The citrus seeds market is registering increasing demand from various industries. The rising demand for use of natural ingredients in food products and cosmetics & personal care items is expected to create growth opportunities. As per Future Market Insights (FMI), these developments have encouraged key players in the food sector to launch novel products that offer nutritional benefits and are available in various flavors. Driven by this, the citrus seeds market is expected Citrus seeds are plant-derived and are very helpful for people who suffer from digestion disorders, gut issues and obesity problems, as they help in increasing the metabolic rate of the body.
FMI expects the global citrus seeds market to grow at 6.3% CAGR through 2021- 2031.
The demand for chemical-free cosmetics and skin care products is rising due to the increasing cases of skin disorders. Therefore, consumers are looking for products which are naturally derived and do not cause any allergic reactions to the skin.
Vitamin C being a widely used ingredient in skin care treatments is increasing the demand for citrus seeds. The use of fruits in skin care regime is increasing. Citrus seeds have certain components that help in skin renewal by repairing the tissue that is the outer layer of the skin. The increasing use of citrus seeds as an ingredient in skincare products will create opportunities for growth in the coming years.
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Key Takeaways from Citrus Seeds Market
- Citrus seeds market is expected to exhibit 6.4% CAGR in the forecast period in terms of value
- Brazil will emerge as a key market for citrus seeds sales within Latin America
- Rising demand for dietary supplements will be a chief driver in the U.S., which is expected to account for above 70% sales in North America
- Expansion of the personal care sector will drive y-o-y growth in the U.K. at 5.7% CAGR
- China’s bustling food industry and focus on healthy eating will offer lucrative scope for the expansion of the market.
Shift of Citrus Seeds from By-Product to Co-Product
Citrus seeds were previously a by-product of the citrus industry. Citrus seeds obtained from processing were thrown away as they were earlier considered to be the waste material. But research and technological developments have resulted in the citrus seeds being known to be an important ingredient in various industries. Citrus seeds have become co-products which are developed along with other citrus products either by the same company, or sold to other companies on a large scale for various end-use applications.
Strong Distribution Network of Leading Manufacturers
Manufacturers of citrus seeds are increasing their consumer base by expanding to developing countries. For this, they need a strong network with the distributors and suppliers of their products. These manufacturers are increasing their distribution network as well. But this is being carried out mainly by the leading manufacturers in this industry and distribution is completely handled by the distributor with which they are in partnership with. Either the company goes in partnership with a single distributor which is responsible for distributing its products to all the regions, or else the company goes into partnership with different distributors for different regions.
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Who is winning?
Some of the key players operating in the citrus seeds market are Citrosuco S.A., Louis Dreyfus Company B.V., Yantai North Andre Juice Co. Ltd., Sucocitrico Cutrale Ltd., Citromax Group,Presque Isle Wine Cellars Peace River Citrus Products, Parchem Trading Ltd, Rio Grande Juice Company, Vita-Pakt Citrus Products, Panteley Toshev Ltd, Tangshan Eusa Colors Int’l Group and Lemon Concentrate S.L.
Citrus Seeds Market by category
By Nature
- Organic
- Conventional
By Application
- Animal Feed
- Oil Extraction
- Dietary Supplements
- Personal Care and Cosmetics
- Household/Retail
- Others
By Sales Channel
- Direct/B2B
- Modern Trade
- Specialty Store
- Online Retailers
- Other Sales Channels
By Region
- North America
- Latin America
- Europe
- Japan
- APEJ
- Middle East and Africa (MEA)
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Key Questions Answered in the Report
- Which is the Most Lucrative Citrus Seeds Market?
Latin America currently leads the global market for citrus seeds. Sales in Latin America are expected to be over 25% of total global demand throughout the forecast period.
- Which Is The Preferred Nature Of Citrus Seeds?
Conventional citrus seeds are expected to be the preferred segment in the global citrus seeds market, accounting for a share of more than three quarters. Conventional methods have standardized formats which ensure low cost of production as well as minimum wastage.
- Which is the Key Application of Citrus Seeds?
Oil extraction processing has emerged as the key application in the citrus seeds market. It is expected to grow at a CAGR of 5.7% between 2021 and 2031. This is owing to the reason that large demographics are now conscious of health and are taking supplements for enhancing performance and endurance.
- Which Are Some Of The Leading Companies Offering Citrus Seed Products?
Some of the leading companies offering dairy alternative are Lemon Concentrate S.L., Citrosuco S.A., Louis Dreyfus Company B.V., Yantai North Andre Juice Co. Ltd., Sucocitrico Cutrale Ltd., Citromax Group, Peace River Citrus Products, Rio Grande Juice Company, Vita-Pakt Citrus Products, Panteley Toshev Ltd, Tangshan Eusa Colors Int’l Group(EUSA COLORS), Presque Isle Wine Cellars, Parchem Trading Ltd and others.
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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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