Who are the main contenders in lemon extract market?

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Lemon Extract Market Share

Report ID: GMI7846
Published Date: Jan 2024
Report Format: PDF

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Lemon Extract Market Share

The lemon extract industry is moderately fragmented, with a mix of large global players, regional players, and niche companies. The top five companies (Lionel Hitchen USA, Southern Flavoring Company, Lochhead Manufacturing Company, Bickford Flavors, Döhler Group) likely hold around 30-35% of the market share, leaving the remaining majority to smaller players catering to specific regions, product types, or customer segments. Competition is intense, with companies employing various strategies like bulk discounts, loyalty programs, and contract agreements to secure market share.

Lemon Extract Market Companies

Major companies operating in the lemon extract industry include:

Lionel Hitchen USA
Southern Flavoring Company
Lochhead Manufacturing Company
Bickford Flavors
Döhler Group

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of lemon extract reached USD 292.1 billion in 2023 and is set to witness 7% CAGR from 2024 to 2032, led by an increasing demand for natural flavors in the F&B industry.

F&B segment accounted for a substantial market share of over 54.6% in 2023, owing to the extensive use of lemon extract in flavoring various products such as beverages, bakery items, sauces, and dressings.

North America generated a revenue of over USD 292.1 billion in the market in 2023, attributed to the widespread usage of lemon extract in various culinary applications, and the growing inclination towards natural flavors and clean-label products among consumers.

Lionel Hitchen USA, D