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Citrus Flavors Market to Reach US$ 1.4 Bn by 2030; Demand Gradually Increasing After Initial Setbacks Due to COVID-19 Outbreak - Persistence Market Research


NEW YORK, Jan. 19, 2021 /PRNewswire/ -- Citrus flavors are one of the most significant products used in the food & beverage industry. In the beverage industry, non-alcoholic beverages, alcoholic beverages, soft drinks, and instant beverages are major segments that account for higher demand, followed by other beverage products. Demand for citrus flavors is expected to increase from alcoholic beverage manufacturers, owing to rising demand for exotic and adventurous tastes from consumers. Citrus is also widely used in numerous food products, not just for its refreshing taste, but also due to the fact that it is abundant in vitamins and nutrition.

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Taking all these factors into consideration, Persistence Market Research has analyzed that, the global citrus flavors market is expected to witness growth at a significant CAGR of approximately 5% through 2030.

Key Takeaways from Citrus Flavors Market Study

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"The citrus flavors industry is expected to witness highest growth in the region of Asia Pacific, due to high number of emerging nations in this region. Countries such as China, India, Indonesia, Thailand, Malaysia, and many others are fastest-growing economies based on population as well as economy. Key players functioning in the citrus flavors market can target this region for increased sales and profits," says a Persistence Market Research analyst.

Global Citrus Flavors Market: Competitive Landscape

Key players functioning in the global citrus flavors market are investing huge amounts in research & development, and focusing on the expansion of their product portfolios to cater to increasing demand for natural flavors and fragrances.

Apart from this, key players engaged in the production of citrus flavors are focusing on the expansion strategy to achieve faster growth, have greater impact, and occupy larger market share. These players are adopting traditional competitive strategies such as partnerships/acquisitions, mergers, and expansion to improve current operations.


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Explore More Valuable Insights on Citrus Flavors Market

Persistence Market Research, in its new report, offers an impartial analysis of the global citrus flavors market, presenting historical data (2015-2019) and estimation statistics for the period of 2020-2030. The study offers compelling insights on the citrus flavors market based on type (orange, lemon, lime, grapefruit, others), nature (natural, artificial), and application (beverages, savory, sweet goods, dairy and others), across seven regions.

Browse Research Release at: https://www.persistencemarketresearch.com/market-research/citrus-flavors-market.asp

Browse End-to-end Market: Food and Beverages 

Related Reports:

Vegan Flavors Market:

https://www.persistencemarketresearch.com/market-research/vegan-flavors-market.asp 

Global Herbs Flavor Market:

https://www.persistencemarketresearch.com/market-research/global-herbs-flavor-market.asp  

About Persistence Market Research 

Overview:

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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