Riding on the Versatile Health Benefits Grapefruit Oil Market Continue to Witness Towering Demand || Key Players: Citromax Flavors, Inc. (Citromax S.A.C.I.), Fischer S/A - Com. Ind. e Agricultura

 Regulating healthy metabolism, boosting overall immunity, promoting body detoxification, and controlling blood pressure are among the key capabilities of grapefruit oil that enable it to be one of the most sought after natural essential oils worldwide. In addition, an expanding application base of grapefruit oil in food and allied industries, aromatherapy, and perfumeries point to promising prospects for the grapefruit oil market over the next few years.

Using grapefruit oil in aromatherapy products, scents and perfumes, and food and beverage flavoring agents promotes relaxation and stabilization of both mind and body, and relieve stress to a great extent. According to the forecast by a new research study on grapefruit oil market presented by Fact.MR, the global grapefruit oil market is slated to expand at a 4% CAGR in terms of revenue, over 2017-2022.

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Based on the source type, natural grapefruit oil is expected to remain superior in terms of sales revenue over organic grapefruit oil. In 2017, the former registered around two-third share of the total grapefruit oil market value, as indicated by the global grapefruit oil market report. The latter will however demonstrate growth at a moderate pace throughout the projection period.

Among different forms of grapefruit oil, the US$ 90 million worth concentrates will continue to hold an important position in the grapefruit oil market, exhibiting a steady CAGR towards 2022 end. Application-wise, aromatherapy is likely to remain one of the top areas of opportunity for grapefruit oil producers, estimated to be reaching beyond US$ 17 Mn by the end of forecast period. However, therapeutics and F&B will possibly outweigh aromatherapy in terms of market value share.

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In the backdrop of severe imbalance of grapefruit oil supply and demand observed over the recent past, the global grapefruit oil is witnessing a consistently sharp increase in the price of grapefruit oil. Although synthetic production of grapefruit oil from the widely available orange oil is possible, regulatory norms are likely to hit due to high energy consumption and toxic byproducts generation involved in the process.

The global grapefruit oil market report include Citromax Flavors, Inc. (Citromax S.A.C.I.), Fischer S/A - Com. Ind. e Agricultura (Citrosuco Paulista SA), Bontoux S.A.S, Citrus and Allied Essences Ltd, Citrus Oleo, Lionel Hitchen Essential Oils Ltd, Young Living Essential Oils LC:, Symrise AG, do Terra International, and Mountain Rose Herbs, Inc. Sustainable extraction of essential oils will remain the key strategy among a majority of players participating in the global grapefruit oil market space, in an effort to appeal to a larger consumer mass and comply with the regulatory standards. Some aromatherapy players and perfumeries are also patenting their brand new innovations in grapefruit oil formulations.

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This release was published on openPR.