Citrus Solvents Market

Citrus Solvents Market was valued at USD 1.5 billion in 2022 and is forecast to touch USD 2.2 billion in 2030, and the market is expected to grow at a CAGR of 5.1% from 2023-2030

Citrus Solvents Market Overview

The citrus solvent is 98% pure citrus oil extracted from the orange fruit peel, and the other remaining 2% is water. That remaining small amount of water is emulsified in the solvent. It acts as a good replacement for mineral spirits and odourless mineral spirits. They are obtained by cold pressing of peels, especially of orange ones.

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Major Citrus Solvents Market Drivers

The key drivers for the global citrus solvents market include increasing awareness among consumers for plant-based products. The growing demand for natural products is one of the major factors driving the growth of the global citrus solvents market. Also, the demand for non-volatile & nonpetroleum solvents is playing a major role in boosting the growth of the global citrus solvent market. Moreover, its use in various insecticides will minimize the harm to the crop and the soil. In addition, it acts as a good substance for thinning paints and in nail polish thinner too. Citrus solvent can dissolve the toughest of stains, grease, etc. therefore, it is a key element in industrial and domestic cleaners. This will play a key role in accelerating the growth of the global citrus solvent market. Furthermore, it does not cause any damage to internal organ, if accidentally breathed in, instead pass-through internal organs without any effect which makes it safe for use. This will also have a good impact in the growth of global citrus solvent market. In addition, it can be easily disposed without causing any harm to the environment.

Restraint in the Global Citrus Solvents Market

However, increasing concerns related to the flammable properties of the citrus solvent and its high production cost might pose a challenge to the growth of the global citrus solvent market.

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Type – Segment Analysis

Based on the type, organic type is expected to grow at the fastest rate in the global citrus solvents market during the forecast period owing to the extensive use of organic citrus solvents like limonene in various industries. For instance, limonene is used as a botanical insecticide for various plants & flowers to avoid insects destroying them. Also, it is used as a replacement for fragrant alternatives to turpentine and as a paint stripper too. Skin and hair care will also witness a good growth owing to use of citrus solvent as thinner in nail polish remover.

Application – Segment Analysis

Based on the application, industrial and domestic cleaners are projected to capture the higher growth over the forecast period in the global citrus solvents market due to cleansing and dissolving properties of citrus solvent which is useful in various industries. Paintings and coatings might witness owing to use of citrus solvent as paint thinner which will accelerate growth of global citrus solvent market.

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Regional – Segment Analysis:

Based on the region, North America region is expected to capture a significant market growth over the forecast period owing to consumer’s preference for organic and natural products in the global citrus solvents market. As consumers are approaching more for healthy living the demand for natural and organic items, products like citrus solvents will gain attraction among them. The Asia Pacific region is also expected to hold a good growth in the global citrus solvent market during the forecast period owing to the abundant orchards of oranges especially in countries like India will boost the global citrus solvent market in that region.

Top Market Players

Various notable players operating in the market include Lemon Concentrate S.L.U., Citrosuco S.A., Louis Dreyfus Company B.V., Sucocitrico Cutrale Ltd., Peace River Citrus Products, Archer Daniels Midland Company, Norkem Group, Citrus Oleo, and Mentha & Allied Products Ltd., Treatt Plc among others.

Key Developments: 

• • In June 2020, Peace River Citrus Products started work on a $98 million expansion at its Bartow processing plant. The expansion is the result of a recently renewed 10-year contract Peace River signed with Coca-Cola to manufacture citrus extracts.
  • In July 2019, Better Juice, the food – tech firm that seeks to reduce all types of sugar in orange juice with tech, has teamed up with Brazilian-based orange juice and fruit juice producer Citrosuco SA to set up a pilot plant to continue the sugar reduction process. Citrosuco will provide the funding for the pilot as well as technical and operational expertise.

Segments covered in the Report:

The global citrus solvents market has been segmented on the basis of type, application, and regions. Based on type, the market is segmented into organic and conventional. Based on application, the market is segmented into insecticides, industrial & domestic cleaners, paintings & coatings, skin & hair care, and others. 

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Market Segmentation

Global Citrus Solvents Market by Type

• • Organic
  • Conventional

Global Citrus Solvents Market by Application

• • Insecticides
  • Industrial & Domestic Cleaners
  • Paintings & Coatings
  • Skin & Hair Care
  • Others

Global Citrus Solvents Market by Region

• • North America Citrus Solvents Market (Option 1: As a part of the free 25% customization)

    • by Type
    • by Application
    • US Market All-Up
    • Canada Market All-Up

  • Europe Citrus Solvents Market (Option 2: As a part of the free 25% customization)

    • by Type
    • by Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Citrus Solvents Market (Option 3: As a part of the free 25% customization)

    • by Type
    • by Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Citrus Solvents Market (Option 4: As a part of the free 25% customization)

    • by Type
    • by Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Citrus Solvents (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Lemon Concentrate S.L.U.
  • Citrosuco S.A.
  • Louis Dreyfus Company B.V.
  • Sucocitrico Cutrale Ltd.
  • Peace River Citrus Products
  • Archer Daniels Midland Company
  • Norkem Group
  • Citrus Oleo
  • Mentha & Allied Products Ltd.
  • Treatt Plc