Bergamot Oil Market: Bergamot Oil Stakeholders Continues to Seek Lucrative Avenues in the Fragrance Industry || Key Players: Citromax Flavors, Inc. (Citromax S.A.C.I.), Symrise AG, Bontoux S.A.S., Young Living Essential Oils LC and Citrus Oleo.

Fact.MR has compiled a market research study on the bergamot oil market that delivers compelling insights regarding the evolving global landscape. The report foresees that the bergamot oil market is expected to witness a moderate CAGR of 3.9%. Steady demand in the fragrance industry, emerging applications in the supplements and growing utilization of natural ingredients in the pharma sector are expected to propel the bergamot oil market.

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Myriad of applications across multiple industries is the prime driver identified in the report to support the steadily growing market for bergamot oil. Fact.MR study shows that the bergamot oil market is expected to witness 1.2x growth and surpass US$ 29 million by 2022 end.

Supplement Industry to Serve as a New Venture for Bergamot Oil Manufacturers

Bergamot oil is being actively explored by the supplement industry recently. Multiple phenolic compounds found in bergamot oil deliver anti-oxidant, anti-inflammatory and cholesterol-lowering properties. The latter property is explored in nutraceuticals for developing cardio-protective supplements. A number of bergamot formulations in the form of supplements are available in the bergamot oil market or are in pipeline of clinical approvals.

Use of bergamot oil as a perfume ingredient in the fragrance industry is highly valued since older times. Along with the fragrance, the bergamot oil has disinfectant properties and the combination of these properties are explored in the fragrance industry to manufacture fragrance oils that are used in the production of perfumes, deodorants, aromatherapy oils, air fresheners, cosmetics, skin care products and scented candles.

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North America market will continue to grow at a steady pace and account for nearly US$ 7.5 million by 2022 end. Report opines that FDA regulations regarding fragrance additives are limited to maintaining the ingredients safe for consumers and their mention in product labels. Due to favorable regulations, steadily rising fragrance industry is reporting higher demand for bergamot oil in North America.

Potential health benefits of bergamot oil have led to its increasing application in the pharma sector where the bergamot oil is being explored as an active pharmaceutical ingredient. In addition, important biological properties of bergamot oil components are being used in the supplements industry for the manufacture of cardio-protective supplements.

 Few of the key market players identified in the bergamot oil market report include Citrus and Allied Essences Ltd., do Terra International, Fischer S/A - Com. Ind. e Agricultura (Citrosuco Paulista SA),  Lionel Hitchen Essential Oils Ltd., Mountain Rose Herbs, Inc., Citromax Flavors, Inc. (Citromax S.A.C.I.), Symrise AG, Bontoux S.A.S., Young Living Essential Oils LC and Citrus Oleo.

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This release was published on openPR.