Lemon Extract Market: Introduction
Lemon extract, i.e. a citrus flavorant processed from lemon peel oil, is generally manufactured by combining essential lemon peel oil with an adequate amount of alcohol, wherein, the fresh fragrance of lemon is maintained throughout the process. The exotic fragrance of lemon extract finds application in various industries as a key ingredient and a distinctive aroma and delicious flavour of lemon extract make it an ideal food ingredient candidate in the food and beverage processing industries. As lemon extract has a concentration of citric acid and vitamin C, it is increasingly used in various cosmetics, personal care, and home care products. The global lemon extract market is anticipated to experience positive growth during the forecast period.
Lemon Extract: Market Outlook
There is growing demand for citrus flavors and natural food additives such as lemon extract, especially in economies such as India and Japan, owing to increasing number of food processing industries and shifting consumer preference towards citrus flavors. This is primarily attributed to the launch of new products with citrus flavors, such as lemon extract, essential oils, and others.
Along with food processing and cosmetics, lemon extract has emerging demand in pharmaceuticals as a flavoring agent in oral syrups, and is also used in various other drugs due to its antibacterial properties that help in eliminating chronic bacteria that cause cold and flu. In reference to abundant industrial applications and growing demand, the market for lemon extract is expected to remain positive in the future. In the region of Asia Pacific, lemon extract is a highly preferred flavorant over other citrus flavors among consumers.
Promising Growth of the Organic Lemon Extract Segment Expected in the Coming Years
Among the nature segments in the global lemon extract market, the organic lemon extract segment is anticipated to grow at a high rate during the forecast period. This is attributed to wellbeing and mindfulness of purchasers in regards to natural items because of their medical advantages. Be that as it may, the ordinary lemon extract portion had the most astounding piece of the pie in the year 2017, inferable from its reasonable costs and openness.
Surging Demand for Lemon Extract in Home Care Products
Lemon extract is often utilized as a key fixing ingredient in different home care products because of its detoxifying property, which evacuates the harmful bacteria present in the closed condition. This property makes lemon extract the perfect surfactant, which can be used in various sanitary products.
Increasing consumer inclination towards natural perfumed and detoxifying cleaners and sanitizers is anticipated to fuel the growth of global lemon extract market from the demand side.
Limonene is a key element of lemon extract that grants its a few valuable properties. Limonene can be a substitution for various industrial solvents such as glycol ethers, mineral spirits, and toluene. This factor is anticipated to fuel the growth of the lemon extract market from the supply side. Therefore, lemon extract is anticipated to experience high demand in homecare products during the forecast period.
Lemon Extract to Serve as an Animal Feed Antibiotics Alternative
The exorbitant utilization of anti-infection agents in homestead creatures for promoting growth and development has resulted in anti-microbial resistance in most of them. This anti-microbial resistance is additionally transmitted to humans when the meat of homestead creatures is consumed. The high utilization of meat has raised this issue to concern levels, with anti-microbial resistance being considered as a critical danger to people over the world.
Extracts derived from citrus peels, for example, lemon extract, are considered as potential options in contrast to creature feed anti-infection agents. Lemon extract is relied upon to be a beneficial alternative to anti-infection agents, as it promotes development in animals, and further helps in avoiding illnesses. Owing to this, lemon extract is anticipated to have a lucrative opportunity in the animal feed industry during the forecast period.
Increasing Demand for Beverages Opening New Doors of Opportunities in Lemon Extract Market
The increasing demand for refreshments and beverages in the regions of Latin America and Western Europe is expected to create fundamental open doors for dynamic players in the global lemon extract market. Consistent rise in the demand for nutraceuticals with characteristic fixings and citrus flavors is additionally expected to result in the favorable growth of the lemon extract market.
Key market players of lemon extract are relied upon to use this open door over the forecast period. Various food and beverage processors are increasingly concentrating on continuous research and development in order to enhance the innovative dietary and multifunctional profile of lemon extract that offers more medical advantages.
