About Lemon Extract
Lemon extract is a flavoring made from lemons. It is created by soaking lemon peel in alcohol usually ethyl alcohol. This infuses the alcohol with the lemon flavor. It is mainly used in a number of recipes to give them the flavoring or aroma of the original ingredient. It has a number of applications in various industries.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Lemon Extract market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Citromax Group (United States), McCormick & Company (United States), Lionel Hitchen Limited (United Kingdom), Southern Flavoring Company (United States), Nielsen-Massey Vanillas (United States), Döhler Company (Germany), Watkins Incorporated (United States), B&G Foods (United States), The Spice Hunter (United States) and Kerry Group (Ireland) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Star Kay White Inc. (United States) and Adams Extract (United States).
Segmentation Overview
AMA Research has segmented the market of Global Lemon Extract market by Type (Organic Lemon Extract and Conventional Lemon Extract), Application (Food & Beverages, Pharmaceuticals and Cosmetics & Personal Care) and Region.
On the basis of geography, the market of Lemon Extract has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Chanel, the sub-segment i.e. Hypermarkets/Supermarkets will boost the Lemon Extract market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Shifting Consumer Preference towards Citrus Flavors
Market Growth Drivers:
Increasing Awareness among People about Healthy Lifestyle, Medical Benefits of the Lemon Extract and Increasing Demand for Natural Products
Challenges:
Non-Availability of Freshly Prepared Products Due To Limited Shelf Life
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growing Food and Beverage Industry Worldwide and Rising Demand from Pharmaceutical Industry
Market Leaders and their expansionary development strategies
In March 2019, ADM has acquired European citrus flavours supplier Erich Ziegler. The acquisition will accelerate growth opportunities while creating benefits for our customers.
In July 2021, Euromed launched of a new lemon extract ingredient called Wellemon, which contains high flavonone concentrations, to appear alongside its line of Mediterranean fruit and vegetable extracts. The new lemon-based botanical ingredient is a rich source of eriocitrin, a secondary plant substance with antioxidant and inflammatory-modulating properties similar to those observed in studies on the Mediterranean-style diet.
Key Target Audience
Lemon Extract Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.