Citrus Seeds Market Share, Size, Trends, Industry Analysis Report, By Nature (Organic and Conventional); By Application (Animal Feed, Oil Extraction, Dietary Supplements, Personal Care and Cosmetics, Household/Retail, Others); By Sales Channel; By Region; Segment Forecast, 2023-2032
- Published Date:Oct-2023
- Pages: 118
- Format: PDF
- Report ID: PM3838
- Base Year: 2022
- Historical Data: 2019-2021
The global citrus seeds market was valued at USD 4.35 billion in 2022 and is expected to grow at a CAGR of 6.7% during the forecast period.
Consumption of vital components, which are needed for controlling human metabolism and digestion, has been driven by rising consumer knowledge of food safety. Pectin has been added to several product lines in the food and beverage industry as a result of the clean label movement, which has increased consumer desire for healthy, natural foods. Due to conflicting legislation in developed nations like the U.S., certain substances cannot be used as food additives because of their danger. Citrus fruits and their by-products have gained enormous recognition as healthy, all-natural alternatives to the synthetic products now on the market as a result of years of in-depth scientific research and investigations.
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The COVID-19 pandemic led to disruptions in the supply chain of the global citrus seeds market. This disruption resulted in delays, reduced availability, and increased costs of citrus seeds. The closure of restaurants, cafes, and other food service establishments during lockdowns and social distancing measures resulted in a decline in demand for citrus seed-derived ingredients used in the food service sector. This impacted the market for citrus seeds and related products.
However, the demand for citrus seeds and citrus seed-derived products experienced fluctuations during the pandemic. While there was an initial surge in demand for citrus fruits and their by-products, including citrus seeds, as consumers sought to boost their immune systems and increase their intake of healthy ingredients, the overall demand was affected by changing consumer behaviour and market uncertainties.
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Rapid Growth of Food & Beverages Industry
Ever expanding food and beverages industry is one of the prominent factors dynamically helping the citrus seeds market to broaden its global revenue. The food and beverage industry is witnessing continuous growth, with a rising demand for innovative and healthy ingredients. For example, in January 2020, the taste and nutrition firm Kerry, based in Ireland, recently announced the introduction of an improved citrus extract technology known as "New! Citrus Extract" that may be marketed as a natural extract and delivers flavours similar to traditional natural citrus. The extraction technology can be used to make a wide range of citrus fruits into a variety of beverages. Various food and beverage applications, such as flavourings, seasonings, oils, and extracts are contributing to the growth of the global market.
Augmenting demand for citrus fruits is another factor significantly helping the market to grow. Citrus fruits are widely consumed due to their nutritional value and health benefits, leading to increased cultivation and production of citrus crops.
- For instance, the predicted 5 percent decrease in global orange production for 2022–2023 to 47.5 million tonnes is due to lower production in the European Union and the United States, which is only slightly offset by a greater harvest in Egypt.
As a result, the growing global demand for citrus fruits, such as oranges, lemons, and grapefruits, directly drives the demand for citrus seeds.
The market is primarily segmented based on nature, application, sales channel, and region.
By Sales Channel
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By Nature Analysis
Organic segment is dominating the market in 2022
In fiscal year 2022, the organic segment is anticipated to record the largest market share. There is a growing consumer preference for organic products due to concerns about pesticide residues, environmental sustainability, and health benefits. Consumers are willing to pay a premium for organic citrus seeds that are grown without the use of synthetic pesticides, fertilizers, or genetically modified organisms. For instance, in January 2023, the Citri-Fi 400 series, a line of organic citrus fibres, has been introduced by Fiberstar, Inc. In response to the rising demand for natural, eco-friendly, and organic food ingredients, a new product line has been created. The organic segment caters to this increasing demand for organic citrus seeds. This type of citrus seeds is perceived to be healthier and more environmentally friendly compared to conventionally grown seeds.
