29-Jul-2019 | Zion Market Research
Zion Market Research has published a new report titled “Orange Extract Market by Form (Powder and Liquid), By Nature (Organic and Conventional), By Application (Food & Beverages, Personal Care, Pharmaceuticals, and Cosmetics), and by Distribution Channel (Hypermarkets/Supermarkets, Business-To-Business, E-Commerce, Specialty Retail, and Other Retail Formats): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026”. According to the report, the global orange extract market accounted for USD 540 million in 2018 and is expected to reach around USD 824 million by 2026, at a CAGR of 5.4% between 2019 and 2026.
Orange extract is prepared from orange peel oil along with a sufficient amount of alcohol. It acts as a flavoring agent and is obtained by processing orange peels. These extracts are widely used in food and beverages, cosmetics, and personal care industries. The global orange extract market is expected to show significant growth over the forecast time period, owing to the growing product applications in the food and beverage industry. Moreover, the increasing health-conscious population has led to a rise in the demand for natural fruit-flavored drinks. However, the production of orange extracts is a labor-intensive process and also requires a substantial amount of raw materials, which may limit the orange extract market globally.
Browse the full “Orange Extract Market by Form (Powder and Liquid), By Nature (Organic and Conventional), By Application (Food & Beverages, Personal Care, Pharmaceuticals, and Cosmetics), and by Distribution Channel (Hypermarkets/Supermarkets, Business-To-Business, E-Commerce, Specialty Retail, and Other Retail Formats): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2026” Report at https://www.zionmarketresearch.com/report/orange-extract-market
The global orange extract market is fragmented based on form, nature, application, and distribution channel. By form, the orange extract market includes powder and liquid. The powder segment is expected to show significant growth in the future, owing to its high demand in developing economies. The manufacturers in these countries are supplying powdered orange extracts to ensure quality food extracts and healthier food additives. Additionally, the liquid orange extracts dominate the market currently and held a share of about USD 450 million in 2018. This can be due to its relatively easier application and availability.
Based on nature, the global orange extract market is classified into organic and conventional. Conventional orange extracts are likely to dominate the market, owing to their easy preparation process and cost-friendliness. It helps in meeting the growing global demand for the preparation for mocktails, orangeades, and bakery products. Organic orange extracts, on the other hand, have grown significantly in recent years, due to increasing global health awareness as consumers prefer more natural and chemical-free products.
On the basis of application, the orange extract market includes food and beverages, pharmaceuticals, cosmetics, and personal care. The cosmetic segment is likely to grow significantly, owing to orange extracts wide usage due to the high nutritional properties. Orange extracts help in anti-wrinkle treatments, skin nourishment, and anti-acne treatments. Owing to its rich flavor and aroma, orange extracts have several product applications, such as candies, chocolates, drinks, and mocktails, in the food and beverage industry as well.
The distribution channel segment comprises business-to-business, hypermarkets/supermarkets, specialty retail, e-commerce, and other retail formats. The growing retail sector in developing economies has helped the orange extract market to witness substantial growth, as retail stores sell varied forms of orange extracts.
The North American region currently holds a significant share of the global orange extract market, due to the growing utilization of orange extracts in the food and beverage industry and rising product demand in the pharmaceutical sector. The Asia Pacific region is expected to show maximum growth over the forecast time period, owing to the growing orange extract demand in developing economies and an increasing number of regional food processing companies.
Some key players operating in the orange extract market are Southern Flavoring Company, LorAnn Oils, McCormick & Company, Nielsen-Massey Vanillas, Döhler, and Cook Flavoring.
This report segments the global orange extract market into:
Global Orange Extract Market: Form Analysis
Global Orange Extract Market: Nature Analysis
Global Orange Extract Market: Application Analysis
Global Orange Extract Market: Distribution Channel Analysis
Global Orange Extract Market: Regional Analysis
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