Press release
Demand For Citronella Oil In Absolute Form Is Anticipated To Gain Traction During The Forecast Period 2021-2031
Market OverviewEssential oils have gradually treaded beyond their conventional application in therapeutics and aromatherapy. The global food & beverage sector is witnessing an increasing adoption of citronella oil in the production of new food items and beverages.
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Considering the easy procurement of raw lemongrass, manufacturers of citronella oil products are less likely to face any technical and financial barriers while extending their production capacity.
Increasing applications of perfumery chemicals such as geraniol are expected to have an influence on the global sales of citronella oil. However, a lack of awareness regarding the benefits of such products is expected to impact the expansion of the global market for citronella oil in the years to come.
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Market Taxonomy
By Source Type
Natural
Organic
By Form Type
Absolute
Concentrates
Blends
By Application
Therapeutics
Aromatherapy
Food & Beverages
Cosmetics
Toiletries
Fragrances
Cleaning & Home
Others
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Competition Tracking
The report has profiled leading manufacturers of citronella oil which will shape the competitive landscape of the global market.
Through 2022, companies which are expected to actively partake in the growth of global citronella oil market include,
Bio Extracts private limited
Synthite Industries Ltd.
DoTERRA International
Greenleaf Extractions Pvt Ltd
Young Living Essential Oils LC
Natures Natural India
Shaanxi Guanjie Technology Co.
IL Health and Beauty Natural Oils Co. Inc.
Aromaaz International
Linonel Hitchen Essential Oils Ltd
Green Fields Oil Factory
Plant Therapy Essential Oils
Aksuvital.
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Market Analysis – By Form, Applications & Distribution
Demand for citronella oil in absolute form is anticipated to gain traction. The report projects that concentrates of citronella oil will witness a relatively lower demand due to their limited application. In addition to this, the market will also witness a sluggish growth for blended citronella oil products, pertaining to complexities in their production.
In 2017 and beyond, a majority of citronella oil will be used in production of food products & beverages. Being the largest application, sales of citronella oil in food & beverage production is expected to contribute more than US$ 14 Mn by the end of 2022.
The report also projects that modern trade outlets will account for largest revenue share in terms of global distribution of citronella oil. Online sales of citronella oil products are also expected to gain momentum, towards the end of forecast period, reflecting a steady growth at 4.8% CAGR.
For More Insights- https://www.einpresswire.com/article/556413345/emphasis-on-making-reusable-n-95-respirator-owing-to-covid-19-is-strengthening-the-demand-for-washable-and-reusable-mask
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