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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Citrus flavors is one of the popular flavoring agent widely used in the food and beverage industry. It enhances the taste of the food products and also offers various health benefits such as vitamins, minerals, and other nutrients. Moreover, citrus flavors and fruits are ideal ingredients for people suffering from type 2 diabetes.

The global citrus flavours market is estimated to be valued at US$ 10,556.4 million in 2021 and is expected to exhibit a CAGR of 4.9 % over the forecast period (2021-2028).

Recent Developments:

  • In June 2021, JPL Flavours announced its intentions to expand its production facility in Neston to meet demand from culinary, dairy, personal care, health and nutrition, and confectionary applications.
  • In June 2021, Symrise AG started its state-of-the-art development, application, and sensory laboratories in Dubai to decode, design, and deliver winning taste solutions for leading food and beverages brands.
  • In March 2019, The Archer Daniels Midland Co. acquired the Ziegler Group, a provider of natural citrus flavour ingredients to strengthen its position in the citrus flavor market. The Ziegler Group uses proprietary cold concentration technologies to produce natural citrus oils, extracts, concentrates and compounds for flavor, food and beverage industry customers in Europe, the United States and Japan.

North America held dominant position in the global citrus flavors market in 2020, accounting for 29.5% share in terms of value, followed by Europe and Asia Pacific, respectively. North America is projected to maintain its dominance over the forecast period, owing to high preference for citrus flavour products and increasing popularity of citrus aromatherapy

Figure 1. Global Citrus Flavors Market Value (US$ Mn), by Region, 2020

Citrus Flavors  | Coherent Market Insights

Global Citrus Flavours Market: Drivers

Growing awareness regarding the health benefits of consumption of natural citrus flavors among consumers is projected to drive market growth. It increases the level of antioxidants in the body and also reduced the risk of various metabolic diseases such as diabetes. Moreover, it also helps in maintaining the weight of the obese people and promote various nutrition to the body. Thus, growing awareness regarding the health benefits of citrus flavors among consumer is fueling the market growth.

The availability of a wide range of citrus flavors around the globe is propelling market growth. For instance, Frutarom Switzerland Ltd. produces a variety of premium citrus flavors such as tangerine, orange, lemon, lime, grapefruit, and others. These flavors are used in various applications such as beverages, dairy, confectioneries, and others as it exhibit enhanced stability. Hence, the availability of a different range of citrus flavor is augmenting the market growth in the near future. 

Global Citrus Flavours Market: Opportunities

Increasing focus of the key manufacturer to upgrade the existing technologies for delivering a wide range of citrus flavors is expected to bring new market opportunities. An emerging application of the citrus flavors such as flavored alcohol, including spirits and malted beverages is again propelling the market growth of the citrus flavors. Growing demand for flavored alcohol and other beverages around the globe will favor the market growth of the citrus flavors in the near future.

The rising popularity of exotic citrus flavors is projected to offer lucrative opportunities over the forecast period. This is attributed to shifting consumer’s preferences towards various exotic citrus-flavored food products. For example, in the near future, various innovative citrus flavors such as chilies combined with citrus flavors and herbs, are expected to gain popularity among consumers. Thus, the growing popularity of the exotic citrus flavors is augmenting the market growth. 

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Citrus Flavours Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 10,556.6 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 4.9% 2027 Value Projection: US$ 15,231.7 Mn
Geographies covered:
  • Regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Middle East & Africa (MEA)
Segments covered:
  • By Application: Beverages (Alcoholic beverages, Coffee and tea, Soft drinks, Nutritional beverages), Savoury (Snacks, Soups, Sauces), Confectionery (Sweets and candies, Cereals), Dairy
  • By Ingredients: Natural Ingredients (Orange, Lemon, Lime, Grapefruit), Artificial Ingredients (Orange, Lemon, Others)
Companies covered:

Kerry Group plc, Takasago International Corporation, Sensient Technologies Corporation, Symrise AG, Givaudan SA, Firmenich International SA, Frutarom Industries Ltd., Citromax Flavors, Inc., and International Flavors & Fragrances Inc.

