Orange Peel Extract contains citrus so orange is one of the most important commercial fruit across the globe. Orange peels are considered as rich source of essential oils which are used since ancient times as flavouring agents for preparation of foods. Other than this orange peel extracts are also being used as natural pigments and an effective source of colorants thus substituting synthetic pigments currently available in the market. Global Orange Peel Extract market was valued, in 2017 USD XX million and in 2024 is expected to reach at USD XX million with growing CAGR of XX%.
The global Orange Peel Extract market is growing due to increasing acceptance of orange peel extracts in developed countries such as America and Western Europe attributed to its popularity as a powerful source of vitamins and flavonoids is pouring the orange peel extract market over the forecast period. Additionally, demand for cosmetic products including of more natural organic ingredients is driving the market for orange peel extract market.
Also growing demand for functional foods products translating into increasing market for hyrdro colloids and rising application in cosmetic and pharmaceutical industry is expected to contribute towards market growth of orange peel extracts market. Besides its application as natural texturizer for ointments, oils and creams and as an superior thickener and stabilizer for shampoos, lotions and hair tonics, pectin is also used as an effective skin anti-aging agent.
Orange Peel Extract market consist of various players, few key players of the market are Beacon Commodities, Denk Ingredients, Plant Extracts International Inc., MB-Holding GmbH & Co.KG among others.
The Orange Peel Extract market is classified into distribution channel, application and region. Based on the distribution channel the Orange Peel Extract market is bifurcated into segmented into retail stores, hypermarkets/supermarkets, online retail, specialty stores and other retail formats. Moreover, on the basis of application the Orange Peel Extract market is classified into food and beverages industry, pharmaceutical industry and cosmetic industry.
Additional, Based on the region the market is classified into North America, Europe, APAC, Latin America and Middle East & Africa. In the forecast period North America and Europe are expected to hold most of the market share.
Market segmented based on medium of product type:
• Retail stores
• Specialty stores
• Online retail
• Other retail formats
Market segmented based on medium of application:
• Food and beverages industry
• Pharmaceutical industry
• Cosmetic industry
Market segmented based on region:
• North America
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Rest of Latin America
• Middle East and Africa (MEA)
• South Africa
• Saudi Arabia
• Rest of MEA