Global demand for Citronella Oil Market to reach US$ 99.2 million by 2030 with a consumption of more than 4.5 kilo tons.

Global Citronella Oil Market is valued at US$ 64.6 million in 2022 and is expected to grow at a significant CAGR of over 5.5% over the forecast period of 2023-2030, according to the latest market report by RationalStat

Market Definition, Market Scope, and Report Overview

The need for citronella oil is rising across a range of industries, including food and beverage, pharmaceuticals, and industrial, which is fueling the market's expansion. Milk and dairy products, drinks, canned/preservative fruit and vegetables, prepared meals, meat, poultry, and seafood are just a few of the products that use citronella oil. Over the course of the forecast period, the bakery and confectionery category is anticipated to grow significantly. It is frequently included in baking to boost flavor.

Due to its ability to prevent yeast growth and activity in the dough, salt is a crucial component in the baking of bread. By reducing the temperature at which cake batter caramelizes, salt also aids in the production of crust color.

• According to a deep-dive market assessment by RationalStat, the global citronella oil market has been analyzed on the basis of market segments, including on source, form, application and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.

• Market intelligence for the global citronella oil market covers market sizes on the basis of market value (US$/EUR Million) and volume (Liters/Tons) by various products/services/ equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

• In addition, the long-term sector and products/services 10-year outlook
and its implications on the global citronella oil market. It also includes the industry's current state - Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Citronella Oil Market: Segmental and Market Share Analysis
• On the basis of source, natural segment dominates the global citronella oil market. There has been a global trend towards natural and organic products across various industries, including cosmetics, personal care, and healthcare.
• On the basis of region, During the forecast period, Latin America is expected to exhibit steady value growth.

Report Synopsis

Report Metrics Details
Base Year 2022
Forecast Period 2023-2030
Base Year Market Size US$ 64.9 million
Market Size Forecast US$ 99.2 million
Growth Rate 5.5%

Key Market Drivers
• Rising Use of Citronella Oil in Aromatherapy
• Increasing Demand from Insect Repellent Products

Companies Profiled
• Fajar Surya Wisesa
• Nirmala Chemical Industries
• Eaglemoss Essential Oil
• PT. Aneka Aroma
• Krishna Essential Oils
• PT. Mitra Ayu Abadi
• Aroma Naturals
• Henan Botanical Extracts
• AG Industries
• Green Fields Oil Factory Limited
• Plant Therapy Essential Oils
• Synthite Industries Ltd.

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Competition Analysis and Market Structure

These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global citronella oil market include,

• In February 2022, A new variety of citronella plant with a high essential oil content has been discovered, according to the Indian Council of Agricultural Research (ICAR). The new type is anticipated to boost oil production and boost farmer income.

Some of the prominent players and suppliers operating and contributing significantly to the global citronella oil market growth include Fajar Surya Wisesa, Nirmala Chemical Industries, Eaglemoss Essential Oil, PT. Aneka Aroma, Krishna Essential Oils, PT. Mitra Ayu Abadi, Aroma Naturals, Henan Botanical Extracts, AG Industries, Green Fields Oil Factory Limited, Plant Therapy Essential Oils, and Synthite Industries Ltd. among others.

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RationalStat has segmented the global citronella oil market based on source, form, application and region
• Global Citronella Oil Market Value (US$ Million), Volume (Liters/Tons), and Market Share (2019-2030) Analysis by Source
o Natural
o Organic
• Global Citronella Oil Market Value (US$ Million), Volume (Liters/Tons), and Market Share (2019-2030) Analysis by Form
o Absolute
o Concentrates
o Blends
• Global Citronella Oil Market Value (US$ Million), Volume (Liters/Tons), and Market Share (2019-2030) Analysis by Application
o Therapeutics
o Aromatherapy
o Food & Beverages
o Cosmetics
o Toiletries
o Fragrances
o Others (Cleaning & Home, etc.)
• Global Citronella Oil Market Value (US$ Million), Volume (Liters/Tons), and Market Share (2019-2030) Analysis by Region
o North America Citronella Oil Market
 US
 Canada
o Latin America Citronella Oil Market
 Brazil
 Mexico
 Rest of Latin America
o Western Europe Citronella Oil Market
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe Citronella Oil Market
 Russia
 Poland
 Hungary
 Other CIS Countries
 Rest of Eastern Europe
o Asia Pacific Citronella Oil Market
 China
 Japan
 India
 South Korea
 Australia
 ASEAN
• Indonesia
• Thailand
• Philippines
• Vietnam
• Malaysia
• Rest of ASEAN
 Rest of Asia Pacific
o Middle East & Africa Citronella Oil Market
 GCC
• Saudi Arabia (KSA)
• United Arab Emirates (UAE)
• Rest of the GCC
 South Africa
 Nigeria
 Turkey
 Rest of the Middle East & Africa

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Key Questions Answered in the Citronella Oil Report:
• What will be the market value of the global citronella oil market by 2030?
• What is the market size of the global citronella oil market?
• What are the market drivers of the global citronella oil market?
• What are the key trends in the global citronella oil market?
• Which is the leading region in the global citronella oil market?
• What are the major companies operating in the global citronella oil market?
• What are the market shares by key segments in the global citronella oil market?

Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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RationalStat LLC
Kimberly Shaw,
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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
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