Orange Extract Market Forecast
Regional Forecast:
The North America orange extract market is projected to witness significant growth in the coming years. The United States and Canada are key countries driving the demand for orange extract in the region. The rising awareness regarding the health benefits of orange extract, such as its high vitamin C content and antioxidant properties, is expected to fuel market growth.
Asia Pacific:
Largest Region
North America
USD 214.2 Million in 2023
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In the Asia Pacific region, countries like China, Japan, and South Korea are showing a growing interest in orange extract. The expanding food and beverage industry, coupled with the increasing demand for natural and organic products, is boosting the market in these countries. In addition, the rising disposable income and shifting consumer preferences towards healthier options are driving the demand for orange extract in the region.
Europe:
Europe, particularly the United Kingdom, Germany, and France, is witnessing a steady growth in the orange extract market. The region has a well-established food and beverage industry, which is embracing the use of orange extract in various applications. The demand for natural and clean label ingredients is driving the market in Europe, with consumers increasingly opting for products that are free from artificial additives and preservatives. The versatile nature of orange extract makes it a popular choice among manufacturers looking to cater to this demand.
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