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Global Citral Market Size By Source, By Application, By End Use Industry, By Geographic Scope And Forecast


Published on: 2024-08-08 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Citral Market Size By Source, By Application, By End Use Industry, By Geographic Scope And Forecast

Citral Market Size And Forecast

Citral Market size was valued at USD 464.2 Million in 2023 and is projected to reach USD 619.45 Million by 2030, growing at a CAGR of 4.3% during the forecast period 2024-2030.

Global Citral Market Drivers

The growth and development of the Citral Market are attributed to certain main market drivers. These factors have a big impact on how Citral is demanded and adopted in different sectors. Several of the major market forces are as follows

  • Flavor and scent Industry The food and beverage, cosmetic, and personal care industries all employ citral extensively as a flavor and scent ingredient. The citral market may be driven by consumer demand for natural flavors and perfumes.
  • Growing Consumer Preference for Natural Products The market for natural ingredients like citral has grown as a result of the movement toward natural and plant-based products in a variety of consumer goods, including foods, drinks, and personal care products.
  • Growing Food and Beverage Sector The food and beverage sector uses citral as a flavoring agent. Citral is in demand due to the industry’s growth, which is being fueled by new product releases and shifting consumer tastes.
  • Growing Interest in Aromatherapy Citral is utilized in essential oils for its zesty aroma and has aromatherapeutic qualities. The market for citral is driven by the growing popularity of aromatherapy and natural scents.
  • Cosmetics and Personal Care Goods Because of its pleasant scent, citral is utilized in the manufacture of cosmetics, fragrances, and personal care goods. The demand for citral is influenced by the expansion of the cosmetics sector.
  • Pharmaceutical Applications Citral’s antibacterial and anti-inflammatory qualities are used in the pharmaceutical sector. It might be used in the creation of medicinal items, fostering the expansion of the market.
  • Usage in Insecticides and Repellents Citral is an essential component of insecticides and repellents due to its inherent ability to repel insects. Citral’s demand in this market may increase as natural pest management becomes more popular.
  • Growing Knowledge of Health Benefits Citral has anti-inflammatory and antioxidant qualities, among other health benefits. Its incorporation into wellness and health goods may be influenced by growing consumer knowledge of these health advantages.
  • Growth of the Market for Essential Oils  A key ingredient in essential oils like lemon and lemongrass oil is citral. Citral is in demand due to the growth of the essential oils market, which is fueled by its application in aromatherapy and natural products.
  • Research and Development Activities Continual efforts to find new uses and advantages for citral across a range of sectors can spur innovation and market growth.

Global Citral Market Restraints

The Citral Market has a lot of room to grow, but there are several industry limitations that could make it harder for it to do so. It’s imperative that industry stakeholders comprehend these difficulties. Among the significant market limitations are

  • Supply Chain interruptions Citral’s availability and cost may be affected by any supply chain interruptions, such as difficulties obtaining raw materials or problems with transportation.
  • Variable Raw Material Prices Citral comes from natural sources like lemongrass and lemon oils. Price fluctuations for these raw materials may have an impact on citral’s production costs and, consequently, its market price.
  • Seasonal Variability The principal source of citral is citrus fruit, and its seasonality might cause changes in raw material availability, which could have an impact on market stability.
  • Strict Regulatory Compliance Citral use in many industries may be subject to strict regulatory requirements and compliance standards. Manufacturers may face difficulties in meeting these criteria, which could affect their access to markets.
  • Competition from Synthetic Alternatives Synthetic citral substitutes could present a threat, particularly in sectors where cost is a major factor. To cut expenses on production, certain businesses could choose to use synthetic versions.
  • Limited Extraction Efficiency The yield and efficiency of citral extraction from natural sources may be constrained. It can be difficult to improve extraction technologies in order to increase efficiency.
  • Fluctuating Consumer tastes The market for items containing citral may be impacted by shifts in consumer trends and tastes. Market demand may change if zesty flavors or perfumes become less popular.
  • COVID-19 Pandemic Impact The ongoing COVID-19 pandemic has caused supply networks and economic activity around the world to become disrupted. The challenges associated with the pandemic may have an impact on citral production, distribution, and demand.
  • Environmental Concerns The perception of citrus’s sustainability and market demand can be impacted by environmental issues associated with agricultural methods, such as the use of pesticides in citrus growing.
  • Limited Applications Citral’s uses may be restricted to specific industries, and expanding its application may prove difficult. For the market to flourish, the range of applications must be expanded.

Global Citral Market Segmentation Analysis

The Global Citral Market is Segmented on the basis of Source, Application, End Use Industry, And Geography.

Citral Market, By Source

  • Organic Citral Derived from citrus fruits, including oranges, lemons, and limes.
  • Lemongrass OilProduced from plants with lemongrass.
  • Synthetic Citral Citral that has been chemically produced.

Citral Market, By Application

  • Flavoring Agent A substance used to improve flavor in food and drink products.
  • Pharmaceuticals Applied in pharmaceutical applications because of its antibacterial and anti-inflammatory characteristics.
  • Aromatherapy When using essential oils, they contain aromatherapy ingredients.
  • Insecticides and Repellents Insecticides and insect repellents are made with this ingredient.
  • Cosmetics and Personal Care Added for its pleasing scent to cosmetics and personal care items.
  • Other Tailored applications across multiple sectors.

Citral Market, By End Use Industry

  • Food and Beverage Sector Citral is utilized as a flavoring additive in confections, beverages, and other food items.
  • Personal Care and Cosmetics Consists of shampoos, lotions, perfumes, and other goods.
  • Pharmaceutical Industry Utilizing the therapeutic qualities of citral in pharmaceutical applications.
  • Wellness and Aromatherapy Citral is a component of essential oils used in wellness and aromatherapy products.
  • Agrochemicals In the agricultural industry, these substances are used to formulate pesticides and repellents.
  • Chemical Industry Participates in a range of chemical reactions.
  • Additional Tailored applications across several sectors.

Citral Market, By Geography

  • North America Country-specific preferences and market circumstances.
  • Europe Regulatory frameworks and other market-related considerations.
  • Asia-Pacific The Asia-Pacific region is known for its distinct market dynamics and preferences.
  • Latin America Elements impacting the markets in the countries of Central and South America.
  • Africa and the Middle East Demands and market trends unique to these two regions.

Key Players

The major players in the Citral Market are

  • BASF SE (Germany)
  • Kuraray Co., Ltd. (Japan)
  • Rajkeerth Aromatics and Biotech (India)
  • Jiangxi Global Natural Spices Co., Ltd. (China)
  • Yongzhou Samshiang (China)
  • Zhejiang NHU Zhejiang NHU Pharmaceutical Co., Ltd. (China)
  • Industrial and Fine Chemicals Co., Ltd. (China)
  • Kalpsutra Chemicals (India)

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

BASF SE (Germany), Kuraray Co., Ltd. (Japan), Rajkeerth Aromatics and Biotech (India), Jiangxi Global Natural Spices Co., Ltd. (China), Yongzhou Samshiang (China)

SEGMENTS COVERED

By Source, By Application, By End Use Industry, And By Geography

CUSTOMIZATION SCOPE

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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