According to this latest study, the growth in The
Orange Extract Market size is projected to reach USD 823 Million by 2027 from
an estimated USD 583 Million in 2020, growing at a CAGR of 5.05% globally.
Orange extract is a highly concentrated fruit flavor that has a
significant amount of alcohol content, resulting in the improved shelf life of
orange extract, and makes it an enchanting choice in the flavoring sector. This
supports in demanding the growth of orange extract in the market. Moreover, the
orange extract has a strong aroma and is utilized to add a refreshing citrus
flavor to mousses, candies, and chocolates, as well as salty dishes such as
fish, rice, and chicken. The rising size of the food and beverage industry,
backed by the diverse applications of orange extract aids in enhancing the demand
for orange extract in the global market. Besides, from the food industry, the
orange extract also finds its application in the cosmetics industry. The
nutritional properties of orange extract support the sustenance of our skin,
making it suitable to be used for anti-wrinkle treatment, clearer skin, and
anti-acne treatment. The growth in spending on personal care products results
in a higher demand for orange extract in the market. Rising health awareness in
consumers is leading them to use more natural-based products, rather than
products that have synthetic ingredients, which is expected to grow the demand
for orange extract during the projected period.
The
increasing size of the food and beverage industry, backed by the diverse
applications of orange extract aids in boosting the demand for orange extract
in the global market. Apart from the food industry, orange extract also finds
its application in the cosmetics industry. The nutritional properties of orange
extract help in the nourishment of our skin, making it suitable to be used for
clearer skin, anti-wrinkle treatment, and anti-acne treatment. The rise in
spending on personal care products results in the higher demand for orange
extract in the market. Increasing health consciousness in consumers is leading
them to use more natural-based products, rather than products that have
synthetic ingredients, which is anticipated to boost the demand for orange
extract over the forecast period. Owing to the medicinal properties of orange
extract, it is highly preferred in sedatives, and antiseptic, antispasmodic,
anti-depressant, and anti-inflammatory products, which is again a growth driver
for the orange extract market. The abundance in the production of oranges is a
major reason for the low cost and easy availability of orange extracts, which
is expected to result in a hike in the demand for orange extract in the market
over the forecast period.
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Leading Key Players Covered in Orange Extract market:
·
Döhler GmbH
·
RC Fine Foods
Inc.
·
McCormick &
Company Inc.
·
Jacksonville
Mercantile
·
OliveNation
·
ADM
·
Nielsen-Massey
Vanillas Inc.
·
DONGYU USI
·
Xian Yuensun
Biological Technology Co.Ltd
·
Shaanxi Guanjie
Bio-technology Co. Ltd.
·
Amoretti
These
companies are devising key strategies such as acquisitions, merges,
collaborations, partnerships, new product launches, regional expansions, and
targeting untapped markets to gain competitive advantage over other players
working in the market.
Introspective Market Research offers a comprehensive overview of the market
through the analysis of key parameters such as revenue, price, competition, and
promotions, as well as the study, synthesis, and summarization of data from
different sources. It analyzes the leading industry drivers and shows numerous
market components. The information offered is thorough, dependable, and the
result of a comprehensive primary and secondary study. Introspective Market
Research reports offer a comprehensive global market as well as an in-depth strategic
sourcing methodology and analysis based on qualitative and quantitative
research to anticipate market growth.
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Extract Market Report, Visit:
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Segmentation of Orange Extract market:
By
Type :
·
Powder
·
Liquid
By Applications:
·
Food and
Beverages Bakery Desserts Confectionery Soft Beverages Others (Bakery
·
Desserts
·
Confectionery
·
Soft Beverages
Geographic Segment Covered in the
Report
North
America (U.S., Canada, Mexico)
Europe
(Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific
(China, India, Japan, Southeast Asia, Rest of APAC)
Middle
East & Africa (GCC Countries, South Africa, Rest of MEA)
South
America (Brazil, Argentina, Rest of South America)
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Reasons to Purchase this Market
Report:
Market
forecast analysis through recent trends and SWOT analysis
Orange
Extract Market Dynamics Scenarios with Market Growth Opportunities over the
Next Year
Market
segmentation analysis, including qualitative and quantitative studies that
include economic and non-economic impacts
Orange
Extract Market Regional and country-level analysis that integrates demand and
supply forces that impact the growth of the market.
Competitive
environment related to the Orange Extract market shares for key players, along
with new projects and strategies that players have adopted over the past five
years
Key Benefits for Industry
Participants & Stakeholders:
Industry
drivers, restraints, and opportunities covered in the study
Neutral
perspective on the market performance
Recent
industry trends and developments
Competitive
landscape & strategies of key players
Potential
& niche segments and regions exhibiting promising growth covered
Historical,
current, and projected market size, in terms of value
In-depth
analysis of the Orange Extract Market
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