Lemon extract is prepared from the lemon peel with an adequate amount of alcohol. Alcohol is used to maintain the fragrance of lemon throughout the whole process. Lemon extract has a high concentration of vitamin C and citric acid. Natural ingredients like lemon extract are gaining high exposure globally. Lemon extract is a widely used flavoring agent owing to the fact that they are a harmless natural substitute for synthetic formulations. These extracts are obtained from conventional lemon and organic lemon. Organic lemon extract products are chemical-free and natural. Apart from Vitamin C, the extract also contains iron, potassium, calcium, and other trace elements. It has low water content when compared to lemon juice. These extracts work as a stress reducer, natural cleanser, balances pH level, encourages digestion, helps in weight loss, and prevents cancer.
The global lemon extract market is likely to experience exponential growth due to the surging demand for natural food additives in citrus flavor globally. Also, the growing number of food processing industries for citric flavors like lemon extract is posing huge growth opportunities in the global lemon extract market. Also, the growing awareness among the population regarding the advantages associated with the lemon extracts like antibacterial properties and several other medical benefits like healing properties will further accentuating the market growth. In addition, the launch of new citrus flavor products like essential oils, lemon extracts, and others are also contributing towards fueling their demand globally. The outbreak of the Covid-19 pandemic has positively affected the growth of the global market. The lemon extract helps in treating several diseases and thereby people are including these extract products in their daily lives.
The global lemon extract market segment into the distribution channel, application, product, and region.
By distribution channel, the market can be segmented into supermarkets, e-commerce, and others.
By applications, the market can be segmented into the cosmetic sector, pharmaceutical sector, and food & beverage sector. The food & beverages segment is likely to register the highest growth in the global market due to the growing need for citrus ingredients in the food & beverage sector along with growing awareness among fitness enthusiasts.
By product, the market can be segmented into conventional and organic products. The conventional segment accounts for the largest share in the global market due to the easy preparation process and low cost.
North America accounts for the largest share in the global lemon extract market due to the growing concerns of citrus-based products like lemon extract in the region. Also, the growing product innovations and advancements in technology are likely to further propel the growth of the regional market.
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Asia Pacific is expected to be the fastest-growing region in the global market due to the growing living standards of the people. Also, the high prevalence of chronic diseases in the region will also induce people to adopt these health-boosting products the region.
Some of the significant players in the global lemon extract market are Star Kay White Inc., Kerry Inc., The Spice Hunter, Lionel Hitchen Essential Oils Ltd., B&G Foods, Inc., Red Stick Spice Company, Watkins Incorporated, Döhler GmbH, Nielsen-Massey Vanillas, Inc., and McCormick & Company. To cite, Archer Daniels Midland (ADM) in March 2019 acquired Ziegler Group in order to improve its productivity.
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