Global Orange Extract Market Overview
Orange Extract Market Size was valued at USD 0.7 Billion in 2022. The orange extract market industry is projected to grow from USD 0.74 Billion in 2023 to USD 1.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.8% during the forecast period (2023 - 2032). Due to its numerous advantages, including working as a potent flavoring ingredient in baked goods and fruit beverages, as an immune booster, preserving healthy skin, and treating constipation, it is being used more and more in carbonated soft drinks, fruit beverages, sports & energy drinks, food, and other industries are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Orange extract Market Trends
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Growing Consumer Interest in Exotic Fruit Flavours is driving market growth.
The demand for fruity flavors like orange extract in processed foods has quickly increased and is still growing significantly globally. Ready-to-eat/ready-to-drink foods and snacks are becoming more popular, which has increased demand for exotic fruit flavoring. One of the primary techniques used by the top producers of processed foods to draw consumers continues to incorporate such exotic fruit flavors, fueling the worldwide orange extract market. Thus, driving the orange extract market revenue.
Consumer preference for flavored and fizzy drinks is anticipated to fuel the market for orange extract. People have switched to drinks with natural fruit flavors due to the negative health impacts of artificial flavors. People interested in their health favor plant-based drinks over other fizzy beverages. Additionally, customers' preferences for milk-based beverages have decreased for various reasons, including shorter shelf life, the inclusion of lactose, impurity, etc. This is another important element that will likely fuel the market for orange extract worldwide.
The demand for pulse proteins has risen due to shifting sociodemographics and expanding use of these proteins in various foods and beverages. On the other side, it is anticipated that the rising need for animal-based protein will have a detrimental effect on the environment, including the production of greenhouse gas emissions and the need for water. These elements will result in the developing of current protein sources and other alternative sources for direct human consumption to be more sustainably produced.
The rising demand for beverages in Western Europe and Latin America is anticipated to present significant potential for competitive players in the orange extract market. The orange extract will likely see large sales due to the increasing demand for nutraceuticals with all-natural flavors and components. During the forecast period, key players in the orange extract market are anticipated to take advantage of this potential. Food and beverage firms are putting a lot of effort into research and development to improve the nutritional profile and multifunctionality of orange extract, which has a lot of health benefits.
The increasing demand for aromatic essential oils is projected to open up more prospects for orange extract producers. Orange extract would be more widely distributed to the cosmetic and personal care industries due to aromatic oil production from orange peels. Therefore, it is anticipated that there will be more chances over the projection period due to the use of orange extract in these industries.
Orange Extract Market Segment Insights
Orange Extract Form Insights
Based on the form, the orange extract market segmentation includes powder and liquid. By 2029, the liquid market segment is anticipated to command 64.4% of the total market share in revenue. The category is anticipated to grow throughout the projection period due to rising demand for cold beverages, easily handled packaging materials and the popularity of original plant-based beverages among athletes and sportspeople. This segment is expanding due to the growing use of liquid orange extracts in the food and beverage industry.
Orange Extract Category Insights
Based on the source, the orange extract market segmentation includes organic and conventional. The conventional segment dominated the market, accounting for 75% of market revenue. At the same time, the organic segment is expected to grow at the fastest rate due to the increasing demand for organic food and beverages.
Orange Extract Application Insights
Based on application, the orange extract market segmentation includes food & beverage, personal care products, pharmaceuticals. The Food & Beverage category would account for 47% of the market's total revenue. Orange Extracts are concentrated orange tastes that have been steeped in alcohol. All extracts must have a minimum alcohol content of 33%, which is burned off during baking or cooking to leave a flavorful residue. Orange peel oil, water, and ethanol make the orange extract. The Club House brand has the following ingredients: Alcohol (75-85%), Water, and Natural Orange Oil. About 5% of the solution will be made up of orange oil. These oils are frequently made from components used in the food and beverage sectors to extract orange flavor.
However, during the projection period, the personal care category is anticipated to develop at the quickest CAGR. Due to its exfoliating properties, orange extract is advised for various cosmetic items, including anti-aging, moisturizing, depigmenting, and cosmetic goods that increase general blood circulation. The moderate astringent properties of orange extract help to cure acne-prone skin. It is gentle, relieves itchiness and irritation, lessens acne, and fades scars. Another benefit of orange oil is that it can assist in restoring the skin's natural oil balance, which is a key factor in this market's expansion.
