Global Orange Market: Valued at USD 3.85 Billion in 2024 & to Achieve 3.89 CAGR in 2024-32
As per the research report by Report Cube, the Global Orange Market size was valued at nearly USD 3.85 billion in 2024, and is estimated to grow at a CAGR of about 3.89% during the forecast period, 2024-32.
The concentrated liquid extract made from oranges retains the flavor & fragrance of orange fruit. It’s a common flavoring element used in a variety of culinary processes, such as baking & cooking. Orange peels are generally used in the extraction process for solvent-based essential oil or flavor component extraction. The marketplace for orange extracts is expanding rapidly, mostly because consumers are becoming more and more in need of orange extracts made from flavoring. Furthermore, it is anticipated that the key driver of demand across the global market would be the steadily growing food and beverage sector.
Oranges acquire more than half of the world's citrus production & manufacturing and are the most broadly used citrus fruit in most nations, trailing only bananas and apples. They make up a sizable portion of the citrus fruit produced worldwide. Furthermore, good growing seasons and worldwide weather conditions support orange output. Some of the key factors influencing orange production are environmental factors, biostress, and government regulations. Additionally, Brazil and EU member states are major global producers of oranges, making for almost 60% of global orange commerce. These countries form the hub of the world's orange trade; among the top importers are the US, China, and Turkey.
The worldwide food and beverage industry's constant expansion has a considerable impact on the Orange Market. As the business grows, so does the requirement for flavoring agents, and the orange extract is widely used in many different product categories. Orange extract is a common baking ingredient used to flavor cakes, pastries, cookies, and other sweet treats. Its citrus undertones give beaked foods a distinct, natural flavor that complements them. Orange extract is used in a variety of products, such as sauces, drinks, desserts, and snacks, thus there is a sizable market for the food and beverage industry to grow, further states the research study, Global Orange Market Analysis, 2024.
Analyzing the Global Market Segmentation
Express Delivery to Dominate the Global Orange Market
By type, the Global Orange Market is bifurcated into: Sweet Orange, Navel Orange, Blood Orange, and Red Orange.
Of all the orange types, Naval Orange is anticipated to account for the largest share of the Global Orange Market during 2024-32. Navel oranges are a wonderful fruit to consume when young because of their seedless texture, easily peelable skin, and sweet flavor. They are typically used for salads, fresh drinks, and snacks in homes & businesses. The longer shelf life of navel oranges also makes them perfect for export & transit. Their appeal to a broad range of consumers & versatility in a variety of culinary applications accounts for their supremacy in the Global Orange Industry.
North America to Grab Potential Market Share
North America is predicted to grow at an exponential rate during the projected years, maintaining its greatest share of the Orange Market. The region is growing because of countries like the United States, which grows oranges & produces almost 10% of the world’s total oranges. The region is the second-largest orange-growing region in the world. Also, orange extract is widely used in sorbet & flavored sparkling water, therefore the North America Orange Market is destined to expand in the following years.
Orange Market Companies Analysis
With the strategic analysis & market study the leading companies, including Berje Inc., Citrosuco, Citrus World Inc., Hyatt Fruit Co., INDIAN RIVER FRUIT Co., LEMONCONCENTRATE SLU, Nielsen Citrus Products Co. Inc., Paradise Juice Pvt. Ltd., Perricone Farms, Schacht Groves, SEQUOIA ORANGE Co. Inc., SUNRISE FRUITS COMPANY SL, The Fruit Co., Zain Natural Agro India Pvt. Ltd., are predicted to contribute in the growing market outlook.