Press release
Orange Oil Market is Anticipated to Increase to US$ 2,012 Mn by 2022
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Following are the key predictions from Fact.MR’s forecast on the global market for orange oil.
Among regions, Europe is projected to remain the most lucrative market for orange oil during the forecast period. This is primarily due to presence of a large pool of premium class consumers in the region who seek for high quality beauty and wellness products, fragrances and natural cosmetics. The region is expected to command for over one-third market share in terms of revenue by 2017-end.
By product type, the bitter orange oil segment is anticipated to account for relatively higher share than other variants value share of the market through the forecast period. Bitter orange oil is usually obtained through cold-pressing and is use for manufacturing of various skincare products. Meanwhile, sweet orange oil sales are also expected to witness an uptick over the next five years. In terms of revenues, sweet orange oil sales currently command for nearly 23% share of the global market.
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Between organic and natural oil, demand for the latter is projected to remain significantly strong in 2017 and beyond. Growing application of orang oil in therapeutics, food & beverages, toiletries, aromatherapy, cleaning & home, and fragrances products manufacturing is proving favorable for the future prospect of the market.
By distribution channel, the modern trade segment is projected to account for over 44% revenue share of the market by 2017 end and is likely to remain dominant throughout the assessment period.
Competition Tracking
Aromaaz International, Aksuvital, Ultra International B.V., Citromax S.A.C.I., doTERRA International, LLC, Citrus Oleo, Lionel Hitchen (Essential Oils) Ltd, Symrise AG, Bontoux S.A.S., Young Living Essential Oils LC, Citrus and Allied Essences Ltd., Mountain Rose Herbs, Inc., Citrosuco Paulista SA, Plant Therapy Essential Oils, and Biolandes are some of the top companies profiled in the Fact.MR report.
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