Citrus Flavors Market

Citrus Flavors Market Outlook (2023 to 2033)

Research from Future Market Insights predicts that the global citrus flavors market is projected to expand at a CAGR of 4.9% over the forecast period. By 2033, the market value is anticipated to reach USD 18.79 billion.

Players in the citrus flavors market are concentrating on Research and Development to deliver cutting-edge goods to food and beverage producers, leveraging qualities like refreshing taste and rich in vitamins and nutrition.

A trend toward preventative healthcare is pushing the use of natural and healthy ingredients in food and beverage items. Demand for citrus flavors is therefore accepted largely by demographics that are health conscious as a healthier alternative to manufactured flavoring agents.

Attributes	Details
Citrus Flavors Market Size Value in 2023	USD 11.64 billion
Citrus Flavors Market Forecast Value in 2033	USD 18.79 billion
Global Citrus Flavors Market Growth Rate (2023 to 2033)	4.9% CAGR
Forecast Period	2023 to 2033
Citrus Flavors Market Share in North America	29%

As consumers turn to organic goods to ensure better health, artificial flavors containing dangerous sugars and other items may threaten the worldwide industry. The adoption of citrus flavors may see growing challenges due to the increase in replacement products.

How is the Citrus Flavors Market Benefitting End Users?

• The clean label movement has significantly changed consumer preferences, and they are now spending more money on the food goods that are best for them. High nutritional value and healthy food consumption are the focus of this trend.
• Economic costs and growing consumer knowledge of clean-label ingredients can be attributable to increased demand for citrus flavors and associated products.
• Most citrus flavor producers create citrus flavors devoid of synthetic chemicals or artificial additives.

Consumer Preference

• In the upcoming years, the market for citrus flavors is anticipated to expand as consumers' preferences for products with fewer, more easily identifiable ingredients develop.
• Fruit consumption has significantly increased as a trend in recent years. When it comes to flavored beverages meant to be refreshing, citrus is one of the flavors people tend to like the most.
• As a result, the global citrus taste market's players may anticipate benefiting greatly from trending fruit flavors.

Region-wise Insights

How is the North American Citrus Flavors Market Performing?

North America is a key market for citrus flavors and FMI projects that it will rise rapidly over the projection period. In 2021, the report predicted that the United States would hold close to 90% of the market in North America.

To satisfy the need for natural and clean-label food goods and beverages nationwide, citrus flavors are ideal via innovation and authenticity. Tangy citrus flavors that go far beyond the conventional oranges, lime, and lemons are helping various American enterprises drive growth. According to FMI, the pandemic caused one-third of Americans to spend money on health and nutrition goods.

What Role Does Asia Pacific Play in the Citrus Flavors Market?

In 2021, China was predicted to control more than 75% of the East Asian market, according to FMI's analysis. Citrus flavors are highly well-liked by customers in China due to their delicate and well-balanced nature that combines sweetness and acidity.

Due to its high vitamin C content and natural fiber content, it also evokes many favorable connections with nourishment. Given their functions in traditional Chinese medicine, citrus-flavored goods are anticipated to become more popular in the health and wellness market.

India accounts for about 45% of the citrus flavors market. Over the anticipated time, India is anticipated to see profitable growth. Through supply chains, electronic technologies are widely utilized in India. E-commerce has developed into a crucial tool that helps producers and customers.

Manufacturers of citrus tastes may reach a considerably wider consumer base through online commerce, enabling them to market and sell their products on a larger scale. Customers can compare goods and pricing on the same platform, facilitating decision-making. The eCommerce industry is developing, which has led to an increase in the demand for citrus flavors.

What is the Europe Citrus Flavor Market Outlook?

Germany's increasing popularity of soft drinks with citrus flavors is a key growth factor. In the European soft drink market, citrus flavor combos like ginseng and lemon are popular. Candy and confectionery frequently feature mint sweet citrus flavors, and alcoholic beverages frequently feature citrus-infused beers with lime and lemon flavors and zesty grapefruit flavors.

Givaudan purchased the French firm Albert Vieille SAS, which has a commanding position in the local market, in the first quarter of 2019. The corporation hopes that this acquisition would increase its visibility throughout Europe.

How Competition Influences the Citrus Flavors Market?

