Citrus Solvents Market is anticipated to grow at a CAGR of 8.7% during forecast period due to its various benefits such as it can dissolve the toughest of stains, grease, etc and acts as a good substance for thinning paints and in nail polish thinner too.

Introduction of the Citrus Solvents Market Report

The citrus solvent is 98% pure citrus oil extracted from the orange fruit peel, and the other remaining 2% is water. That remaining small amount of water is emulsified in the solvent. It acts as a good replacement for mineral spirits and odourless mineral spirits. They are obtained by cold pressing of peels, especially of orange ones.

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Market Dynamic

Key Drivers and Emerging Trends

The key drivers for the global citrus solvents market include increasing awareness among consumers for plant-based products. The growing demand for natural products is one of the major factors driving the growth of the global citrus solvents market. Also, the demand for non-volatile & nonpetroleum solvents is playing a major role in boosting the growth of the global citrus solvent market. Moreover, its use in various insecticides will minimize the harm to the crop and the soil. In addition, it acts as a good substance for thinning paints and in nail polish thinner too. Citrus solvent can dissolve the toughest of stains, grease, etc. therefore, it is a key element in industrial and domestic cleaners. This will play a key role in accelerating the growth of the global citrus solvent market. Furthermore, it does not cause any damage to internal organ, if accidentally breathed in, instead pass-through internal organs without any effect which makes it safe for use. This will also have a good impact in the growth of global citrus solvent market. In addition, it can be easily disposed without causing any harm to the environment.

Restraint in the Global Citrus Solvents Market

However, increasing concerns related to the flammable properties of the citrus solvent and its high production cost might pose a challenge to the growth of the global citrus solvent market.

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Type – Segment Analysis

Based on the type, organic type is expected to grow at the fastest rate in the global citrus solvents market during the forecast period owing to the extensive use of organic citrus solvents like limonene in various industries. For instance, limonene is used as a botanical insecticide for various plants & flowers to avoid insects destroying them. Also, it is used as a replacement for fragrant alternatives to turpentine and as a paint stripper too. Skin and hair care will also witness a good growth owing to use of citrus solvent as thinner in nail polish remover.

Application – Segment Analysis

Based on the application, industrial and domestic cleaners are projected to capture the higher growth over the forecast period in the global citrus solvents market due to cleansing and dissolving properties of citrus solvent which is useful in various industries. Paintings and coatings might witness owing to use of citrus solvent as paint thinner which will accelerate growth of global citrus solvent market.

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Regional – Segment Analysis:

Based on the region, North America region is expected to capture a significant market growth over the forecast period owing to consumer’s preference for organic and natural products in the global citrus solvents market. As consumers are approaching more for healthy living the demand for natural and organic items, products like citrus solvents will gain attraction among them. The Asia Pacific region is also expected to hold a good growth in the global citrus solvent market during the forecast period owing to the abundant orchards of oranges especially in countries like India will boost the global citrus solvent market in that region.

Top Market Players

Various notable players operating in the market include Lemon Concentrate S.L.U., Citrosuco S.A., Louis Dreyfus Company B.V., Sucocitrico Cutrale Ltd., Peace River Citrus Products, Archer Daniels Midland Company, Norkem Group, Citrus Oleo, and Mentha & Allied Products Ltd., Treatt Plc among others.

Key Developments: 

• • In June 2020, Peace River Citrus Products started work on a $98 million expansion at its Bartow processing plant. The expansion is the result of a recently renewed 10-year contract Peace River signed with Coca-Cola to manufacture citrus extracts.
  • In July 2019, Better Juice, the food – tech firm that seeks to reduce all types of sugar in orange juice with tech, has teamed up with Brazilian-based orange juice and fruit juice producer Citrosuco SA to set up a pilot plant to continue the sugar reduction process. Citrosuco will provide the funding for the pilot as well as technical and operational expertise.

Segments covered in the Report:

The global citrus solvents market has been segmented on the basis of type, application, and regions. Based on type, the market is segmented into organic and conventional. Based on application, the market is segmented into insecticides, industrial & domestic cleaners, paintings & coatings, skin & hair care, and others. 

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Key questions answered in this research report:

• • At what pace is global citrus solvents market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in citrus solvents 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 solvents market?
  • Which type generated maximum revenues in 2020 and identify the most promising type during the forecast period?
  • What are the various application areas of global citrus solvents 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 Solvents Market by Type

• • Organic
  • Conventional

Global Citrus Solvents Market by Application

• • Insecticides
  • Industrial & Domestic Cleaners
  • Paintings & Coatings
  • Skin & Hair Care
  • Others

Global Citrus Solvents Market by Region

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

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

• • Lemon Concentrate S.L.U.
  • Citrosuco S.A.
  • Louis Dreyfus Company B.V.
  • Sucocitrico Cutrale Ltd.
  • Peace River Citrus Products
  • Archer Daniels Midland Company
  • Norkem Group
  • Citrus Oleo
  • Mentha & Allied Products Ltd.
  • Treatt Plc