Citronella Oil Market Growth with Worldwide Industry Analysis to 2024
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The global citronella oil market is primarily driven by the increasing demand from perfume and cosmetic industries. Citronella oil offers wide remedies some of which are anxiety and stress control, ability to eject bugs and leeches from body etc. Citronella oil prevents the spread of internal and external infections. These are some of the factors which is boosting the global citronella oil consumption. Furthermore, citronella oil has some unique properties such as distinctive olfactory and steady technical properties. These properties are highly essential for industries such as perfume to incorporate appropriate blending and compounding essences which in turn actually drives the global citronella oil market.
However, the substitute for citronella oil such as synthetic isolates from eucalyptus citriodora and turpentine oil might restrain the global citronella oil market
The global citronella oil market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). APEJ holds the major share in the global citronella oil market owing to the high production of essential oils for fragrance and flavour industry and also shares major contribution in essential oils export. The major countries such as Shri Lanka, India, China, Java, Indonesia and Taiwan tops the citronella oil market in terms of production in APEJ region. Followed by APEJ is North America and Europe and are expected to grow at moderately high CAGR during the forecast period. Latin America is anticipate to project stable growth rate in terms of value during the forecast period.
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Some of the key players identified in the global citronella oil market includes:
Reho Natural Ingredients
Manohar Botanical Extracts Pvt. Ltd.
KIC Chemicals, Inc.
Wuhan Dahua Weiye Pharmaceutical Chemical Co., Ltd.
Fujian Gaoke Daily Chemical Co., Ltd.
AOS Products Private Ltd
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