Citrus Concentrate Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

Persistence Market Research has recently published an in-depth report on the global citrus concentrates market, offering detailed insights into market dynamics, including drivers, trends, opportunities, and challenges, providing a thorough understanding of the market structure and future outlook.

Key Insights: Global Citrus Concentrates Market

Global Market Size (2024): USD 9375.2Million
Projected Market Value (2033): USD 14795.3Million
Global Market Growth Rate (CAGR 2024 to 2033): 5.20%

Citrus Concentrates Market - Report Scope:

The citrus concentrates market involves the development, production, and distribution of concentrates derived from citrus fruits. These concentrates are extensively used in various applications across the food and beverage industry, pharmaceuticals, nutraceuticals, personal care, and cosmetics sectors.

Market Growth Drivers:

Effective Product Positioning for Beverage Manufacturers

Manufacturers of alcoholic beverages such as vodkas, spritzers, and beers are increasingly incorporating citrus concentrates due to the high demand for unique flavors. The summer season sees a peak in demand for citrus-flavored drinks, driving the use of citrus concentrates in refreshing beverages. Citrus concentrate manufacturers are strategically marketing their products to appeal to alcoholic beverage manufacturers and juice producers. In 2018, Dohler observed a significant increase in demand for citrus concentrates from alcoholic beverage and juice manufacturers. The company continues to focus on producing alcohol-stable juice concentrates to cater to this market segment.

Focus on Clean Ingredient Offerings for Food and Beverage Applications

The clean label movement, driven by consumer demand for transparency and real food, is influencing the citrus concentrates market. Consumers prefer products with natural, familiar, and simple ingredients. Citrus ingredients are widely recognized and favored for their natural flavor. Manufacturers are capitalizing on this trend by offering clean label and natural citrus concentrates for various food and beverage applications.

Increasing Applications of Citrus Concentrates

Citrus fruits, known for their health benefits, are extensively used in the pharmaceutical industry, direct consumption, and juice production. Citrus concentrates are a popular choice in juice, soft drinks, ice cream, syrups, and candy products due to their global acceptance. Manufacturers are developing tailor-made concentrates for diverse applications in the food and beverage industry. The leading citrus fruit-producing countries such as Brazil, Argentina, Mexico, and the U.S. (Florida) are increasing their production and processing of citrus fruits, catering to the rising demand from various industries.

Market Challenges:

Climatic Conditions and Diseases

Citrus plants are susceptible to various diseases and infections such as sapling wilt, powdery mildew, green mold rot, blue mold rot, and citrus greening disease (Huanglongbing or HLB). These issues affect citrus fruit production and lead to price fluctuations in citrus concentrates. Natural calamities like heavy rainfall, frost, and soil loss also impact citrus fruit production, causing supply disruptions and price volatility.

The Asian Citrus Psyllid, a disease caused by bacteria, interferes with nutrient transfer in citrus trees, leading to citrus greening and other diseases that affect fruit size, quality, and productivity. These challenges hinder the continuous supply of high-quality citrus fruits and impact overall market growth.

The global citrus concentrates market is poised for significant growth driven by increasing applications in the beverage industry, a focus on clean label ingredients, and the rising demand for health-beneficial citrus products. However, climatic conditions and diseases pose challenges that could impact market dynamics. Manufacturers need to address these issues to ensure a steady supply of high-quality citrus concentrates and capitalize on emerging opportunities in the market.

Key Companies Profiled:

Givaudan SA
International Flavors & Fragrances, Inc.
Symrise AG
ALG Juices Pty Ltd
Sensient Technologies Corporation
Takasago International Corporation
Firmenich SA
Dohler
Kerry Group
Archer Daniels Midland Company
Mane Group
R.C. Treatt & Co. Ltd
Trilogy Ingredients, Inc
Lionel Hitchen Limited
Citromax Flavors
Flavor Producers, LLC

Citrus Concentrates Industry Research by Category

By Source:

Orange
Lemon & Lime
Grapefruit
Tangerine
Others

By Form:

Dry
Liquid

By Nature:

Organic
Conventional

By End Use:

Food & Beverage Industry
Pharmaceuticals
Nutraceuticals
Personal Care & Cosmetics
Others

