Regional Analysis
Citral Market Regional Insights:
- Europe is expected to be the largest market for citral during the forecast period, and accounted for 30% of the market share in 2023. The regional market growth can be attributed to rising consumer demand for natural flavors and perfumes in food and beverage goods.
- Asia Pacific accounted for 25% of the citral market share in 2023. Citral consumption in this region increases due to rising consumer desire for natural and organic personal care and cosmetics goods.
- North America accounted for 20% of the citral market share in 2023. North America citral market growth is driven by rising consumer awareness about advantages of using natural ingredients in products.
Figure 1. Citral Market Share (%), By Region, 2023