Orange Extract Market - Forecast(2023 - 2028)

Orange Extract Market size is estimated to reach $932.4 million by 2027, growing at a CAGR of 5.4% during the forecast period 2022-2027. Orange Extracts are greatly concentrated flavors extracted from oranges onto an alcohol base. The dietary fiber of citrus fruit is of greater quality than alternative sources like cereals owing to citrus fiber having a greater soluble dietary fiber ratio and related bioactive compounds (flavonoids, polyphenols, carotenoids, and vitamin C) with antioxidant characteristics, which may offer added health-supporting impacts (Grigelmo-Miguel & Martin-Belloso, 1999b; Marín, Soler-Rivas, Benavente-García, Castillo, & Pérez-Alvarez, 2007). The citrus extract can be prepared from citrus fruits like lemon, orange, or lime resulting in lemon extract, orange extract, or lime extract respectively. Fanta is a brand of fruit-flavored carbonated soft drinks produced by The Coca-Cola Company. Presently, there are greater than 100 flavors internationally. However, Fanta Orange is the most favored flavor.

The heightened application of citrus extracts like orange extracts in the pharmaceuticals industry owing to orange extract being a rich source of vitamin C and its medicinal characteristics which make it the preferred choice for application as an appropriate solution for many health issues is set to drive the Orange Extract Market. The extensive utilization of orange extract in personal care products fueling the cosmetics industry is set to propel the growth of the Orange Extract Market during the forecast period 2022-2027. This represents the Orange Extract Industry Outlook.

Report Coverage

The report: “Orange Extract Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Orange Extract Market.

By Form: Powder, Liquid.
By Nature: Organic, Conventional.
By Application: Food And Beverages, Personal Care, Pharmaceuticals, Cosmetics
By Distribution Channel: Hypermarkets And Supermarkets, Business-To-Business, E-Commerce, Specialty Retail, Others.
By Geography: North America (U.S, Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, Rest of South America), and Rest Of The World (Middle East, Africa).

Key Takeaways

• Geographically, North America Orange Extract Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the surging application of citrus extracts like orange extracts in the food and beverage industry and the proliferating product demand in the pharmaceutical sector in the North American region.
• Orange Extract Market growth is being driven by the expanding population worldwide resulting in the heightened intake of food and beverage products including citrus extract leading to the emergence of the flavoring industry owing to the existence of different applications in the bakery, confectionery, dessert and beverage products. However, the side effects of orange intake like an increase in blood sugar and issues in the stomach are some of the major factors hampering the growth of the Orange Extract Market. 
• Orange Extract Market Detailed Analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Orange Extract Market report. 

Orange Extract Market Segment Analysis – By Form:

The Orange Extract Market based on the form can be further segmented into Powder and Liquid. The Liquid Segment held the largest market share in 2021. This growth is owing to the surging application of orange extracts in the liquid form in air-tight bottles in bakeries and beverages. Orange extract is a kind of citrus extract. The soaring application of liquid orange extracts with freshly squeezed orange is further propelling the growth of the Liquid segment.

Furthermore, the Powder segment is estimated to grow with the fastest CAGR of 6.6% during the forecast period 2022-2027 owing to the proliferating application of orange extracts in personal care products and cosmetic products for glowing skin, treating pimples and acne, eliminating scars and marks and unclogging skin pores with orange extract being a kind of citrus extract.

Orange Extract Market Segment Analysis – By Application

The Orange Extract Market based on the application can be further segmented into Food And Beverages, Personal Care, Pharmaceuticals, and Cosmetics. The Food And Beverages Segment held the largest market share in 2021. This growth is owing to the extensive application of orange extracts in different kinds of culinary preparations including bakery, desserts, and sauces. Orange-flavored carbonated soft drinks are favored. The soaring application of orange extracts in vegetable dishes inclusive of sweet potatoes, carrots, peas, broccoli, and green beans is further propelling the growth of this segment.

Furthermore, the Cosmetics segment is estimated to grow with the fastest CAGR of 6.8% during the forecast period 2022-2027 owing to the surging application of orange extracts, which are a form of citrus extract in different cosmetic products for acquiring glowing skin and unclogging skin pores.

Orange Extract Market Segment Analysis – By Geography:

The Orange Extract Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of the World. North America (Orange Extract Market) held the largest share with 35% of the overall market in 2021. The growth of this region is owing to the existence of countries like the U.S. which is the second-largest global orange producer constituting 10% of the world’s production, in the North American region. Carbonated soft drinks with orange flavor are immensely favored. The extensive application of orange extracts from sorbet to flavored sparkling water is further propelling the growth of the Orange Extract Market in the North American region.

Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like the existence of countries like China which is the third-largest orange producer in the Asia-Pacific region. Orange-flavored carbonated soft drinks are immensely recognized by consumers. The soaring application of orange extracts in food and beverages and for cosmetic purposes is further fuelling the progress of the Orange Extract Market in the Asia-Pacific region.

