Global Citrus Oil Market: Overview

Citrus fruits are spicy having a piercing flavor such as grapefruit, lemon, and orange. The key constituent of citrus oil is an antioxidant well-known as D-limonene having a concentration of limonene. Citrus oil is one of the most used essential oil worldwide as it contains numerous clinical belongings like anti-cancer, anti-oxidant, diuretic, anti-bacterial, antiseptic, weight losing, uplifting, acid neutralizing, right brain stimulating, as an appetizer, anti-depressant, anti-coagulant, and immunity stimulating.

Moreover, rising consumer awareness regarding the benefits of citrus essential oils is the major factor escalating the overall market growth. In addition, the inclination of consumers towards organic products made of natural ingredients as compared to their artificial counterparts is also driving the demand for citrus essential oils. Furthermore, increasing demand for citrus oils in the food industry is also a key factor anticipated to drive the growth of the global citrus oil market over the coming years.

An increasing number of clinics and wellness centers and the shifting of preference towards preference towards natural medicines among consumers, adoption of essential oils in cosmetics and personal care products is another factor fueling the growth of the global citrus oil market. Increasing usage of citrus oil as a therapeutic massage oil and for aromatherapy due to a rising preference for natural fragrances, are factors expected to drive the growth of the global citrus oil market. However, the high price of citrus oil and perishable nature restraint the demand of global citrus oil market. Nevertheless, promotional activities and development activities for cost-effective citrus oil to spread awareness regarding the benefits of citrus oils can create higher revenue opportunities for players in the global market.

Global Citrus Oil Market- Product Analysis

Global citrus oils market can be segmented on the basis of product type which includes orange oil, lemon oil, lime oil, grapefruit oil, and others. Among all these types, the orange oil market is expected to grow quickly in the forecast period as orange oil is readily available and the most inexpensive of all essential oils. Due to its aromatic and blending properties, and wide usage as commercial cleaners it is highly preferred by consumers. Hence, the easy availability and useful properties of citrus oil cumulatively result in the creation of commendable growth opportunities within the global citrus oil market. The market share of this segment is larger as the oil extracted from orange helps to slow down the growth of the cancer cells, as it possesses anti-oxidant properties.

Global Citrus Oil Market- Application Analysis

Global citrus oil market can be segmented on the basis of application as Food & Beverages, Personal Care & Cosmetics, Aromatherapy, Pharmaceuticals, and Others. Food & Beverages segment is anticipated to hold the major share in application segment followed by the cosmetics and personal care segments during the forecast period. In Food & Beverages industry citrus oils are used to add sweet, refreshing flavor to beverages like tea, water, or smoothies, and enhance recipe for baked goods like scones, muffins, or cookies. It can also be used for adding flavor to yogurt, and salsa recipes. Moreover, the steadily growing demand for plant extracts in food and beverages industry such as colorants and flavorings, and to enhance nutritional content of food products is propelling growth of the citrus oil market.

Global Citrus Oil Market- Regional Analysis

Global citrus oil market can be segmented on the basis of region as North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific region is expected to be the fastest growth region during the forecast period, with healthy growth rate among all the regions. The major factor attributed to the growth is the increasing demand for natural ingredients in cosmetics, pharmaceutical, and food & beverages industries in this region. On the other hand, Europe is expected to hold the largest market share in terms of value for citrus oils, owing to increasing consumer sophistication, demand for natural cosmetics, fragrance, beauty products and medicines.

Global Citrus Oil Market: Competitive Landscape

Some of the leading and promising manufacturers operating in the global citrus oil market includes include Symrise AG, Lionel Hitchen (Essential Oils) Ltd, Bontoux S.A.S., Citrus and Allied Essences Ltd., Young Living Essential Oils LC, Citrus Oleo, Mountain Rose Herbs, Inc., doTERRA International, LLC., Citrosuco Paulista SA, Citromax S.A.C.I. Pharmaceuticals. Key Players are investing in innovation/R&D, brand building, and fostering strong relationships with customers to enhance their competitive position.

Objective of the Study:

·         To analyze and forecast market size of the global citrus oil market, in terms Value.

·         To examine the careful market segmentation and forecast the market size, on the basis of region, segmented into 5 regions, namely, North America, Europe, Asia Pacific, MEA, & LATAM and major countries in the respective regions

·         To outline, categorized and forecast the global citrus oil market on the basis of type, extraction method and application and distribution channel.

·         To examine competitive developments like expansions, technological advancement, new product launches, and regulative framework within the global citrus oil market.

·         To identify the drivers and challenges for global citrus oil market.

·         To spot the profile of leading players and an array of strategy outlook and SWOT analysis of major industry players.

Scope of the Report

By Product

·         Orange Oil

·         Lemon Oil

·         Lime Oil

·         Grapefruit Oil

·         Others

By Extraction Method

·         Steam Distillation

·         Cold Pressed

·         Hydro Distillation

By Distribution channel

·         Retail Store

·         Specialty Store

·         Online stores

·         Others

By Application

·         Food & Beverages

·         Personal Care & Cosmetics

·         Aromatherapy

·         Pharmaceuticals

·         Others

In addition, the report provides analysis of the citrus oil market with respect to the following geographic segments:

·         North America

·         Latin America

·         Asia Pacific (APAC)

·         Europe

·         Middle East Africa

Customization Scope for the Client

Client satisfaction is our first and last priority. And that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

·         With three additional company detail analysis.

·         Additional country analysis.

·         Detailed segment analysis.