Orange Extract Market To Increase at Steady Growth Rate

Orange extract is defined as the processed form of orange peels, which is used as a food flavorant by enhancing the traditional orange flavour. Orange extract is generally produced from orange essential oil and an adequate amount of alcohol to increase its shelf life. Due to its exotic fragrance, orange extract also finds remunerative applications in the cosmetics and personal care industries, along with food and beverages. Orange extract is a highly concentrated flavorant, which enables its abundant industrial application. However, orange extract is also expected to be used in domestic purposes during the forecast period. 

The demand for natural food flavors such as orange extract in China and India is expected to increase during the latter years of the forecast period. This is primarily attributed to the launch of new products with natural ingredients. In Asia Pacific, orange extract is the most preferred flavorant. 

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Among the nature segments of the orange extract market, the organic orange extract segment is expected to register the highest growth rate of around 5.8%, owing to increased health awareness among consumers and increased health benefits. However, the conventional orange extract segment had the highest market share in the year 2017, owing to its affordable prices and accessibility. 

The demand for fruity flavors such as orange extract in processed food has grown expeditiously, and continues to expand at a considerable rate, globally. There is a growing preference for readymade food (ready-to-eat/ready-to-drink) and snacks, leading to the higher demand for exotic fruit flavoring. The encapsulation of such exotic fruit flavors to existing processed food continues to be one of the key strategies that is being adopted by the leading manufacturers of processed foods to attract consumers, as such, driving the global orange extract market. 

Currently, consumers prefer fizzy and flavored drinks, which is expected to escalate the growth of the orange extract market. Due to the adverse health effects of artificial flavors, individuals have opted to switch to drinks that contain natural fruit flavors. Health conscious individuals are showing more interest in plant-based drinks over other carbonated beverages. Also, consumers show a reduced preference for milk-based drinks, owing to various reasons such as lesser shelf life, presence of lactose, adulteration, etc. This is also a major factor expected to drive the growth of the global orange extract market.

Orange extract production is a labor-intensive process, due to the requirement of a substantial amount of raw materials such as orange pulp and peels to produce minute concentrates, which are then chemically treated with alcohol. This is a major concern for the industry, because the cost of flavoring agents such as orange extract is a crucial indicator of the price of the end product. Therefore, the production advantages offered in developing regions, in terms of low costs and favorable climate, is an important driver for the growth of the market. 

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The increasing demand for beverages in the regions of Western Europe and Latin America is expected to create vital opportunities for dynamic players in the global orange extract market. The ever-rising demand for Nutraceutical with natural ingredients and flavors is also expected to result in the significant sales of orange extract for processing these products. Key players operating in the orange extract market are expected to leverage this opportunity during the forecast period. Food & beverage companies are highly focusing on research and development activities to enhance the nutritional and multifunctional profile of orange extract, which offer high health benefits. 

The growing demand for aromatic essential oil across the world is anticipated to promote wider opportunities for the manufacturers of orange extract. Aromatic oil obtained from the peels of oranges would result in the increased distribution of orange extract to the cosmetic and personal care industries. Hence, the utility of orange extract in these industries is expected to provide greater opportunities during the forecast period. 

Bound to all the above driving factors it is anticipated, the global orange extract market would proliferate in terms of value and volume during the forecast period.

Key Facts About the Global Orange Extract Market: Read More Below

Orange extract is defined as the processed form of orange peels, which is used as a food flavorant by enhancing the traditional orange flavour. Orange extract is generally produced from orange essential oil and an adequate amount of alcohol to increase its shelf life. Due to its exotic fragrance, orange extract also finds remunerative applications in the cosmetics and personal care industries, along with food and beverages. Orange extract is a highly concentrated flavorant, which enables its abundant industrial application. However, orange extract is also expected to be used in domestic purposes during the forecast period. 

The demand for natural food flavors such as orange extract in China and India is expected to increase during the latter years of the forecast period. This is primarily attributed to the launch of new products with natural ingredients. In Asia Pacific, orange extract is the most preferred flavorant. 

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Among the nature segments of the orange extract market, the organic orange extract segment is expected to register the highest growth rate of around 5.8%, owing to increased health awareness among consumers and increased health benefits. However, the conventional orange extract segment had the highest market share in the year 2017, owing to its affordable prices and accessibility.

The demand for fruity flavors such as orange extract in processed food has grown expeditiously, and continues to expand at a considerable rate, globally. There is a growing preference for readymade food (ready-to-eat/ready-to-drink) and snacks, leading to the higher demand for exotic fruit flavoring. The encapsulation of such exotic fruit flavors to existing processed food continues to be one of the key strategies that is being adopted by the leading manufacturers of processed foods to attract consumers, as such, driving the global orange extract market. 