Figure 1: Orange Extract Market, by Application, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Orange Extract Regional Insights
By region, the study provides market insights into North America, Asia-Pacific, Europe, and the Rest of the World. In 2022, the North American region accounted for 48% of the market. Due to advancements in marketing analytics technology and long-standing industry participants, growth would be feasible. Additionally, in numerous nations, including the U.S., Mexico, and Canada, enterprises, third-party administrations, and others are concentrating their efforts on manufacturing consumer-centric items, which will help the region grow. The market for orange extract is anticipated to grow rapidly due to increasing demand, higher income, updated technology and equipment, and programs to increase awareness of the need.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: ORANGE EXTRACT MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's orange extract market accounts for the second-largest market share due to the region's increasing food and beverage industry. Further, the German orange extract market held the largest market share, and the UK was the fastest-growing market in the European region.
The Asia Pacific orange extract Market is expected to grow at the fastest CAGR from 2023 to 2032. During the forecast period, the creation of several consumer goods infused with orange extract and improvements in agricultural techniques are projected to be significant drivers of the Asia-Pacific market's growth. Moreover, China’s orange extract market held the largest market share, and the Indian orange extract market was the fastest-growing market in the North American region.
Orange Extract Key Market Players & Competitive Insights
Leading industry companies are making significant R&D investments to diversify their product offerings, which will spur further expansion of the market for orange extract. Market participants also engage in various strategic actions to increase their worldwide footprint. Important market developments include introducing new products, increased investments, contractual agreements, mergers and acquisitions, and collaboration with other organizations. The orange extract sector must provide affordable products to grow and thrive in a more cutthroat and competitive market environment.
One of the main business strategies manufacturers use in the worldwide gluten-free beer industry to benefit customers and expand the market sector is local manufacturing to reduce operational costs. The orange extract sector has recently provided some of the most important medicinal benefits. Major players in the orange extract market, including Döhler GmbH (Germany), RC Fine Foods, Inc. (US), McCormick & Company, Inc. (US), Nielsen-Massey Vanillas, Inc. (US), Kerry Group Plc. (Ireland), Nutrizo Advancis Health Care (India), Cook Flavoring Company (US), and others.
Döhler is a leading producer, marketer, and supplier of technology-based natural ingredients and ingredient systems, also known as food additives, for the food and beverage industries. They offer a wide variety of products, including flavors, colors, specialty & performance ingredients, cereal components, dairy ingredients, fruit & vegetable ingredients, and ingredient systems. Döhler, a German company headquartered in Darmstadt, has 23 production facilities, 24 application centers, 50 sales offices, and sales representation in over 130 nations. From concept to completion, integrated food and beverage solutions are offered by more than 5,000 personnel.
An American food firm named McCormick & Firm, Incorporated creates, markets, and provides retail establishments, food producers, and food service companies with spices, seasoning mixes, condiments, and other flavoring items. Based on income, they are the world's largest producer of spices and related food goods, and their products are sold in many nations. McCormick, a Fortune 500 corporation, employs over 14,000 people worldwide. In the third quarter of 2018, the corporate headquarters relocated from Sparks to Hunt Valley, Maryland.
Key Companies in the orange extract market include.
- Döhler GmbH (Germany)
- RC Fine Foods, Inc. (US)
- McCormick & Company, Inc. (US)
- Nielsen-Massey Vanillas, Inc. (US)
- Kerry Group Plc. (Ireland)
- Nutrizo Advancis Health Care (India)
- Cook Flavoring Company (US)
- Southern Flavoring Company, Inc. (US)
- Nature's Sunshine Products, Inc. (Canada)
Orange Extract Industry Developments
October 2020: The food giant Kerry introduced a new non-thermal liquid extraction technology to extract citrus from fruits more effectively. Highly concentrated extracts produced with this novel process can be used instead of citrus oils. It can be used on various citrus fruits in flavored waters, herbal tea, juices, energy drinks, alcoholic beverages, and flavored spirits, among other applications.
April 2022: Citrus is a top trending ingredient, driven by the rising number of health-conscious consumers. Therefore, TREATT's maker of natural extracts and ingredients increased its selection of TreattClear, natural citrus extracts for the beverages sector.
Orange Extract Market Segmentation
Orange Extract Form Outlook
Orange Extract Category Outlook
Orange Extract Application Outlook
- Food & Beverage
- Personal Care Products
- Pharmaceuticals
Orange Extract Regional Outlook
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Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
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Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
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Rest of the World
- Middle East
- Africa
- Latin America
Orange Extract Market Highlights:
