North America Citrus Concentrate Market Size, Share & Industry Trends Analysis Report By Nature, By Source, By Form (Liquid, and Dry), By Sales Channel, By End-use (Food & Beverages, Pharmaceuticals, Nutraceuticals), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The North America Citrus Concentrate Market would witness market growth of 5.0% CAGR during the forecast period (2022-2028).
After being heated to eliminate part of the water, the natural lemon juice is transformed into a concentrated liquid six times as potent as ordinary juice and much less in volume.
At this reduced volume, lemon concentrate is more accessible and less expensive than NFC juice. After it reaches the last stage of processing, it may either be utilized in its concentrated form or converted back to a regular-strength juice by re-adding water. Contrary to popular belief, concentrate juice maintains nutritional benefits comparable to NFC juice, even though this fallacy is prevalent.
Lemon juice concentrate is a fantastic substitute for sweetened or sugary drinks since the citrus flavor often eliminates the need for sweeteners. It is a fantastic source of vitamin C and antioxidants, which help enhance the immune system. One may get all their recommended daily dose of vitamin C for the day from the juice of only two lemons. Lemon juice is known to have a high concentration of citric acid, which may assist in avoiding kidney stones and promote good digestion.
Mexico's food business is one of the most active in the country, contributing $39.4 billion to the GDP in 2020 with an average yearly growth of 4.3 percent. The recovery of Mexico's tourist industry was the main factor behind the rise in demand for food processing components in 2021. Mexico remains a significant market for many international food supplies, even though it typically gets around 90% of the ingredients used in food production domestically. The robust presence of the food and beverages industry is expected to increase the utilization of citrus concentrate to make various food and beverage products, thereby propelling market growth in the region.
The US market dominated the North America Citrus Concentrate Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2,144 million by 2028. The Canada market is poised to grow at a CAGR of 7.4% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.4% during (2022 - 2028).
Based on Nature, the market is segmented into Conventional, and Organic. Based on Source, the market is segmented into Oranges, Tangerines, Lemon & Limes, Grapefruits, and Others. Based on Form, the market is segmented into Liquid, and Dry. Based on Sales Channel, the market is segmented into B2B, and B2C. Based on End-use, the market is segmented into Food & Beverages, Pharmaceuticals, Nutraceuticals, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Citrus Concentrate Market is Predict to reach $10.8 Billion by 2028, at a CAGR of 5.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Döhler Gmbh, IPRONA SPA, Louis Dreyfus Company B.V., SunOpta, Inc, Kiril Mischeff Limited, Vinayak Ingredients (INDIA) Pvt. Ltd., Asia Farm F&B Pte Ltd, Citrus Systems, Inc., Prodalim B.V., and El-Marwa Food Industries Co.
Scope of the Study
Market Segments Covered in the Report:
- Lemon & Limes
By Sales Channel
By End User
- Food & Beverages
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Döhler Gmbh
- IPRONA SPA
- Louis Dreyfus Company B.V.
- SunOpta, Inc
- Kiril Mischeff Limited
- Vinayak Ingredients (INDIA) Pvt. Ltd.
- Asia Farm F&B Pte Ltd
- Citrus Systems, Inc.
- Prodalim B.V.
- El-Marwa Food Industries Co.
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