Citral Products Market Growth Prospects, Competitive Analysis, Trends and Forecast to 2030

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The global citral products market size was USD 408.1 Million in 2021 and is expected to register a revenue CAGR of 4.9% over the forecast period, according to the latest report by Reports and Data. The Food & Beverage industry (F&B), medical & pharmaceutical applications, cosmetics & personal care products, and an increase in demand for citral in the synthesis of vitamin A&E are some of the main reasons driving the growth of the citral products market.

The Food & Beverage industry (F&B), medical & pharmaceutical applications, cosmetics & personal care products, and an increase in demand for citral in the synthesis of vitamin A&E are some of the main reasons driving the growth of the citral products market. Citral, an aroma terpene that gives plants like lemon grass their distinctive lemon scent, is a fairly cheap molecule that is widely employed in the perfume industry to make menthol enantiomers. Lemongrass oil, verbena, lemon, and orange oils, as well as lemon myrtle, all contain citral. Aftershave, lotions, bath treatments, moisturisers, aromas and perfumes, skin care goods, and suntan creams are just a few cosmetic and personal care products that contain citral in their compositions.

Citral has demonstrated a significant potential as a new component in antiviral drugs to fulfil the unusual need for medicinal components and fragrances during the coronavirus outbreak. Natural flavouring compounds are being developed by businesses for use in a wide range of consumer items. Citral has been demonstrated in a study to have strong antibacterial activity against both gram-positive and gram-negative bacteria, as well as fungi. The study also showed that an alkaline pH was best for citral's antibacterial activity. Citral can therefore be used as a preservative in cosmetics and personal care products.

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Some Key Highlights from the Report

  • The global citral product market has been divided into vitamin A&B, menthol, lemon essence, fragrance, Food & Beverages (F&B), and other categories based on application. Over the projection period, the fragrance section is anticipated to contribute a moderate amount of revenue. This tart, lemony scent is caused by citral, a natural aldehyde present in the oils of many plants, including lemon myrtle, lemons, limes, lemon tea tree, lemongrass, lemon verbena, oranges, and petitgrain (flower of bitter orange). Citral is also used to impart a feeling of "freshness" because it is the purest form of this property and encourages the development of rose notes in soap.
  • The Asia Pacific market will have the greatest revenue share in 2021, according to regional study. This is a result of the preponderance of economically developed nations, an increase in the median income of the middle-class population, and population growth in general. In addition, during the course of the projection period, the demand for citral in the production of aroma compounds is expected to increase along with increased industrialization.
  • In terms of revenue share, North America came in second place in 2021. The rise of the citral market's revenue is anticipated to be driven by the expansion of North America's pharmaceutical and food and beverage sectors, particularly in the United States. A sizable amount of citral is traded in the United States for use in the pharmaceutical sector.
  • On June 30, 2022, Givaudan and Manus Bio announced their joint development of BioNootkatone, a sustainable, natural, and clean-label citrus flavouring component. The purpose of BioNootkatone is to be added to a variety of foods and drinks. The perfume of Givaudan's BioNootkatone is citrusy and woody. The only global commercialization rights for BioNootkatone belong to Givaudan, while all manufacturing rights are still held by Manus Bio.
  • On April 15, 2021, FreshSlice, a special, all-natural collection of citrus oils for flavours of the future, was unveiled by Firmenich, the largest privately held fragrance and flavour company in the world. At a reasonable price, FreshSlice offers unmatched juiciness, freshness, and true-to-fruit flavour.
  • Companies profiled in the market report include BASF SE, Kuraray Co., Ltd., NHU Zhejiang ICP, Takasago International Corporation, International Flavors & Fragrances Inc., Indukern, Jiangxi Global Natural Spice Co., Ltd., Focus Technology Co., Ltd., Symrise, and BERJÉ INC.

 

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For the purpose of this report, Reports and Data has segmented the global Citral products market based on Type Outlook, Application Outlook, and Region:

Type Outlook (Revenue, USD Billion; 2019-2030)

  • Organic Type
  • Synthetic Type

Application Outlook (Revenue, USD Billion; 2019-2030)

  • Vitamin A&B
  • Menthol
  • Lemon Essence
  • Fragrance
  • Others

Regional Outlook (Revenue, USD Billion; 2019-2030)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Sweden
    • BENELUX
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Israel
    • Rest of MEA

 

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