Global Citrus Flavors Market Segmentation by Product Type ( Orange, Lemon, Lime, Grapefruit), the orange citrus flavors attained market share of US$ 630.8 Mn and 65.5% respectively.
Industry: Food and Beverages
Published Date: February-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 333
Report ID: PMRREP30755
The market for citrus flavors can be expected to expand at a value based CAGR of 4.96% and show an increase in revenue from US$ 962.6 Mn to around US$ 1,561.6 Mn by 2033.
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Citrus Flavors Market Size (2023E) |
US$ 962.6 Mn |
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Projected Sales of Citrus Flavors (2033F) |
US$ 1,561.6 Mn |
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Value CAGR (2023-2033) |
4.96% |
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Value Share of Top 4 Countries (2022E) |
52% |
The global citrus flavors market has witnessed significant growth in the historical period registering a CAGR of 3.5% in the historical period and was valued at US$ 962.6 Mn in 2023. Citrus flavors are widely used as flavor ingredients by a majority of key players operating in the food & beverage industry, owing to the sour, sweet, and unique taste characteristics offered by these ingredients. Citrus flavors are gaining popularity in different segments, attributed to their enriched benefits for imparting a natural flavor and taste to the end product. They are most commonly used in a diverse range of beverages, snacks, and confections, thereby aiding the expansion of the global citrus flavors market size.
Apart from this, refreshing taste as well as richness in vitamins and nutritional values are some key characteristics behind the increasing popularity of citrus fruits and citrus flavors. Citrus flavors have also been finding their place in snack foods such as chips, cookies, candies, baked goods, and many more. The global market for citrus flavors is estimated to reach an approximate value of US$ 1,561.6 Mn in the forecast period.
“Clean Label Ingredients Gaining Traction Among Wide Range of End Users”
The clean label trend has had a great impact on consumer choices, and they are shifting toward spending on food products that are right for them. This trend refers to consumption of high nutritional and healthy food. Rising demand for citrus flavors and related products can be attributed to economic cost and rising awareness regarding clean label ingredients among consumers. Majority of manufacturers in the citrus flavors market are focusing on the production of citrus flavors that are free from synthetic chemicals or artificial ingredients. Increased consumer preference for fewer and more recognisable ingredients is expected to drive the growth of the citrus flavors market over the coming years.
“Citrus Flavor Suits Taste Preference of Consumers”
Consumption of fruits and fruit flavors has become a significant trend in recent years. Citrus is considered to be one of the most preferred flavors by consumers, when it comes to refreshing beverages. Citrus flavors offer a broad spectrum of taste nuances as compared to any other fruit category, and have consistently been chosen for a wide range of applications; no other taste enjoys a greater acceptance in the beverage industry. Thus, trending fruit flavors are expected to create huge opportunities for stakeholders in the global citrus flavors market.
“Citrus in the Spotlight as a Flavor Combinations”
The possibilities for creating new flavor combinations with exotic citrus and tropical fruits are limitless. Citrus and floral flavors go well together. Citrus is a popular flavor profile that is appearing in an increasing number of products. Other fruits that are being paired with citrus and other tropical flavors include kiwi, strawberry, pineapple, mango, cucumber, and other remaining fruit flavors. Tea manufacturers, for example, offer Lemon Iced Tea Mixes or ready-to-drink tea flavored with citrus fruits. These flavored drinks can be found in retrial stores, hotels, restaurants, and cafes.
“Familiarity of Citrus Flavor Drives Product Differentiation in the Beverages Industry”
Citrus flavor ingredients are witnessing increased demand from the beverages industry. Citrus flavors are gaining popularity among alcoholic beverage and flavored water manufacturers. Manufacturers of alcoholic beverages such as vodka, spritzers, beers, and many other products are using citrus flavors in the production, due to their high popularity and demand from consumers. Besides, most of the prime alcoholic beverage manufactures are inclining towards the use of citrus flavors in the manufacturing of premium products. In addition, flavored water sector is becoming a leading growth driver for citrus flavors. Sweet, sour, and ripe taste of citrus fruits is enabling flavor water manufacturers to use them as prime ingredients. Thus, these industries are expected to create huge opportunities for the citrus flavors market.
“Not Many Takers for Synthetic Citrus Flavors”
Consumers around the world are becoming health conscious and highly aware of the ingredients in their food. Increasing middle-class consumers in emerging markets and growing affordability of developed markets are fueling the growth of natural and organic flavors and ingredients. Chemical composition of synthetic ingredients can have a negative impact on human health. These are also not as healthy as natural and organic ingredients, which results in a downward trend for synthetic citrus flavors.
What is the Outlook for the European Citrus Flavors market?
The European market is among the top consumers of citrus flavors and is valued at US$ 307.5 Mn in 2023 and the value share is expected to rise significantly to reach US$ 429.5 Mn by 2033. Germany is pegged as the highest consumer with an estimated market value share of 15.2%. Based on its applications, beverages dominate the segment in the European market with a valuation of US$ 166.0 Mn in 2023.
What does the South Asia & Pacific citrus flavors market look like?
Although South Asia & Pacific holds approximately 10% of the market, the forecast predicts a rapid rate of growth based on the increasing demand from countries like India, currently the most populated country in the world. The rise in population will result in an inadvertent rise in demand which will lead to rapid advancements in production as well as consumption in the region.
Which Type of Citrus Flavors Accounts for High Revenue Generation?
The largest valuation has been attained by orange citrus flavors with a valuation and market share of US$ 630.8 Mn and 65.5% respectively. However, lime citrus flavor is projected to grow at the fastest rate based on the forecast value CAGR of 5.6% but will hold only 4.2% of the market in 2033.
Flavors play an important role in food and beverage products in terms of texture, taste, fragrance, and others. Food trends are changing nowadays, and consumers are seeking adventurous and tasty food and beverages with healthy ingredients. Citrus flavors are becoming the best alternative flavor solutions in the food and beverage industry.
What is the Outlook for the Nature Segment in the Forecast Period?
The nature segment is further sub segmented into natural and artificial flavors where current trends and market value elucidates the preference for natural flavors with a value of US$ 524.4 Mn in 2023 while artificial holds almost 46% of the market share. The various applications of the flavors mark the respective demand for the same. For the food and beverage industry, artificial flavors offer a low-cost alternative which makes its adoption fairly popular among manufacturers.
Key players in the citrus flavors market are focused on innovation, and thus, investing in R&D with a mindset of offering innovative product solutions. Manufacturers are also following the strategy of expansion of production facility as well as strategic alliances/partnerships, mergers, and acquisitions with regional flavor and food manufacturers, to increase their market presence and product offerings in the global food and beverage market.
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Details |
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Forecast period |
2023-2033 |
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Historical data available for |
2018-2022 |
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Market analysis |
USD million for value |
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Key regions covered |
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Key countries covered |
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Key market segments covered |
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Key companies profiled |
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Customization & pricing |
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The global market for citrus flavors has a value of US$ 962.6 Mn in 2023.
The global market for citrus flavors has a value CAGR of 3.5% from 2018-2022.
The global market for citrus flavors has a value of US$ 1,561.6 Mn in 2033.
The global market for citrus flavors has a value CAGR of 4.96% from 2023-2033.
The top 5 players in citrus flavors market include Symrise AG, Sensient Technologies Corporation, Döhler, Kerry Group, Archer Daniels Midland Company.
