Citrus concentrates market projected to reach $15.1 Bn by 2034 due to consumer demand for natural options
From GlobeNewswire: 2025-01-09 07:00:00
The citrus concentrates market is projected to surpass USD 15.1 billion by 2034, driven by consumer preferences for natural and organic options. Orange concentrate leads the market, meeting the demand for healthier beverages. Liquid concentrates, valued at USD 5 billion in 2024, remain popular for their versatility, while powdered forms are gaining traction for their extended shelf life. The U.S. citrus concentrates market, valued at USD 2.1 billion in 2024, is set to grow at a 6.3% CAGR through 2032, fueled by the increasing demand for clean-label products made from organic sources.
Consumers’ focus on health and sustainability is reshaping the citrus concentrates industry, with a growing preference for nutrient-dense options. Manufacturers are investing in sustainable sourcing and innovative processing methods to meet these demands. The market is evolving to cater to health-conscious consumer trends, with a focus on natural and organic offerings driving steady growth in the years ahead.
The citrus concentrates market is segmented into liquid and powdered forms, with liquid concentrates currently dominating the market. However, powdered concentrates are gaining popularity for their longer shelf life and appeal to health-conscious consumers. The industry’s growth is fueled by rising consumer awareness of health benefits, sustainability pressures, and technological advancements, positioning it for continued expansion in the future.
Read more at GlobeNewswire: Citrus Concentrates Market to reach $15.1 Bn by 2034, Says