Growth Drivers:
  • Growing awareness regarding the health benefits of consumption of natural citrus flavors among consumers
  • The availability of a wide range of citrus flavors around the globe
Restraints & Challenges:
  • Growing awareness regarding the adverse health effects of artificial flavors due to harmful chemical present in them
  • Growing preferences of consumers towards non-caloric beverages

Market Trends:

The growing popularity of citrus-based snacks especially among teenager is projected to foster the market growth of the citrus flavors. For instance, in April 2019, -Soylent Nutrition, Inc., the makers of Soylent Drinks and Powder, announced that it has launched a nutrition bar category with a new product: Soylent Squared. It is available in three different flavors this includes Salted Caramel, Chocolate Brownie, and Citrus Berry.

The increasing trend of consuming flavored based beverages around the globe due to westernization is expected to foster the market growth of the citrus flavors. For instance, in July 2020, PepsiCo has expanded its naked juice portfolio with range of citrus-infused smoothies in the UK. Naked Zing comprises three flavors – Strawberry, Tropical, and Mango – each with an added lime “twist”. The range has been developed in response to demand from consumers, who are seeking more from core smoothie ranges.

Figure 2. Global Citrus Flavors Market Share, By Ingredients, 2020

Citrus Flavors  | Coherent Market Insights

Key Takeaways of the Graph:

  • Among Natural flavours, the Orange flavour held dominant position in the market and accounted for 34.5% share in the global citrus flavors market in 2020. The segment is expected to reach US$ 3926.7 million in 2028. Citrus flavours are extracted from citrus fruits and they are widely used as a natural flavouring agent in food products. Manufacturers and food processors prefer this type of ingredients due to its advantages. Orange constitutes the highest share in natural citrus ingredients.
  • Among Artificial flavours, the Lemon flavour held dominant position in the market and accounted for 42.4% share in the global citrus flavors market in 2020. The segment is expected to reach US$ 1757.9 million in 2028.

Global Citrus Flavours Market: Restraints

Growing awareness regarding the adverse health effects of artificial flavor due to harmful chemical present in the flavor is hampering the demand for synthetically prepared natural citrus flavored food. For example, Turpentine—a chemical used in the production of artificial citrus flavors cause various health issues such as irritation of the skin and eyes.

The growing preferences of consumers towards non-caloric beverages is inhibiting market growth. Artificial sweeteners are widely used in the citrus flavor to enhance the taste of citrus drinks. This lowers the demand for citrus-flavored drinks to some extent thus hampering the market growth of citrus flavors.

Global Citrus Flavours Market: Competitive Landscape

Major players operating in the global citrus flavors market include, Kerry Group plc, Takasago International Corporation, Sensient Technologies Corporation, Symrise AG, Givaudan SA, Firmenich International SA, Frutarom Industries Ltd., Citromax Flavors, Inc., and International Flavors & Fragrances Inc.

Citrus flavors possess international appeal, drawing crisp, fresh taste to many different beverages, snacks and other confections, and not necessarily on a seasonally basis. Citrus flavors were initially developed for use in tropical beverages and citrus fruits themselves, such as tangerines. This led to flavonoids that provide a citrus aroma with a distinctive odor. Citrus flavors, including orange, grapefruit, tangerine, passion fruit and lemon have spread all over the world.

Market Dynamics:

Increasing investment in R&D is expected to propel growth of the global citrus flavors market over the forecast period. For instance, in June 2021, Symrise AG started its state-of-the-art development, application, and sensory laboratories in Dubai to decode, design, and deliver winning taste solutions for leading food and beverages brands.

Major players in the global citrus flavors market are focused on adopting M&A strategies to enhance their market share. For instance, in September 2021, Kerry Group plc acquired Hare Topco, Inc. (trading as Niacet Corp.), a provider of technologies for preservation.

Key features of the study:

  • This report provides in-depth analysis of the global citrus flavors market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global citrus flavors market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Kerry Group plc, Takasago International Corporation, Sensient Technologies Corporation, Symrise AG, Givaudan SA, Firmenich International SA, Frutarom Industries Ltd., Citromax Flavors, Inc., and International Flavors & Fragrances Inc.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global citrus flavors market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global citrus flavors market

Detailed Segmentation:

