Published Date: 31-Mar-23
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According to a new report, published by KBV research, The Global Citrus Concentrate Market size is expected to reach $10.8 billion by 2028, rising at a market growth of 5.2% CAGR during the forecast period.
The Organic segment is showcasing a CAGR of 7.8% during (2022 - 2028). This is owing to the fact that organic foods had greater antioxidant contents than those cultivated conventionally. Antioxidants have previously been associated with a lower incidence of chronic illnesses like cancer and neurological disorders. In addition, crops grown organically are subject to stringent certification requirements. They are strongly barred from using pesticides and have four times fewer pesticide residues than conventional crops.
The Oranges segment acquired maximum revenue share in the Global Citrus Concentrate Market by Source in 2021 thereby, achieving a market value of $5 billion by 2028. This is due to the widespread availability of oranges and customers' demand for a healthy diet. The most popular taste among customers is orange. Orange makes various foods and drinks, including soft drinks, syrups, ice creams, and sweets. Fruit concentrates of the highest caliber are constantly produced in the Mediterranean area using fresh fruit that tastes good and are of the highest caliber.
The Dry segment has shown the growth rate of 8.2% during (2022 - 2028). This is owing to the fact that powder has a wide range of uses in various industries like food & beverages in addition to offering several nutritional benefits. Its high fiber content facilitates digestion. There are also several different flavonoids. In addition to being essential for cellular repair, several investigations have shown that these compounds may also have some anti-illness properties. Compared to pure fruit juice, citrus powder has been demonstrated to have 17 times more antioxidants.
The B2B segment is leading the Global Citrus Concentrate Market by Sales Channel in 2021 thereby, achieving a market value of $8.2 billion by 2028. This is due to the fact that a business-to-business (B2B) transaction usually refers to a kind of transaction between companies. Business-to-business refers to transactions between businesses rather than between a firm and a specific customer. With this model, businesses can get various benefits like less expense on marketing and more brand recognition, which are anticipated to aid in the segment's growth during the projected period.
The Food & Beverages segment is generating highest revenue share in the Global Citrus Concentrate Market by End-use in 2021 thereby, achieving a market value of $6.5 billion by 2028. This is due to its widespread use and accessibility in the Citrus Concentrate business. Natural dietary components promoting gut health and immunity are more popular these days. One such versatile substance is Citrus Concentrate, which has several uses. In several meals, Citrus Concentrate is also utilized as a flavor. It is often used while making baked goods like pastries and cakes. Alcoholic beverages may also be made using a Citrus Concentrate.
The Europe market dominated the Global Citrus Concentrate Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3.8 billion by 2028. The North America market is exhibiting a CAGR of 5% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 5.6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/citrus-concentrate-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Sales Channel
By End User
Unique Offerings from KBV Research
North America Citrus Concentrate Market Future Scope & Opportunities 2022-2028
Europe Citrus Concentrate Market Size & Growth Forecast 2022-2028
Asia Pacific Citrus Concentrate Market Size, Share & Industry Outlook to 2028
LAMEA Citrus Concentrate Market Growth, Trends & Forecasts 2022-2028