Citrus Peel Extract Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 5.6 Billion by 2030, growing at a CAGR of 6.6% from 2024 to 2030.
The global citrus peel extract market was valued at approximately USD 500 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2030. This growth is attributed to the increasing consumer preference for natural and organic ingredients in various sectors, including food and beverages, cosmetics, and pharmaceuticals. Citrus peel extract is valued for its potent antioxidant properties, which drive its demand in the health and wellness industry. Additionally, the rising awareness of the benefits of citrus peel extracts, such as their role in improving skin health and reducing inflammation, further fuels market expansion.
Emerging markets present significant opportunities for growth, particularly in regions like Asia-Pacific and Latin America, where there is a burgeoning interest in natural and herbal products. The expansion of the food and beverage industry, along with growing disposable incomes and evolving consumer preferences, creates a favorable environment for the citrus peel extract market. Furthermore, advancements in extraction technologies and increased applications in dietary supplements and functional foods are likely to enhance market prospects. Companies are expected to focus on strategic partnerships and innovation to leverage these emerging opportunities and expand their market presence.
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Phyto Life Sciences
Cifal Herbal Private
Ultra International
IRIMAR
Vee Kay International
Argenti Lemon
Vincent Corporation
Apara International
All thing Citrus
Kanegrade
RUNHERB
Orgenetics
Herbal Bioactives
Active Concepts
NOW Foods
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Citrus Peel Extract Market
Pharmaceutical
Food Industry
Personal Care
Dietary Supplements
Others
Based on Types the Market is categorized into Below types that held the largest Citrus Peel Extract market share In 2023.
Oil
Powder
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Citrus Peel Extract Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Citrus Peel Extract Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Citrus Peel Extract Market, By Type
6. Global Citrus Peel Extract Market, By Application
7. Global Citrus Peel Extract Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Citrus Peel Extract Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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