Citronella Oil Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022

Published on : Jul-2017 | List of Tables : 316 | List of Figures : 102 | No. of Pages : 170 | Report Code : FACT89MR |

Essential oils have gradually treaded beyond their conventional application in therapeutics and aromatherapy. The global food & beverage sector is witnessing an increasing adoption of citronella oil in production of new food items and beverages. Considering the easy procurement of raw lemongrass, manufacturers of citronella oil products are less likely to face any technical and financial barriers while extending their production capacity. Increasing applications of perfumery chemicals such as geraniol is expected to have an influence on the global sales of citronella oil. However, lack of awareness regarding the benefits of such products is expected to impact the expansion the global market for citronella oil in the years to come.

Citronella oil is a prominent essential oil made from the extracts of a distinct species Cymbopogon plant. Stems and leaves of this species, commonly known as lemongrass, are used for making citronella oil extracts. The oil is primarily used as a source in production of perfumery chemicals such as citronellal and citronellol.

The Fact.MR report projects that the global market for citronella oil will witness a sluggish growth during the forecast period, 2017-2022, procuring approximately US$ 70 Mn value by the end of 2022.

Market Taxonomy 

By Source Type

By Form Type

By Application

By Distribution Channel

Natural

Absolute

Therapeutics

Modern Trade

Organic

Concentrates

Aromatherapy

Franchise Outlets

 

Blends

Food & Beverages

Specialty Stores

   

Cosmetics

Online

   

Toiletries

 
   

Fragrances

 
   

Cleaning & Home

 
   

Others

 

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

Naturally-Sourced Citronella Oil to be in Great Demand

Popular belief that synthetic production of food items and beverage lowers their nutritional content continues to have a controlling influence on the sales of citronella oil products. Going forward, the demand for naturally sourced citronella oil is expected to remain higher than the demand for organic citronella oil.

While organic production of citronella oil is more feasible than procuring it naturally, consumers are expected to remain more inclined towards benefits of naturally-derived citronella oil. Even the minimal measure of processing involved in production of organic citronella oil is expected to disturb the implicit health advantageous of citronella oil. By the end of 2022, more than three-fourth value of the global citronella oil market will be procured from sales of naturally-sourced citronella oil.

Market Analysis – By Form, Applications & Distribution

Demand for citronella oil in absolute form is anticipated to gain traction. The report projects that concentrates of citronella oil will witness a relatively lower demand due to their limited application. In addition to this, the market will also witness a sluggish growth for blended citronella oil products, pertaining to complexities in their production. In 2017 and beyond, a majority of citronella oil will be used in production of food products & beverages. Being the largest application, sales of citronella oil in food & beverage production is expected to contribute more than US$ 14 Mn by the end of 2022. The report also projects that modern trade outlets will account for largest revenue share in terms of global distribution of citronella oil. Online sales of citronella oil products are also expected to gain momentum, towards the end of forecast period, reflecting a steady growth at 4.8% CAGR.

Competition Tracking

The report has profiled leading manufacturers of citronella oil which will shape the competitive landscape of the global market. Through 2022, companies which are expected to actively partake in the growth of global citronella oil market include, Bio Extracts private limited, Synthite Industries Ltd., D?TERRA International, Greenleaf Extractions Pvt Ltd, Young Living Essential Oils LC, Natures Natural India, Shaanxi Guanjie Technology Co., IL Health and Beauty Natural Oils Co., Inc., Aromaaz International, Linonel Hitchen Essential Oils Ltd, Green Fields Oil Factory, Plant Therapy Essential Oils, and Aksuvital.

NoteThe insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR

The demand for essential oils such as citronella oil is expected to witness steady growth in the view of a stable adoption of aromatherapy. However, lack of awareness among consumers continues to render manufacturing downturns in the global market for citronella oil. This report offers key insights on how the global citronella oil market will grow during the forecast period, 2017-2022, providing an analytical study on the market’s growth till date.  

Scope

The prime focus of Fact.MR’s report is to provide readers with an unbiased and accurate analysis of current market status of citronella oil, along with future growth estimations. Citronella oil manufacturers, suppliers, and distributors in the global market will benefit from the insights offered in this report. A detailed discussion guide has been formulated in this report, which can attract the interest of top trade magazines and journals related to citronella oil.

Summary

The report commences by providing an executive summary, market dynamics and market taxonomy, underlining the factors which influence growth of the global citronella oil market. This executive summary offers the foundation on which the report is based, providing users with scope of the report. The executive summary contains key statistics and facts impacting the global citronella oil market.

Overview

This section offers a detailed view of the global citronella oil market, comprising the market introduction, along with the standard definition of product – citronella oil. Market value as well as year-over-year expansion is offered to readers in this section. Y-o-Y growth enables readers to view broader aspects of growth patterns during the forecast period.

This section also details the drivers, restraints, opportunities and key trends influencing the market growth based on perspectives of macroeconomic, demand, and supply sides. Impact analysis of the weighted average model-based expansion drivers is included in the report for provision of better decision-making insights to clients.

To offer readers with latest information about advancements in the global citronella oil market, updates about opportunities benefitting leading citronella oil manufacturers are offered in the report. Continuous evolution of the food & beverage sector necessitates keeping record of upcoming and recent developments and trends which are fundamental for manufacturers of citronella oil to formulate and adopt key business strategies. The detailed analysis pertaining to list of distributors, pricing analysis, raw material sourcing, cost structures, and supply chain are offered in this section.

Taking the vast scope of global citronella oil market into account, the report offers a segment-wise analysis and forecast. The global market for citronella oil is segmented into – source type, form type, applications, distribution channels, and region. In this section, the report also offers a country-wise forecast across all parameters associated with the growth of global citronella oil market.

The report’s last section emphasizes on the competitive landscape of the global citronella oil market, providing readers with the dashboard of company analysis as well as the market players. Competitive intelligence provided by the report is based on providers’ categories in the value chain, and their presence in the global citronella oil market.

Research Methodology

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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Citronella Oil Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022