The proposed market report of TMR on the global lemon extract market evaluates opportunities in the current market, and provides latest updates and insights corresponding to various segments involved in the global lemon extract market over the forecast period 2018–2027. The report on the global lemon extract market provides historical data of 2013, along with the estimated data for 2018, and forecast data up to 2027 in terms of value (US$ Mn) and volume (MT). The study exhibits the trends and market dynamics of the lemon extract market in five major regions - North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The report also includes the study of the current issues with consumers and various future opportunities for the lemon extract market.
Lemon Extract Market: Report Description
The report explores the global lemon extract market for the period 2018–2027. The primary objective of the global lemon extract market report is to provide insights into the key developments in the market that are consistently supporting to transform global businesses that are associated with the lemon extract market. It is very important to consider that, in an ever-wavering economy, we provide the estimated (Y-o-Y) year-on-year growth rate in addition to the Compound Annual Growth Rate (CAGR) for the overall forecast, to better understand the analysis and evaluation of the global lemon extract market, and to discover equitable opportunities.
Yet another key feature of this report is that, the estimation of the global lemon extract market and the corresponding revenue forecast is carried out in terms of absolute dollar opportunity analysis. This is usually not prioritized while forecasting overall market numbers. Absolute dollar opportunity analysis is very essential in evaluating the degree of opportunity that a provider can observe to execute, as well as to contrast the potential resources from a sales perspective in the global lemon extract market.
The global lemon extract market report starts with an elaborate executive summary, the market definition of various segmentations that are included, and their respective shares in the global lemon extract market. The report further incorporates the major macroeconomic factors that have an effect on the growth of the lemon extract market. The report also highlights various market dynamics, which includes the drivers, restraints, opportunities, and trends in the global lemon extract market. The report further underlines the study of present issues with industrial processing, and opportunities for the lemon extract market. It also encompasses value chain analysis, which provides a structural view of overall profitability from the manufacturer to the end use in the lemon extract market. In order to provide users with a clear view of the global lemon extract market, we have exhibited a competitive analysis of key market players and their strategic expansions. The competitive dashboard presents a detailed comparison of lemon extract manufacturers on valuable parameters such as key product offerings, total revenue, key developments, and key strategies. The study intensifies the global lemon extract market attractiveness analysis by nature, end use, distribution channel, and region.
To evaluate the overall market size of lemon extract, the report considers various fundamental aspects based on secondary research. Furthermore, it emphasizes quantitative evaluation such as market share by nature, end use, distribution channel, and region, and other qualitative data from primary respondents, which have been consolidated to arrive at clear and accurate market estimations. The forecast provided in the lemon extract market report concludes at the total revenue being generated, and the expected revenue contribution in the future by the global lemon extract market.
Detailed profiles of companies that manufacture lemon extract are included in the report to analyze their developmental strategies, key product offerings, and recent developments, as they have a significant role in the global lemon extract market. Major market players covered in the lemon extract market report are McCormick & Company, Lionel Hitchen Essential Oils Ltd., Southern Flavoring Company, Inc., Nielsen-Massey Vanillas, Inc., Döhler GmbH, Watkins Incorporated, Red Stick Spice Company, Bakto Flavors, LLC, B&G Foods, Inc., The Spice Hunter, Inc., Lochhead Manufacturing Company, Kerry Inc., Star Kay White, Inc., Adams Flavors, Foods & Ingredients LLC, and others.
Lemon Extract Market: Segmentation
The subsequent sections analyze the global lemon extract market on the basis of nature, end use, distribution channel, and region, and presents a forecast for the period 2018–2027. The market is segmented as follows:
Lemon Extract Market by Nature
Lemon Extract Market by End Use
- Food & Beverages
- Cosmetics & Personal Care
Lemon Extract Market by Distribution Channel
- Business to Business
- Hypermarkets/ Supermarkets
- Specialty Retails
- Other Retail Formats
Lemon Extract Market by Region
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of APAC
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA