The global citrus aurantium extract market size is estimated to be USD 3.9 billion in 2024. By 2034, the industry size is predicted to cross USD 5.7 billion, developing at a CAGR of 3.8% throughout the assessment period.
With people paying more attention to their appearances than ever before, the weight loss sector has emerged as a significant marketplace. Dietary supplements, canned products, cereals, and more are touted to help in weight reduction, earning consumers throughout the globe. This is going to positively influence product sales.
The use of citrus aurantium extract, also known as bitter orange, in weight loss-aiding food and supplements is seeing the market’s aspirations increase. Bitter orange is also increasingly becoming a part of bodybuilding supplements.
Another way bitter orange is claimed to fight weight loss is through appetite suppressants. Bitter orange is renowned for affecting the appetite of consumers. Thus, its use in appetite suppressants is inciting the citrus aurantium extract market’s progress.
Adoption of bitter orange extract in health supplements is also increasing due to the clamor for organic ingredients. A significant portion of fitness enthusiasts prefer organically made supplements, and thus, the product is favored by both consumers and manufacturers.
The essential oil sector is booming. As more people turn to alternative therapies to address both physical and mental disorders, essential oil sales are touching the skies. It is estimated that by 2034, the aromatherapy industry is bound to be worth more than USD 13 billion. Bitter orange is a prime ingredient in numerous essential oils. Thus, the industry tags along with the growth of the essential oil sector.
The science behind essential oils is renowned to be shoddy. Scientifically-minded people and medical professionals dismiss aromatherapy, and thus, the scope of the alternative treatment type is limited. In turn, the citrus aurantium extract market is also negatively impacted. The ability of bitter oranges to cause heart problems, too, gets in the way of progress.
Attributes | Details |
---|---|
Estimated Global Citrus Aurantium Extract Market Size (2024E) | USD 3.9 billion |
Projected Global Citrus Aurantium Extract Market Value (2034F) | USD 5.7 billion |
Value-based CAGR (2024 to 2034) | 3.8% |
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Technological Advancements in the Extraction and Formulation of Citrus Aurantium Extract
Typical of extract products, manufacturers in the citrus aurantium extract industry, too, are looking to streamline the process of extraction. One way through which producers are achieving this effect is through technological innovation.
Alongside conventional separation and purification techniques, innovative technology is being used to refine the process. Ultrasonic-assisted extraction is one way through which the process is getting swifter. Thus, the industry’s fortunes are set to be affected positively by innovation in production.
Energy-boosting Quality of Bitter Orange a Mixed Bag
Bitter orange is famous for its ability to boost energy and improve athletic performance. This is helping it penetrate further among the younger generation. With gym and fitness culture becoming more notable by the day, the application of citrus aurantium extract is increasing significantly.
There is, however, also a downside. Citrus aurantium’s ability to improve athletic performance has also seen the ingredient hit with bans from various sports organizations. The United States National Collegiate Athletic Association (NCAA) is one such sports organization. This cuts bitter orange from one of its most important consumer bases, athletes, which is a bitter pill to swallow for industry players.
Doubts about Effect of Bitter Orange on Reducing Weight Limiting Growth
Citrus aurantium extract is part of many weight-loss products. However, the science behind its use for that product is unfounded. Although many consumers have embraced the ingredient, its use in weight loss applications is looked down upon by the scientific community.
Scientific disapproval also leads to suppliers and manufacturers having to be careful with labeling. Industry players are advised to be careful while advertising the product and its benefits, lest they run afoul of regulatory authorities. This negatively impacts growth of the citrus aurantium extract market.
The global citrus aurantium extract market size was tipped to be USD 3 billion in 2019. Advancing at a CAGR of 5.4% throughout the forecast period, the industry size reached USD 3.7 billion in 2023.
As the pandemic raged on, a multitude of patients sought alternative therapies for various ailments. Essential oils proved to be a popular alternative form of treatment. As a result, the application of bitter orange extract in the essential oil field surged.
With many consumers also stuck at home, ways to boost energy were sought. This was another avenue through which the target industry advanced.
The market, however, is predicted to advance at a slower pace in the forecast period as compared to the historical period. Scientific skepticism among the global population is set to see two fields where the extract is prominently used- essential oils and weight loss supplements, face problems in demand.
There are, however, still positives for the market. Though lacking in scientific evidence, aromatherapy is still a burgeoning form of treatment, creating growth avenues for the target industry.
The obesity problem is getting more severe, especially in countries like the United States and China. As a result, more people are taking the recourse of weight loss supplements. Thus, there are still plenty of opportunities present for investors in the forecast period.
The demand for citrus aurantium extract is moderate across all the key countries, with slight regional variations based on consumer health trends. In developed countries like the United States and the United Kingdom, the demand is projected to rise at CAGRs of 4.2% and 5.1%, respectively. In countries of Asia Pacific, like China, Japan, and South Korea, the demand is expected to be 4.6%, 5.5%, and 6%, respectively.
Countries | CAGR 2024 to 2034 |
---|---|
United States | 4.2% |
United Kingdom | 5.1% |
China | 4.6% |
Japan | 5.5% |
South Korea | 6% |
In the United States, the citrus aurantium extract market is forecast to be valued at USD 1 billion by 2034. In the next decade, demand for citrus aurantium extract in the nation is anticipated to rise at a CAGR of 4.2%.
The United States is well-established for dietary supplements and weight management solutions, while herbal products are gaining recent traction. Demand for these solutions can be ascribed to the widespread prevalence of obesity and rising consumer curiosity about changing wellness and health trends.