By Region:

North America
Latin America
Europe
South Asia & Pacific
East Asia
Middle East & Africa

Product Code: PMRREP26845

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market
- 3.1.1. Growing Popularity of Organic and Natural Products
- 3.1.2. Use of Clean Ingredients in Food and Beverage Products
- 3.1.3. Others
3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies

5. Global Market Demand Analysis 2019-2023 and Forecast, 2024-2033

5.1. Historical Market Volume (Tons) Analysis, 2019-2023
5.2. Current and Future Market Volume (Tons) Projections, 2024-2033
5.3. Y-o-Y Growth Trend Analysis

6. Global Market - Pricing Analysis

6.1. Regional Pricing Analysis
6.2. Global Average Pricing Analysis Benchmark

7. Global Market Demand (in Value or Size in US$ Mn) Analysis 2019-2023 and Forecast, 2024-2033

7.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
7.2. Current and Future Market Value (US$ Mn) Projections, 2024-2033
- 7.2.1. Y-o-Y Growth Trend Analysis
- 7.2.2. Absolute $ Opportunity Analysis

8. Market Background

8.1. Macro-Economic Factors
- 8.1.1. Global GDP Growth Outlook
- 8.1.2. Global GDP and Infrastructure Investment
- 8.1.3. International Trade
- 8.1.4. Global Industry value Added
- 8.1.5. Inflation on Consumer Prices
- 8.1.6. Global Imports of Goods & Services
- 8.1.7. Global Exports of Goods & Services
8.2. Forecast Factors - Relevance & Impact
- 8.2.1. Top Companies Historical Growth
- 8.2.2. GDP Growth forecast
- 8.2.3. Manufacturing Industry forecast
- 8.2.4. Global Urbanization Growth Outlook
- 8.2.5. Business Climate
8.3. Value Chain
- 8.3.1. Raw Material Suppliers
- 8.3.2. Product Manufacturers
- 8.3.3. End Users
8.4. Market Dynamics
- 8.4.1. Drivers
- 8.4.2. Restraints
- 8.4.3. Opportunity Analysis
8.5. Global Citrus Trade Analysis
- 8.5.1. Key Citrus Fruit Importers
- 8.5.2. Key Citrus Fruit Exporters
8.6. Global Food & Beverage Industry overview
8.7. Global Pharmaceutical Industry Outlook
8.8. Global Nutraceutical Industry Overview
8.9. Global Personal Care & Cosmetics Industry Overview
8.10. Overview of Citrus Extraction Process
8.11. Overview of Products Obtained from Citrus Fruits
8.12. Flavor Industry Trade Organizations/Regulatory Bodies/Regulations
8.13. Global Supply Demand Analysis

9. Global Market Analysis 2019-2023 and Forecast 2024-2033, by Source

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Source, 2019-2023
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Source, 2024-2033
- 9.3.1. Orange
- 9.3.2. Lemon & Lime
- 9.3.3. Grapefruit
- 9.3.4. Tangerine
- 9.3.5. Others
9.4. Market Attractiveness Analysis By Source

10. Global Market Analysis 2019-2023 and Forecast 2024-2033, by Form

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Form, 2019-2023
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Form, 2024-2033
- 10.3.1. Dry
- 10.3.2. Liquid
10.4. Market Attractiveness Analysis By Form

11. Global Market Analysis 2019-2023 and Forecast 2024-2033, by Nature

11.1. Introduction / Key Findings
11.2. Historical Market Size (US$ Mn) and Volume Analysis By Nature, 2019-2023
11.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Nature, 2024-2033
- 11.3.1. Organic
- 11.3.2. Conventional
11.4. Market Attractiveness Analysis By Nature

12. Global Market Analysis 2019-2023 and Forecast 2024-2033, by End Use

12.1. Introduction / Key Findings
12.2. Historical Market Size (US$ Mn) and Volume Analysis By End Use, 2019-2023
12.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End Use, 2024-2033
- 12.3.1. Food & Beverage Industry
  - 12.3.1.1. Bakery & Confectionery
  - 12.3.1.2. Dairy & Dessert
  - 12.3.1.3. Alcoholic Beverages
  - 12.3.1.4. Non-Alcoholic Beverages
- 12.3.2. Pharmaceuticals
- 12.3.3. Nutraceuticals
- 12.3.4. Personal Care & Cosmetics
- 12.3.5. Others
12.4. Market Attractiveness Analysis By End Use

