Fruit Extracts Market by Source (Citrus Fruits, Apples, Pineapples, Grapes, Pears, Berries), Form (Powder, Liquid), Application (Beverages, Food, Nutraceuticals, Cosmetics)

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According to the research report titled, 'Fruit Extracts Market by Source (Citrus Fruits, Apples, Pineapples, Grapes, Pears, Berries), Form (Powder, Liquid), Application (Beverages, Food, Nutraceuticals, Cosmetics) - Global Forecast to 2031' published by Meticulous Research(R), the fruit extracts market is projected to reach $31.11 billion by 2031, at a CAGR of 7.0% during the forecast period 2024-2031. The report provides an in-depth analysis of the fruit extracts market across five major regions, emphasizing current market trends, market sizes, recent developments, and forecasts to 2031.

Succeeding extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of key industry drivers, restraints, opportunities, challenges, and trends.

The growth of the fruit extracts market is driven by increasing health and wellness trends, the growing demand for natural and plant-based ingredients, the rising applications of fruit extracts in cosmetic products, and increasing awareness regarding the benefits of natural fruit extracts over synthetic products. However, consumer preference for artificial flavors and the high production costs of fruit extracts restrain the market's growth.

Additionally, emerging economies and the increasing demand for clean-label products are expected to offer significant growth opportunities for the players in this market. However, seasonal variability and supply chain issues are significant challenges in the fruit extracts market.

The key players operating in the fruit extracts market are Kerry Group plc (Ireland), Givaudan SA (Switzerland), Symrise AG (Germany), DSM-Firmenich AG (Switzerland), Archer-Daniels-Midland Company (U.S.), Dohler GmbH (Germany), International Flavors & Fragrances, Inc. (U.S.), New Directions Aromatics (Canada), Synergy Flavors, Inc. (U.S.), and Ingredion, Incorporated (U.S.).

Based on source, the fruit extracts market is segmented into citrus fruits, apples, pineapples, grapes, pears, berries, and other sources. In 2024, the citrus fruits segment is expected to account for the largest share of the fruit extracts market. The large market share of this segment is attributed to the unique flavor profiles, nutritional benefits, and versatile applications of citrus fruit extracts in various industries. Citrus fruits, such as oranges, lemons, limes, grapefruits, and mandarins, are known for their refreshing and vibrant flavors. They are rich in essential vitamins, particularly vitamin C, which is known for its antioxidant properties and immune system support. The perceived health benefits associated with citrus fruits contribute to their popularity in the wellness and functional food markets. However, the berries segment is expected to register the highest CAGR during the forecast period.

Based on form, the fruit extracts market is segmented into powder and liquid. In 2024, the powder segment is expected to account for the larger share of the fruit extracts market. The large market share of this segment is attributed to the benefits offered by powdered fruit extracts over liquid fruit extracts, such as better homogeneity, ease of use, transportation, and storage, better stability, wide availability, better shelf-life, and effective product formulation. However, the liquid segment is expected to register the higher CAGR during the forecast period.

Based on application, the fruit extracts market is segmented into beverages, food, nutraceuticals, cosmetics, and other applications. In 2024, the beverages segment is expected to account for the largest share of the fruit extracts market. The large market share of this segment is attributed to the high demand for healthy and functional beverages, the high adoption of fruit extracts in beverage manufacturing, strong growth in the beverage industry, the increasing development of innovative products, and beverage manufacturers' increased emphasis on clean labels in promotional and advertisement strategies. However, the cosmetics segment is expected to register the highest CAGR during the forecast period.

An in-depth geographic analysis of the market provides detailed qualitative and quantitative insights into five major regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) and the coverage of major countries in each region. Asia-Pacific is expected to register the highest CAGR during the forecast period due to the presence of a large number of food and beverage manufacturers, strong growth in the food and beverage industry, easy and abundant availability of raw materials, and increasing awareness about the importance of a healthy lifestyle. Also, rapid urbanization, increasing disposable incomes, and changing lifestyles in countries such as China and India support market growth in the region.

Key Questions Answered in the Report:

What is the current revenue generated by the fruit extracts market globally?
At what rate is the demand for fruit extracts projected to grow for the next 5-7 years?
What are the historical market sizes and growth rates of the fruit extracts market?
What are the major factors impacting the growth of this market at the regional and country levels? What are the major opportunities for existing players and new entrants in this market?
Which segments, in terms of source, form, and application, are expected to create traction for the manufacturers in this market during the forecast period 2024-2031?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the fruit extracts market?
Who are the major players in the fruit extracts market? What are their specific product offerings in this market?

