Citrus
is one of the most important commercial fruit crop grown across the
globe. On a global scale orange constitutes over half of the total
citrus production. A greater portion of this production is addressed
to the industrial extraction of citrus juice which leaves a bulk
amount of residues including peels. The peels of citrus fruits are
composed of natural flavonoids including many poly-methoxylated
flavones rarely found in the peel of other plants. Flavonoids are
antioxidant compounds which are known to render several health
benefits including prevention of several chronic diseases such as
heart diseases and cancer. Apart from that the orange peel extract
also contains higher amounts of other nutrients such as Vitamin C.
For example, 3.5 ounce of orange peel constitutes 136 milligrams of
vitamin C. Orange peel extract is also widely used in cosmetic
industry and is also used in the production of pectin. Approximately
13% of the world’s pectin is produced from orange peel.
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Orange
Peel Extract Market Segmentation:
The
orange peel extract market is segmented into, area of application and
distribution channel. By area of application the global orange peel
extract market is segmented into, food and beverages industry,
pharmaceutical industry and cosmetic industry. Orange peels are
considered as rich source of essential oils which are used since
ancient times as flavoring agents for preparation of foods. Other
than this orange peel extracts are also being used as natural
pigments and an effective source of colorants thus replacing
synthetic pigments currently available in the market. Demand for
organic products has also increased the sales prospects of orange
peel extract in cosmetic industry where a number of cosmetic products
such as, lotions, tonics, soap, bath- and shower, hair conditioning
formulations utilized orange peel extract as an additive ingredient.
By distribution channel the orange peel extract market is segmented
into, hypermarkets/supermarkets, retail stores, specialty stores,
online retail and other retail formats. Hypermarkets/supermarkets
segment, is expected to depict highest revenue shares in the global
orange peel extracts market across the globe.
Orange
Peel Extract Market Regional Outlook:
On
the basis of region the global Alpine Herb Extract market is
segmented into, North America, Latin America, Western Europe, Eastern
Europe, Asia Pacific excluding Japan, Japan and Middle East and
Africa. The world’s largest producers of dried citrus peels are in
Argentina and Mexico. However, other prominent producers are, U.S.,
Spain, peru and Bolivia. North America and Western Europe are
expected to account for significant revenue shares in the global
orange peel extract market over the forecast period.
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Orange
Peel Extract Market Drivers and Trends
Increasing
acceptance of orange peel extracts in developed countries such as
America and Western Europe attributed to its popularity as a powerful
source of vitamins and flavonoids is driving the orange peel extract
market over the forecast period. Furthermore, demand for cosmetic
products comprising of more natural organic ingredients is driving
the market for orange peel extract market.
Also
increasing demand for functional foods products translating into
expanding market for hyrdrocolloids and increasing application in
cosmetic and pharmaceutical industry is expected to contribute
towards market growth of orange peel extracts market. Besides its
application as natural texturizer for ointments, oils and creams and
as an superior thickener and stabilizer for shampoos, lotions and
hair tonics, pectin is also used as an effective skin anti-aging
agent.
Orange
Peel Extract Market Key Players:
Some
of the key players offering Orange Peel Extract include; Beacon
Commodities, Plant Extracts International Inc., Denk Ingredients,
MB-Holding GmbH & Co.KG and others.
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