Global
Citrus Aurantium Extract Market: Overview
Citrus
aurantium extract is derived from citrus tree native to South East
Asia. The citrus aurantium extract have is used in skin infection,
food products, soap, supplement fragrances along with treatment of
chronic fatigue syndrome, nasal congestion and some herbal medicines.
The global citrus aurantium extract market is expected to grow at a
significant growth rate, attributed to increasing application of the
extract in herbal supplements. The citrus
aurantium extract market
in North America is expected to register a relatively high growth
rate over the forecast period followed by Asia Pacific.
Global
Citrus Aurantium Extract Market: Dynamics
The
major factors driving growth of the global citrus aurantium extract
market include growing demand for the extract in herbal supplements,
attributed to increasing health concern among the consumers across
the globe. The statement by U.S. National Centre for Complementary
and Integrative Health the bitter orange is safer to use than ephedra
as well as the ban over herbal stimulant ephedra in the U.S. and
Canada leads to fuelling the demand for global citrus aurantium
extract market in the North America. The branding of citrus aurantium
containing supplements as herbal weight-loss ephedra-free products,
results in driving the global citrus aurantium extract market over
the forecast period.
However,
citrus aurantium is also expected to cause the same spectrum of side
effects as ephedra as well as it is banned by the National Collegiate
Athletic Association (NCAA). This, in turn, leads to create negative
impact on citrus aurantium market over the forecast period.
Additionally, high cost of production of citrus aurantium extract is
also expected to restrain the citrus aurantium market particularly in
regions such as Asia-Pacific and Middle East and Africa. Companies
manufacturing citrus aurantium extract products can leverage
potential opportunities in regions such as North America, Europe and
Asia Pacific, attributed to rapidly growing demand for herbal
supplements and appetite suppressant, and the trend is expected to
continue over the forecast period.
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Global
Citrus Aurantium Extract Market: Segmentation
The
global citrus aurantium extract market is segmented on the basis of
end-use industry, application, and region. Among the end-use industry
segments, pharmaceutical industry segment contribute for significant
value share over the forecast period in global citrus aurantium
extract market owing to high demand for citrus aurantium extract in
herbal supplements. Based on application, appetite suppressant
segment is expected to count for relatively high revenue share with
significant growth rate, attributed to high demand for weight losing
product across the globe.
Based
on the end-use industry, the global citrus aurantium extract market
is segmented into:
- Pharmaceutical
- Food
- Personal Care
Based
on application, the global citrus aurantium extract market is
segmented into:
- Essential Oil
- Appetite Suppressant
- Weight Loss Aid
- Others
Global
Citrus Aurantium Extract Market: Regional Overview
On
the basis of geography, the global citrus aurantium extract market is
segmented into seven regions namely, North America, Western Europe,
Asia Pacific except Japan (APEJ), Eastern Europe, Latin America, the
Middle East & Africa and Japan. Among the regions, North America
dominates the global citrus aurantium extract market in terms of
revenue contribution owing to relatively high demand for citrus
aurantium extract from the herbal supplements market. North America
is followed by Western Europe, attributed increasing health awareness
among the consumer in the region. APEJ account for relatively high
volume share in the global citrus aurantium extract market,
attributed to growing population particularly in the countries such
as China and India. Eastern Europe and Japan account for a relatively
low value share in the global citrus aurantium extract market. Latin
America and Middle East & Africa are expected to represent
moderate opportunity in the global citrus aurantium extract market,
owing to the moderate economic as well as industrial growth in the
region. Overall, the outlook for the global citrus aurantium extract
market is positive over the forecast period.
Global
Citrus Aurantium Extract Market: Key Players
Some
of the prominent players in the global citrus aurantium extract
market include Nutraceutical Corporation, Shaanxi huadong Biological
Technology Co., Ltd., Nutra Green Biotechnology Co., Ltd., Ningbo J&S
Botanics Inc., and Nanjing NutriHerb BioTech Co., Ltd
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