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Bergamot Extract Market

Bergamot Extract Market By Nature (Organic, Conventional), End Use (Food and Beverage, Perfumery, Nutraceuticals, Dietary Supplements) & Region - Forecast 2022-2032

Market Insights on Bergamot Extract covering sales outlook, demand forecast & up-to-date key trends

Bergamot Extract Market Overview

Global bergamot extract demand is projected to be valued at US$ 99.97 Million in 2022, forecast to grow at a CAGR of 4.14% to be valued at US$ 150 Million from 2022 to 2032. Growth is attributed to the rising demand for renovation projects and development in residential and commercial construction.

Report Attribute

Details

Estimated Base Year Value (2021)

US$ 96 Million

Expected Market Value (2022)

US$ 99.97 Million

Anticipated Forecast Value (2032)

US$ 150 Million

Projected Growth Rate (2022-2032)

4.14% CAGR

Bergamot extract is obtained from a rare citrus fruit, Citrus Bergamot, which is predominantly produced in Southern Italy. Bergamot extract is rich in free radical scavengers such as flavonoids. Bergamot extract contains around five unique antioxidant polyphenolic compounds that provide various health benefits.

Bergamot extract helps to maintain normal cholesterol levels and aids blood glucose metabolism. Bergamot extract has antimicrobial properties and therefore has application in the pharmaceutical industry. It has a subtle and fresh flavor and is therefore used as a flavoring ingredient in baked products, ice creams, etc. It also has applications in industries such as dietary supplements, beverages, nutraceuticals, cosmetics, etc.

Which are Some Prominent Drivers Spearheading Bergamot Extract Market Growth?

The increase in health and fitness trends amongst the consumers may serve as one of the drivers for the increase in the market of bergamot extract. The demand for dietary supplements is increasing at a very rapid rate. More than 70% of American adults take at least one type of dietary supplement. Also, consumers prefer the use of plant-based products as there might be some side effects due to the use of animal-based products and therefore bergamot extract can be used by the manufacturers of the dietary supplement industry to develop plant-based supplements.

Statins are the drugs that are used to maintain cholesterol levels but statin is not suitable for all consumers as some might have side effects and develop statin intolerance. Bergamot extract has a “statin-like” mode of action which helps to regulate cholesterol levels and therefore can be used by the pharmaceutical industry to develop new drugs that can be used by consumers that have developed statin intolerance. Therefore, the use of bergamot extract to develop pharmaceutical drugs might help increase its demand.

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What are the Challenges Faced by the Bergamot Extract Industry?

The presence of similar products might serve as a major restraint for the bergamot extract market. There are many companies that are keeping track of the current market trends and are trying to develop plant-based products that have high nutritive value therefore the high competition in the market can affect the growth of the bergamot extract market.

Why is Asia-Pacific Emerging as an Opportunistic Bergamot Extract Market?

The application of herbal medicinal products and supplements has increased immensely in the past two to three decades with the acceptance of bergamot extracts for some part of primary healthcare in the region, as per the report of the national library of medicine.

Bergamot extract is highly touted for its soothing use as an aromatherapy treatment, and in the treatment of acne & skin infections owing to its antibacterial and anti-inflammatory properties.

Nandini Roy Choudhury
Principal Consultant
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Why does North America Hold a Significant Share in the Bergamot Extract Market?

The espousal of herbal medicines has increased owing to the belief that it promotes healthy living in the countries like U.S & Canada. The Bergamot-based oil and body lotions are gaining huge traction owing to their countless health benefits. 

Bergamot extract-based medicines are used in treating high cholesterol and stress reduction. Bergamot oil is used in the cosmetic industry as a perfume fixative, and its long-lasting cologne has led to its extensive adoption in luxury shampoos across the region.

Market Competition

Some of the key participants present in the global demand of Bergamot Extract market include H&AD s.r.l., Jarrow Formulas, BergaMet NA, HP Ingredients, Citroglobe, Nutraceuticals International Group, etc., among others., among others. 

  • Healthy Extracts Inc.,  a prominent manufacturer of clinically proven plant-based products for heart and brain health, has launched two new high-potency natural formulations, Organic Citrus Bergamot for Women and Organic Citrus Bergamot. These products are available on e-commerce websites and in selected supermarkets.
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Report Scope

Report Attribute

Details

Growth Rate

CAGR of 4.12% from 2022 to 2032

Base Year for Estimation

2021

Historical Data

2016-2021

Forecast Period

2022-2032

Quantitative Units

Revenue in USD Million, Volume in Kilotons, and CAGR from 2022-2032

Report Coverage

Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis

Segments Covered

  • Nature
  • End Use
  • Region

Regions Covered

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Key Countries Profiled

  • U.S
  • Canada
  • Brazil
  • Mexico
  • Germany
  • U.K
  • France
  • Spain
  • Italy
  • Nordics
  • BENELUX
  • Russia
  • Poland
  • Australia & New Zealand
  • China
  • India
  • ASEAN
  • GCC
  • South Africa

Key Companies Profiled

  • H&AD s.r.l.
  • Jarrow Formulas
  • BergaMet N.A
  • HP Ingredients
  • Citroglobe
  • Nutraceuticals International Group

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Key Segments Profiled in the Bergamot Extract Industry Survey

By Nature:

  • Organic Bergamot Extract
  • Conventional Bergamot Extract

By End Use:

  • Bergamot Extract for Food and Beverage
  • Bergamot Extract for Perfumery
  • Bergamot Extract for Nutraceuticals
  • Bergamot Extract for Dietary Supplements
  • Bergamot Extract for Other End Uses (e.g. Pharmaceutical, etc.)

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Frequently Asked Questions

FMI projects the global demand of the Bergamot Extract market to expand at a 4.14% value CAGR by 2032

North America is expected to be the most opportunistic Bergamot Extract market

H&AD s.r.l., Jarrow Formulas, BergaMet NA, HP Ingredients, Citroglobe and Nutraceuticals International Group are some key bergamot extract manufacturers

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Nandini Roy Choudhury
Principal Consultant
LinkedIn
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Bergamot Extract Market