Currently, consumers prefer fizzy and flavored drinks, which is expected to escalate the growth of the orange extract market. Due to the adverse health effects of artificial flavors, individuals have opted to switch to drinks that contain natural fruit flavors. Health conscious individuals are showing more interest in plant-based drinks over other carbonated beverages. Also, consumers show a reduced preference for milk-based drinks, owing to various reasons such as lesser shelf life, presence of lactose, adulteration, etc. This is also a major factor expected to drive the growth of the global orange extract market. 

Orange extract production is a labor-intensive process, due to the requirement of a substantial amount of raw materials such as orange pulp and peels to produce minute concentrates, which are then chemically treated with alcohol. This is a major concern for the industry, because the cost of flavoring agents such as orange extract is a crucial indicator of the price of the end product. Therefore, the production advantages offered in developing regions, in terms of low costs and favorable climate, is an important driver for the growth of the market. 

The increasing demand for beverages in the regions of Western Europe and Latin America is expected to create vital opportunities for dynamic players in the global orange extract market. The ever-rising demand for Nutraceutical with natural ingredients and flavors is also expected to result in the significant sales of orange extract for processing these products. Key players operating in the orange extract market are expected to leverage this opportunity during the forecast period. Food & beverage companies are highly focusing on research and development activities to enhance the nutritional and multifunctional profile of orange extract, which offer high health benefits. 

The growing demand for aromatic essential oil across the world is anticipated to promote wider opportunities for the manufacturers of orange extract. Aromatic oil obtained from the peels of oranges would result in the increased distribution of orange extract to the cosmetic and personal care industries. Hence, the utility of orange extract in these industries is expected to provide greater opportunities during the forecast period. 

Bound to all the above driving factors it is anticipated, the global orange extract market would proliferate in terms of value and volume during the forecast period.

Orange Extract Market: Increasing Demand for Natural Food Products Fuels Growth

Orange Extract Market: Introduction 

Orange extract is defined as the processed form of orange peels, which is used as a food flavorant by enhancing the traditional orange flavour. Orange extract is generally produced from orange essential oil and an adequate amount of alcohol to increase its shelf life. Due to its exotic fragrance, orange extract also finds remunerative applications in the cosmetics and personal care industries, along with food and beverages. Orange extract is a highly concentrated flavorant, which enables its abundant industrial application. However, orange extract is also expected to be used in domestic purposes during the forecast period.

Orange Extracts: Market Outlook 

The demand for natural food flavors such as orange extract in China and India is expected to increase during the latter years of the forecast period. This is primarily attributed to the launch of new products with natural ingredients. In Asia Pacific, orange extract is the most preferred flavorant.

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Intensive Growth of the Organic Orange Extract Segment 

Among the nature segments of the orange extract market, the organic orange extract segment is expected to register the highest growth rate of around 5.8%, owing to increased health awareness among consumers and increased health benefits. However, the conventional orange extract segment had the highest market share in the year 2017, owing to its affordable prices and accessibility.

Growing Demand for Exotic Fruity Flavors 

The demand for fruity flavors such as orange extract in processed food has grown expeditiously, and continues to expand at a considerable rate, globally. There is a growing preference for readymade food (ready-to-eat/ready-to-drink) and snacks, leading to the higher demand for exotic fruit flavoring. The encapsulation of such exotic fruit flavors to existing processed food continues to be one of the key strategies that is being adopted by the leading manufacturers of processed foods to attract consumers, as such, driving the global orange extract market. 

Consumers Preferring Flavoured Drinks

Currently, consumers prefer fizzy and flavored drinks, which is expected to escalate the growth of the orange extract market. Due to the adverse health effects of artificial flavors, individuals have opted to switch to drinks that contain natural fruit flavors. Health conscious individuals are showing more interest in plant-based drinks over other carbonated beverages. Also, consumers show a reduced preference for milk-based drinks, owing to various reasons such as lesser shelf life, presence of lactose, adulteration, etc. This is also a major factor expected to drive the growth of the global orange extract market.

Low Cost of Production in Developing Regions 

Orange extract production is a labor-intensive process, due to the requirement of a substantial amount of raw materials such as orange pulp and peels to produce minute concentrates, which are then chemically treated with alcohol. This is a major concern for the industry, because the cost of flavoring agents such as orange extract is a crucial indicator of the price of the end product. Therefore, the production advantages offered in developing regions, in terms of low costs and favorable climate, is an important driver for the growth of the market.

Increasing Demand for Beverages 

The increasing demand for beverages in the regions of Western Europe and Latin America is expected to create vital opportunities for dynamic players in the global orange extract market. The ever-rising demand for Nutraceutical with natural ingredients and flavors is also expected to result in the significant sales of orange extract for processing these products. Key players operating in the orange extract market are expected to leverage this opportunity during the forecast period. Food & beverage companies are highly focusing on research and development activities to enhance the nutritional and multifunctional profile of orange extract, which offer high health benefits. 

