Citrus Concentrate Market is predicted to reach at USD 52,300 Million by 2027 at a CAGR of 5.3% over the forecast period.

Introduction of the Citrus Concentrate Market Report

Orange concentrate refers to the natural source of vitamins and minerals that are consumed by people in order to obtain vitamins A, B1, B2, and C, Cooper, potassium, and sulfur, which helps in strengthening tissues and prevent both cold and mucosal infections. The citrus concentrates are a mixture of classical orange concentrate, grapefruit concentrate, or lemon concentrate, and are combined to form a citrus concentrate.

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Market Dynamic

Key Drivers and Emerging Trends

The global citrus concentrate market is expected to witness strong demand over the forecast period. This is attributed to the significant shift in alcoholic beverage manufacturers’ preference such as vodka, spritzer, and beer towards adding citrus concentrate in their products as they are gaining popularity. Moreover, the demand for citrus concentrate is high in the region with the hot season, which adds to the growing demand of the market. With the rapid urbanization, there has been an increase in the volume of population shifting from rural to urban cities. This factor has surged the demand for packaged & convenience food products, thus indirectly driving market growth.

The rising spending power of the consumers, along with the shift in the individual’s preference towards healthy diet patterns, is encouraging them to opt for healthy beverage options which includes fruit juice. Moreover, the outbreak of the COVID-19 pandemic has led to a rise in demand for healthy drinks such as various beverages which contains citrus concentrate in it. The citrus concentrate is an excellent source of Vitamin C, which helped in strengthening the immune system and keeps the skin smooth and elastic. It also provides an ample amount of fiber, contains a lower number of calories, decreases the risk of kidney stones, and fights against cancer. Furthermore, the increasing adoption among a range of end-user industries due to its ability to improve the profile of the product and enhance the nutritional content are further expected to boost the demand for citrus concentrates at the global level. The citrus concentrate has an easy-to-carry packaging, longer shelf life, and is easy to store, which is further attracting a new consumer base to the global market.

Restraint in the Citrus Concentrate Market

The rising number of stringent regulations by the government related to the implementation of new protocols and measurements to comply and maintain the quality of the product is a major factor that is hampering the growth of the market. In addition to this, the loss of perishable raw materials, especially while storage and transportation are likely to have a negative impact on market growth.

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Source – Segment Analysis

Based on the Source, the orange segment is expected to increase at a higher CAGR during the forecast period. This is mainly due to the COVID-19 outbreak, which has motivated the individuals to opt for orange juice. The immune-boosting property of the orange concentrate is driving its demand in the market.

Nature – Segment Analysis

Based on Nature, the organic segment is projected to grow at a higher CAGR during the forecast period. The rising focus on the consumption of organic products driven by increasing health awareness is a major factor that is contributing to the segment growth. The organic citrus concentrate provides various types of antioxidants such as Vitamin A, Vitamin C, and manganese. It also helps in improving the immune system and maintains a balance of cholesterol.

End-Use – Segment Analysis

Based on the End-Use, the Food & Beverage industry is expected to dominate the market during the forecast period. The rising usage of citrus concentrate in alcoholic and non-alcoholic beverages is one of the biggest factors that is responsible for the segment growth.  The interesting combinations of citrus and exotic flavors meet the growing demand of consumers who are looking to experiment with new flavors for a twist.

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Regional – Segment Analysis:

Based on the region, Asia-pacific is expected to dominate the global market during the forecast period. China is one of the leading producers and consumers in the citrus concentrate market. The increasing popularity and familiarity of citrus fruits is energizing the demand of the market in Asian countries. It is increasingly used in the food & beverage sector, driven by its growing usage in alcoholic and non-alcoholic beverages. Moreover, South Asia is one of the fastest-growing region in terms of economy and population. This factor is likely to create new growth opportunities in the Asia-pacific market.

Top Market Players

Various notable players operating in the market, include, Dohler, LemonConcentrate S.L.U., Bell Flavors & Fragrances, Prodalim Group, CitroGlobe Srl, Louis Dreyfus Company, Citrus Processing India Pvt. Ltd., Citrus Systems Inc., Iprona SpA, and El-Marwa, among others. 

Key Developments:

• • In 2019, Dohler acquired Zumos Catalano Aragoneses S.A., with an aim to enter into the European fruit production market. Through this acquisition, the target consumer has the access to stone fruits, apples, and pears juice.

Segments covered in the Report:

The global Citrus Concentrate market has been segmented on the basis of Source, End Use, Nature, Form and key regions. Based on Source, the market is segmented into Oranges, Lemons & Limes, Tangerines, Grapefruits, Others. Based on End Use, the market is segmented into Food & Beverage Industry, Pharmaceutical, Nutraceuticals, Personal Care & Cosmetics and Others. Based on Nature, the market is segmented Organic and Conventional. Based on Form the market is segmented into Dry and Liquid. 

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Key questions answered in this research report:

• • At what pace is global Citrus Concentrate market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Citrus Concentrate market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Citrus Concentrate market?
  • Which nature generated maximum revenues in 2019 and identify the most promising nature during the forecast period?
  • What are the various sources of global Citrus Concentrate market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Citrus Concentrate Market by Source

• • Oranges
  • Lemon & Lime
  • Grapefruits
  • Tangerine
  • Others

Global Citrus Concentrate Market by End Use

• • Food & Beverage Industry
    • Confectionery & Bakery
    • Dairy & Dessert
    • Alcoholic Beverages
    • Non-alcoholic Beverages
  • Pharmaceutical
  • Nutraceuticals
  • Personal Care & Cosmetics
  • Others

Global Citrus Concentrate Market by Nature

• • Organic
  • Conventional

Global Citrus Concentrate Market by Form

• • Dry
  • Liquid

Global Citrus Concentrate Market by Region

• • North America Citrus Concentrate Market (Option 1: As a part of the free 25% customization)
    • North America Market by Source
    • North America Market by End Use
    • North America Market by Nature
    • North America Market by Form
    • US Market All-Up
    • Canada Market All-Up
  • Europe Citrus Concentrate Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Source
    • Europe Market by End Use
    • Europe Market by Nature
    • Europe Market by Form
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Citrus Concentrate Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Source
    • Asia-Pacific Market by End Use
    • Asia-Pacific Market by Nature
    • Asia-Pacific Market by Form
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Citrus Concentrate Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Source
    • RoW Market by End Use
    • RoW Market by Nature
    • RoW Market by Form
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Citrus Concentrate (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Dohler
  • LemonConcentrate S.L.U.
  • Bell Flavors & Fragrances
  • Prodalim Group
  • CitroGlobe Srl
  • Louis Dreyfus Company
  • Citrus Processing India Pvt. Ltd.
  • Citrus Systems Inc.
  • Iprona SpA
  • El-Marwa