According to this latest study, the growth in The Orange Extract Market size is projected to reach USD 823 Million by 2027 from an estimated USD 583 Million in 2020, growing at a CAGR of 5.05% globally.
Orange extract is a highly concentrated fruit flavor that has a significant amount of alcohol content, resulting in the improved shelf life of orange extract, and makes it an enchanting choice in the flavoring sector. This supports in demanding the growth of orange extract in the market. Moreover, the orange extract has a strong aroma and is utilized to add a refreshing citrus flavor to mousses, candies, and chocolates, as well as salty dishes such as fish, rice, and chicken. The rising size of the food and beverage industry, backed by the diverse applications of orange extract aids in enhancing the demand for orange extract in the global market. Besides, from the food industry, the orange extract also finds its application in the