13. Global Market Analysis 2019-2023 and Forecast 2024-2033, by Region

13.1. Introduction
13.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2019-2023
13.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2024-2033
- 13.3.1. North America
- 13.3.2. Latin America
- 13.3.3. Europe
- 13.3.4. East Asia
- 13.3.5. South Asia and Pacific
- 13.3.6. Middle East and Africa (MEA)
13.4. Market Attractiveness Analysis By Region

14. North America Market Analysis 2019-2023 and Forecast 2024-2033

14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 14.4.1. By Country
  - 14.4.1.1. U.S.
  - 14.4.1.2. Canada
- 14.4.2. By Source
- 14.4.3. By Form
- 14.4.4. By Nature
- 14.4.5. By End Use
14.5. Market Attractiveness Analysis
- 14.5.1. By Country
- 14.5.2. By Source
- 14.5.3. By Form
- 14.5.4. By Nature
- 14.5.5. By End Use
14.6. Market Trends
14.7. Key Market Participants - Intensity Mapping
14.8. Drivers and Restraints - Impact Analysis

15. Latin America Market Analysis 2019-2023 and Forecast 2024-2033

15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 15.4.1. By Country
  - 15.4.1.1. Brazil
  - 15.4.1.2. Mexico
  - 15.4.1.3. Rest of Latin America
- 15.4.2. By Source
- 15.4.3. By Form
- 15.4.4. By Nature
- 15.4.5. By End Use
15.5. Market Attractiveness Analysis
- 15.5.1. By Country
- 15.5.2. By Source
- 15.5.3. By Form
- 15.5.4. By Nature
- 15.5.5. By End Use
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping
15.8. Drivers and Restraints - Impact Analysis

16. Europe Market Analysis 2019-2023 and Forecast 2024-2033

16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 16.4.1. By Country
  - 16.4.1.1. Germany
  - 16.4.1.2. Italy
  - 16.4.1.3. France
  - 16.4.1.4. U.K.
  - 16.4.1.5. Spain
  - 16.4.1.6. BENELUX
  - 16.4.1.7. Russia
  - 16.4.1.8. Rest of Europe
- 16.4.2. By Source
- 16.4.3. By Form
- 16.4.4. By Nature
- 16.4.5. By End Use
16.5. Market Attractiveness Analysis
- 16.5.1. By Country
- 16.5.2. By Source
- 16.5.3. By Form
- 16.5.4. By Nature
- 16.5.5. By End Use
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis

17. South Asia and Pacific Market Analysis 2019-2023 and Forecast 2024-2033

17.1. Introduction
17.2. Pricing Analysis
17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 17.4.1. By Country
  - 17.4.1.1. India
  - 17.4.1.2. ASEAN
  - 17.4.1.3. Oceania
  - 17.4.1.4. Rest of South Asia & Pacific
- 17.4.2. By Source
- 17.4.3. By Form
- 17.4.4. By Nature
- 17.4.5. By End Use
17.5. Market Attractiveness Analysis
- 17.5.1. By Country
- 17.5.2. By Source
- 17.5.3. By Form
- 17.5.4. By Nature
- 17.5.5. By End Use
17.6. Market Trends
17.7. Key Market Participants - Intensity Mapping
17.8. Drivers and Restraints - Impact Analysis

18. East Asia Market Analysis 2019-2023 and Forecast 2024-2033

18.1. Introduction
18.2. Pricing Analysis
18.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
18.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 18.4.1. By Country
  - 18.4.1.1. China
  - 18.4.1.2. Japan
  - 18.4.1.3. South Korea
- 18.4.2. By Source
- 18.4.3. By Form
- 18.4.4. By Nature
- 18.4.5. By End Use
18.5. Market Attractiveness Analysis
- 18.5.1. By Country
- 18.5.2. By Source
- 18.5.3. By Form
- 18.5.4. By Nature
- 18.5.5. By End Use
18.6. Market Trends
18.7. Key Market Participants - Intensity Mapping
18.8. Drivers and Restraints - Impact Analysis

