Market Shares Remain Clustered among Emerging Players
Shares of the citrus essential oils market will continue to remain consolidated among emerging players, as the competition at the brink intensifies and emphasis on organic ingredients, product quality, and clean label gains center stage.
On the other hand, the market leaders continue to focus on expanding their global footprint through the adoption of more efficient extraction methods, and new product launches.
Companies continue to explore the application scope of citrus essential oils, particularly in agriculture, health, and F&B. Some notable developments in the citrus essential oils market have been detailed below.
- Ripple effects of increased demand for natural products and emphasis on environmental sustenance have been significantly influencing the dynamics of the citrus essential oils market. Recognizing the need, Young Living Essential Oils LLC has partnered with Finca Farms who is known for growing high-quality lime and grapefruits in their zero-waste facility based in Mexico.
- Sensing the remarkable rise in sales of fragrances based on natural essential oils, Givaudan, in December 2018 announced that it has acquired Albert Vielle, a company that specializes in providing natural essential oils used in fragrances and aromatherapy products.
- Shift in the consumer preference towards products constituting natural ingredients in food, beverages, and personal care markets has induced a fresh flow of investments in the companies specializing in the sector. Recognizing the trend, Pace Advisors Inc. raised its stake in International Flavors & Fragrances by over 17% at the end of the last quarter in 2018.
- Research initiated by nurses of the CHI Health Mercy Council Bluffs, based in Iowa, in 2018 concluded that using essential oils can lower the intervention time for people suffering from nausea, abdominal pain, and vomiting by over 25 minutes.
- With essential oils sales flourishing, Yongevity launched two new essential oil products along with a new product line in Mineral Man and Hemp FX™. While the Mineral Man product line offered essential oils-based hair-care and skincare products, Hemp FX™ includes three products based on hemp-derived cannabinoid oil.
- Givaudan has recently made a significant investment to streamline its patchouli oil sourcing from the Sulawesi Island in Indonesia. The agenda behind this investment is to train 1000 patchouli producers and their families about efficient agricultural practices, for improving the productivity of patchouli essential oil - an integral constituent of natural fragrances.
This report on the citrus essential oils market offers a detailed profiling of key players including Ultra-International B.V., Phoenix Aromas & Essential Oils, LLC, Firmenich SA, Symrise AG, Citrus Oleo, Lionel Hitchen (Essential Oils) Ltd, Mountain Rose Herbs, Inc., Citromax S.A.C.I, doTERRA International, LLC, and Citrosuco.
Citrus Essential Oils to Gain Popularity as Natural Preservatives
Emphasis on preservative packaging continues to rise in the food & beverage sector, as longer shelf-life gains ground as an essential requirement in line with the modern-day trade practices that involve time-intensive transportation of products across borders and oceans.
Although the use of synthetic antimicrobials and preservatives is prevalent among F&B companies to prevent spoilage, the risk of chronic disease from a number of commonly-used synthetic preservatives is a persisting challenge in the marketplace.
For instance, the risk of developing cancer and lung inflammation has been associated with butylated hydroxyanisole (BHA) or butylated hydroxytoluene (BHT), which are used to curtail oxidation and prevent the growth of harmful bacteria in food products.
This has further induced a paradigm shift in consumer preference toward food & beverage products based on natural ingredients and preservatives.
Citrus essential oils have emerged as a key solution to replace synthetic food preservatives, owing to their rich limonene content, a monoterpene that exhibits strong antibacterial and antifungal properties.
The adoption of citrus essential oils also remains upheld by their potential application in biodegradable food packaging solutions, and in gelatin or chitosan for improving physicochemical properties of packaging.
Rising concerns regarding the environment and health amongst the global population are promoting the use of natural preservatives and packaging in food companies around the world.
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Citrus Essential Oils Gain High Palpability as Green Pesticides
Adverse environmental and health impacts associated with prolonged use of pesticides and insecticides on crops, along with concerns regarding pollution of aquatic systems that result in groundwater contamination and reduced soil productivity, allude to negated agricultural produce outcomes worldwide.
Recognizing the concerns, farmers are preferring the use of natural alternatives to ward of insects and abate the growth of bacteria and fungi, wherein citrus essential oils have gained increased visibility in light of their repellent, ovicidal, larvicidal, toxic, and antifeedant properties.
The lipophilic constituents of essentials oil make them toxic to a wide variety of insects and pests. Essential oils have been deemed eco-friendly and labeled as green alternatives to synthetic pesticides.
The array of benefits associated with citrus essential oils have sparked rigorous research toward the production of essential oil-based insecticides.
Changing Properties of Active Ingredients Remains a Key Concern for Manufacturers
Essential oils produced from lemons, oranges, and other citrus fruits under different conditions and seasons are linked with distinctive changes in their properties based on their inhibitory efficacy against different strands of bacteria and fungi.
