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Citrus Oil Market size was valued at US$ 4.5 billion by 2023 growing at a significant CAGR of 5.2% from 2024-2030. Citrus oil is a kind of vital oil used broadly in aromatherapy. Citrus oil consists of anti-oxidant properties, which counteract free radicals and reduce stress. As this oil is rich in limonene, it provides several health benefits. Health benefits include enhancing mood and balancing emotional status. It does this by working on the brain chemical as well as hormones. There is an increasing demand for citrus oil in the global market as there is a growing demand for citrus oil in the food and beverages industries. Another important factor driving citrus oil is the increasing demand for artificial drinks.
There are a number of manufacturers choose to use blending citrus oil in several food and beverage products for the enhancement of the flavours and fragrance. Citrus fruits like orange, lemon, and grapefruit are significant sources to get citrus oil. The beneficial properties of this oil and its easy availability are the prominent factors in increasing market growth. Increasing preference for use of fertilizer and pesticide sprays on the farm for augmenting the production yield is the major reason for limiting the market growth.
Furthermore, a lack of alertness about citrus oil in rising countries is anticipated to restrain market growth. Another leading reason to hinder the market growth is the undersized infrastructure of the retail channel in several emerging countries can limit the market growth. There is a lack of awareness in several emerging countries and consequently, this leads to a limit in the adoption of citrus oil. This factor is anticipated to limit the market growth during the forecasting period.
Study Period
2024-2030Base Year
2023CAGR
5.2%Largest Market
North AmericaFastest Growing Market
Europe
The demand within the global market for citrus oil has been rising on account of the medical benefits served by these oils. Moreover, the use of citrus oils in the food and beverages industry has also played an integral role in the growth of this market because citrus oil is used as a flavoring agent and taste-enhancer in several food products. It is safe to expect that the discovery of new uses and applications of citrus oil would further propel demand within the global market for citrus oil.Besides all this, the cosmetics industry has also emerged as a prominent consumer in the global market for citrus oil in recent times. The effect of citric products on human skin is believed to be a source of replenishment which is a key driver within the global market for citrus oil. Furthermore, the pharmaceutical industry is another key consumer in the global citrus oil market which shall in turn drive market demand in the years to come.
Developments in food industry are majorly driving the citrus oil market. Another major driving factor is usefulness of such oils becoming famous around different industries. Increasing demand for confectionary beverages, carbonated beverages and bakery products are further anticipated to increase the demand for the citrus in beverage industry, consequently driving the market growth for citrus oil. There is growing demand for natural formulations made from plant as it provides a number of health benefits without giving any side effect and this contribute to boost the market growth.
North America is the leading region to hold the market position in the year 2018, which recorded almost 36.4% market share followed by regions such as Asia Pacific and Europe.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 4.5 billion |
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Market CAGR |
5.2% |
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By Application |
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By Oil Type |
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By Region |
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The global citrus oil market size was valued at US$ 4.5 billion in 2023 and is projected to grow at a CAGR of 5.2% from 2024 to 2030.
