The global citrus powder market in 2019 was approximately USD 1,142.2 Million. The market is expected to grow above a CAGR of 6.2% and is anticipated to reach over USD 1,717.4 Million by 2026.
The rising demand for natural and health-based products worldwide is expected to affect the demand for citrus powder worldwide. The citrus powder contains strong secondary metabolites including flavonoids, limonoids, and coumarins. Citrus powder helps to improve heart health, prevents kidney stones, controls weight loss, decreases cancer risk, and promotes good health and well-being. Thus, these parameters are expected to fuel the demand for citrus powder over the forecast period.
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The citrus powder market research report delivers an acute valuation and taxonomy of the citrus powder industry by practically splitting the market on the basis of different types, sources, sales channels, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
The citrus powder market is segmented based on source, nature, sales channel, application, and region. On the basis of source segmentation, the market is classified into grapefruit, orange, tangerines, lime & lemons, and others. Nature-wise, the market is segmented into conventional, and organic. The global market based on sales channel is bifurcated into B2B and B2C. The major application of the market is dietary supplements, cosmetic and personal care, food and beverages, and others.
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Top Market Players
Major market players operating in the citrus powder market, but not restricted to include Allen Flavors, Cifal Herbal Private, Ideal Food Ingredients, Vita-Pakt Citrus Products, Kanegrade Limited, Bluegrass Dairy and Food, Nutra Green Biotechnology, Mountain Rose Herbs, Paradiesfrucht GmbH, Sunspray Food Ingredients, and among others.
