Ltd., Sunkist Growers Inc., Gless Ranch Inc., Sun Orchard LLC, Alico Inc., Brite Leaf Citrus Nursery, Noble Citrus, Southern Citrus Nurseries, Citrusvil S.A., Territorial Seed Company, Greenfield Citrus Nursery, St Mamet, Lyn Citrus Seed Inc., The Wonderful Company LLC, Moora Citrus, FRUITS ROUGES & Co.
Key Citrus Seeds Market Trend
Companies in the citrus seed market are developing innovative products such as citrus fibers to enhance the texture and stability of food products. Citrus fiber, derived from citrus pulp and peels, is used to improve texture, stability, and dietary fiber content. In January 2023, Fiberstar Inc., a US-based food ingredient manufacturer, launched Citri-Fi 400, an organic citrus fiber line. This fiber offers excellent water-holding and emulsification properties, improving the texture and nutritional value of a variety of food and beverage products.
Purchase The Global Citrus Seeds Market Report Directly And Get A Swift Delivery
Global Citrus Seeds Market Segmentation
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
By Geography:The regions covered in the citrus seeds market report areAustralia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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 Citrus Seeds Global Market Report 2024 furnishes information about the global citrus seeds market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