Increased Demand for Essential Oils 

The growing demand for aromatic essential oil across the world is anticipated to promote wider opportunities for the manufacturers of orange extract. Aromatic oil obtained from the peels of oranges would result in the increased distribution of orange extract to the cosmetic and personal care industries. Hence, the utility of orange extract in these industries is expected to provide greater opportunities during the forecast period. 

Bound to all the above driving factors it is anticipated, the global orange extract market would proliferate in terms of value and volume during the forecast period.

Orange Extract Market: Growing Demand for Exotic Fruity Flavors to Drive the Market

According to the latest market report published by Transparency Market Research, titled ‘Orange Extract Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028', revenue generated from the global orange extract market has been estimated to be valued around US$ 536.2 Mn in 2018, which is projected to increase at a CAGR of 5.1% during the forecast period (2018-2028).

Driving factors such as the demand for fresh fruity flavors, consumer preference for natural food additives, and health consciousness contribute to the accelerating growth of the orange extract market. Orange extract is highly consumed in the North American region, expected to account for around 34.4% share during the forecast period, owing to highest utilization in the region. Increased market penetration in developing and developed economies makes the orange extract market a highly competitive one, resulting in continuous product launches by the key players of orange extract. Players in the market such as Döhler GmbH and McCormick & Company, Inc. are well-known for their premium quality of orange extract. These companies spend appreciably on promoting their brands online as well as other channels, and hence, have high visibility and premium placement on retail shelves. Thus, consumers are more inclined towards buying branded orange extract as a sign of premium quality. 

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Being a developing economy and with an increased number of food processing industries, Asia Pacific holds the highest market share in the orange extract market as compared to other regions, due to the highest consumption of orange extract, factors such as favorable government policies on natural food additives, and inclining application of orange extract in cosmetics and personal care products. It is anticipated that the Asia Pacific except Japan region would witness a high growth rate of the orange extract market - 7.3% growth during the forecast period. 

Increasing consumer health consciousness regarding natural food products in recent years has been a major contributing driver for the global orange extract over the years. Organic orange extract is expected to have a high preference as compared to conventional orange extract during the forecast. By nature segment, the organic orange extract segment is anticipated to witness the highest compound annual growth rate of 5.1% during the forecast period. However, the organic extract segment has a minimal market share at present, due to the market being huge for conventional orange extract at affordable prices. 

Due to the growing demand for orange extract across developing countries, manufacturers have been coming up with the powdered form of orange extract in recent years. This practice is not only expected to ensure for a healthier food additive and quality fruit extract, but also promotes the extended domestic consumption of orange extract in the upcoming years. For instance, China and India have been developing a powdered form of orange extracts in recent years.

This report covers the current trends driving each segment, and offers detailed analysis and insights into the potential growth of the global orange extract market. The final section of the report contains a competitive landscape of dynamic players, to provide an audience view with a comparative dashboard. Key players covered in the report are the current dynamic manufacturers in the orange extract market. Detailed profiles of the manufacturers are also included in the scope of the report to analyze their long-term and short-term strategies, key offerings, and recent developments in the orange extract space. 

TMR has profiled some of the most prominent companies active in the global orange extract market, such as Döhler GmbH, McCormick & Company, Inc., Southern Flavoring Company, Inc., Cook Flavoring Company, LorAnn Oils, Nature’s Sunshine Products, Inc., Nielsen-Massey Vanillas, Inc., etc.

Orange Extract Market Expected to Increase at a CAGR of 5.1% in Terms of Revenue over 2018-2028

According to the latest market report published by Transparency Market Research, titled 'Orange Extract Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028', revenue generated from the global orange extract market has been estimated to be valued around US$ 536.2 Mn in 2018, which is projected to increase at a CAGR of 5.1% during the forecast period (2018-2028).

Driving factors such as the demand for fresh fruity flavors, consumer preference for natural food additives, and health consciousness contribute to the accelerating growth of the orange extract market. Orange extract is highly consumed in the North American region, expected to account for around 34.4% share during the forecast period, owing to highest utilization in the region. Increased market penetration in developing and developed economies makes the orange extract market a highly competitive one, resulting in continuous product launches by the key players of orange extract. Players in the market such as Döhler GmbH and McCormick & Company, Inc. are well-known for their premium quality of orange extract. These companies spend appreciably on promoting their brands online as well as other channels, and hence, have high visibility and premium placement on retail shelves. Thus, consumers are more inclined towards buying branded orange extract as a sign of premium quality.

Request A Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=51525

Being a developing economy and with an increased number of food processing industries, Asia Pacific holds the highest market share in the orange extract market as compared to other regions, due to the highest consumption of orange extract, factors such as favorable government policies on natural food additives, and inclining application of orange extract in cosmetics and personal care products. It is anticipated that the Asia Pacific except Japan region would witness a high growth rate of the orange extract market - 7.3% growth during the forecast period.

