A recent report published by Infinium Global Research on lemon extract market provides in-depth analysis of segments and sub-segments in the global as well as regional lemon extract market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional lemon extract market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global lemon extract market. According to the report, the global lemon extract market is projected to grow at a CAGR of 5.2% over the forecast period of 2019-2025.
In 2017, McCormick & Company acquired RB Foods. McCormick & Company manufactures and distributes spices, flavorful products, condiments, and seasoning mixes to the entire food industry. While RB foods deliver great taste with the highest quality and better ingredients. The leading players in the lemon extract market are focusing on mergers, acquisitions, and new product launches to maximize their market share. Consumer preferences are shifting towards citrus flavors that contribute to the growth of the global lemon extract market.
The increasing demand for citrus and natural food flavors like lemon extract drives the growth of the lemon extract market. The growing popularity of herbal products contributes to the growth of the lemon extract market. The rising awareness about antibacterial properties of lemon extracts boosts the growth of the lemon extract market. The increasing number of food processing industries again propel the growth for the lemon extract market. In addition, the rising demand for a lemon extract from food & beverages and pharmaceutical industries fuel the growth of the lemon extract market. On the other hand, high prices of raw material and the unavailability of fresh products in the market hamper the growth of the lemon extract market. Moreover, rising investments in research and development to innovate the nutritional profile of lemon extract create novel opportunities for the growth of the lemon extract market.
Geographically, the lemon extract market is categorized into North America, Europe, Asia-pacific, and the Rest of the World. Asia-Pacific region is anticipated to have a dominant share in the global lemon extract market. The growing food and beverage industry in India and China contribute to the growth of the Asia-Pacific lemon extract market. Europe is anticipated to grow in the global lemon extract market over the forecast period. Growing preference for natural ingredient based products in the United States fuel the growth of the lemon extract market in North America.
The report on global lemon extract market covers segments such as product type, application, and distribution channel. On the basis of product type, the sub-markets include organic lemon extract, and conventional lemon extract. On the basis of application, the sub-markets include food & beverages, pharmaceuticals, cosmetics & personal care, aromatherapy, and households. On the basis of distribution channel, the sub-markets include business to business, supermarkets, specialty retails, e-commerce, and other retail formats.
The report provides profiles of the companies in the market such as McCormick & Company, Lionel Hitchen Essential Oils Ltd., Southern Flavoring Company, Inc., Nielsen-Massey Vanillas, Inc., B&G Foods, Inc., The Spice Hunter, Inc., Kerry Inc., Star Kay White Inc., Adams Flavors, Foods & Ingredients LLC, Watkins Incorporated, and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of lemon extract market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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