Orange Extract Market Size, Share, And Trends Analysis 2032

Orange Extract Market Size

The global orange extract market size was worth around USD 616.68 million in 2023 and is predicted to grow to around USD 981.55 million by 2032 with a compound annual growth rate (CAGR) of roughly 5.3% between 2024 and 2032.

The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Million). The report covers a forecast and an analysis of the orange extract market on a global and regional level.

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Orange Extract Market: Overview

Orange extract is prepared from orange peel oil along with a sufficient amount of alcohol. It acts as a flavoring agent and is obtained by processing orange peels. These extracts are widely used in food and beverages, cosmetics, and personal care industries. The global orange extract market is expected to show significant growth over the forecast time period, owing to the growing product applications in the food and beverage industry. Moreover, the increasing health-conscious population has led to a rise in the demand for natural fruit-flavored drinks. However, the production of orange extracts is a labor-intensive process and also requires a substantial amount of raw materials, which may limit the orange extract market globally. Additionally, the rise in the per-capita income and flourishing cosmetic industry are likely to open new growth avenues for the global orange extract market in the future.

The report analyzes the global Orange Extract Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Labeling Equipment Market industry. The study includes drivers and restraints of the orange extract market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the orange extract market on a global level.

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In order to give the users of this report a comprehensive view of the orange extract market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the market on a global and regional basis.

Orange Extract Market: Segmentation

The study provides a decisive view of the orange extract market by segmenting it based on form, nature, application, distribution channel, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024to 2032.

By form, the orange extract market includes powder and liquid. The liquid orange extracts dominate the market currently. However, trends have shown growth in the powdered form demand as well.

Based on nature, the global orange extract market is classified into organic and conventional. Conventional orange extracts are likely to dominate the market, owing to their easy preparation process and cost-friendliness. It helps in meeting the growing global demand for the preparation for mocktails, orangeades, and bakery products. Organic orange extracts, on the other hand, have grown significantly in popularity in recent years, due to increasing global health awareness as consumers prefer more natural and chemical-free products.

On the basis of application, the orange extract market includes food and beverages, pharmaceuticals, cosmetics, and personal care.

The distribution channel segment comprises business-to-business, hypermarkets/supermarkets, specialty retail, e-commerce, and other retail formats.

Orange Extract Market: Report Scope

Orange Extract Market: Regional Analysis

The regional segment includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. 

The North American region currently holds a significant share of the global orange extract market, due to the growing utilization of orange extracts in the food and beverage industry and rising product demand in the pharmaceutical sector. The Asia Pacific region is expected to show maximum growth over the forecast time period, owing to the growing orange extract demand in developing economies and an increasing number of regional food processing companies.

Orange Extract Market: Competitive Players

Some key players operating in the orange extract market are

• Southern Flavoring Company
• LorAnn Oils
• McCormick & Company
• Nielsen-Massey Vanillas
• Döhler
• Cook Flavoring

This report segments the global orange extract market into:

Global Orange Extract Market: Form Analysis

• Powder
• Liquid

Global Orange Extract Market: Nature Analysis

• Organic
• Conventional

Global Orange Extract Market: Application Analysis

• Food and Beverages
• Personal Care
• Pharmaceuticals
• Cosmetics

Global Orange Extract Market: Distribution Channel Analysis

• Hypermarkets/Supermarkets
• Business-To-Business
• E-Commerce
• Specialty Retail
• Other Retail Formats

Global Orange Extract Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa