Citrus Concentrate Market
Citrus Concentrate Market Study by Dry and Liquid Form for F&B, Pharmaceuticals, Nutraceuticals, Personal Care & Cosmetics, and Others from 2024 to 2034
Analysis of Citrus Concentrate Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Citrus Concentrate Market Outlook (2024 to 2034)
The global citrus concentrate market is projected to be worth US$ 8,978.2 million in 2024. Projections indicate the market will expand at a CAGR of 5.3% through 2034. The market is anticipated to cross US$ 15,107.3 million in 2034.
Key Market Growth Drivers
- Citrus concentrate’s use in various treats like ice creams, syrups, and more is proving to be a significant driver of market growth as the food & beverage industry’s expansion continues.
- Citrus fruits are reputed for their many health benefits, anti-inflammatory properties, and high amount of fiber, and thus, citrus concentrates are attractive to the health-conscious.
- In the summer season, the sale of citrus concentrates is boosted as people seek refuge in food and beverages from the heat outside.
- Plant-based and organic food products are receiving a vote of confidence from people, and thus, the demand for citrus concentrate is getting boosted.
- Various citrus fruits provide differing flavors to concentrates, with flavors like lemon and orange continuing to rise in popularity, ensuring constant demand for citrus concentrates.
Aside from the food industry, citrus concentrates are also finding application in the pharmaceutical industry. The health benefits of citrus make the concentrates a natural ingredient in many pharmaceutical products. Further, citrus concentrates are finding application in essential oils.
|Estimated Market Value (2024E)
|US$ 8,798.2 million
|Forecasted Market Value (2034F)
|US$ 15,107.3 million
|Global Market Growth Rate (2024 to 2034)
|Liquid Citrus Concentrate Segment Growth Rate (2024 to 2034)
|Food & Beverage Industry Segment Growth Rate (2024 to 2034)
|North America Market Share (2024)
|East Asia Market Share (2024)
|Key Companies Profiled
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Which Factors Have Driven the Global Surge in Citrus Concentrate Demand?
“Use of Citrus Concentrates in Alcoholic Beverages Adding Another Feather to the Demand for the Product in the Food & Beverage Industry”
The strong taste and flavors of citrus concentrates are lending the product additional use in the food & beverage industry in the form of alcoholic drinks. Citrus concrete is finding use in alcoholic beverages as diverse as beer and vodka. Alcohol-makers are also becoming partial to citrus concentrates to experiment with the taste in their drinks, as the unique flavor of citrus is used to change the complexion of beverages. Citrus fruits like oranges and lemons already find use in cocktails and tequila shots, and thus, consumers have accumulated the taste of citrus in their alcoholic drinks. Thus, the use of citrus concentrate in alcoholic beverages represents a lucrative opportunity for market players.
“Use of Citrus Concentrate in Cosmetics Contributing to Rapid Growth”
In addition to the food industry, the popularity of natural products is anticipated to rise in the cosmetics industry. As a result, cosmetic products with plant-based and organic ingredients are winning over consumers. Citrus extracts are thus finding increasing adoption in the cosmetic industry, being used in various skincare and beauty products. The health and pH-balancing benefits of citrus also support the use of citrus concentrate in cosmetics.
Which Factors Present Challenges to the Expansion of the Citrus Concentrate Market?
“Volatile Demand, Effects of Global Warming, and Underproduction are Factors Harming the Prospects of the Market”
Citrus concentrates are associated with the summer, and their popularity surges in that season. However, the demand fluctuates with temperature changes. Citrus concentrate experiences low demand as the atmosphere becomes chilly.
Global warming negatively affects the farming of citrus fruits. As a result, there is underproduction of citrus fruits, and the raw material supply of citrus concentrates is negatively affected.
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East Asia is turning out to be a highly lucrative region for the market, and the popularity of citrus concentrates in the region is only slated to grow. In 2024, East Asia is anticipated to account for 24.7% of the market share. Over the 2024–2034 period, the CAGR for East Asia is pegged to be 5.8%, and at the end of the forecast period, the region is marked to account for 25.7% of the market share.
Not far behind East Asia in terms of market share in North America. For 2024, North America is anticipated to contribute 22.6% of the market share. Through 2034, the CAGR for North America is anticipated to be 4.7%, and at the end of the forecast period, the region is expected to account for 21.2% of the market share.
What Makes China Such a Promising Country for the Citrus Concentrate Market?
“Use of Citrus Fruits in Chinese Cuisine and the Familiarity of the People with Them Makes China a Lucrative Country for Citrus Concentrate”
The citrus concentrate market’s value in China for 2024 is anticipated to be US$ 1,154.4 million. The market is expected to register a sturdy CAGR of 5.6% in China from 2024 to 2034, valued at US$ 2,756.6 million.
Famous dishes like Gan Ju Ji and seasonings like Chenpi in Chinese cuisine make use of citrus. The adoption of citrus in Chinese cuisine is natural as the country is the birthplace of a significant number of citrus fruits. Thus, the Chinese people have already acquired a taste of citrus and are also accepting citrus concentrates in various foods.