What are the recent strategic developments in the fruit extracts market? What are the impacts of these strategic developments on the market?

Scope of the Report:

Fruit Extracts Market Assessment-by Source

Citrus Fruits
Apples
Pineapples
Grapes
Pears
Berries
Other Sources

Fruit Extracts Market Assessment-by Form

Powder
Liquid

Fruit Extracts Market Assessment-by Application

Beverages
Food
Nutraceuticals
Cosmetics
Other Applications

Fruit Extracts Market Assessment-by Geography

North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe (RoE)
Asia-Pacific (APAC)
- China
- Japan
- India
- Australia
- Rest of Asia-Pacific (RoAPAC)
Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America (RoLATAM)
Middle East & Africa

Product Code: MRFB - 1041099

1. Introduction

1.1. Market Definition & Scope
1.2. Market Ecosystem
1.3. Currency
1.4. Key Stakeholders

2. Research Methodology

2.1. Research Process
2.2. Process of Data Collection & Validation
- 2.2.1. Secondary Research
- 2.2.2. Primary Research/Interviews with Key Opinion Leaders from the Industry
2.3. Market Sizing and Forecast
- 2.3.1. Market Size Estimation Approach
- 2.3.2. Growth Forecast Approach
- 2.3.3. Market Share Estimation Approach
2.4. Assumptions for the Study
2.5. Limitations of the Study

3. Executive Summary

3.1. Overview
3.2. Segment Analysis
- 3.2.1. Fruit Extracts Market, by Source
- 3.2.2. Fruit Extracts Market, by Form
- 3.2.3. Fruit Extracts Market, by Application
3.3. Fruit Extracts Market: by Region
3.4. Market Competitors

4. Market Insights

4.1. Overview
4.2. Drivers
- 4.2.1. Increasing Health and Wellness Trend
- 4.2.2. Growing Demand for Natural and Plant-based Ingredients
- 4.2.3. Rising Applications in Cosmetic Products
- 4.2.4. Increasing Awareness Regarding the Benefits of Natural Fruit Extracts over Synthetic Products
4.3. Restraints
- 4.3.1. Preference for the Artificial Flavors
- 4.3.2. High Production Cost
4.4. Opportunities
- 4.4.1. Emerging Economies
- 4.4.2. Increasing Demand for Clean Label Products
4.5. Challenge
- 4.6.1. Seasonal Variability and Supply Chain Challenges

5. Global Fruit Extracts Market Assessment-by Source

5.1. Overview
5.2. Citrus Fruits
5.3. Apples
5.4. Pineapples
5.5. Grapes
5.6. Pears
5.7. Berries
5.8. Other Sources

6. Global Fruit Extracts Market Assessment-by Form

6.1. Overview
6.2. Powder
6.3. Liquid

7. Global Fruit Extracts Market Assessment-by Application

7.1. Overview
7.2. Beverages
7.3. Food
7.4. Nutraceuticals
7.5. Cosmetics
7.6. Other Applications

8. Fruit Extracts Market Assessment-by Geography

8.1. Overview
8.2. North America
- 8.2.1. U.S.
- 8.2.2. Canada
8.3. Europe
- 8.3.1. Germany
- 8.3.2. France
- 8.3.3. U.K.
- 8.3.4. Italy
- 8.3.5. Spain
- 8.3.6. Rest of Europe
8.4. Asia-Pacific
- 8.4.1. China
- 8.4.2. Japan
- 8.4.3. India
- 8.4.4. Australia
- 8.4.5. Rest of Asia-Pacific
8.5. Latin America
- 8.5.1. Brazil
- 8.5.2. Mexico
- 8.5.3. Argentina
- 8.5.4. Rest of Latin America
8.6. Middle East & Africa

9. Competition Analysis

9.1. Overview
9.2. Key Growth Strategies
9.3. Competitive Benchmarking
9.4. Competitive Dashboard
- 9.4.1. Industry Leaders
- 9.4.2. Differentiators
- 9.4.3. Vanguards
- 9.4.4. Emerging Companies

10. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Developments)

10.1. Kerry Group plc
10.2. Givaudan SA
10.3. Symrise AG
10.4. DSM-Firmenich AG
10.5. Archer-Daniels-Midland Company
10.6. Dohler GmbH
10.7. International Flavors & Fragrances, Inc.
10.8. New Directions Aromatics
10.9. Synergy Flavors, Inc.
10.10. Ingredion, Incorporated
10.11. Other Companies

(Note: SWOT Analysis of the Top 5 Companies Will Be Provided)

11. Appendix

11.1. Available Customization
11.2. Related Reports