• Manufacturers engage in joint ventures and acquisitions to enhance their position to reach growing markets. New businesses simultaneously prioritize brand promotion while searching for ways to buy established companies and regional rivals. Some manufacturers are considering divestitures as a way to lower debt.
• One of the leading providers of citrus components and oils worldwide, Florida Chemical Company (FCC), a company specializing in citrus-based perfumes and flavors, was acquired by ADM in 2019. Due to this acquisition, the company is anticipated to soar to the top of the citrus flavors industry.
• To fulfill demand from the food, dairy, personal care, health and nutrition, and confectionery industries, JPL Flavors announced in June 2021 that it intended to expand its production facilities in Neston.
• To increase their fragrance production at Pedro Escobedo in Mexico, which is scheduled to launch at the end of 2023, and serve all customer segments in the region's major growing market, Givaudan invested CHF 75 million.
• To represent the carefully designed portfolio growth, Symrise combined the previous two categories, Flavor and Nutrition, in April 2021 and renamed it Taste Nutrition & Health. The goal is to make expertise, technologies, and product knowledge a common asset by aligning the increased operations with customer needs.

Major firms like Symrise AG and Ziegler Group are accelerating their innovation processes to take advantage of the finest prospects.

Manufacturers work to lessen the variability brought on by rising prices and demand uncertainties. Manufacturers are attempting to exert more control over the supply chains to increase organizational attentiveness.

To enhance revenues in the competitive taste market, manufacturers are enhancing supply chain effectiveness and reducing operational expenses. In a competitive market, rising costs, new technology, shorter product life cycles, and shifting consumer preferences add to the push to innovate.

Restaurants and food producers spend a lot of money creating new culinary items. Great-tasting food results from experienced chef teams, client input, and modern kitchens. To boost product sales, food producers and eateries must use flavor.

For instance, one of the most popular flavored water products worldwide is the DASANI lemon water from The Coca-Cola Company. Major citrus flavor manufacturers are taking advantage of multiple opportunities in terms of taste and flavors. As a result, they are giving special attention to the taste solutions in the food and beverages sectors.

For instance, Symrise AG opened its cutting-edge development, application, and sensory laboratories in Dubai in June 2021 to decipher, design, and deliver successful taste solutions for top food and beverage brands. Regional markets are contributing equally to the rising demand for citrus flavors, as companies are using innovative processes to boost the market share and their regional economy with better products.

Likewise, Archer Daniels Midland Co. acquired the Ziegler Group, a supplier of natural citrus flavor ingredients, in March 2019 to boost its position in the citrus flavor industry. Moreover, using innovative cold concentration processes, the Ziegler Group produces natural citrus oils, extracts, concentrates, and compounds for customers in the taste, food, and beverage industries in Europe, the United States, and Japan.

Citrus Flavours Market Report Scope

Attribute	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	USD Million for Value
Key Regions Covered	North America; Latin America; Europe; South Asia; East Asia; Oceania; Middle East & Africa (MEA)
Key Countries Covered	The United States, Canada, Mexico, Germany, The UK, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, UAE
Key Segments Covered	Product Type, Nature, Application, Sales Channel, Region
Key Companies Profiled	Givaudan SA; International Flavors and Fragrances Inc.; Symrise AG; Sensient Technologies Corp.; Takasago International Corp.; Firmenich SA; Dohler AG; Kerry Group; ADM Company; Mane Group; R.C. Treatt& Co. Ltd; Trilogy Ingredients, Inc.; Lionel Hitchen Limited; Citromax Flavors; Flavors Producers, LLC
Report Coverage	Market Forecast, Company Share Analysis, Competitive Landscape, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Citrus Flavor Market by Category

By Product Type:

• Lime
• Grapefruits
• Orange
• Lemon
• Others

By Nature:

• Natural
• Artificial

By Application:

• Bakery Products
• Confectionery
• Beverages
• Savory
• Others

By Sales Channel:

• Supermarkets
• Departmental Stores
• E-retailers

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa (MEA)

Frequently Asked Questions

How big is the Citrus Flavors Market?

The market is valued at USD 11.6 billion in 2023.

Who are the key market players?

Givaudan SA, and International Flavors and Fragrances Inc. are key market players.

What is the CAGR from 2023 to 2033?

The market’s CAGR from 2023 to 2033 will be 4.9%.

What opportunities await the market players?

Increased consumer awareness of clean-label ingredients to boost the growth.

What is the market share in the United States?

The United States is likely to generate a market share of 29.0% in 2023.