Citrus oil market continues to witness significant growth, driven primarily by adoption in the food and beverages industry attributed to various health benefits. Growing demand for artificial drink concentrates is expected to contribute toward growth of the global citrus oil market positively.
Manufacturers prefer blending citrus oil in range of food and beverage products in order to enhance the flavor. Bound to such factors, food and beverage industry will remain a lucrative end-use vertical in the citrus oil market.
According to a recently published report, the global citrus oil market is expected to represent a value of over US$ 8,600 Mn by the end of 2022.
Citrus Oil Market: Healthcare Industry to be a Lucrative Vertical
Besides, food and beverages industry, citrus oil is likely to witness considerable demand in the healthcare industry for treatment of infections, skin disorders, obesity, and asthma. Equipped with a potent array of anti-carcinogenic properties, citrus oil continues to witness significant demand in the healthcare industry for the treatment of cancer. Citrus oil market will further be driven by key attributes of this essential oil such as high content of antioxidants, neutralizing the free radicals, boosting the immune system, and relieving stress.
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Significant Demand for Aromatherapy
Citrus oil market growth also remains underpinned by the advent of aromatherapy as the most preferred treatment of depression. Increasing demand for refreshing, and uplifting aroma among customers has led manufacturers to use citrus oil in range of aromatherapy products. Bound to these factors, growth of the citrus oil market is likely to rev up during the forecast period.
Cosmetic Industry to Fuel Citrus Oil Market Growth
Citrus oil market is also expected to witness significant expansion with adoption in the cosmetic industry, attributed to brightening, cleaning, and antibacterial features of citrus oil. Citrus oil adoption in cosmetic and personal products will remain robust, as it helps in clearing the dead skin, excess oil, and by breaking down the dirt. Known as a natural toner, consumption of citrus oil continues to rev up in the cosmetic and personal care industry.
Sensitiveness to the ultravoilet rays has reduced the application of scope of citrus oil, as it leads to deep sunburns. On the other hand, inhalation and application of several aromatherapy products containing citrus oil could lead to allergic reactions. Moreover, when applied on the skin, several aromatherapy products containing citrus oil could lead to allergies that causes redness, irritation, and asthma.
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Orange Oil to Remain a Lucrative Citrus Oil Variant
With growing adoption of citrus oil in the food and beverages, and aroma industry, citrus oil market participants are witnessing high demand for orange oil. Orange oil is expected to witness the highest revenue growth in citrus oil market, accounting for a value of over US$ 1,200 Mn by the end of 2022. Orange oil as compared to other products is expected to register the highest CAGR in the citrus oil market throughout 2022.
Distillation as compared to other extraction methods is expected to generate significant revenues, recording a value of over US$ 700 Mn by the end of 2017. The distillation segment is expected to register the highest CAGR in the citrus oil market throughout 2022.
Food and Beverage industry in terms of citrus oil end users is expected to witness the highest revenue growth, representing a value of over US$ 700 Mn by the end of 2022. The personal care and cosmetic as compared to other end users is expected to register the highest CAGR in the citrus oil market throughout 2022.
Sales of citrus oil through specialty stores is expected to generate significant revenues, accounting for a value of over US$ 700 Mn by the end of 2017. Modern trade as compared to other sales channel is expected to register the highest CAGR in the citrus oil market throughout 2022.
Leading players operating in the citrus oil market include
- Biolandes Sa
- Citrus and Allied Essences Ltd.
- Symrise AG
- Young Living Essentials Oils LC
- Givaudan SA
- International Flavors & Fragrances Inc.
- DoTERRA International LLC
- The Lebermuth Co.Inc.
- Citrosuco Gmbh
- Farotti Srl.
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Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
The global citrus oil is expected to witness moderate growth attributed to growing demand in the personal care and cosmetic, and food and beverage industry. Surge in demand for artificial drink concentrate is further likely to impact growth of the global market positively. However, growing prevalence of allergic reactions due to citrus oil is expected to dip growth of the global market in terms of sales. This report, published by Fact.MR, provides in-depth analysis of the global citrus oil market for the forecast period 2017-2022, and offers key insights about future market direction.
The scope of Fact.MR’s report is to analyze the global citrus oil market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Citrus oil manufacturers, stakeholders, and suppliers in the global food & beverage sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to citrus oil.
The report commences with a brief information of the global citrus oil market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global citrus oil market.
The next section offers an overview of the global citrus oil market. This comprises an introduction to the market, along with a standard definition of the product – citrus oil. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global citrus oil market, the report provides updates about market opportunities, which can benefit leading manufacturers of citrus oil. With continuous evolution of the food & beverage sector, keeping a record of latest developments and trends is fundamental for citrus oil manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Considering the wide scope of the global citrus oil market and to offer in-depth insights, Fact.MR’s report provides segment-wise analysis and forecast. The citrus oil market has been categorized on the basis of product type, extraction method, application type, sales channel, and region. This segmentation analysis is comprehensive, coupled with a detailed country-wise forecast provided on all parameters.
The report’s last section comprises of the global citrus oil market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global citrus oil market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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