The market for citrus seeds worldwide was projected to reach US$4.32 billion in 2022. Sales are expected to reach $8.9 billion by 2033 thanks to consumer preference for healthy and natural components, which will result in a 6.8% CAGR from 2023 to 2033.
Citrus seeds are used far less frequently than they are generated. The demand-supply imbalance should be reduced by research on the many uses of citrus seeds, particularly in the food and beverage sector. According to FMI predictions, the market for citrus seeds would expand at a significant CAGR due to the rising demand for these derivatives in a variety of applications.
Citrus seeds are recognized for having anti-inflammatory characteristics that support healthy scalp maintenance and give hair a natural sheen and structure. Products made from citrus seeds are beneficial for revitalizing the scalp since they fight dandruff as well as sebaceous dermatitis and, in the end, stimulate the hair follicles to encourage the formation of new hair. Climate change has resulted in significant alterations to the skin’s sensitivity and propensity for disease outbreaks.
The usage of citrus seed products aids in moisturizing the skin by replenishing moisture and enhancing the skin’s healthy shine. The market for citrus seeds is expected to benefit from the rapid increase in the usage of citrus seeds in cosmetology as well as personal care products from 2023 to 2033.
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Key Takeaways from the Market Study
- Sales of citrus seeds increased at a 4.2% CAGR between 2018 and 2022.
- In 2022, the conventional category had a 74% market share advantage over the organic segment.
- Oil extraction is the most common use and in 2022, oil extraction held a 62.5% market share.
- Direct B2B industry is estimated to hold a significant market share of 67.1% in 2022.
- By 2033, India will control more than 26.2% of the market in Asia-Pacific outside of Japan.
- In 2022, the US held a 73.5% market share in North America.
“The worldwide citrus seeds market is expanding as a result of customers, who are looking for products that are manufactured organically and don’t cause skin allergies as a consequence, which is increasing demand for skin care and cosmetics products free of chemicals.” remarks an FMI analyst.
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Competitive Landscape
Market players are extending their manufacturing facilities to increase production volumes. Businesses of all kinds must constantly evolve technologically to compete in this cutthroat climate, thus frequent machinery upgrades are carried out to boost productivity. Adopting modern, cutting-edge marketing techniques to promote the products—such as eco-friendly packaging and biodegradable packets—will guarantee a favorable perception in the eyes of the public and will also place the goods in an advantageous position for success.
Prominent players in the citrus seeds market 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.
Some key developments of the leading companies in this market are:
- Yantai North Andre Juice Co.,Ltd. is a renowned company in this market that makes concentrated fruit juice drinks. Juice purees, vegetable juices, fruit juices, compound fruit as well as vegetable juices, and other goods are produced by the company. Yantai North Andre Juice distributes its goods around the world, including in Asia, Europe, and North America.
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Key Segments Profiled in the Global citrus seeds market
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
- Asia Pacific
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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