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Citrus Aurantium Extract Market Size
Citrus Aurantium Extract Market size was valued at USD 3.58 billion in 2022 and is estimated to expand at a CAGR of 3.6% between 2023 and 2032. Citrus aurantium extract is often used in weight management and dietary supplements due to its potential to support metabolism and appetite control. Consumers are increasingly seeking natural and herbal alternatives for health and wellness, driving demand for botanical extracts like citrus aurantium.
Some formulations of citrus aurantium extract are marketed as energy boosters and performance enhancers, which appeals to athletes and individuals seeking increased vitality. Citrus aurantium extract is believed to promote thermogenesis (increased heat production) and fat oxidation, making it attractive for those looking to enhance their fat-burning potential.
| Report Attributes | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 3.58 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 3.6% |
| 2032 Value Projection: | USD 5.09 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 120 |
| Tables, Charts & Figures: | 136 |
| Segments covered: | Application, End-use, Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Regulations around the use of certain compounds found in citrus aurantium extract can vary by region. Making health claims about the benefits of Citrus aurantium extract requires scientific evidence and compliance with regulations. Incorrect or unsubstantiated claims can lead to legal issues. Some formulations of citrus aurantium extract may contain compounds that raise safety concerns, especially when combined with other substances or medications.
COVID-19 Impact
Consumer priorities shifted during the pandemic, with a greater focus on essential products like food and hygiene items. This might have influenced demand for certain supplements and botanical extracts. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is set to drive the market growth.
Citrus Aurantium Extract Market Trends
Consumers are increasingly seeking natural and plant-based ingredients in dietary supplements and functional foods, driving the demand for botanical extracts like citrus aurantium. Citrus aurantium extract's potential to support weight management and metabolism has led to its inclusion in weight loss supplements and formulations. The extract's potential to boost energy levels and athletic performance has contributed to its popularity among athletes and fitness enthusiasts.
Citrus Aurantium Extract Market Analysis
The citrus aurantium extract market from essential oil segment dominated around USD 1.39 billion revenue in 2022. The extract is used as a natural additive in functional foods and beverages, including energy drinks and bars. Some formulations include Citrus aurantium extract for potential cognitive benefits, contributing to demand in this segment.
The pharmaceuticals segment accounted for 28.4% of the citrus aurantium extract market share in 2022. Citrus aurantium extract is used in pharmaceutical products targeting specific health concerns, such as metabolic health.
U.S. citrus aurantium extract market size held over USD 476.2 million in 2022. North American consumers are increasingly focused on health and wellness, driving demand for natural ingredients like citrus aurantium extract in dietary supplements and functional foods.
Citrus Aurantium Extract Market Share
Some of the major companies operating in the citrus aurantium extract market are:
- Sabinsa Corporation
- Nexira
- BI Nutraceuticals
- Arjuna Natural Pvt. Ltd.
- Naturex (Part of Givaudan)
- BGG (Beijing Gingko Group)
- Fruzyme Biotech India Pvt. Ltd
- JF Natural
- Pharmactive Biotech Products
- Sami Labs Limited
- Synthite Industries Ltd
- Nutra Green Biotechnology Co., Ltd.
- Martin Bauer Group
- Organic Herb Inc.
- Layn Natural Ingredients
These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
Citrus Aurantium Extract Industry News:
- In April 2022, Kerry, an Irish taste and nutrition firm, finalized the acquisition of Natreon, an Ayurvedic botanical ingredient provider.
- On 22 February 2022, Suan Farma has agreed to buy a controlling stake in Monteloeder, a company established in Spain that specialized in patent-protected botanical extracts backed by clinical research.
This citrus aurantium extract market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:
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Market, By Application
- Essential Oil
- Appetite Suppressant
- Weight Loss Aid
- Others
Market, By End-use
- Pharmaceutical
- Food
- Personal Care
- Others
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Egypt
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