Citrus Extracts Market To Witness A Significant Growth Of USD 10,437.1 Million By 2030
San Francisco, 8 Feb 2023: The Report Citrus Extracts Market Size, Share & Trends Analysis Report By Type (Orange, Lemon, Grapefruit), By Application (Carbonated Soft Drinks, Food), By Region, And Segment Forecasts, 2022 - 2030 The global citrus extracts market size is expected to reach USD 10,437.1 million by 2030, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.1% from 2022 to 2030. The industry growth is majorly driven by increasing product use in a variety of applications including beverages, food, and personal care and cosmetics, and pharmaceuticals. Citrus is one of the leading flavors in new launches most specifically in beverage items. In 2017 around 45-47% of flavored water drinks contained citrus extracts for flavoring. In addition to this, in the same year citrus was incorporated in 34% of carbonated soft drinks, 38% of energy and sports drinks, 29% of iced teas, 30% of flavored alcoholic beverages, and 26% of juice