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orange extract industry has been segmented, on the basis of category, into organic and conventional


iCrowdNewswire   Jan 11, 2021  10:18 AM ET

Market Insight

Orange extract is derived from various types such as blood orange, bitter orange, and mandarin orange. Orange extract is made from the oil in the orange rind, water, and alcohol. The extract offers a stronger orange taste than juice, and gives a fresh, clean, fruity, citrus taste. Extraction can be carried out through several conventional methods such as steam distillation and solvent extraction. Novel methods such as supercritical fluid extraction and turbo distillation are also used for orange extraction. Conventional methods offer the benefit of simplicity and cost-effectiveness, although the yield is low as compared to the new methods.

The global Orange Extract Market has been segmented based on form, category, application, and region.

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Based on form, the Global Orange Extract Market has been segmented into powder and liquid. The liquid segment is expected to dominate the global orange extract market during the forecast period. Orange extract is obtained from both the peel as well as pulp of oranges. The powder form is generally obtained from orange peels and is gaining traction owing its application in the production of bath scrubs, face masks, hair products, air fresheners, lip balms, and mosquito repellant, among others.

Key Players

Some of the key players in the Global Orange Extract Market are Nutrizo Advancis Health Care (India), Cook Flavoring Company (US), Southern Flavoring Company, Inc. (US), Nature’s Sunshine Products, Inc. (Canada), Kerry Group Plc. (Ireland), Döhler GmbH (Germany), RC Fine Foods, Inc. (US), McCormick & Company, Inc. (US), Nielsen-Massey Vanillas, Inc. (US) and Spice Jungle, LCC (US).

Regional Analysis

The global Orange Extract Market has been segmented, by region, into North America, Europe, Asia-Pacific, and the rest of the world.

The orange extract market in Asia-Pacific is projected to dominate during the forecast period. It is also expected to grow at the fastest rate from 2018 to 2023. Orange extract is increasingly being used in several industries to process a variety of products ranging from snacks to anti-aging creams.

Segment

The Global Orange Extract Market has been divided, by category, into organic and conventional. The conventional segment is expected to dominate the global orange extract market during the forecast period. Oranges are widely grown in the conventional form due to the ease in bulk farming and the high profit margins. Moreover, easy availability of conventionally grown citrus fruits and their reasonable price are driving the demand for conventional orange extract. However, growing health concerns caused by the harmful chemicals used in the cultivation of oranges is fuelling the growth of the organic segment. The segment is expected to register the higher CAGR during the assessment period since health-conscious consumers prefer organic products including extracts.

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