  •  Global Citrus Flavours Market, By Ingredients:
    • Natural Ingredients
      • Orange
      • Lemon
      • Lime
      • Grapefruit
    • Artificial Ingredients
      • Orange
      • Lemon
      • Others
  • Global Citrus Flavours Market, By Application:
    • Beverages
      • Alcoholic beverages
      • Coffee and tea
      • Soft drinks
      • Nutritional beverages
    • Savoury
      • Snacks
      • Soups
      • Sauces
    • Confectionery
      • Sweets and candies
      • Cereals
    • Dairy
  • Global Citrus Flavours Market, By Region:
    • North America
      • By Ingredients
        • Natural Ingredients
          • Orange
          • Lemon
          • Lime
          • Grapefruit
        • Artificial Ingredients
          • Orange
          • Lemon
          • Others
      • By Application
        • Beverages
          • Alcoholic beverages
          • Coffee and tea
          • Soft drinks
          • Nutritional beverages
        • Savoury
          • Snacks
          • Soups
          • Sauces
        • Confectionery
          • Sweets and candies
          • Cereals
        • Dairy
      • By Country
        • Canada
        • U.S.
    • Europe
      • By Ingredients
        • Natural Ingredients
          • Orange
          • Lemon
          • Lime
          • Grapefruit
        • Artificial Ingredients
          • Orange
          • Lemon
          • Others
      • By Application
        • Beverages
          • Alcoholic beverages
          • Coffee and tea
          • Soft drinks
          • Nutritional beverages
        • Savoury
          • Snacks
          • Soups
          • Sauces
        • Confectionery
          • Sweets and candies
          • Cereals
        • Dairy
      • By Country
        • U.K.
        • France
        • Germany
        • Rest of Europe
    • Asia Pacific
      • By Ingredients
        • Natural Ingredients
          • Orange
          • Lemon
          • Lime
          • Grapefruit
        • Artificial Ingredients
          • Orange
          • Lemon
          • Others
      • By Application
        • Beverages
          • Alcoholic beverages
          • Coffee and tea
          • Soft drinks
          • Nutritional beverages
        • Savoury
          • Snacks
          • Soups
          • Sauces
        • Confectionery
          • Sweets and candies
          • Cereals
        • Dairy
      • By Country
        • China
        • India
        • ASEAN
        • Australia
        • Rest of Asia Pacific
    • Latin America
      • By Ingredients
        • Natural Ingredients
          • Orange
          • Lemon
          • Lime
          • Grapefruit
        • Artificial Ingredients
          • Orange
          • Lemon
          • Others
      • By Application
        • Beverages
          • Alcoholic beverages
          • Coffee and tea
          • Soft drinks
          • Nutritional beverages
        • Savoury
          • Snacks
          • Soups
          • Sauces
        • Confectionery
          • Sweets and candies
          • Cereals
        • Dairy
      • By Country
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • By Ingredients
        • Natural Ingredients
          • Orange
          • Lemon
          • Lime
          • Grapefruit
        • Artificial Ingredients
          • Orange
          • Lemon
          • Others
      • By Application
        • Beverages
          • Alcoholic beverages
          • Coffee and tea
          • Soft drinks
          • Nutritional beverages
        • Savoury
          • Snacks
          • Soups
          • Sauces
        • Confectionery
          • Sweets and candies
          • Cereals
        • Dairy
      • By Region
        • Middle East
        • Africa
  • Company Profiles
    • Kerry Group Plc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Takasago International Corporation
    • Sensient Technologies Corporation
    • Symrise AG
    • Givaudan SA
    • Firmenich International SA
    • Frutarom Industries Ltd.
    • Citromax Flavors, Inc.
    • International Flavors & Fragrances Inc.

