Global Lemon Extract Market
Global Lemon Extract Market was valued at US$ XX Mn in 2019 and is expected to reach US$ XX Mn by 2027, at a CAGR of XX % during a forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Lemon Extract Market
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Global Lemon Extract Market Dynamics
The rise in demand for citrus and natural food flavors like lemon extract, especially seen in emerging economies such as India and Japan. A growing number of food processing industries is booming the global lemon extract market growth positively. The global lemon extract market is witnessing vibrant growth owing to consumer preference shifting towards citrus flavors across the globe. Increased demand from the various end-use industries such as food & beverages and pharmaceutical industries. Growing awareness regarding properties of lemon extracts such as antibacterial is fuelling the global lemon extract market growth. Increased investments in R&D by key players to enhance the innovative dietary and multifunctional profile of lemon extract.
Segment Analysis of the Global Lemon Extract Market
Based on nature, the organic segment is expected to hold the largest share in the global lemon extract market during the forecast period owing to the rising consumption of organic products among consumers across the globe. The rise in the popularity of herbal products, which is expected to drive the global extract market growth in a positive way. On the basis of application, the food & beverages segment is estimated to hold the largest share in the global lemon extract market during the forecast period due to the rising expansion of the food & beverages industry across the globe. In addition, increased experimentation in the food & beverages industry is expected to propel the global extract market growth in the forecast period. The pharmaceutical industry is also estimated to generate the highest CAGR in the market during the forecast period.
Regional Insights of the Global Lemon Extract Market
In terms of region, the Asia Pacific is expected to show the largest share in the market owing to consumers' highly preferred lemon extract as a flavoring over another citrus in the region. Growing consumer inclination towards natural perfumes and detoxifying cleaners and sanitizers is expected to propel the global lemon extract market growth during the forecast period. India and China are expected to boost the global lemon extracts market in this region owing to the rising expansion of the food & beverages industries. In addition, the rise in awareness regarding the benefits of lemon extracts among consumers. North America is expected to generate the highest CAGR in the market during the forecast period.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding Lemon Extract Market dynamics, structure by identifying and analyzing the market segments and project the global market size.
Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence.
Scope of the Report Lemon Extract Market: Inquire before buying
Global Lemon Extract Market, by Nature
• Organic
• Conventional
Global Lemon Extract Market, by Application
• Food & Beverages
• Pharmaceuticals
• Aromatherapy
• Cosmetics & Personal Care
• Others
Global Lemon Extract Market, by Distribution Channel
• B2B
• Hypermarkets/Supermarkets
• Specialty Retail
• E-commerce
• Others
Global Lemon Extract Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Lemon Extract
• Döhler GmbH
• Watkins Incorporated
• Red Stick Spice Company
• Bakto Flavors, LLC
• B&G Foods, Inc.
• The Spice Hunter, Inc.
• Lochhead Manufacturing Company
• McCormick & Company
• Lionel Hitchen Essential Oils Ltd.
• Southern Flavoring Company, Inc.
• Nielsen-Massey Vanillas, Inc.
• Kerry Inc.
• Star Kay White Inc.
• Adams Flavors
• Foods & Ingredients LLC
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