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2021
Citrus Flavors Market

Citrus Flavors Market by Type (Orange, Lemon, Lime, Grapefruits, and Others), Nature (Natural and Artificial), Application (Beverages, Savory, Bakery Products, Confectionery, and Others), and Sales Channel (Departmental Stores, Supermarkets, Online Retail, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

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Dec 2021 | 95 Views
   
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COVID-19

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The global citrus flavors market has experienced significant growth and is expected to grow exponentially in the coming years. Citrus is an essential flavor in many desserts and beverages. Citrus flavor is derived from the orange, lemon, lime, and grapefruit. Citrus flavors are popular in both young consumers as well as older consumers because of its mature taste. Citrus flavors are rich in vitamin C, which strengthens the immune system and keeps the skin smooth and elastic. The citrus flavors had low cholesterol and help regulate glucose levels. They also promote heart health and used in many medicines and other products like cosmetics. Citrus flavors are great sources of minerals, and when added to drinks or, food give a refreshing taste. It boosts the mineral balance and muscle contraction. The demand for citrus flavors is rising with the growing food and beverage market. The citrus flavor market is fragmented on the basis of types, nature, application, sales channel, and regions.

Market Scope and Structure Analysis

Report Metric

Details

  Market Size Available For Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Units 

  Value (USD)

  Segments Covered

  Type, Nature, Application, Sales Channel, and Region

  Regions Covered

North America (U.S, Mexico, and Canada), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

  Companies Covered

Takasago International Corporation, Kerry Group Plc., Symrise AG, Sensient Technologies Corporation, Firmenich International SA, Givaudan SA, Citromax Flavors Inc., Frutarom Industries Ltd., International Flavors & Fragrances Inc., Trilogy Ingredients, Inc

 

COVID-19 Scenario Analysis

  • The COVID-19 has severely affected the citrus flavor market.
  • The demand for citrus has fallen due to lockdown and shutdown in the bakery and other industries.
  • The retail stores are closed, which has decreased the sales of the products. 
  • In addition, the shutdown of the factories and pause in the production function has declined the demand of the citrus flavor.
  • The export and import of the raw material and finished products are disrupted due to the trade restrictions. 
  • The demand for the citrus flavor has shown a rise in the household sectors as people are focusing on making new dishes and bakery products.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
The increase in the bakery and beverage industry and the rising awareness about the health issues are the key factors that drive the growth of the global market. The launch of new products with the optimal prices and rising R&D can contribute to the citrus flavor market. Further, the rise in the restaurants, bakeries, and eating places can fuel the demand for the citrus flavors. 
However, artificial flavors contain unhealthy sweeteners, and other products can create a threat to the global market as people are shifting towards organic products to ensure better health. The rise in the substitute products can hamper the growth of the citrus flavor market. Also, the stringent regulation of the government on the import-export and the standards of products can hinder the growth of the global market. Even so, rapid urbanization, changing lifestyles, and an increase in disposable income also support the growth of the citrus flavor market. The rising use of citrus in different industries like medicines and cosmetics also increase the demand for the citrus flavor. Furthermore, the rise in the consumer preference for drinks like lemonade and other drinks, which contains citrus has increased the sales of the citrus flavor market. The launch of new bakery products and new developments or technology in the citrus flavors industry can drive the growth of the global market. 

Key Segments Covered

Segments

Subsegments

  Type

  • Orange
  • Lemon
  • Lime
  • Grapefruits
  • Others

  Nature

  • Natural
  • Artificial

  Application

  • Beverages
  • Savory
  • Bakery Products
  • Confectionery
  • Others

  Sales Channel

  • Departmental Stores
  • Supermarkets
  • Online Retail
  • Others

 

Key Benefits of the Report

  • This study presents the analytical depiction of the global citrus flavors industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global citrus flavors market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the global citrus flavors market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global citrus flavors market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Citrus Flavors Market Research Report

  • Which are the leading players active in the citrus flavors market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
 
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