Orange Oil Market: Demand Influenced due to Consumer Preference Fitting with Modern Lifestyle, reports Fact.MR| Market players Bontoux S.A.S, Symrise AG, Young Living Essential Oils LC, Mountain Rose Herbs, Biolandes
Consumers invariably incline towards products that do not carry any risk of side-effects. Orang oil are natural and usually do not cause any adverse reaction, which makes it a suitable ingredient for cosmetic, wellness, and food products. Many of the premium wellness products are prepared using pure orange oil. Moreover, the product is used in aromatic therapies as well as for food flavoring.
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There are some theories, suggesting that orange oil fragrance has antispasmodic, antidepressant and carminative properties. Rising standard of living and increasing disposable income is expected make a positive impact on the global sales of orange oil over the next couple of years. Nonetheless, orange oil being expensive is often tagged as a luxury product. Fact.MR projects that the global Orange Oil Market will increase at a compound annual growth rate of 4.0% during the forecast period (2017-2022).
The orange oil market in Europe is expected to register a notable growth over the forecast period. This is mainly owing to existence of a large pool of consumers who are willing to spend on premium beauty products, natural cosmetics and fragrances. In terms of revenue, the region is estimated to account for more than one-third share of the global market by the end of 2017.
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Based on product type, demand for bitter orange oil is expected remain relatively higher as compared to the variants. Bitter orange oil is extracted using cold-pressing process and is used for preparing lotions that can help in treating various skin conditions. Meanwhile, global sales of sweet orange oil is estimated to account for around for 23% revenue share of the market by 2017-end.
Between natural and organic orange oil, preference for the former is significantly high and the trend is likely to continue throughout the assessment period. Increasing application of orange oil in aromatherapy, therapeutics, cleaning & home, food & beverages, fragrances and toiletries manufacturing is reflecting favorably on its global market.
Some of the leading players operating in the global orang oil market include Symrise AG, Bontoux S.A.S., Lionel Hitchen (Essential Oils) Ltd, Young Living Essential Oils LC, Citrus Oleo Citrus and Allied Essences Ltd., doTERRA International, LLC, Mountain Rose Herbs, Inc., Citromax S.A.C.I., Citrosuco Paulista SA, Ultra International B.V., Plant Therapy Essential Oils, Aksuvital, Biolandes and Aromaaz International.
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