Meticulous Research® has published a new report, ““Fruit Extracts Market by Source (Citrus Fruits, Apples, Pineapples, Grapes, Pears, Berries), Form (Powder, Liquid), Application (Beverages, Food, Nutraceuticals, Cosmetics) - Global Forecast to 2031.” The market is expected to grow at a 7% CAGR from 2024 to 2031, reaching $31.11 billion. The key drivers are the rise in health trends, the demand for natural ingredients, and the growing use of fruit extracts in cosmetics. Despite the challenges of high production costs and a preference for artificial flavors, opportunities exist in emerging markets and the clean-label trend.
Citrus fruits are forecasted to lead in 2024 due to their health benefits and unique flavors. The powdered form will dominate the market due to its stability and ease of use, while liquid extracts will experience the highest growth. The beverage segment is expected to be the largest due to increasing consumer demand for health-conscious options. North America will lead in market share, with the Asia-Pacific region anticipated to grow the fastest.
Additionally, the report highlights the impact of evolving consumer preferences on market dynamics. As consumers become more informed about the benefits of natural ingredients, there is an increasing shift towards products that offer transparency and sustainability. This shift is expected to drive innovation and encourage companies to develop new and enhanced fruit extract products that meet these evolving demands. The focus on natural and sustainable ingredients is likely to shape the future of the fruit extracts market significantly.
Key Players
The key players operating in the fruit extracts market are Kerry Group plc (Ireland), Givaudan SA (Switzerland), Symrise AG (Germany), DSM-Firmenich AG (Switzerland), Archer-Daniels-Midland Company (U.S.), Döhler GmbH (Germany), International Flavors & Fragrances, Inc. (U.S.), New Directions Aromatics (Canada), Synergy Flavors, Inc. (U.S.), and Ingredion, Incorporated (U.S.).
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Key Questions Answered in the Report-
• What is the current revenue generated by fruit extracts globally?
• At what rate is the global fruit extract demand projected to grow for the next 5–7 years?
• What are the historical market sizes and growth rates of the global fruit extracts market?
• What are the major factors impacting the growth of this market at the regional and country levels? What are the major opportunities for existing players and new entrants in the market?
• Which segments in terms of source, form, and application are expected to create major traction for the manufacturers in this market?
• What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the global fruit extracts market?
• Who are the major players in the global fruit extracts market? What are their specific product offerings in this market?
• What are the recent strategic developments in the global fruit extracts market? What are the impacts of these strategic developments on the market?
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