Citrus Flavors Market: Overview
The citrus flavor is obtained from lime, grapefruit, tangerine, and lemon. It is used for adding flavor to several types of beverages and foods. Consumers are benefited with various health advantages by consuming citrus flavor, for instance reduced the occurrence of different metabolic diseases, which include obesity and diabetes and increases the level of antioxidants in the body.
Citrus Flavors Market: Facts
In the top flavor choice for the beverages, the citrus flavor ranks the top position. Based on the Mintel’s Global New Product Database that has its origin in Chicago, the citrus flavor tops the position for the choice of the retail beverages across the world. In the top selling ready-to-drink tea flavors citrus yields an amazing profit margin.
Citrus Flavors Market: Segmentation
The global citrus flavors market is fragmented into its ingredients and application. On the basis of ingredients, the market is divided into natural ingredients and artificial ingredients. Natural ingredients include grapefruit, lemon, lime and orange and artificial ingredients include lemon, orange, and others. Based on application, the market is segregated into dairy, confectioneries, savory food and beverages. In the confectionery segment, citrus flavor is used in cereals, sweets, and candies; in the savory food segment, it is used in sauces, soups, and snacks and in the beverage segment, it is used nutritional drinks, soft drinks, tea, coffee and alcoholic beverages.
Citrus Flavors Market: Growth Factors
Rising in the health awareness among the consumers, the launch of optimally priced citrus flavors by the manufacturers, and the research and development activities that are carried out for the introduction of the new range of citrus flavors into the market are the factors that are fuelling the growth of the citrus flavors market. Enhanced stability of the newly developed citrus flavors and its application in a variety of segments such as confectionary, beverages, dairy, and others further fuel the market demand. However, the market growth may be adversely affected by the growing awareness among the consumers about the negative health effects caused owing to consumption of the artificial citrus flavors and the high price instability of natural citrus flavors.
Citrus Flavors Market: Regional Analysis
The largest share of the citrus flavors market is held by North America. Major growth is anticipated to be seen in countries such as the U.S. and Canada in this region. Following North America in its growth is the European countries such as Germany, the U.K., Poland, Russia, Spain, Italy, and France. The growth of the market in Latin America is expected to increase rapidly in the coming periods. A considerable market share will be contributed by the Asia Pacific and the Middle East and African regions.
Citrus Flavors Market: Competitive Players
Some of the prominent companies in the global citrus flavors market include Takasago International Corporation, Kerry Group Plc., Symrise AG, Sensient Technologies Corporation, Firmenich International SA, Givaudan SA, Citromax Flavors Inc., Frutarom Industries Ltd., and International Flavors & Fragrances Inc.
Citrus Flavors Market: Regional Segment Analysis
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