The time of harvest, the ripeness of fruits, and the season of production have significant impacts on the properties of citrus essential oils.
With such changes in key properties of active ingredients used in citrus products, manufacturers are taking preventative measures to maintain apt conditions considering the season of harvest, maturation degree, and fruit cultivar.
Further, companies utilizing citrus essential oils in their products need to ensure that the citrus essential oils exhibit the properties it is being used for.
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Robust Adoption in Aromatherapy to Undergird Demand
The therapeutic properties of citrus essential oils and their blends continue to seek extensive adoption in aromatherapy, in the form of various disease therapeutics. The application scope of aromatherapy continues to rise ranging from pain management and skin-related problems to cardiovascular diseases, wound healing, and respiratory diseases.
The use of citrus essential oils offset damages to healthy cells from disease-causing bacteria in traditional pharmaceuticals, owing to their therapeutic properties.
This has further escalated the popularity of citrus essential oils as an effective alternative for treating chronic diseases devoid of damage to healthy tissues or cells of the body.
As the awareness about the multi-pronged benefits of aromatherapy rises among the masses, demand for citrus essential oils will witness a notable increase in parallel.
Citrus Essential Oils – Definition
Citrus oil is an essential oil which is present in the rinds of the walls of citrus fruits such as lemon, grapefruit, oranges, tangerines, and bergamot. The oil is extracted by steam distillation or cold pressing of citrus fruit skins and has found multiple applications in a range of industries due to its therapeutic, antimicrobial, and skin-nourishing properties.
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Citrus Essential Oils – About the Report
Fact.MR recently published a new report on the citrus essential oils market, which provides meaningful insights into the citrus essential oils market.
An estimated projection is offered for the citrus essential oils market during the 2018-2028 period. The report provides an in-depth analysis of the citrus essential oils market considering all aspects that influence the supply & demand.
Citrus Essential Oils – Market Structure
The citrus essential oils market report provides a comprehensive market breakdown on the basis of value, volume, CAGR, and Y-o-Y growth.
A detailed analysis of the citrus essential oils market on the basis of region, the source of citrus essential oils, grade type, fold type, end-use industry, and sales channel is also included in the report.
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Citrus Essential Oils – Additional Questions Answered
In addition to the aforementioned insights, the citrus essential oils market report answers the following key questions that stakeholders can use to strengthen and expand their position in the citrus essential oils market:
- What grade of citrus essential oils accounted for largest sales in 2018?
- Which source of citrus essential oils was preferred in 2018?
- Which region was lucrative for the citrus essential oils market in 2018?
- Which end-use industry led the citrus essential oils market in 2018?
- What sales channels are estimated to benefit citrus essential oils market players in 2019?
- What extraction method was most commonly used by the citrus essential oils market participants in 2018?
Citrus Essential Oils – Research Methodology
An elaborate and comprehensive research methodology is adopted for the compilation of this report on the citrus essential oils market.
An exhaustive research process involving two phases in primary and secondary researches was employed to unearth meaningful insights into the citrus essential oils market.
Interviewing seasoned industry experts and analysts coupled with detailed company case studies formed the basis of the primary research phase.
Secondary research involved for gleaning insights on the citrus essential oils market includes the study of trade journals, paid sources, and other industry publications.
Results from both the phases were triangulated to provide authentic and accurate knowledge about the citrus essential oils market.
Citrus Essential Oils Market: An Authentic Compilation of Market Insights and detailed Opportunity assessment
Fact.MR recently published a report on the citrus essential oils market which provides unbiased actionable intelligence about the factors that currently hold influence over the market and will impact the citrus essential oils market in the foreseeable future.
In addition, a thorough analysis of all the micro and macroeconomic facets such as drivers, restraints, threats, opportunities, and challenges have been identified and analyzed in the report.
Both the quantitative and qualitative aspects of the factors have been provided in the report. The citrus essential oils market report sheds light on the market behavior during the 2018-2028 period while justifying the reasons for it.
Chapter 1 – Executive Summary
The chapter provides brief yet affluent information about the global citrus essential oils market in terms of key facts and figures that hold importance in the market.
Apart from the summary, the report provides vital insights about the market which help readers familiarize themselves with the market.
Chapter 2 – Consumer Behavior and Attitude Measurement
The chapter provides invaluable insights into consumer preferences and buying patterns with a detailed analysis of what influences their decisions and the volume and frequency of purchase from a specific sales channel.
Further, the section helps stakeholders familiarize with the changing consumer mentality by shedding light on their preferences and tendencies.
Chapter 3 – Market Tendencies & Latest Buzz
The section divulges the current market trends by broadly dividing it on the basis of products and market and operations.
Under the product market buzz section, the chapter provides information on the popular and upcoming products while the market and operations section provides information about the preferred sales channel, source optimization, and other relevant and crucial details.
