Meticulous Research®, a renowned global leader in market research, has recently unveiled its latest research report titled "Fruit Extracts Market by Source (Citrus Fruits, Apples, Pineapples, Grapes, Pears, Berries), Form (Powder, Liquid), Application (Beverages, Food, Nutraceuticals, Cosmetics) - Global Forecast to 2031."
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According to this groundbreaking publication from Meticulous Research®, the fruit extracts market is poised for extraordinary growth, with a projected Compound Annual Growth Rate (CAGR) of 7% from 2024 to 2031, reaching a staggering value of $31.11 billion by 2031. This forecast underscores the market's immense potential, driven by a multitude of factors fueling the demand for natural and plant-based ingredients across various industries.
Key Insights:
The growth of the fruit extracts market is propelled by:
• Increasing health and wellness trends
• Growing demand for natural and plant-based ingredients
• Rising applications of fruit extracts in cosmetic products
• Heightened awareness regarding the benefits of natural fruit extracts over synthetic products
Furthermore, emerging economies and the escalating demand for clean-label products present lucrative growth opportunities for fruit extract manufacturers. However, challenges such as the preference for artificial flavors and high production costs pose constraints to market expansion.
Leading Players:
Prominent players shaping the landscape of the fruit extracts market include:
• Kerry Group plc (Ireland)
• Givaudan SA (Switzerland)
• Symrise AG (Germany)
• DSM-Firmenich AG (Switzerland)
• Archer-Daniels-Midland Company (U.S.)
• Döhler GmbH (Germany)
• International Flavors & Fragrances, Inc. (U.S.)
• New Directions Aromatics (Canada)
• Synergy Flavors, Inc. (U.S.)
• Ingredion, Incorporated (U.S.)
The fruit extracts market is segmented based on source, form, application, and geography, offering a comprehensive understanding of industry dynamics at regional and country levels.
Regional Analysis:
In 2024, North America is expected to dominate the fruit extracts market, driven by factors such as increasing consumer preference for innovation and healthy food products, rising health and wellness concerns, heightened spending on cosmetic products, and a well-established food and beverage industry. However, the Asia-Pacific region is poised to register the highest CAGR during the forecast period, reflecting the region's evolving market landscape and burgeoning demand for fruit extracts.

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