A new research study, titled “Orange Peel Extract Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025,” recently added by Transparency Market Research to its vast collection of market research reports. The study offers a detailed analysis of the global orange peel extract market, highlighting the key segments, applications, regional outlook, and the competitive landscape of the market. In addition to this, the research study talks about the growth prospects, challenges, and opportunities and trends in the global market.
The rising demand from the cosmetic industry is one of the key factors estimated to encourage the growth of the global orange peel extract market in the next few years. In addition, the growing demand for functional food products and natural flavoring agents are some of the other key factors that are estimated to accelerate the growth of the overall market in the near future.
The orange peel extract market can be classified on the basis of application into pharmaceutical industry, food and beverages industry, and cosmetic industry. The increasing use of orange peel extract in a large number of cosmetic products, owing to its benefits is one of the key factors expected to accelerate the cosmetic industry segment in the coming years. The food and beverages segment is also likely to witness a high growth in the next few years. Furthermore, on the basis of distribution channel, the orange peel extract market can be categorized into retail stores, hypermarkets and supermarkets, online retail, specialty stores, and other retail formats. The hypermarket and supermarket segment is estimated to account for a large share and lead the global orange peel extract market.
The global market for orange peel extract can be categorized on the basis of geography into the Middle East and Africa, North America, Latin America, Europe, and Asia Pacific. Among these, Europe and North America are estimated to account for a large share of the global orange peel extract market. Argentina and Mexico being the largest producers of orange peel extracts, these two regions are likely to register healthy growth rates throughout the forecast period. In addition to this, the presence of several leading players and the growing focus on development of new product are predicted to encourage the growth of these regions in the coming years. Furthermore, Asia Pacific is likely to witness a promising growth in the near future.
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The global market for orange peel extracts is competitive in nature and is expected to witness an increased level of competition throughout the forecast period. Some of the key players operating in the orange peel extract market across the globe are MB-Holding GmbH & Co.KG, Plant Extracts International Inc., Beacon Commodities, and Denk Ingredients. These players are focusing on technological advancements and innovations in order to enhance their market penetration and attract a large number of players across the globe. In addition to this, the increasing number of mergers and acquisitions is predicted to generate promising growth opportunities for the market players throughout the forecast period.