Increasing consumer health consciousness regarding natural food products in recent years has been a major contributing driver for the global orange extract over the years. Organic orange extract is expected to have a high preference as compared to conventional orange extract during the forecast. By nature segment, the organic orange extract segment is anticipated to witness the highest compound annual growth rate of 5.1% during the forecast period. However, the organic extract segment has a minimal market share at present, due to the market being huge for conventional orange extract at affordable prices.

Due to the growing demand for orange extract across developing countries, manufacturers have been coming up with the powdered form of orange extract in recent years. This practice is not only expected to ensure for a healthier food additive and quality fruit extract, but also promotes the extended domestic consumption of orange extract in the upcoming years. For instance, China and India have been developing a powdered form of orange extracts in recent years.

This report covers the current trends driving each segment, and offers detailed analysis and insights into the potential growth of the global orange extract market. The final section of the report contains a competitive landscape of dynamic players, to provide an audience view with a comparative dashboard. Key players covered in the report are the current dynamic manufacturers in the orange extract market. Detailed profiles of the manufacturers are also included in the scope of the report to analyze their long-term and short-term strategies, key offerings, and recent developments in the orange extract space.

TMR has profiled some of the most prominent companies active in the global orange extract market, such as Döhler GmbH, McCormick & Company, Inc., Southern Flavoring Company, Inc., Cook Flavoring Company, LorAnn Oils, Nature's Sunshine Products, Inc., Nielsen-Massey Vanillas, Inc., etc.

Orange Extract Market: Owing to a Rise in the Demand for Exotic Fruity Flavors Across the Globe

According to the latest market report published by Transparency Market Research, titled 'Orange Extract Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028', revenue generated from the global orange extract market has been estimated to be valued around US$ 536.2 Mn in 2018, which is projected to increase at a CAGR of 5.1% during the forecast period (2018-2028).

Driving factors such as the demand for fresh fruity flavors, consumer preference for natural food additives, and health consciousness contribute to the accelerating growth of the orange extract market. Orange extract is highly consumed in the North American region, expected to account for around 34.4% share during the forecast period, owing to highest utilization in the region. Increased market penetration in developing and developed economies makes the orange extract market a highly competitive one, resulting in continuous product launches by the key players of orange extract. Players in the market such as Döhler GmbH and McCormick & Company, Inc. are well-known for their premium quality of orange extract. These companies spend appreciably on promoting their brands online as well as other channels, and hence, have high visibility and premium placement on retail shelves. Thus, consumers are more inclined towards buying branded orange extract as a sign of premium quality.

Request A Sample - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=51525

Being a developing economy and with an increased number of food processing industries, Asia Pacific holds the highest market share in the orange extract market as compared to other regions, due to the highest consumption of orange extract, factors such as favorable government policies on natural food additives, and inclining application of orange extract in cosmetics and personal care products. It is anticipated that the Asia Pacific except Japan region would witness a high growth rate of the orange extract market - 7.3% growth during the forecast period.

Increasing consumer health consciousness regarding natural food products in recent years has been a major contributing driver for the global orange extract over the years. Organic orange extract is expected to have a high preference as compared to conventional orange extract during the forecast. By nature segment, the organic orange extract segment is anticipated to witness the highest compound annual growth rate of 5.1% during the forecast period. However, the organic extract segment has a minimal market share at present, due to the market being huge for conventional orange extract at affordable prices.

Due to the growing demand for orange extract across developing countries, manufacturers have been coming up with the powdered form of orange extract in recent years. This practice is not only expected to ensure for a healthier food additive and quality fruit extract, but also promotes the extended domestic consumption of orange extract in the upcoming years. For instance, China and India have been developing a powdered form of orange extracts in recent years.

This report covers the current trends driving each segment, and offers detailed analysis and insights into the potential growth of the global orange extract market. The final section of the report contains a competitive landscape of dynamic players, to provide an audience view with a comparative dashboard. Key players covered in the report are the current dynamic manufacturers in the orange extract market. Detailed profiles of the manufacturers are also included in the scope of the report to analyze their long-term and short-term strategies, key offerings, and recent developments in the orange extract space.

TMR has profiled some of the most prominent companies active in the global orange extract market, such as Döhler GmbH, McCormick & Company, Inc., Southern Flavoring Company, Inc., Cook Flavoring Company, LorAnn Oils, Nature's Sunshine Products, Inc., Nielsen-Massey Vanillas, Inc., etc.

Key manufacturers and product developers in the global orange extract market are producing organic orange extract, not only for applications in food and beverages but also significantly contributing to the development of cosmetics and personal care, thereby attracting a huge customer base in the global orange extract market.