19. Middle East and Africa Market Analysis 2019-2023 and Forecast 2024-2033

19.1. Introduction
19.2. Pricing Analysis
19.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
19.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 19.4.1. By Country
  - 19.4.1.1. GCC Countries
  - 19.4.1.2. Turkey
  - 19.4.1.3. Northern Africa
  - 19.4.1.4. South Africa
  - 19.4.1.5. Rest of Middle East and Africa
- 19.4.2. By Source
- 19.4.3. By Form
- 19.4.4. By Nature
- 19.4.5. By End Use
19.5. Market Attractiveness Analysis
- 19.5.1. By Country
- 19.5.2. By Source
- 19.5.3. By Form
- 19.5.4. By Nature
- 19.5.5. By End Use
19.6. Market Trends
19.7. Key Market Participants - Intensity Mapping
19.8. Drivers and Restraints - Impact Analysis

20. Country Wise Market Analysis 2024

20.1. Introduction
- 20.1.1. Market Value Proportion Analysis, By Key Countries
- 20.1.2. Global Vs. Country Growth Comparison
20.2. U.S. Market Analysis
- 20.2.1. By Source
- 20.2.2. By Form
- 20.2.3. By Nature
- 20.2.4. By End Use
20.3. Canada Market Analysis
- 20.3.1. By Source
- 20.3.2. By Form
- 20.3.3. By Nature
- 20.3.4. By End Use
20.4. Mexico Market Analysis
- 20.4.1. By Source
- 20.4.2. By Form
- 20.4.3. By Nature
- 20.4.4. By End Use
20.5. Brazil Market Analysis
- 20.5.1. By Source
- 20.5.2. By Form
- 20.5.3. By Nature
- 20.5.4. By End Use
20.6. Germany Market Analysis
- 20.6.1. By Source
- 20.6.2. By Form
- 20.6.3. By Nature
- 20.6.4. By End Use
20.7. Italy Market Analysis
- 20.7.1. By Source
- 20.7.2. By Form
- 20.7.3. By Nature
- 20.7.4. By End Use
20.8. France Market Analysis
- 20.8.1. By Source
- 20.8.2. By Form
- 20.8.3. By Nature
- 20.8.4. By End Use
20.9. U.K. Market Analysis
- 20.9.1. By Source
- 20.9.2. By Form
- 20.9.3. By Nature
- 20.9.4. By End Use
20.10. Spain Market Analysis
- 20.10.1. By Source
- 20.10.2. By Form
- 20.10.3. By Nature
- 20.10.4. By End Use
20.11. Russia Market Analysis
- 20.11.1. By Source
- 20.11.2. By Form
- 20.11.3. By Nature
- 20.11.4. By End Use
20.12. China Market Analysis
- 20.12.1. By Source
- 20.12.2. By Form
- 20.12.3. By Nature
- 20.12.4. By End Use
20.13. Japan Market Analysis
- 20.13.1. By Source
- 20.13.2. By Form
- 20.13.3. By Nature
- 20.13.4. By End Use
20.14. S. Korea Market Analysis
- 20.14.1. By Source
- 20.14.2. By Form
- 20.14.3. By Nature
- 20.14.4. By End Use
20.15. India Market Analysis
- 20.15.1. By Source
- 20.15.2. By Form
- 20.15.3. By Nature
- 20.15.4. By End Use
20.16. ASEAN Market Analysis
- 20.16.1. By Source
- 20.16.2. By Form
- 20.16.3. By Nature
- 20.16.4. By End Use
20.17. Australia and New Zealand Market Analysis
- 20.17.1. By Source
- 20.17.2. By Form
- 20.17.3. By Nature
- 20.17.4. By End Use
20.18. Turkey Market Analysis
- 20.18.1. By Source
- 20.18.2. By Form
- 20.18.3. By Nature
- 20.18.4. By End Use
20.19. South Africa Market Analysis
- 20.19.1. By Source
- 20.19.2. By Form
- 20.19.3. By Nature
- 20.19.4. By End Use

