Bergamot Extract Market

Bergamot Extract Market Overview (2022 to 2032)

Global bergamot extract demand is projected to be valued at USD 99.97 Million in 2022, forecast to grow at a CAGR of 4.14% to be valued at USD 150 Million from 2022 to 2032. Growth is attributed to the rising demand for renovation projects and development in residential and commercial construction.

Report Attribute	Details
Estimated Base Year Value (2021)	USD 96 Million
Expected Market Value (2022)	USD 99.97 Million
Anticipated Forecast Value (2032)	USD 150 Million
Projected Growth Rate (2022 to 2032)	4.14% CAGR

Bergamot extract is obtained from a rare citrus fruit, Citrus Bergamot, which is predominantly produced in Southern Italy. Bergamot extract is rich in free radical scavengers such as flavonoids. Bergamot extract contains around five unique antioxidant polyphenolic compounds that provide various health benefits.

Bergamot extract helps to maintain normal cholesterol levels and aids blood glucose metabolism. Bergamot extract has antimicrobial properties and therefore has applications in the pharmaceutical industry. It has a subtle and fresh flavor and is therefore used as a flavoring ingredient in baked products, ice creams, etc. It also has applications in industries such as dietary supplements, beverages, nutraceuticals, cosmetics, etc.

Which are Some Prominent Drivers Spearheading Bergamot Extract Market Growth?

The increase in health and fitness trends amongst consumers may serve as one of the drivers for the increase in the market of bergamot extract. The demand for dietary supplements is increasing at a very rapid rate. More than 70% of American adults take at least one type of dietary supplement. Also, consumers prefer the use of plant-based products as there might be some side effects due to the use of animal-based products, and therefore bergamot extract can be used by the manufacturers of the dietary supplement industry to develop plant-based supplements.

Statins are the drugs that are used to maintain cholesterol levels but statin is not suitable for all consumers as some might have side effects and develop statin intolerance. Bergamot extract has a statin-like mode of action which helps to regulate cholesterol levels and therefore can be used by the pharmaceutical industry to develop new drugs that can be used by consumers that have developed statin intolerance. Therefore, the use of bergamot extract to develop pharmaceutical drugs might help increase its demand.

What are the Challenges Faced by the Bergamot Extract Industry?

The presence of similar products might serve as a major restraint for the bergamot extract market. There are many companies that are keeping track of the current market trends and are trying to develop plant-based products that have high nutritive value therefore the high competition in the market can affect the growth of the bergamot extract market.

Why is Asia-Pacific Emerging as an Opportunistic Bergamot Extract Market?

The application of herbal medicinal products and supplements has increased immensely in the past two to three decades with the acceptance of bergamot extracts for some parts of primary healthcare in the region, as per the report of the national library of Medicine.

Bergamot extract is highly touted for its soothing use as an aromatherapy treatment, and in the treatment of acne & skin infections owing to its antibacterial and anti-inflammatory properties.

Why does North America Hold a Significant Share in the Bergamot Extract Market?

The espousal of herbal medicines has increased owing to the belief that it promotes healthy living in the countries like USA & Canada. The Bergamot-based oil and body lotions are gaining huge traction owing to their countless health benefits.

Bergamot extract-based medicines are used in treating high cholesterol and stress reduction. Bergamot oil is used in the cosmetic industry as a perfume fixative, and its long-lasting cologne has led to its extensive adoption in luxury shampoos across the region.

Market Competition

Some of the key participants present in the global demand for Bergamot Extract market include H&AD s.r.l., Jarrow Formulas, BergaMet NA, HP Ingredients, Citroglobe, Nutraceuticals International Group, etc., among others., among others.

• Healthy Extracts Inc., a prominent manufacturer of clinically proven plant-based products for heart and brain health, has launched two new high-potency natural formulations, Organic Citrus Bergamot for Women and Organic Citrus Bergamot. These products are available on e-commerce websites and in selected supermarkets.

Report Scope

Report Attribute	Details
Growth Rate	CAGR of 4.12% from 2022 to 2032
Base Year for Estimation	2021
Historical Data	2016 to 2021
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Million, Volume in Kilotons, and CAGR from 2022 to 2032
Report Coverage	Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis
Segments Covered	Nature, End Use, Region
Regions Covered	North America; Latin America; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Japan; Middle East and Africa
Key Countries Profiled	USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Russia, Poland, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa
Key Companies Profiled	H&AD s.r.l.; Jarrow Formulas; BergaMet N.A; HP Ingredients; Citroglobe; Nutraceuticals International Group
Customization	Available Upon Request

Key Segments Profiled in the Bergamot Extract Industry Survey

By Nature:

• Organic Bergamot Extract
• Conventional Bergamot Extract

By End Use:

• Food and Beverage
• Perfumery
• Nutraceuticals
• Dietary Supplements
• Other End Uses (e.g. Pharmaceutical, etc.)

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific Excluding Japan
• Japan
• Middle East and Africa

Frequently Asked Questions

What is the anticipated growth of the bergamot extract market until 2032?

FMI projects the global demand of the Bergamot Extract market to expand at a 4.14% value CAGR by 2032

Which region is forecast to be the most lucrative for bergamot extract market growth?

North America is expected to be the most opportunistic Bergamot Extract market

Which are some prominent bergamot extract manufacturers?

H&AD s.r.l., Jarrow Formulas, BergaMet NA, HP Ingredients, Citroglobe, and Nutraceuticals International Group are some key bergamot extract manufacturers