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Bergamot Oil Market

Bergamot Oil Market

Bergamot Oil Market Analysis By Type (Organic, Conventional), By End Use (Food & Beverages, Pharmaceuticals, Skin & Personal Care, Haircare, Aromatherapy) - Global Market Insights 2022 to 2027

Bergamot Oil Market
FACT87MR
  • Sep-2022
  • List of Tables : 25
  • List of Figures : 132
  • 170 Pages
  • Food & Beverage

Bergamot Oil Market Outlook (2022-2027)

The global bergamot oil market is valued at US$ 21.2 billion in 2022 and is predicted to reach a size of US$ 31.5 billion by the end of 2027. Worldwide demand for bergamot oil is expected to increase rapidly at a CAGR of 8.2% over the next five years.

Rising preference for organic and natural ingredients is expected to drive the demand for organic bergamot oil, which is expected to account for nearly 64% of the global market share of the bergamot oil industry by 2027.

Report Attributes

Details

Bergamot Oil Market Size (2022)

US$ 21.2 Billion

Projected Market Value (2027F)

US$ 31.5 Billion

Global Market Growth Rate (2022-2027)

8.2% CAGR

Organic Segment Share (2027F)

64%

Conventional Segment Growth Rate (2022-2027)

5.5%

Key Companies Profiled

  • Bunge Limited
  • Symrise AG
  • Cargill Inc.
  • Mountain Rose Herbs Inc.
  • Louis Dreyfus Company B.V.
  • Citrus and Allied Essences Ltd.
  • Willmar International Limited.
  • Citromax Flavors
  • Avril Group
  • SVA Naturals
  • Terra International
  • Amway
  • Dabur
  • Bontoux S.A.S.
  • Herbalife
  • Mgb Grup Essential Oils Co. Ltd.
  • AOS Products Pvt. Ltd.
  • The Good Scent Company
  • Archer-Daniels-Midland Company
  • Olam Group

Interested to Procure The Data

Bergamot Oil Consumption Analysis (2017-2021) in Comparison to Market Forecasts (2022-2027)

Bergamot oil is a natural cleansing oil and has several other beneficial properties that provide it with a wide scope of application across several industry verticals. Increasing consumer preference for products with natural ingredients is anticipated to be a prime driver for the bergamot oil market over the next five years.

The bergamot oil market is predicted to evolve at a CAGR of 8.2% from 2022 to 2027.

Rising consumer demand for natural foods, growing use of organic ingredients in the personal care industry, increasing use of different types of extraction methods, and rising focus on health and fitness are significant factors that could potentially promulgate demand for bergamot oil across the forecast period.

However, stringent regulatory mandates and fluctuating raw material prices are projected to restrain the overall bergamot oil market potential through 2027.

Bergamot oil market forecast by Fact.MR

Which Market Determinants are Inducing Demand for Bergamot Oil?

“Increasing Consumption of Natural Ingredients & High Incidence of Cardiac Disorders”

The world has witnessed a notable rise in popularity of the veganism trend and this has led to increased consumption of plant-based foods and natural food products. Bergamot orange extract oil is also used as a natural flavoring agent in various food products.

Bergamot oil is used in food products as a natural ingredient that helps in the reduction of cholesterol and since the incidence of cardiac disorders is high, it is expected to witness an increase in demand over the years to come. The aforementioned factors are expected to supplement bergamot oil sales and global bergamot extract market growth through 2027.

“High Usage of Bergamot Oil in Pharmaceutical Manufacturing”

The pharmaceutical industry has evolved drastically over the past few years owing to the high demand for drugs in the wake of infectious disease outbreaks and the prevalence of chronic diseases. Increasing awareness of ill effects associated with the consumption of chemicals has pushed pharmaceutical manufacturers to use more natural ingredients in their formulations.

Bergamot oil has antiseptic, pain relieving, antibacterial, and antispasmodic properties that make it a favorable choice for drug formulations. It also has the ability to absorb disagreeable odors of various ingredients used in pharmaceutical products. All of the aforementioned factors make bergamot oil a high-demand ingredient in the pharmaceutical industry.

“Rising Demand for Organic & Natural Ingredients in Personal Care Products”

The personal care industry has expanded as people are more aware of their physical appearance and have disposable income to spend on personal care products. Consumer demand for organic and quality ingredient-based personal care products has led to high demand for natural ingredients in the personal care industry.

New companies and established market players in the personal care market are using natural ingredients such as bergamot oil, argan oil, lavender oil, etc.

  • In February 2022, Next, a high street retailer, developed a new beauty brand called Woah with a skincare development laboratory in the United Kingdom. The brand features 16 vegan products that use ingredients such as rose water, bergamot oil, retinol, etc.
  • Ketish, a female wellness brand, is offering a product called The Potion. The product is a blend of botanical oils and plant oils like bergamot oil, hempseed oil, arnica, lavender oil, and other ingredients that target muscle tension and cramps in females during periods.

