As per this study the Global Lemon Extract Market was valued USD XX MN (by revenue) in 2022 and is anticipated to reach USD XX MN by 2030 with a CAGR of 6.81%.
Lemon extract is a tangy flavored extract, extracted and processed from lemon peel. It is a rich source of vitamin C, citric acid and also have calcium, potassium, iron and other trace elements. It is more concentrated as it includes lemon oil; alcohol and low water content that of than lemon juice. The lemon extract acts natural cleanser, reduce stress, promotes digestion, aids in weight loss, balances pH level, prevents cancer. It is widely used in various cuisines, lemonades, mocktails, bakery products along with face washes; facial masks, cleanser, moisturizers, and other skin care products.
Market Dynamics
The rising demand of lemon extract in various cuisines to impart flavor and taste is driving the market growth. Growing adoption of lemon extracts in cosmetics and personal care products is also contributing to the growth of this market. Rising awareness regarding excellent properties of lemon extract has speed up its demand across food & beverages and cosmetic industry. Booming processed food industry owing to shifting preference towards canned food products is also supporting the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of lemon extract.
Market Segmentation
The broad lemon extract market has been sub-grouped into nature, end-use and distribution channel. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Type
By Application
- Aromatherapy
- Cosmetics & Personal Care
- Food & Beverages
- Pharmaceuticals
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for lemon extract in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Lemon Extract Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the lemon extract market include McCormick & Company, Nielsen-Massey Vanillas, Inc., Döhler GmbH, Watkins Incorporated, Red Stick Spice Company, B&G Foods, Inc., Lionel Hitchen Essential Oils Ltd., The Spice Hunter, Kerry Inc., and Star Kay White Inc. The Spice Hunter, Inc. and Watkins Incorporated among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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