Why is the Citrus Concentrate Market Experiencing High Demand in Asia?
“Popularity of Several Citrus Beverages Keeps the Demand Flowing in Japan”
The Japanese value for the citrus concentrate market in 2024 is marked at US$ 476.8 million. The market is expected to register a sprightly CAGR of 6.3% for the forecast period in Japan, with the industry value projected to reach US$ 875.9 million in 2034.
Japan has several citrus fruits native to the country. Citrus fruit beverages, of the alcoholic and non-alcoholic kinds, made from both local and other sources, are popular in Japan. Yuzu is a popular citrus fruit in Japan, whose concentrate is used in alcohol, while Pokka lemon juice is a popular drink of the non-alcoholic variety.
Based on form, liquid is the most common type of citrus concentrate, with an expected market share of 74.54% in 2024. Powder is expected to contribute to the remaining 25.46%. The prevalence of the use of citrus concentrate in the food & beverage industry is the highest. In 2024, food & beverage end-use is expected to account for 35.98% of the market share. The increasing importance of cosmetics to the citrus concentrate industry can be seen as cosmetics end-use, which is expected to contribute to 21.76% of the market share in 2024.
Why is Citrus Concentrate in the Liquid Form the Most Sought After?
“Popularity of Citrus-infused Beverages Make the Liquid Form Stand Out”
Citrus concentrate in liquid form is the most popular, with an anticipated market share of 74.54% in 2024. Liquid citrus concentrate is expected to grow at a solid CAGR of 5.0% over the forecast period.
The citrus concentrate is most commonly known in its juice form. Add onto those various other uses in the food & beverage industry, and thus liquid citrus concentrate is more popular than dry citrus concentrate.
Why Does the Food and Beverage Industry Use Citrus Concentrate Most Often?
“Global Need for Food, and Epically Healthy Food, Necessitates the Food Industry’s Use of Citrus Concentrate”
Food & beverage end-use is expected to account for 35.98% of the market share in 2024. For the forecast period, food & beverage industry end-use is expected to progress at a reasonable CAGR of 5.0%.
With the rapid rise in population, food demand is experiencing record highs. The demand for healthy food is also rising in light of an increasing number of people adopting diets, preferring clean-label food, and other reasons. Thus, food & beverage is the industry that most often makes use of citrus concentrate.
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Citrus concentrate market manufacturers are looking to streamline the supply chain and raw material acquisition process. Thus, vertical integration and partnerships with local players are common strategies in the market.
Another way manufacturers are looking to ease the raw material acquisition process is by opening plants in regions where citrus is fertile. These plants are also being upgraded with state-of-the-art technology, making the process of getting citrus concentrate more efficient. Some of the key companies in the citrus concentrate industry are Givaudan SA, International Flavors & Fragrances, Inc., Symrise AG, ALG Juices Pty Ltd, Sensient Technologies Corporation, Takasago International Corporation, Firmenich SA, Döhler, Kerry Group, Archer Daniels Midland Company, Mane Group, R.C. Treatt & Co. Ltd, Trilogy Ingredients, Inc, Lionel Hitchen Limited, Citromax Flavors, and Flavor Producers, LLC.
Some of the recent developments in the market are:
- In 2023, it was posted by researchers from the Lewis Katz School of Medicine at Temple University that the juice concentrate from the Japanese plum could reduce the risk of cardiovascular disease.
- In October 2023, Spanish startup Heüra Foods launched the York Ham Style cold cuts. Made from plant-based meat, one of the ingredients used in the making is lemon juice concentrate.
- In March 2023, McDonald’s Canada launched three beverages with lemon juice concentrate as one of the premier ingredients. The range is known as the Fruit Splash range and contains three varieties: Lemon, Strawberry Passionfruit, and Peach Mango
Segmentation of Citrus Concentrate Market Research
By End Use:
- Food & Beverage Industry
- Personal Care & Cosmetics
- Lemon & Lime
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
- FAQs -
What is the Leading Form of Citrus Concentrate in the Market?
Liquid form is the most popular form of citrus concentrate, accounting for an expected market share of 74.54% in 2024.
What is the Sales Outlook for Citrus Concentrate in 2024?
The sales outlook for citrus concentrate is likely to be valued at US$ 8,978.2 million in 2024.
What is the Demand Forecast for Citrus Concentrate for the Decade?
Demand for citrus concentrate is projected to reach a market value of US$ 15,107.3 million by the end of 2034.
What is the Adoption Growth Projection for Citrus Concentrate?
Adoption of citrus concentrate is projected to rise at a CAGR of 5.3% through 2034.
What are Some Prominent Citrus Concentrate Companies?
Givaudan SA, International Flavors & Fragrances, Inc., Symrise AG, and ALG Juices Pty Ltd are some of the prominent companies in the market.