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With 4.1% CAGR, Citrus Essential Oil Market Is Projected To Expand At A Valuation of US$ 6 Billion by 2032

11-10-2022 04:31 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: fact.mr

citrus oil

citrus oil

The global citrus essential oil market is projected to expand at a CAGR of 4.1% and hit a valuation of US$ 6 billion by 2032, up from its current size of US$ 4 billion in 2022.

Citrus oil is an essential oil found in the peels of citrus fruits such as grapefruit, lemon, oranges, bergamot, and tangerines. The oil is produced from citrus fruit skins via cold pressing or steam distillation and has numerous applications in several industries due to its antibacterial, skin-nourishing, and medicinal characteristics. Citrus essential oils contain limonene, which has several health advantages. Moreover, it includes antioxidant characteristics that aid in the neutralization of free radicals and the alleviation of stress.

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Key Takeaways:

• By product type, the orange oil segment is expected to dominate the citrus oil market by generating a value of over US$ 1,200 Million by the end of 2022.

• Based on extraction method, the distillation category is expected to surpass a valuation of more than US$ 700 Million by 2022.

• In terms of application, the food and beverage segment is projected to be valued at US$ 700 Million by the end of 2022.

• By sales channel, the specialty stores category is estimated to generate significant revenue by the end of 2022.

Growth Drivers:

• Rising popularity of citrus oils containing antibacterial, antioxidant, and antiseptic properties is expected to boost growth.

• Increasing demand for aromatherapy products like essential oils in developed countries is likely to push sales of citrus oils.

Restraints:

• Certain citrus oil can lead to irritation in some people when directly applied to the skin, which may hamper sales.

• Lemon-based essential oils can cause photosensitivity when used topically and it can thus hinder growth in the next decade.

To learn more about citrus essential oil market, you can get in touch with our Analyst

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Competitive Landscape:

Due to growing competition, manufacturers of citrus oil are attempting to diversify their product lines. They are also focusing on targeting specific regions with their product offerings.

Citrus oils are showcasing high demand because of their beneficial properties, which has further led producers to enter into long-term contracts with food & beverage and cosmetics & personal care firms in order to expand their customer base.
Furthermore, leading players are focusing on inorganic strategies like alliances and acquisitions to expand their product lines and cater to the rising demand for citrus oils across the globe. Key players are also collaborating with celebrities to co-develop new products in the market.

For instance,

• In July 2022, Ashley Tisdale, an American actress and singer, unveiled Being Frenshe, her new skin care line that is available at Target. It includes five scents, including Balance & Harmony, Unwind & Rest, Joy & Bliss, Awaken & Uplift, and Soothe & Comfort. Out of these, the Awaken & Uplift perfume has orange blossom, lemon, golden musk, and citrus amber.

• In February 2022, Down Under Enterprises Pty. Ltd. introduced its new Organic Lemon Myrtle Oil. It is certified to BioCE and Organic NOP (USDA) standards. It can be used as an antimicrobial active and a formulation preservative in personal care products.

Key Companies Profiled by Fact.MR

• Biolandes Sa
• Citrus and Allied Essences Ltd.
• Symrise AG
• Young Living Essentials Oils LC
• Givaudan SA
• International Flavors & Fragrances Inc.
• DoTERRA International LLC
• The Lebermuth Co.Inc.
• Citrosuco Gmbh
• Farotti Srl.

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More Valuable Insights on Citrus Oil Market
In the latest study, Fact.MR offers a detailed study on the global citrus oil market for the forecast period of 2017 to 2022. This study also highlights key drivers promoting the sales of citrus oil through detailed segmentation as follows:

By Product Type:

• Orange Oil
• Lemon and Lime Oil
• Others

By Extraction Method:

• Distillation
• Solvent Extraction
• Cold Pressing
• Other Extraction Method

By Application:

• Personal Care and Cosmetics
• Food and Beverages
• Pharmaceutical
• Aromatherapy
• Industrial
• Other Application

By Sales Channel:

• Specialty Stores
• Modern Trade
• Drug Stores
• Online Stores
• Other Sales Channel

By Region:

• North America
• Latin America
• Europe
• Japan
• APEJ
• MEA

Questionnaire answered in the Citrus Essential Oil Market report include:

• How the market for Citrus Essential Oil has grown?
• What is the present and future outlook of the global Citrus Essential Oil on the basis of region?
• What are the challenges and opportunities for the Citrus Essential Oil?
• Why the consumption of Citrus Essential Oil highest in region?
• In which year segment is expected to overtake segment?

What makes Fact.MR report stand out from others?

• MR follows a six-point mechanism known as E.V.O.L.V.E. (Evaluate. Visualize. Overcome. Leverage. Verify. Eradicate.). The report is specially created to assess the COVID-19 impact on the Citrus Essential Oil market. This mechanism focuses on almost all the factors in a definite manner to provide the best research report for the market stakeholders.

• Evaluate: A Fact.MR report evaluates every small aspect that can prove to be a growth generator for the Citrus Essential Oil market, thus, making it different and special from other reports.

• Visualize: The authors involved in the research activities visualized the post-COVID-19 era so that the key stakeholders of market get an overview and helps them take certain steps to ensure continuous growth during the forecast period.

• Overcome: The report scrutinizes on points that can prove to be an Achilles heel to the Citrus Essential Oil market and assists to create strategies to overcome the obstacles that may hinder the growth of the Citrus Essential Oil market.

• Leverage: The Citrus Essential Oil market can leverage certain aspects that can prove beneficial for the increase in growth rate. Fact.MR covers all the points on which the key stakeholders can leverage upon.

• Verify: Research is done systematically to assure validation of all the aspects covered in the report. All the points are rechecked and verified thoroughly to avoid flaws and fake information.

• Eradicate: Last but not the least, this aspect helps the key stakeholder eradicate all the obstacles that come between the growth rate and the Citrus Essential Oil market.

Explore Fact.MR's More Insights on the Food & Beverage Domain

https://www.prnewswire.com/news-releases/probiotic-soda-market-to-grow-two-fold-as-on-the-go-consumption-trend-gains-impetus-301590969.html

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