Orange Extract Market - Drivers

Surging Investigations On Dietary Fiber From Orange Byproducts Are Projected To Drive The Growth Of Orange Extract Market:

Brazil is the largest global orange juice manufacturer. However, the waste that develops from this procedure is a severe environmental issue. The purpose of this investigation was to typify fibers from these byproducts and to investigate their use as a fat replacer in ice cream. Two distinct samples of orange fiber were evaluated: F1 (peel, pulp, and seeds) and F2 (peel). Both samples demonstrated soaring levels of total dietary fiber and a perfect ratio between soluble and insoluble fiber. The fibers displayed high water and oil retention volume and a high content of phenolic compounds and carotenoids. The application of orange fiber as a fat replacer in ice cream resulted in a 70% decrease in fat without bringing about considerable alterations in products attributes like color, odor, and texture. Orange fiber confirmed to be a promising substitute as a fat replacer in ice cream production. These kinds of surging investigations on dietary fiber from orange byproducts are therefore fueling the growth of the Orange Extract Market during the forecast period 2022-2027.

Soaring Culinary Applications Of Orange Extracts Are Expected To Boost The Demand For Orange Extract:

Orange extracts are greatly concentrated flavors derived from oranges onto an alcohol base. The industry's minimal standard is 33% alcohol for all extracts, which is burned off in the cooking or baking procedure, leaving a rich flavor. The soaring alcohol content makes pure extracts greatly shelf-stable. A closed air-tight bottle of orange extract will stay good for numerous years. Orange extracts are an effortless technique to include robust flavors in baking, sauces, ice cream, and beverages. Pure orange extracts not including any gluten or added sugar need to be picked. Orange extracts find application in baking, desserts, and sauces and are a welcome inclusion in cocoa and tea. They are used to flavor marinades, compound butter, chutney, syrup, and chocolate sauce. Carbonated soft drinks in the orange flavor are greatly favored. The soaring culinary applications of orange extracts are therefore driving the growth of the Orange Extract Market during the forecast period 2022-2027.

Orange Extract Market – Challenges

Increasing Predominance Of Obesity Is Hampering The Growth Of The Orange Extract Market:

As per World Health Organization (WHO), worldwide obesity has almost tripled since 1975 and 39 million children under the age of 5 were overweight or obese in 2020. Further WHO updates indicate that obesity is avertable. Presently, there is an expanding consciousness among consumers to choose healthy diet options to prevent the occurrence of obesity. Orange intake can boost weight, Oranges are a rich source of vitamin C. Vitamin C is necessary for keeping up the healthy metabolism of the body. However, excess vitamin C can ruin the metabolism, resulting in accelerated weight gain. Consuming more oranges can elevate the number of carbohydrates and dietary fiber in the body. These issues are thus hampering the growth of the Orange Extract Market.

Orange Extract Industry Outlook:

Novel product launches, mergers and acquisitions, agreements, partnerships, collaborations, joint ventures, R&D, and regional expansion are key strategies adopted by players in the Orange Extract Market. Key companies in this market are:

1. Dohler GmbH 
2. RC Fine Foods Inc., 
3. McCormick & Company, Inc. 
4. Nielson Massey Vanillas, Inc. 
5. Kerry Group Plc 
6. Cook Flavoring Comoany 
7. Southern Flavoring Company, Inc. 
8. Spice Jungle, LCC 
9. LorAnn Oils
10. Nature's Sunshine Products, Inc.

Recent Developments

• As reported in December 2021, Glanbia-owned Optimum Nutrition presented a novel orange-flavored energy drink for its Amino Energy + Electrolytes Sparkling Hydration portfolio. The Amino Energy Sparkling Orange Blast integrates 100mg of caffeine developed from organic sources, like green tea and green coffee bean extract. The ready-to-drink beverage includes 5mg of amino acids and electrolytes to assist energy, focus hydration, and recovery.
• As reported in September 2020, Kerry Group plc has introduced an extract technology that allows innovators to plan with the flavor essences of citrus fruits, termed natural extracts. The technology is planned to offer an expanded, more full-bodied finish to flavored NPD. Branded as New! Citrus Extract, the solution was established utilizing Kerry’s non-thermal liquid/liquid extraction procedure that brings greatly concentrated extracts with “greatly reduced” levels of terpenes and sesquiterpenes.
• As reported in May 2020, GNT Group introduced two novel Exberry Coloring Foods that distribute bright orange shades in powder and oil-dispersible formats. Prepared from paprika and carrot, the novel Brilliant Orange products offer solutions for a series of uses, inclusive of bakery icing. The novel colors also arrive in a liquid format that permits formulators a more extensive series of uses.

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