6187 FMI20Final20 41


Citrus flavor producers are leveraging emerging clean label nutrition trends to enter long term contracts with food and beverage manufacturers, that will aid sales during and after the covid-19 pandemic.

With the global impact of the coronavirus pandemic, the citrus flavors market has gained demand for applications in processed foods and beverages, as consumers have displayed a preference for ready-to-eat convenience food options during the ongoing crisis. In addition, the demand for natural and organic ingredients will also witness a surge during this period, as consumers are more health conscious, aiding market growth even after the outbreak ends.

The citrus flavors market worth is expected to total US$ 2,977.1 Million in 2021, according to Future Market Insights (FMI) study. The study also projects the citrus flavors demand to surpass US$ 4,931.5 Million by 2031, growing at a CAGR of 5.2% for 2021-31.

Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-814

“Research into enhancing the stability of the new citrus flavor offerings and its wider scope of application in a numerous food types including dairy, confectionary, and others provide strong impetus to demand,” says the FMI analyst.

citrus flavors market characteristics and attributes with regional relevance

Citrus Flavors – Primary Takeaways

  • Natural citrus flavors are highly popular, owing to higher preference by food processing businesses.
  • Citrus flavors are largely used in beverage production applications, aided by changes in consumer preferences.
  • Asia Pacific is expected to reflect fast growth in the citrus flavors market, owing to major production and exports of citrus fruits and derivatives in the region.

Citrus Flavors – Growth Factors

  • Extensive health benefits and application of citrus flavorings are key factors driving market growth.
  • Easy availability of citrus flavor feedstock is generating key lucrative opportunities.

Citrus Flavors- Major Constraints

  • Adverse effects on oral health through over consumption is a concern restraining market growth.
  • Dependence of natural citrus flavor yield on environment and climate, is a key factor holding back market growth.

Discover more about report analysis with figures and data tables, along with the table of contents. Request for Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-814

The Projected Impact of Coronavirus

The coronavirus outbreak has substantially increased the demand for processed foods and beverages. In addition, consumers are becoming increasingly conscious about healthier food choices during the crisis. These trends will have a key role to boost the demand for natural and organic citrus flavors throughout the duration of the pandemic. Applications in nutraceutical and pharmaceutical products will generate growth opportunities. Bias towards clean label and organic food options will sustain market growth for the foreseeable future.

Competition Landscape

The citrus flavors market comprises players including but not limited to Takasago International Corp., Citromax Flavors Inc., Symrise AG, Kerry Group plc., Givaudan SA, Frutarom Industries, Firmenich International SA, Sensient Technologies, and International Flavors & Fragrances Inc.

Market players are seeking strategic acquisitions, in addition to investments into citrus fruit cultivation and exports to meet the large-scale demand for new flavor product development initiatives.

For instance, Citromax has initiated shipments of fresh lemons from Buenos Aires to China in June 2020. Symrise AG has partnered with Klaus Bocker for the cultivation of white grapefruit in South Africa. Further, Takasago International Corp has invested US$ 1.5 million in grapefruit tree plantations in Florida for flavor and fragrance production.

Buy Now@ https://www.futuremarketinsights.com/checkout/814

Citrus Flavors Market by Category

By Product Type:

  • Natural
    • Orange
    • Lemon
    • Lime
    • Grapefruit
    • Mandarin/Tangerine
    • Others (Blood Orange, Key Lime, Bergamot, etc)

By Application:

  • Sweet
    • Bakery
    • Confectionery
    • Breakfast Cereals
  • Dairy
    • Yogurt
    • Desserts & Ice-cream
  • Savory
    • Soups, Sauces, & Condiments
    • Prepared Food & Ready Meals
    • Meat, Poultry & Seafood
    • Seasoning Blends
    • Savory Snacks
  • Beverages
    • Juice Drinks & Mixes
    • Carbonated Beverages
    • Flavored Water
    • Alcoholic Beverages
  • Others

By Form:

  • Powder
  • Paste
  • Liquid

Key Questions Answered in Report

  • How much is the citrus flavors market worth?

    The global citrus flavors market is worth USD 2.97 Bn in 2021 and is expected to reach USD 4.93 Bn by 2031 owing to clean label trends in the food and beverage industry.

  • What is the demand outlook of the citrus flavors market?

    The demand for citrus flavors will rise at a CAGR of 5.2% through 2031.

  • What was the citrus flavors market CAGR for the last 5years?

    Historically, the market has grown at a CAGR of 3.6% from 2016 to 2020.

  • What are the key trends of the citrus flavors market?

    Investments into clean label and all-natural food and beverage product formulations will create key opportunities for market players in the coming decade.

  • What is driving the demand of the citrus flavors market?

    Growing cultivation of citrus fruits has increased sales opportunities in the citrus flavors market. Ongoing research on safe flavoring agents will drive the market during the forecast period.

  • What is the share of the top 5 players in the citrus flavors market?

    The cumulative market share of the top 5 players including Euglena, Koninkliijke DSM NV,Sun Chlorella, Fuji Chemical Industries Co., Ltd. , and  Novagreen constitutes 35-40% of the overall market.

Explore Wide-ranging Coverage of FMI’s Food & Beverages Landscape:

Egg Replacement Ingredient MarketFMI’s compelling study on the egg replacement ingredient market sheds light on the prominent dynamics influencing the growth trajectory for the upcoming forecast period 2020-2030 through detailed segmental and regional analyses.

Pea Protein MarketThe pea protein market report offers a 360-degree analysis, bringing to the fore insights that can help stakeholders identify key challenges and opportunities across the upcoming decade’s growth trajectory.

Natural Food Colours MarketThe global natural food colours market is anticipated to surpass an impressive revenue threshold by the end of the forecast period ranging from 2020 to 2030, concludes FMI’s recently published research report on the market.

Tags: Citrus Flavours Market Revenue, Citrus Flavours Market Growth, Citrus Flavours, Citrus Flavours Industry Size, Citrus Flavours Industry Share, Citrus Flavours Market Sales, North America Citrus Flavours Market, Citrus Flavours Market, Citrus Flavours Market Demand

See Campaign: https://www.futuremarketinsights.com/reports/citrus-flavours-market
Contact Information:
Future Market Insights Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates MARKET ACCESS DMCC Initiative For Sales Enquiries: sales@futuremarketinsights.com For Media Enquiries: press@futuremarketinsights.com

Reportedtimes, PR-Wirein, Menafn, iCN Internal Distribution, Extended Distribution, Research Newswire, English