Demand for citrus aurantium extract is rising among flavor technologists to create natural, clean labeling. Along with this, players are crafting fun and delicious flavor combinations for foods and beverages using this extract.
The United Kingdom industry is predicted to register a CAGR of 5.1% over the next ten years. Industry value is expected to reach USD 229.7 million by 2034. Growth factors influencing the citrus aurantium extract market include growing demand for natural products and increasing application in cosmetics, food, and pharmaceuticals.
In the cosmetic sector, the extract is incorporated into mouthwash and toothpaste. Similarly, in the United Kingdom’s thriving pharmaceutical sector, citrus aurantium extract is increasingly used to reduce the bitterness of the dosage.
In China, the citrus aurantium extract market size is projected to reach USD 895.9 million by 2034. The industry is expected to rise at a CAGR of 4.6% over the estimated period, driven by several factors.
The inflating disposable income of people in China is raising the spending on salons and spas to fulfill their need for rejuvenation. Rejuvenation procedures to induce aromatherapy, leisure, and relaxation require the use of extracts like citrus aurantium extract in massage oils, thus, boosting the product’s demand.
Growing usage of this extract in functional foods and dietary supplements for its perceived benefits is fueling the industry’s growth. Similarly, expanding nutraceuticals sector in China is likely to create growth avenues for companies.
Under this division, high-ranking segments in the citrus aurantium extract market are discussed in detail. The essential oil segment in the application category represents a share of 34% in 2023. Under the end-use category, the pharmaceutical segment is projected to lead the sector with 30.4% in 2023.
Segment | Essential Oil (Application) |
---|---|
Value Share (2023) | 34% |
The essential oil segment is projected to expand at a 3.6% CAGR from 2024 to 2034. The massive share of this application segment can be attributed to increasing studies coming forth proving the various favorable properties of citrus aurantium extract.
Today, more and more consumers are seeking natural alternatives. The antimicrobial and antioxidant properties of citrus aurantium extract are luring customers to choose essential oils made of this extract.
The aromatic qualities of citrus aurantium extract are another factor, which are fueling the use of citrus aurantium extract. These oils are also used to develop natural fragrances.
Segment | Pharmaceutical (End Use) |
---|---|
Value Share (2023) | 30.4% |
The demand for citrus aurantium extract in the pharmaceutical sector is projected to rise at a 3.4% CAGR over the forecast period. The use of this extract is rising in certain pharmaceutical formulations as it contains p-synephrine, which modestly reduces appetite.
More research is going on to find out the efficacy and safety of using citrus aurantium extract in several medications. This is likely to boost segment growth during the assessment period.
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Key players in the citrus aurantium extract market are executing stringent measures across manufacturing processes to ensure a consistent supply of standardized extracts. Players are also addressing safety concerns related to this extract by responsibly emphasizing clear labeling, which mentions the p-synephrine content and possible side effects. In addition, companies are focusing on sustainable sourcing practices and supervising raw materials to ensure they are contaminant-free.
Industry leaders are allocating huge funds to research studies. These studies are aimed at substantiating the potential benefits of bitter oranges and addressing safety concerns related to them. This also involves funding for clinical trials to explore bitter orange’s efficacy in certain applications like athletic performance or weight management. Players are further expanding into geographies where citrus aurantium extract is gaining popularity among the population.
Companies are making technological advancements in the extraction and formulation of citrus aurantium extract to streamline the production process. Default strategies like strategic partnerships and strengthening of distribution channels go a long way for players to expand their footprint.
Players Profiling
Sabinsa Corporation
Sabinsa Corporation, a United States-based firm, has a prominent space in the health nutrition industry. The company manufactures, supplies, and promotes herbal extracts, minerals, dietary supplements, cosmeceuticals, and specialty fine chemicals. The company partakes in research and industry events to expand its reach.
BI Nutraceuticals
BI Nutraceuticals is a leading American producer of natural solutions. The company portfolio consists of botanical ingredients such as extracts, fibers, vitamin-mineral premixes, proteins, and powders, among other ingredients. The company holds sourcing expertise, unparalleled technical knowledge, high-quality standards, and distinct manufacturing technologies like extracting, blending, milling, and particle engineering
Based on application, the sector is divided into essential oils, appetite suppressants, weight loss aids, and others.
Based on end use, the citrus aurantium extract market is divided into pharmaceutical, food, personal care, and others.
Analysis is carried out across key nations of North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.
The industry is going to be worth USD 3.9 billion in 2024.
The current forecast projects a CAGR of 3.8% for the industry.
The sector is expected to reach USD 5.7 billion by 2034.
Essential oil is expected to account for a considerable value share.
South Korea is predicted to offer opportunities for investors.
Sabinsa Corporation and Nexira are influential industry players.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 7.1. Essential Oil 7.2. Appetite Suppressant 7.3. Weight Loss Aid 7.4. Others 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 8.1. Pharmaceutical 8.2. Food 8.3. Personal Care 8.4. Others 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. South Asia 9.5. East Asia 9.6. Eastern Europe 9.7. Middle East & Africa 10. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 11. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 12. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Sales Forecast 2024 to 2034 by Application and End Use for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. Sabinsa Corporation 19.2. Nexira 19.3. BI Nutraceuticals 19.4. Arjuna Natural Pvt. Ltd. 19.5. Organic Herb Inc. 19.6. BGG (Beijing Gingko Group) 19.7. Fruzyme Biotech India Pvt. Ltd 19.8. JF Natural 19.9. Pharmactive Biotech Products 19.10. Synthite Industries Ltd
Food and Beverage
March 2024
REP-AP-893
324 pages
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