Market Research Future (MRFR) has published a Latest research report on the “Global Citrus Aurantium Extract Market” that contains information from 2018 to 2032. The Citrus Aurantium Extract market is estimated to register a CAGR of 3.90% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global Citrus Aurantium Extract market— Hangzhou Greensky Biological Tech, Nutura Green Biotechnology, Sigma-Aldrich, Shanghai Passiono International, Wagott, OSST, Hawk-Bio, Shaanxi Huadong Biological Technology Co., Ningbo J&S Botanics inc. and Webmd.
Citrus Aurantium Extract Market Highlights
The global Citrus Aurantium Extract market is accounted to register a CAGR of 3.90% during the forecast period and is estimated to reach USD 5.50 billion by 2032.
The pharmaceutical, nutraceutical, and cosmetic sectors' growing need for natural and plant-based components is fueling the market's expansion. Citrus Aurantium Extract, derived from bitter orange, contains compounds like synephrine, which have been associated with potential health benefits, including weight management and appetite suppression. Consumer preferences for clean-label and sustainable products have fueled the adoption of Citrus Aurantium Extract as a natural alternative to synthetic ingredients. Additionally, the increasing awareness of its potential health benefits, such as weight loss and promoting digestive health, has also boosted its demand.
Segment Analysis
The global Citrus Aurantium Extract market has been segmented based on Application and End Use.
Based on Application, the global Citrus Aurantium Extract market has been segmented into Essential Oil, Appetite Suppressants, Weight Loss Acid, and Others. The weight loss acid segment was expected to hold the largest market share in 2022. The increasing concern about obesity worldwide and the need for practical weight-management strategies are the major reasons for this segment’s dominance.
Based on End Use, the global Citrus Aurantium Extract market has been segmented into Food, Pharmaceutical, Personal Care, and Others. The pharmaceutical segment was anticipated to hold the major market share in 2022. Citrus Aurantium is used to formulate weight management supplements, medications, and other health-related products, contributing to the segment's dominance.
Regional Analysis
The global Citrus Aurantium Extract market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Citrus Aurantium Extract market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Citrus Aurantium Extract market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Citrus Aurantium Extract market comprises of Middle East, Africa, and Latin America.
The largest market share for Citrus Aurantium Extract was maintained by the North American regional sector. North America has a well-established and informed consumer base regarding the benefits of natural and plant-based ingredients. The demand for products featuring Citrus Aurantium Extract aligns with the region's preference for health and wellness-focused choices. The health and wellness trends in North America, including weight management, fitness, and overall well-being, have driven the demand for natural ingredients like Citrus Aurantium Extract, often associated with weight management benefits.
Moreover, the European market has been persistently growing over the forecast period. It has a long history of herbal remedies and traditional medicine. This heritage has contributed to a strong consumer base interested in natural extracts like Citrus Aurantium Extract for health and wellness benefits. European consumers are increasingly health-conscious and seek natural alternatives for various health needs. These factors are driving the demand for Citrus Aurantium Extract products.
Additionally, The expanding middle-class population in Asia-Pacific countries has more disposable income for health and wellness products. This demographic group often seeks natural and herbal solutions that benefit Citrus Aurantium Extract. Asian cultures have traditional medicine systems like Ayurveda and Traditional Chinese Medicine, which frequently incorporate herbal extracts. Citrus Aurantium Extract aligns well with these systems, driving the market growth.
Furthermore, the rest of the world's Citrus Aurantium Extract market is divided into the Middle East, Africa, and Latin America. This growth is attributed to rising economic development, cultural preferences, export opportunities, and Local Medicinal Practices.
Key Findings of the Study
- The global Citrus Aurantium Extract market is expected to reach USD 5.50 billion by 2032 at a CAGR of 3.90% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the growing middle-class population in countries like China and India and the practice of traditional medicine systems.
- Based on Application, the Weight Loss Acid segment was attributed to holding the largest market in 2022, with approximately more than half of the market share.
- Hangzhou Greensky Biological Tech, Nutura Green Biotechnology, Sigma-Aldrich, Shanghai Passiono International, Wagott, OSST, Hawk-Bio, Shaanxi Huadong Biological Technology Co., Ningbo J&S Botanics Inc., and Webmd.
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Companies Covered | 15 |
Pages | 128 |
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