Global Orange Extracts Market Report and Forecast 2024-2032

Global Orange Extracts Market Outlook

The global orange extracts market size reached a value of approximately USD 631.52 million in 2023. The market is expected to grow at a CAGR of 5.50% between 2024 and 2032, reaching a value of USD 1,022.53 million by 2032.

Key Trends in the Market

Orange extracts are highly concentrated flavouring agents extracted from orange peels onto a base that capture the essence of the orange’s citrus flavour. These extracts are used to add flavour and benefits to food and beverages, cosmetics, and pharmaceuticals, among other end uses.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

• Increasing demand from flavouring companies to provide new and unique flavours to food and beverage products such as sodas and chocolates, among other products is a key trend fuelling the orange extracts market growth.

• Rising awareness regarding the health benefits associated with orange extracts such as pain relief, lowered risk of cancer, reduced symptoms of anxiety, and weight loss, are further boosting the growth of the market.

• Orange extracts are gaining popularity in the cosmetic and skin care sectors owing to the various benefits offered by them such as acne prevention, reduction of inflammation, and controlling of skin ageing.

Market Analysis

Based on nature, the market is segmented into organic and conventional. On the basis of form, the market is divided into powder and liquid. By end use, the market is categorised into food and beverages, cosmetics, and pharmaceuticals, among others. On the basis of region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global orange extracts market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Döhler GmbH

• Archer-Daniels-Midland Company

• Kerry Group

• Nielson-Massey Vanillas, Inc.

• McCormick and Company, Inc

• OliveNation LLC

• Citrus Extracts LLC

• Amoretti

• Others

Market Share by Nature

Conventional orange extracts by nature accounted for a significant share in the orange extracts market as they are widely available and are comparatively less expensive than organic orange extracts. There is an increased demand for conventional orange extracts from food and beverage companies as well as fragrances and cosmetics companies, which is supporting the growth of the market. However, organic orange extracts are also anticipated to witness significant growth in the upcoming years owing to the growing consumer demand for natural and organic products.

Market Share by Region

North America held a sizable share of the market for orange extracts during the historical period and is expected to continue growing over the forecast period due to rising demand for orange flavoured food products and beverages. Consumers in North America are increasingly preferring natural ingredients due to propelling health concerns and rising awareness of the health benefits of natural products, which is expected to increase the demand for orange extracts in the region. Presence of key players and manufacturers in countries such as the United States is further contributing to the growth of the market for orange extracts in North America.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Competitive Landscape

Döhler GmbH is a food and beverage company that was founded in 1838. The company is headquartered in Darmstadt, Germany and is known for providing technology-based ingredient systems and natural ingredients to the food industry.

Archer-Daniel-Midland Company was established in 1902 and has its headquarters in Illinois in the United States. This food processing company specialises in food ingredients, plant-based proteins, food science, and animal nutrition, among others.

Kerry Group was founded in 1972 and has its headquarters located in Tralee, Ireland. This company works with the aim to help nourish the global population for which it produces ingredients that are used in various food products.

Other market players include Nielson-Massey Vanillas, Inc., McCormick and Company, Inc, OliveNation LLC, Citrus Extracts LLC, and Amoretti, among others.

Key Highlights of the Report