Citrus powder is majorly used as a flavoring agent for the food and beverage industry and has a tart natural flavor alongside high Vitamin C content. The citrus powder incorporates lime, lemon, orange, grapefruit, mandarin, and bergamot. Among these, the orange citrus powder is all the more broadly consumed in the food and beverage industry. Moreover, increasing demand for citrus powder in confectionery, bakery, and beverages as a flavoring agent is anticipated to boost market growth over the forecast period.
MARKET SCOPE
The "Global Citrus Powder Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the citrus powder market with detailed market segmentation by source, category, application, and geography. The report provides key statistics on the market status of the leading citrus powder market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on source, the global citrus powder market is segmented into lime, lemon, orange, others.
- Based on category, the global citrus powder market is segmented into organic and conventional.
- Based on application, the global citrus powder market is segmented into food & beverages, personal care, and pharmaceuticals & nutraceuticals.
MARKET DYNAMICS
Drivers:
- Increasing consumer demand for health-benefiting and natural ingredients in various consumable products.
- Antioxidant and pectin properties are increasing demand for citrus powder in the cosmetic & personal industry.
Restraints:
- The seasonal accessibility and inconsistent prices for citrus fruits along with citrus related diseases.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The citrus powder market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the citrus powder market in these regions.
IMPACT OF COVID-19 ON CITRUS POWDER MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The food and beverages industry are one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the citrus powder market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from citrus powder market are anticipated to witness lucrative growth opportunities in the future with the rising demand for citrus powder in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the citrus powder market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Allen Flavors Inc.
- Cham Foods
- Givaudan SA
- LemonConcentrate S.L.
- Momar, Inc.
- MOUNTAIN ROSE HERBS
- Nans Products
- Paradiesfrucht Gmbh
- Van Drunen Farms
- Vita-Pakt Citrus Products
- Bluegrass Dairy & Food, Inc
- Cifal Herbal Private Ltd
- VST Chemical Corp
- Nanjing NutriHerb BioTech Co.,Ltd
- Krishna Pectins
- Penta Manufacturing Company
- Sunspray Food Ingredients (Pty) Ltd
- Nutra Green Biotechnology Co.,Ltd
- Ideal Food Ingredients Ltd.
- Kanegrade Limited