21. Market Structure Analysis

21.1. Market Analysis by Tier of Companies (Citrus Concentrates)
21.2. Market Share Analysis of Top Players
21.3. Market Presence Analysis

22. Competition Analysis

22.1. Competition Dashboard
22.2. Competition Benchmarking
22.3. Competition Deep Dive
- 22.3.1. Givaudan SA
  - 22.3.1.1. Overview
  - 22.3.1.2. Product Portfolio
  - 22.3.1.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.1.4. Sales Footprint
  - 22.3.1.5. Strategy Overview
- 22.3.2. International Flavors & Fragrances, Inc.
  - 22.3.2.1. Overview
  - 22.3.2.2. Product Portfolio
  - 22.3.2.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.2.4. Sales Footprint
  - 22.3.2.5. Strategy Overview
- 22.3.3. Symrise AG
  - 22.3.3.1. Overview
  - 22.3.3.2. Product Portfolio
  - 22.3.3.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.3.4. Sales Footprint
  - 22.3.3.5. Strategy Overview
- 22.3.4. ALG Juices Pty Ltd
  - 22.3.4.1. Overview
  - 22.3.4.2. Product Portfolio
  - 22.3.4.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.4.4. Sales Footprint
  - 22.3.4.5. Strategy Overview
- 22.3.5. Sensient Technologies Corporation
  - 22.3.5.1. Overview
  - 22.3.5.2. Product Portfolio
  - 22.3.5.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.5.4. Sales Footprint
  - 22.3.5.5. Strategy Overview
- 22.3.6. Takasago International Corporation
  - 22.3.6.1. Overview
  - 22.3.6.2. Product Portfolio
  - 22.3.6.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.6.4. Sales Footprint
  - 22.3.6.5. Strategy Overview
- 22.3.7. Firmenich SA
  - 22.3.7.1. Overview
  - 22.3.7.2. Product Portfolio
  - 22.3.7.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.7.4. Sales Footprint
  - 22.3.7.5. Strategy Overview
- 22.3.8. Dohler
  - 22.3.8.1. Overview
  - 22.3.8.2. Product Portfolio
  - 22.3.8.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.8.4. Sales Footprint
  - 22.3.8.5. Strategy Overview
- 22.3.9. Kerry Group
  - 22.3.9.1. Overview
  - 22.3.9.2. Product Portfolio
  - 22.3.9.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.9.4. Sales Footprint
  - 22.3.9.5. Strategy Overview
- 22.3.10. Archer Daniels Midland Company
  - 22.3.10.1. Overview
  - 22.3.10.2. Product Portfolio
  - 22.3.10.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.10.4. Sales Footprint
  - 22.3.10.5. Strategy Overview
- 22.3.11. Mane Group
  - 22.3.11.1. Overview
  - 22.3.11.2. Product Portfolio
  - 22.3.11.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.11.4. Sales Footprint
  - 22.3.11.5. Strategy Overview
- 22.3.12. R.C. Treatt & Co. Ltd
  - 22.3.12.1. Overview
  - 22.3.12.2. Product Portfolio
  - 22.3.12.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.12.4. Sales Footprint
  - 22.3.12.5. Strategy Overview
- 22.3.13. Trilogy Ingredients, Inc
  - 22.3.13.1. Overview
  - 22.3.13.2. Product Portfolio
  - 22.3.13.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.13.4. Sales Footprint
  - 22.3.13.5. Strategy Overview
- 22.3.14. Lionel Hitchen Limited
  - 22.3.14.1. Overview
  - 22.3.14.2. Product Portfolio
  - 22.3.14.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.14.4. Sales Footprint
  - 22.3.14.5. Strategy Overview
- 22.3.15. Citromax Flavors
  - 22.3.15.1. Overview
  - 22.3.15.2. Product Portfolio
  - 22.3.15.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.15.4. Sales Footprint
  - 22.3.15.5. Strategy Overview
- 22.3.16. Flavor Producers, LLC
  - 22.3.16.1. Overview
  - 22.3.16.2. Product Portfolio
  - 22.3.16.3. Profitability by Market Segments (Product/Channel/Region)
  - 22.3.16.4. Sales Footprint
  - 22.3.16.5. Strategy Overview