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Citrus Concentrates Market Trends

Report ID: GMI12281
Published Date: Nov 2024
Report Format: PDF

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Citrus Concentrates Market Trends

Global business trends increasingly emphasize sustainability and eco-friendly practices. Companies are not only adopting sustainable sourcing but are also actively reducing carbon footprints and investing in green technologies. This push for sustainability is fueled not just by regulatory frameworks but also by heightened consumer expectations, especially among younger demographics. As a result, many players in the citrus concentrates market are re-evaluating supply chains, enhancing waste management practices, and seeking environmentally friendly packaging solutions. The European Union's Green Deal, which aims to make Europe climate-neutral by 2050, is a significant driver of these sustainability efforts.

The rise of e-commerce and digital marketing strategies stands out as another significant trend. The global pivot towards online shopping, a shift hastened by the COVID-19 pandemic, has led companies to bolster their online presence. This transition facilitates direct-to-consumer sales, broadening audience reach and enhancing consumer engagement. Moreover, digital marketing offers valuable insights into consumer preferences, enabling businesses to fine-tune products and marketing strategies. The U.S. Census Bureau reported a 32.4% increase in e-commerce sales in 2020, underscoring the rapid growth of online shopping.

Authors: Kiran Pulidindi, Keshav Tandle

Frequently Asked Questions (FAQ) :

The market size of citrus concentrates reached USD 8.8 billion in 2024 and is set to grow at a 5.6% CAGR from 2025 to 2034, driven by the rising demand for natural and organic products.

The liquid segment was valued at approximately USD 5 billion in 2024 and is expected to grow at a 6% CAGR from 2025 to 2034, favored for its convenience and versatility in beverages.

The U.S. market held over USD 2.1 billion in 2024 and is projected to grow at a 6.3% CAGR during the forecast period, driven by changing consumer preferences and industry innovations.

The key players in the industry include ADM, American International Foods, Bioven Ingredients, Döhler, Kerry Group, Lemonconcentrate, Louis Dreyfus Company, Nielsen Citrus Products Company, Premier Juices, and Rachel's Orchard.