Symrise AG, Bontoux, Citrosuco, Lionel Hitchen, Citrus and Allied Essences Ltd
Europe is the fastest-growing region in the market
| 1. Executive Summary |
| 2. Global Citrus Oil Market Introduction |
| 2.1.Global Citrus Oil Market - Taxonomy |
| 2.2.Global Citrus Oil Market - Definitions |
| 2.2.1.Application |
| 2.2.2.Type |
| 2.2.3.Fiber Type |
| 2.2.4.Region |
| 3. Global Citrus Oil Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Citrus Oil Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Citrus Oil Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Cosmetics & Personal Care Products |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Home Care Products |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Therapeutic Massage Oils |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Food & Beverage |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Other Industrial Applications |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6. Global Citrus Oil Market By Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Orange Oil |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Lemon Oil, |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Bergamot Oi |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Lime Oil |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Grapefruit Oil, |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Mandarin Oil |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global Citrus Oil Market By Fiber Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. UHMPE |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Aramid Fibers |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Glass |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8. Global Citrus Oil Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America Citrus Oil Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Cosmetics & Personal Care Products |
| 9.1.2.Home Care Products |
| 9.1.3.Therapeutic Massage Oils |
| 9.1.4.Food & Beverage |
| 9.1.5.Other Industrial Applications |
| 9.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Orange Oil |
| 9.2.2.Lemon Oil, |
| 9.2.3.Bergamot Oi |
| 9.2.4. Lime Oil |
| 9.2.5.Grapefruit Oil, |
| 9.2.6.Mandarin Oil |
| 9.3. Fiber Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.UHMPE |
| 9.3.2.Aramid Fibers |
| 9.3.3.Glass |
| 9.3.4.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Citrus Oil Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Cosmetics & Personal Care Products |
| 10.1.2.Home Care Products |
| 10.1.3.Therapeutic Massage Oils |
| 10.1.4.Food & Beverage |
| 10.1.5.Other Industrial Applications |
| 10.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Orange Oil |
| 10.2.2.Lemon Oil, |
| 10.2.3.Bergamot Oi |
| 10.2.4. Lime Oil |
| 10.2.5.Grapefruit Oil, |
| 10.2.6.Mandarin Oil |
| 10.3. Fiber Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.UHMPE |
| 10.3.2.Aramid Fibers |
| 10.3.3.Glass |
| 10.3.4.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 11.Asia Pacific (APAC) Citrus Oil Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Cosmetics & Personal Care Products |
| 11.1.2.Home Care Products |
| 11.1.3.Therapeutic Massage Oils |
| 11.1.4.Food & Beverage |
| 11.1.5.Other Industrial Applications |
| 11.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Orange Oil |
| 11.2.2.Lemon Oil, |
| 11.2.3.Bergamot Oi |
| 11.2.4. Lime Oil |
| 11.2.5.Grapefruit Oil, |
| 11.2.6.Mandarin Oil |
| 11.3. Fiber Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.UHMPE |
| 11.3.2.Aramid Fibers |
| 11.3.3.Glass |
| 11.3.4.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12.Middle East and Africa (MEA) Citrus Oil Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Cosmetics & Personal Care Products |
| 12.1.2.Home Care Products |
| 12.1.3.Therapeutic Massage Oils |
| 12.1.4.Food & Beverage |
| 12.1.5.Other Industrial Applications |
| 12.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Orange Oil |
| 12.2.2.Lemon Oil, |
| 12.2.3.Bergamot Oi |
| 12.2.4. Lime Oil |
| 12.2.5.Grapefruit Oil, |
| 12.2.6.Mandarin Oil |
| 12.3. Fiber Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.UHMPE |
| 12.3.2.Aramid Fibers |
| 12.3.3.Glass |
| 12.3.4.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13.Latin America Citrus Oil Market, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Application Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Cosmetics & Personal Care Products |
| 13.1.2.Home Care Products |
| 13.1.3.Therapeutic Massage Oils |
| 13.1.4.Food & Beverage |
| 13.1.5.Other Industrial Applications |
| 13.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Orange Oil |
| 13.2.2.Lemon Oil, |
| 13.2.3.Bergamot Oi |
| 13.2.4. Lime Oil |
| 13.2.5.Grapefruit Oil, |
| 13.2.6.Mandarin Oil |
| 13.3. Fiber Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.UHMPE |
| 13.3.2.Aramid Fibers |
| 13.3.3.Glass |
| 13.3.4.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Symrise AG |
| 14.2.2.Bontoux |
| 14.2.3.Citrosuco |
| 14.2.4.Lionel Hitchen |
| 14.2.5.Citrus and Allied Essences Ltd |
| 14.2.6.Citrus Oleo |
| 14.2.7.Mountain Rose Herbs |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.