The fruit extracts market, as detailed by Meticulous Research®, is projected to achieve $31.11 billion by 2031, growing at a 7% CAGR from 2024. Factors driving this growth include increased consumer interest in health and wellness, a preference for natural and plant-based ingredients, and expanded use in cosmetics. Despite opportunities in emerging economies, challenges like high production costs and competition from artificial flavors persist. The market is segmented into sources like citrus fruits and berries, forms such as powder and liquid, and applications including beverages, food, nutraceuticals, and cosmetics. North America will dominate the market, with Asia-Pacific anticipated to grow the fastest.
Key Players The key players operating in the fruit extracts market are Kerry Group plc (Ireland), Givaudan SA (Switzerland), Symrise AG (Germany), DSM-Firmenich AG (Switzerland), Archer-Daniels-Midland Company (U.S.), Döhler GmbH (Germany), International Flavors & Fragrances, Inc. (U.S.), New Directions Aromatics (Canada), Synergy Flavors, Inc. (U.S.), and Ingredion, Incorporated (U.S.).
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Key Questions Answered in the Report-
• What is the current revenue generated by fruit extracts globally?
• At what rate is the global fruit extract demand projected to grow for the next 5–7 years?
• What are the historical market sizes and growth rates of the global fruit extracts market?
• What are the major factors impacting the growth of this market at the regional and country levels? What are the major opportunities for existing players and new entrants in the market?
• Which segments in terms of source, form, and application are expected to create major traction for the manufacturers in this market?
• What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the global fruit extracts market?
• Who are the major players in the global fruit extracts market? What are their specific product offerings in this market?
• What are the recent strategic developments in the global fruit extracts market? What are the impacts of these strategic developments on the market?
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