 “*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, Ingredients
      • Market Snippet, Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • PEST Analysis
      • PORTER’s Five Forces Analysis
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Mergers and Acquisitions
  4. Global Citrus Flavours Market - Impact of Coronavirus (Covid-19) Pandemic
    • Overview
    • Factors Affecting Global Citrus Flavours Market – COVID-19
    • Impact Analysis
  5. Global Citrus Flavours Market, By Ingredients, 2017- 2028 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020, 2022 and 2028 (%)
      • Y-o-Y Growth Analysis, 2021 - 2028
      • Segment Trends
    • Natural Ingredients
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)
      • By Sub-segment
        • Orange
        • Lemon
        • Lime
        • Grapefruit
    • Artificial Ingredients
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)
      • By Sub-segment
        • Orange
        • Lemon
        • Others
  6. Global Citrus Flavours Market, By Application, 2017- 2028 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2020, 2022 and 2028 (%)
      • Y-o-Y Growth Analysis, 2021 - 2028
      • Segment Trends
    • Beverages
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)
      • By Sub-segment
        • Alcoholic beverages
        • Coffee and tea
        • Soft drinks
        • Nutritional beverages
    • Savoury
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)
      • By Sub-segment
        • Snacks
        • Soups
        • Sauces
    • Confectionery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)
      • By Sub-segment
        • Sweets and candies
        • Cereals
    • Dairy
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2021 - 2028, (US$ Mn)
  7. Global Citrus Flavours Market, By Region, 2017- 2028 (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2020, 2022 and 2028 (%)
      • Y-o-Y Growth Analysis, For Region, 2021 - 2028
    • North America
      • Market Share Analysis, By Country, 2020, 2022 and 2028 (%)
      • Y-o-Y Growth Analysis, By Country, 2021 – 2028
      • Market Share Analysis, By Ingredients, 2020, 2022 and 2028 (%)
      • Market Share Analysis, By Application, 2020, 2022 and 2028 (%)
      • By Country
        • U.S.
        • Canada
    • Latin America
      • Market Share Analysis, By Country, 2020, 2022 and 2028 (%)
      • Y-o-Y Growth Analysis, By Country, 2021 – 2028
      • Market Share Analysis, By Ingredients, 2020, 2022 and 2028 (%)
      • Market Share Analysis, By Application, 2020, 2022 and 2028 (%)
      • By Country
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Europe
      • Market Share Analysis, By Country, 2020, 2022 and 2028 (%)
      • Y-o-Y Growth Analysis, By Country, 2021 – 2028
      • Market Share Analysis, By Ingredients, 2020, 2022 and 2028 (%)
      • Market Share Analysis, By Application, 2020, 2022 and 2028 (%)
      • By Country
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Share Analysis, By Country, 2020, 2022 and 2028 (%)
      • Y-o-Y Growth Analysis, By Country, 2021 – 2028
      • Market Share Analysis, By Ingredients, 2020, 2022 and 2028 (%)
      • Market Share Analysis, By Application, 2020, 2022 and 2028 (%)
      • By Country
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Middle East & Africa
      • Market Share Analysis, By Sub-Region, 2020, 2022 and 2028 (%)
      • Y-o-Y Growth Analysis, By Sub-Region, 2021 – 2028
      • Market Share Analysis, By Ingredients, 2020, 2022 and 2028 (%)
      • Market Share Analysis, By Application, 2020, 2022 and 2028 (%)
      • By Region
        • Middle East
        • Africa
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Kerry Group Plc.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Takasago International Corporation
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Sensient Technologies Corporation
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Symrise AG
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Givaudan SA
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Firmenich International SA
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Frutarom Industries Ltd.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • Citromax Flavors, Inc.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
      • International Flavors & Fragrances Inc.
        • Company Overview
        • Component Portfolio
        • Financial Performance
        • Recent Developments/Updates
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

* Browse 50 market data tables* and 45 figures* on "Citrus Flavours Market” - Global forecast to 2028.

FAQgrowicon

Frequently Asked Questions

Global citrus flavors market size is estimated to be valued at US$ 10,556.6 Million in 2021 and is expected to exhibit a CAGR of 4.9% between 2021 and 2028.
Growing awareness regarding the health benefits of consumption of natural citrus flavors among consumers and the availability of a wide range of citrus flavors around the globe are the factors fuelling growth of market.
The Natural flavours in ingredients segment is the leading component segment in the market.
Growing awareness regarding the adverse health effects of artificial flavors due to harmful chemical present in them and growing preferences of consumers towards non-caloric beverages are factors hindering growth of the market.
Major players operating in the market include, Kerry Group plc, Takasago International Corporation, Sensient Technologies Corporation, Symrise AG, Givaudan SA, Firmenich International SA, Frutarom Industries Ltd., Citromax Flavors, Inc., and International Flavors & Fragrances Inc.
North America region is expected to hold dominant position in the market over the forecast period. The growth of the market in the region is driven by high preference for citrus flavour products and increasing popularity of citrus aromatherapy.
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