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.
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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.
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.
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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