Market Research Future (Food and Beverages) Orange Extract Market Research Report | Page 4

Orange Extract Market Research Report – Global Forecast till 2023
3 Pages
Segments
The global orange extract market has been divided, by category, into organic and conventional. The conventional
segment is expected to dominate the global orange extract market during the forecast period. Oranges are widely
grown in the conventional form due to the ease in bulk farming and the high profit margins. Moreover, easy availability
of conventionally grown citrus fruits and their reasonable price are driving the demand for conventional orange
extract. However, growing health concerns caused by the harmful chemicals used in the cultivation of oranges is
fuelling the growth of the organic segment. The segment is expected to register the higher CAGR during the
assessment period since health-conscious consumers prefer organic products including extracts.
By application, the global orange extract market has been divided into food & beverage, personal care products,
pharmaceuticals, and others. The food & beverage segment is expected to dominate the market in 2017 and grow
at the fastest rate during the forecast period. The growing use of orange extract to add flavor to confectionery and
bakery products, sherbets, and ices is driving the growth of the segment. Furthermore, orange oil extract aids in the
prevention and treatment of skin diseases, acne, and stomach ache.
Intended Audience
Orange extract producers
Commercial research and development institutions
Raw material suppliers and distributors
Agricultural associations and farmers
Traders, exporters, and importers
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