The citrus aurantium extract global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Citrus Aurantium Extract Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The citrus aurantium extract market size has grown strongly in recent years. It will grow from $3.41 billion in 2023 to $3.62 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to expansion of the functional food and beverage industry, expansion of the dietary supplement industry, rise in popularity of traditional medicines, rise in demand for natural flavoring agents, and rise in demand for functional foods.
The citrus aurantium extract market size is expected to see strong growth in the next few years. It will grow to $4.70 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to increasing consumer preference for natural and plant-based health supplements, increasing awareness of health benefits, rising prevalence of obesity, increasing demand for natural ingredients in food and beverages, and increasing research and development activities. Major trends in the forecast period include technological advancements, eco-friendly production, aromatherapy, natural flavoring agents, and botanical extracts.
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Scope Of Citrus Aurantium Extract Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Citrus Aurantium Extract Market Overview
Market Drivers –
The rising prevalence of obesity is expected to propel the growth of the citrus aurantium extract market going forward. Obesity is a medical condition characterized by excessive body fat accumulation that presents health risks, including heart disease, diabetes, and hypertension. The rising obesity is fueled by factors such as excessive food consumption, a lack of physical activity, an imbalance between calorie intake and expenditure, metabolic disorders, certain medications, and genetic factors. Citrus aurantium extract is used for obesity primarily through its active component, synephrine, which is believed to aid in appetite suppression, boost metabolism, and enhance fat burning in weight loss supplements. For instance, in March 2022, according to the World Health Organization (WHO), a Switzerland-based intergovernmental organization, around 1,028 million people were living with obesity in 2022, and this number is expected to rise to 1,198 million by 2025. Therefore, the rising prevalence of obesity will drive the citrus aurantium extract market.
Market Trends –
Major companies operating in the citrus aurantium extract market are focusing on developing innovative products, such as standardized extracts, to gain a competitive advantage. Standardized extracts ensure consistency in active ingredient levels, enhancing consumer product reliability. For instance, in 2022, Solgar Inc., a United States-based health nutrition company, launched a new line of Citrus aurantium extract supplements. These products feature a guaranteed p-synephrine content, which is crucial for appetite suppression and metabolic support, and a commitment to non-GMO sourcing. Additionally, the supplements are designed for easy absorption, catering to the growing consumer demand for effective weight management solutions. This trend reflects the broader industry shift towards transparency and quality assurance in herbal supplements, addressing safety concerns while promoting natural health benefits.
The citrus aurantium extract market covered in this report is segmented –
1) By Type: Crude Extracts, Standardized Extracts
2) By Application: Essential Oils, Appetite Suppressants, Weight Loss Aids, Other Applications
3) By End User: Pharmaceuticals, Food, Personal Care, Other End Users
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Regional Insights –
North America was the largest region in the global citrus aurantium extract market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the citrus aurantium extract market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the citrus aurantium extract market are Innophos Inc., Synthite Industries Ltd., Kalsec Inc., Bio Biotinica, BI Nutraceuticals, Sabinsa Corporation, Organic Herb Inc., Layn Natural Ingredients Corp., Naturalin Bio-Resources Co. Ltd., Chengdu Hawk Bio-Engineering Co. Ltd., Martin Bauer Group, Chengdu Chenlv Herb Co. Ltd., Amax NutraSource Inc., Jianhe Biotech Co. Ltd., Nutra Green Biotechnology Co. Ltd., Hangzhou Greensky Biological Tech Co. Ltd., Herbal Creations, Hunan Huachang Chemical Co. Ltd., Merlion Naturals, Ningbo J&S Botanics Inc., Nutramed Scientific, Pharmactive Biotech Products SL
Table of Contents
1. Executive Summary
2. Citrus Aurantium Extract Market Report Structure
3. Citrus Aurantium Extract Market Trends And Strategies
4. Citrus Aurantium Extract Market – Macro Economic Scenario
5. Citrus Aurantium Extract Market Size And Growth
…..
27. Citrus Aurantium Extract Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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