Citrus Oil Market: Global Market Estimation, Dynamics, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Citrus Oil Market By Application (Cosmetics & Personal Care Products, Home Care Products, Therapeutic Massage Oils, Food & Beverage, Other Industrial Applications), By Type (Orange Oil, Lemon Oil, Bergamot Oil, Lime Oil, Grapefruit Oil, Mandarin Oil) and Geography (North America, Latin America, Europe, Asia Pacific and Middle East and Africa)

 

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Report

Description

citrus oil market Size is anticipated to value at US$ 4.5 billion till the forecasting year 2027 and expected to grow at a CAGR of 5.2% over the forecasting period 2020-2027. 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 growing demand for citrus oil by food and beverages industries. Another important factor driving the citrus oil is increasing demand for artificial drink. There are a number of manufacturers choose to use blending citrus oil in several food and beverage products for the enhancement of the flavor. Citrus fruits like orange, lemon and grapefruit are the major sources to get citrus oil. Beneficial properties of this oil and easy availability are the prominent factors to increase the market growth. Increasing preference towards use of fertilizer and pesticide sprays in the farm for augmenting the production yield is the major reason to limit the citrus oil market growth. Furthermore, lack of alertness about citrus oil in rising countries is anticipated to restrain the market growth. Another leading reason to hinder the citrus oil market growth is undersized infrastructure of the retail channel in several emerging countries can limit the market growth. There is lack of awareness in several emerging countries and consequently this leads to limit the adoption of citrus oil. This factor is anticipated to limit the market growth during the forecasting period.

Citrus Oil Market

MARKET SUMMARY
-
5.2% CAGR
  • Study Period– 2021-2027
  • Base Year– 2020
  • CAGR– 5.2%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Citrus Oil Market

  • The report on global Citrus Oil Market gives historical, current, and future market sizes (US$ Bn) on the basis of application, oil type and geography.
  • Citrus Oil Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Symrise AG
  • Bontoux
  • Citrosuco
  • Lionel Hitchen
  • Citrus and Allied Essences Ltd
Dynamics

Citrus Oil Market

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.


North-America got significant share

Citrus Oil Market

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 citrus oil 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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • This market study report focuses more on the global analysis of the Citrus Oil Market with recent developments and future evaluations to provide best investment options for the key players.
  • Complete analysis of aspects is discussed in the report which boom and restrict the global fecal occult testing market growth.
  • This market report also outlines the identification of key players, which influence the market growth. It further evaluates factors, which can change the market scenario.
  • Current and upcoming trends are also discussed in the report for the forecasting period 2020-2027 to identify the prevailing opportunities in the market.
  • This research analysis also covers key players along with their profiles. Strategies that key players follow are also analyzed in the report to give the fair idea about competitive outlook of the market.

Citrus Oil Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • Symrise AG
  • Bontoux
  • Citrosuco
  • Lionel Hitchen
  • Citrus and Allied Essences Ltd
  • Citrus Oleo
  • Mountain Rose Herbs

Description

citrus oil market Size is anticipated to value at US$ 4.5 billion till the forecasting year 2027 and expected to grow at a CAGR of 5.2% over the forecasting period 2020-2027. 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 growing demand for citrus oil by food and beverages industries. Another important factor driving the citrus oil is increasing demand for artificial drink. There are a number of manufacturers choose to use blending citrus oil in several food and beverage products for the enhancement of the flavor. Citrus fruits like orange, lemon and grapefruit are the major sources to get citrus oil. Beneficial properties of this oil and easy availability are the prominent factors to increase the market growth. Increasing preference towards use of fertilizer and pesticide sprays in the farm for augmenting the production yield is the major reason to limit the citrus oil market growth. Furthermore, lack of alertness about citrus oil in rising countries is anticipated to restrain the market growth. Another leading reason to hinder the citrus oil market growth is undersized infrastructure of the retail channel in several emerging countries can limit the market growth. There is lack of awareness in several emerging countries and consequently this leads to limit the adoption of citrus oil. This factor is anticipated to limit the market growth during the forecasting period.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX