openPR Logo
Press release

New report projects Citrus Oil Market revenues to rake in at a CAGR of 5.4% during 2022

10-15-2018 11:44 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

New report projects Citrus Oil Market revenues to rake in at a CAGR

Growing demand for healthy food products has led to an upsurge in demand for citrus oil in the food and beverages industry. In addition, surge in demand for range of artificial drink concentrates is projected to contribute towards growth of the global market positively. According to a recently compiled report by Fact.MR, the global citrus oil market is projected to register a CAGR of 5.4% over the forecast period, 2017-2022.

Factors Fuelling Growth of the Global Market

Growth of the global citrus oil market is bound to several micro-economic and macro-economic factors. Consumption of the citrus oil continues to remain high in the food and beverage industry attributed to several health-related benefits. With growing demand for artificial drink concentrates, growth of the global citrus oil market is projected to increase in the upcoming years. Moreover, the manufacturers increasingly use citrus oil in order to enhance the flavor of the beverage and food products. Bound to these factors, citrus oil is projected to witness an upsurge in demand in the food and beverages industry globally.

You can Get Free Sample Report Here @ https://www.factmr.com/connectus/sample?flag=S&rep_id=279 

In addition to the food and beverages industry, demand for citrus oil is projected to witness an upsurge in the aroma industry. Refreshing and relaxing fragrance products including bath additives, and massage oil continue to witness an upsurge in demand for aromatherapy. Moreover, use of fragrance products with an uplifting aroma for treatment of depression is further likely to contribute towards growth of the global citrus oil market. Apart from food and beverages, and aroma industry, demand for citrus oil will continue to remain high in the cosmetic and personal care industry. Manufacturers in the cosmetic industry prefer using citrus oil in range of products as it helps in clearing the excess oil, and dead skin. Citrus oil is further known as the natural toner, and is increasingly used in a range of skin products. These factors are likely to encourage progress of the global citrus oil market over the forecast period.

While the overall outlook of the global market growth seems to remain positive, growing prevalence of allergic reactions during application of aromatherapy products is likely to dip demand for citrus oil. Moreover, application and inhalation of various personal care and cosmetic products could result in allergic reactions that cause irritation, asthma, and redness. Application of citrus oil can further lead to deep skin burns as it is sensitive to the ultraviolet rays. These factors are likely to inhibit growth of the global citrus oil market over the forecast period.

Food & Beverage Industry to Represent a Dominant Segment

As demand for refreshing and relaxing food products increases, manufacturers turn to blend citrus oil in order to offer desired flavor. Orang oil continue to sell more than the other products in the global citrus oil market. Currently, the orange oil products type segment is projected to represent more than US$ 1,200 Mn, reflecting a relatively high CAGR in the global market through 2022.

Request Methodology @ https://www.factmr.com/connectus/sample?flag=RM&rep_id=279

By extraction method, the distillation segment is projected to dominate, representing more than US$ 700 Mn by 2017-end. During the forecast period, the distillation segment is projected to reflect a robust CAGR as compared to other extraction methods.

Demand for the citrus oil will continue to remain concentrated in the food & beverages industry. According to the report, the food & beverages application segment is projected to represent more than US$ 700 Mn by 2022-end. However, demand for citrus oil products will continue to grow faster in the personal care and cosmetic industry globally.

Citrus acid is projected to witness significant sales growth through specialty stores sales channel, representing more than US$ 700 Mn by 2017-end. Sales of the citrus oil through modern trade is projected to reflect the fastest growth as compared to other channels in the global market throughout 2022.

Report Analysis@ https://www.factmr.com/report/279/citrus-oil-market

Market Players

Major players in the global market of citrus oil are Citrus and Allied Essences Ltd., Biolandes Sa, Young Living Essentials Oils LC, Symrise AG, International Flavors & Fragrances Inc., Givaudan SA, The Lebermuth Co., Inc., DoTERRA International LLC, Farotti Srl, and Citrosuco Gmbh. 

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us

Fact.MR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Follow us in Linkedin: https://www.linkedin.com/company/factmr/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release New report projects Citrus Oil Market revenues to rake in at a CAGR of 5.4% during 2022 here

News-ID: 1303209 • Views:

More Releases from Fact.MR

System Integration Market Is Projected To Rise At A CAGR Of 18.7% Through 2034: Fact.MR Report
System Integration Market Is Projected To Rise At A CAGR Of 18.7% Through 2034: …
The global system integration market is estimated to have a valuation of US$ 401.8 billion in 2024. Projections put the CAGR of the market for the 2024 to 2034 period at a remarkable 18.7%. The market's growth over the forecast period is set to inflate significantly, reaching a projected value of US$ 2,236.6 billion by 2034. The System Integration Industry sales study offers a comprehensive analysis on diverse features including production
Bromelain Market Is Forecasted To Reach US$ 56.2 Million By The End Of 2034: Fact.MR Report
Bromelain Market Is Forecasted To Reach US$ 56.2 Million By The End Of 2034: Fac …
Bromelain market size is pegged at US$ 27.3 million for 2024. Worldwide demand for bromelain is predicted to increase at a robust CAGR of 7.5% and reach a market value of US$ 56.2 million by the end of 2034. The Bromelain Industry sales study offers a comprehensive analysis on diverse features including production capacities, Bromelain demand, product developments, sales revenue generation and Bromelain market outlook across the globe. market research report by
Writing Instruments Market Is Projected To Reach US$ 20.54 Billion By The End Of 2034: Fact.MR Report
Writing Instruments Market Is Projected To Reach US$ 20.54 Billion By The End Of …
The global writing instrument market size is calculated at US$ 14.28 billion for 2024 and is projected to reach US$ 20.54 billion by 2034-end. Worldwide demand for writing instruments is projected to expand at a CAGR of 3.7% from 2024 to 2034. The Writing Instrument Industry sales study offers a comprehensive analysis on diverse features including production capacities, Writing Instrument demand, product developments, sales revenue generation and Writing Instrument market outlook
Lifesciences Data Mining and Visualization Market Rising at 9.1% CAGR to Reach US$ 19.9 Billion by 2033
Lifesciences Data Mining and Visualization Market Rising at 9.1% CAGR to Reach U …
The worldwide data mining and visualization market in the life sciences sector is projected to exceed $8.3 billion by 2023 and is expected to grow at a compound annual growth rate (CAGR) of 9.1%, reaching $19.9 billion by 2033. In 2022, revenue from data mining and visualization in the life sciences amounted for 7% of the total data analytics market. 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗮 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗢𝗳 𝗥𝗲𝗽𝗼𝗿𝘁: https://www.factmr.com/connectus/sample?flag=S&rep_id=459 Using data mining and visualization

All 5 Releases


More Releases for CAGR

Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn. Predictive analytics is segmented into: Risk management:
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population. ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and