Chapter 4 – Product Launch Track & Trends
The chapter provides an overview of the recent product launches, the type, and region of launch, available alternatives, and the preferred channel used for sale. Further, the section provides information on the likely impact of the product on the market.
Chapter 5 – Risk, Opportunities, and STP Analysis
As the title of the chapter suggests, it helps stakeholders and business professionals gain a perspective of the risks associated with investing in the market, the lucrative opportunities on offer, and the popular product portfolio and medium of promotions.
Chapter 6 – Market Data – Introduction
The section provides the basic definition of the citrus essential oils market along with a brief overview of the market taxonomy, and megatrends that hold influence over the market.
Chapter 7 – Market Dynamics Associated Industry Assessment
This chapter provides a comprehensive analysis of the market drivers and their current and future impact on the citrus essential oils market. Further, the section enlists and analyzes the prominent market challenges and their impact.
Chapter 8 – Associated Industry Assessment
The chapter provides the global essential oil and citrus fruit oils market overview along with invaluable insights into the regulatory frameworks that determine the ease of production and selling of the essential oils on the basis of geographic region.
Also, the chapter sheds light on the macroeconomic factors, investment feasibility, forecast factors, and the citrus essential oils market forecast.
Chapter 9 – Global Citrus Essential Oils Market – Price Point Analysis
The section provides an in-depth price assessment on the basis of region and source and also provides a pricing forecast till 2028.
Apart from the invaluable insights on pricing, the section explains the factors that impact the price of citrus essential oils.
Chapter 10 – Global Citrus Essential Oils Market Analysis and Forecast
Under the chapter, an authentic and accurate forecast of the citrus essential oils market is provided on the basis of value, volume, and geographic region. Further, the chapter divulges valuable information about the citrus essential oils market by breaking down the market on the basis of source of production, extraction method, fold type, end-use applications, grade type, and sales channel.
Chapter 11 – North America Citrus Essential Oils Market Analysis and Forecast
The chapter provides valuable actionable insights about the citrus essential oils market that persists in North America along with a detailed market breakdown on the basis of source, fold type, extraction method, end-use applications, grade type, and sales channel.
Further, the report provides an invaluable market attractiveness analysis that identifies and enlists the key market trends and their impact.
Chapter 12 – Latin America Citrus Essential Oils Market Analysis and Forecast
Under the section, a detailed analysis of the market on the basis of country, source, grade type, extraction method, and end-use application is provided.
Further, the section enlists and analyzes the key market trends prevalent in the region and their impact.
Chapter 13 - Europe Citrus Essential Oils Market Analysis and Forecast
Along with the market overview of the region, the section analyzes the citrus essential oils market in the region on the basis of countries, source, grade type, end-use application, sales channel, and extraction method. Also, the section throws light on the key market trends that hold influence over the citrus essential oils market in the region.
Chapter 14 - Japan Citrus Essential Oils Market Analysis and Forecast
The chapter provides detailed information about the citrus essential oils market that persists in Japan along with a comprehensive breakdown of the market on the basis of fold type, sales channel, grade type, end-use application, source, and sales channel.
The section also identifies the key market trends prevalent in the region and their impact on the market.
Chapter 15 - APEJ Citrus Essential Oils Market Analysis and Forecast
Under the section, invaluable insights into the citrus essential oils that persist in the APEJ region have been compiled.
A comprehensive analysis of the market on the basis of fold type, grade type, end-use application, extraction method, and countries has been provided. Also, the section highlights the key market trends prevalent in the region and explains the impact of each.
Chapter 16 – MEA Citrus Essential Oils Market Analysis and Forecast
The section provides a thorough analysis of the citrus essential oils market that exists in the Middle East and African region on the basis of country, source, fold type, grade type, end-use application, and sales channel.
The chapter also divulges the key market trends that influence the citrus essential oils market in the region.
Chapter 17 – Competitive Assessment
The competitive assessment chapter throws light on the market structure and provides detailed information about market revenue share, company share analysis, and key participants.
Chapter 18 – Citrus Essential Oils Vendor Analysis
Each of the key market players identified has been profiled under this section which presents information regarding the company’s market presence, global footprint, product portfolio, and notable business developments.
Chapter 19 – Assumptions and Acronyms Used
The chapter enlists the assumptions made during the compilation of the report and also provides the full forms of acronyms used throughout the report.
Chapter 20 – Research Methodology
The robust and exhaustive research methodology used during the compilation of the report has been explained thoroughly in this section.
An elaborate research process divided into primary and secondary researches was adopted during the compilation of the report. While primary research involved interviewing seasoned industry experts, secondary research was done by thoroughly studying paid sources, trade journals, company press releases, and other industry publications.
Results from both the phases were cross-referenced with each other to compile an authentic and credible forecast of the citrus essential oils market.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
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