By Application Analysis
Oil extraction application segment is dominating the global market
Oil extraction application is expected to account the largest market share as citrus seeds are rich in essential oils that are extracted through various methods, such as cold pressing and steam distillation. These essential oils, including orange, lemon, and grapefruit oils, are widely used in the food and beverage, fragrance, cosmetics, and pharmaceutical industries. The oil extraction application caters to the high demand for citrus essential oils, which drives its dominance in the market.
Moreover, citrus essential oils extracted from citrus seeds have a wide range of applications. They are used as flavouring agents in food and beverages, as fragrance ingredients in perfumes and personal care products, and as active ingredients in natural remedies and therapeutic products. The versatility of citrus essential oils makes the oil extraction application highly sought after in the market. Citrus essential oils derived from citrus seeds align with this preference, as they are natural, plant-based, and renewable. Consumers are increasingly seeking natural and sustainable ingredients in their products which further enhance the importance of segment and bring significant share of the global revenue.
By Sales Channel Analysis
Direct or B2B segment held largest share of the global revenue in 2022
Citrus seed suppliers often have direct relationships with businesses in various industries, such as food and beverage, fragrance, cosmetics, and pharmaceuticals. Direct sales allow suppliers to establish personal connections, build trust, and understand the specific needs of their customers. B2B sales enable suppliers to provide customized solutions and maintain long-term partnerships with buyers, leading to a dominant position in the market. Further, citrus seed buyers, particularly in industries such as food and beverage, often require large volumes of seeds for their manufacturing processes. Direct sales facilitate the handling of bulk orders, as suppliers can efficiently manage the logistics and supply chain to meet the demands of their B2B customers.
North America is accounting the largest share in the global market in 2022
In the fiscal year 2022, North America is expected to lead the global market share. This is attributed to the various factors such as growing advancements in the citrus seed, presence of various major industry participants, and many other factors. Primarily, there is an increasing consumer preference for natural and sustainable ingredients in various industries, including food, cosmetics, and pharmaceuticals. Health consciousness among population has increased due to awareness regarding healthy lifestyles.
Asia Pacific is the fastest growing region in the global market during the assessment years. Increasing awareness of health and wellness is one of the important aspects responsible for the growth of market in the market. Importance of healthy food consumption has created positive impact among a huge population.
- For instance, India has the fastest-growing market for healthy foods. By CY2026, it is anticipated that sales of foods and beverages with a health focus will increase to 16%, or USD 30 billion.
Citrus fruits are known for their high content of vitamin C, antioxidants, and other beneficial compounds that support immune health, skin health, and overall well-being. The rising consumer awareness and preference for healthy and natural products contribute to the demand for citrus seeds and their derivatives.
Key Market Players & Competitive Insights
Key players in the market are constantly upgrading their technologies to stay ahead of the competition and to ensure efficiency, integrity, and safety. These players focus on partnership, product upgrades, and collaboration to gain a competitive edge over their peers and capture a significant market share
The global citrus seeds market involves
- Lemon Concentrate
- Louis Dreyfus Company
- Panteley Toshev
- Parchem Trading
- Sucocitrico Cutrale
- Vita-Pakt Citrus Products
- In March 2022, Citrus waste reportedly contains significant bioactive components and phytochemicals that can be employed in perfumes and cosmetics, according to numerous researchers. Indian researchers describe numerous upcycling possibilities for the industrial use of citrus pomace, seeds, & peels.
Citrus Seeds Market Report Scope
Market size value in 2023
USD 4.64 billion
Revenue forecast in 2032
USD 8.30 billion
6.7% from 2023 – 2032
Revenue in USD billion and CAGR from 2023 to 2032
By Nature, By Application, By Sales Channel, By Region
North America, Europe, Asia Pacific, Latin America; Middle East & Africa
Report customization as per your requirements with respect to countries, region and segmentation.
The global citrus seeds market size is expected to reach USD 8.3 billion by 2032.
Key players in the market are Louis Dreyfus Company, Parchem Trading, Vita-Pakt Citrus Products.
North America contribute notably towards the global genealogy products & services market.
The global citrus seeds market is expected to grow at a CAGR of 6.7% during the forecast period.
The citrus seeds market report covering key segments are nature, application, sales channel, and region.