An Adaptive Approach to Modern-day Research Needs

Which Regions Should Bergamot Oil Suppliers Invest In?

“Europe & North America to Be Highly Rewarding Regional Markets”

The regions of Europe and North America collectively are expected to account for nearly 60% of the global bergamot oil marketplace by the end of 2027.

The bergamot tree is native to the region of North America and is also found in some parts of France, Turkey, and southern Italy, which provides good opportunities for producers of bergamot oil in these regions and allows the production of quality products.

Increasing consumer demand, rising scope of application in several end-use industries, and the presence of prominent pharmaceutical manufacturers in these regions are other factors that could potentially uplift bergamot oil sales across the forecast period. The United States is anticipated to be a highly opportunistic market for bergamot oil producers over the next five years owing to changing consumer preferences and the rising popularity of natural and plant-based products.

This latest research study by analysts at Fact.MR, a market research and competitive intelligence provider, discusses the trends in the bergamot oil marketplace, bergamot oil pricing analysis, bergamot oil supply chain analysis, and other factors that define and govern market growth on a regional and global level.

Country-wise Insights

Which Country is an Attractive Market for Bergamot Oil in Europe?

“France to Emerge as Highly Attractive Market for Producers of Bergamot Oil”

France is home to various personal care brands and this makes it a highly attractive market for bergamot oil companies as most of the personal care companies opt to use more natural and organic ingredients in their products.

Changing consumer preferences and the rising demand for bergamot oil in various industry verticals in the country are also expected to favor bergamot oil market potential across the forecast period. Production of bergamot oil is also high in the country as compared to most other European countries except Italy and Turkey.

Category-wise Insights

Which Type of Bergamot Oil is Most Preferred by Consumers?

“Rising Awareness of Benefits Associated with Consumption of Natural Foods Driving Organic Bergamot Oil Sales”

The global bergamot oil market, based on type, is segmented into organic and conventional.

The organic segment currently holds a lion’s share in the global bergamot oil marketplace and is anticipated to maintain this stance across the forecast period. Increasing consumer awareness of organic products and rising awareness of ill-effects associated with chemically-treated products are prime factors that drive demand for organic bergamot oil through 2027. Shipments of organic bergamot oil are predicted to account for nearly 64% of the global revenue share of the market by the end of the forecast period.

High demand for conventional bergamot oil in pharmaceutical, healthcare, and personal care applications is expected to drive its demand at a CAGR of around 5.5% over the next five years.

Which End Use is Slated to Lead Revenue Generation?

“Increasing Stress Levels Drive Demand for Aromatherapies”

The global bergamot oil market, based on end use, is segmented into food & beverages, pharmaceuticals, skin & personal care, hair care, aromatherapies, and others.

Stress levels in the general population have increased exponentially and this has led to a rising in demand for anti-depressant therapies and stress-reducing ingredients. Bergamot oil has amalgams that reduce stress levels, inflammation, anxiety, and discomfort, which makes it a popular choice in aromatherapy. Increasing focus on mental health has led to high demand for aromatherapies and the Pinene and Limonene ingredients of the oil make it an invigorating and stimulating choice.

The aromatherapies segment accounts for a major market share and is anticipated to maintain this stance through 2027. Demand for bergamot oil in the skin and personal care segment is projected to increase at a CAGR of around 4% throughout the forecast period.

Competitive Landscape

Top companies in the bergamot oil industry are expected to focus on providing organic bergamot essential oil to personal care product manufacturers as they focus on developing products with organic ingredients.

  • In September 2022, Amour's Secrets announced the debut launch of its skincare products that are made from natural and plant-based ingredients. The cleansing and hydrating oil launched by Amour features a unique blend of argan oil, lavender oil, rosewood oil, bergamot oil, and other natural ingredients to provide skin with soothing and luxurious hydration.

Key Segments in Bergamot Oil Industry Research

  • By Type :

    • Organic
    • Conventional
  • By End Use :

    • Food & Beverages
    • Pharmaceuticals
    • Skin & Personal Care
    • Haircare
    • Aromatherapies
    • Others
  • By Region :

    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

- FAQs -

The global bergamot oil market is currently valued at US$ 21.2 billion.
By 2027, the global market for bergamot oil is anticipated to reach US$ 31.5 billion.
Worldwide demand for bergamot oil is projected to surge at a CAGR of 8.2% through 2027.
North America and Europe are anticipated to collectively account for nearly 60% of the global market share by 2027.
Key suppliers of bergamot oil are Symrise AG, Cargill Inc., Mountain Rose Herbs Inc., Louis Dreyfus Company B.V., Citrus and Allied Essences Ltd., Willmar International Limited., Citromax Flavors, Avril Group, SVA Naturals, Terra International, and Amway.
Italy, France, the United Kingdom, and the United States are prominent countries in the bergamot oil market.

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