The Citral Market was valued at USD 210.5 Million in 2022 and is projected to reach USD 302.4 Million by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 4.1% over the forecast period. The primary drivers of revenue growth are the increasing demand for Citral in the fragrance sector and its expanding applications in the food and beverage industries.
Get Sample Report of Citral Market-https://www.reportsanddata.com/download-free-sample/6901
Competitive landscape:
Citral is a natural, colorless, and lemon-scented terpene aldehyde that is widely used as a flavoring agent and fragrance in the food and beverage industry, as well as in the production of essential oils, perfumes, and personal care products. The global Citral Market is witnessing significant growth due to the increasing demand for natural and organic ingredients in various industries. The market is highly competitive, with several large and medium-sized players accounting for a majority of market revenue.
Several major companies are operating in the global Citral Market, including:
- BASF SE
- Zhejiang NHU Co. Ltd.
- Kalpsutra Chemicals Pvt. Ltd.
- Jiangxi Xuesong Natural Medicinal Oil Co. Ltd.
- Rajkeerth Aromatics and Biotech Pvt. Ltd.
- Jiangxi Global Natural Spice Co. Ltd.
- Guangzhou Baihua Flavours and Fragrances Company Limited
- Shanghai Pu-Jie Fragrance Co. Ltd.
- TCI Chemicals (India) Pvt. Ltd.
- Jiangxi Yono Industry Co. Ltd.
Read Full Report-https://www.reportsanddata.com/report-detail/citral-market
Strategic Developments in the Industry:
- In 2021, BASF SE disclosed its acquisition of Isobionics, a biotech company based in the Netherlands specializing in Natural Flavors and fragrances production. This strategic move is intended to broaden BASF’s natural ingredients portfolio, aligning with the rising demand for products that are both natural and sustainable.
- Zhejiang NHU Co., Ltd. made a noteworthy announcement in 2020 by inaugurating a new citral plant in Zhejiang, China. This facility is anticipated to bolster the company’s citral production capacity, addressing the escalating demand for natural and organic ingredients across diverse industries.
- Kalpsutra Chemicals Pvt. Ltd. took strategic action in 2020 with the expansion of its citral production capacity in India. This expansion initiative is geared towards meeting the increasing demand for citral in the food and beverage sector and reinforcing the company’s position in the market.
- In 2020, Jiangxi Global Natural Spice Co. Ltd. made headlines with the acquisition of Huade County Running Natural Fragrance Co. Ltd., a Chinese company specializing in the production of natural fragrance ingredients. The strategic acquisition aims to broaden Jiangxi Global Natural Spice’s product offerings and strengthen its foothold in the market.
- Rajkeerth Aromatics and Biotech Pvt. Ltd. entered the strategic landscape in 2019 by unveiling a new citral plant in Maharashtra, India. This facility is expected to augment the company’s production capacity, meeting the surging demand for natural and organic ingredients across various industries.
Request For Customization Report-https://www.reportsanddata.com/request-customization-form/6901
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
(Head of Business Development)
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Blogs | Press Release | Industry News | Our competencies
Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports
Browse More Latest Reports @ https://www.reportsanddata.com/report
