According to Stratistics MRC, the Global Lemon Extract is accounted for CAGR of 5.5% during the forecast period. Increase in demand for citrus flavours and natural food additives and rising prevalence for the citric fruit in home care products are the key driving factors for the market growth. However, high price of the raw material and unavailability of fresh products in market are some of the factors hindering the market growth.
Lemon extract is processed from lemon peel oil, high concentration of critic acid and vitamin C in lemon extract replenishes dead skin cells and enhances healthy glowing skin, which has enabled its application in formulating products such as face washes, facial masks, moisturizers, and others. The global lemon extract market is predicted to experience positive growth in future. Natural ingredients such as lemon extract are gaining greater traction across the world, due to the growing consumer preference for convenient, as a flavouring agent, harmless, and natural alternatives to synthetic formulations.
By Nature, the market is segmented into conventional lemon extract and organic lemon extract. Organic lemon extract is made by carefully extracting from perfectly ripe lemons. The aroma is full and complex. The flavour is bold and pure; not at all sour because lemon extract is made using the flavour-packed oil from lemon, not the juice. This lemon flavouring for baking is often used in cakes, muffins, frostings, and pies. By geography, the increasing demand for refreshments and beverages in the regions of Latin America and Western Europe is expected to create fundamental open doors for dynamic players in the global lemon extract market. Consistent rise in the demand for nutraceutical with characteristic fixings and citrus flavours is additionally expected to result in the favorable growth of the lemon extract market.
Some of the key players profiled in the Lemon Extract include Watkins Incorporated, The Spice Hunter Inc, Star Kay White Inc, Southern Flavoring Company Inc , Red Stick Spice Company, Nielsen-Massey Vanillas Inc, McCormick & Company, Lochhead Manufacturing Company, Lionel Hitchen Essential Oils Ltd, Kerry Inc , Foods & Ingredients LLC, Dohler GmbH, Bakto Flavors LLC, B&G Foods Inc and Adams Flavors.
Distribution Channels Covered:
• Business to Business
• Specialty Retailers
• Other Retailers
• Conventional Lemon Extract
• Organic Lemon Extract
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