Bergamot Oil Market Forecast for Incremental CAGR Growth by 2022

Bergamot oil is a name designated after the city of Bergamo located in Lombardy, Italy, and is derived from cold-pressing the rind of an almost-ripe fruit of the bergamot tree. It is also known as Citrus bergamia and belongs to the Rutaceae family. The bergamot tree is grown by the cross-breeding of the lemon tree with the orange tree, due to which it has a pear-like shape, and is yellow in color.

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Bergamot oil has a variety of uses due to which it is becoming rapidly popular with the consumers. The special components found in the bergamot oil are antidepressant and stimulating in nature, and create a sense of zeal and enthusiasm by improving the blood circulation. Bergamot oil also helps in maintaining the proper metabolism of the body, by stimulating the hormonal secretions. Bergamot oil also aids in proper secretion of the digestive juices, bile and insulin, thereby helping the process of digestion in the body and maintaining proper sugar levels in the body. Bergamot oil is also antiseptic in nature. It also works as an analgesic, and reduces the feeling of pain in the body. Apart from these incredible benefits, bergamot oil is also used in aromatherapy, food and beverages, cosmetics and toiletries.

Key takeaways from the global bergamot oil market

1) The bergamot oil market in Europe is expected to dominate the global market in terms of revenue in the year 2017, and will continue to do so till the end of the assessment period in the year 2022, growing at a moderate CAGR.
2) As far as the bergamot oil market’s source type segments are concerned, the natural segment is the largest one, which represents nearly two-thirds of the market in the year 2017. The absolute growth of the natural segment is larger than any other segment in the source type segment.
3) As per the forecast of Fact.MR, the North America bergamot oil market will grow at a sluggish CAGR during the assessment period.
4) Fact.MR forecasts that the organic segment is poised to grow to US$ 11 Mn in the year 2022. The organic segment will grow at a moderate CAGR during the assessment period and will account for nearly one-third of the revenue share of the source type segment in the year 2017.
5) As per the findings of the Fact.MR report on the global bergamot oil market, the absolute segment is poised to reach a value of US$ 11.9 Mn at the end of the assessment period in the year 2022. The absolute segment is estimated to account for more than one-third of the revenue share of the form type segment by the year 2017.

Europe is the Most Attractive Market for Bergamot Oil
Europe is going to be the most attractive market for bergamot oil in revenue terms in the year 2017 and this trend is projected to sustain itself all through the forecast period from 2017 till 2022. The Europe market is forecasted to exhibit a CAGR of 4.9% during the forecast period.

Organic Segment to Demonstrate a Moderate CAGR during the Forecast Period
As per the forecast of Fact.MR, the organic segment is poised to reach a value of US$ 11 Mn in the year 2022. This represents a moderate CAGR growth for the segment during the forecast period. Organic segment is estimated to account for more than one-third of the revenue share of the source type segment by the year 2017. The largest share is contributed by Europe in the organic bergamot oil market. Growing preference for organic products in the European market is attributed to be the cause of this trend.

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Aromatherapy Segment to Garner Significant Revenues in the Global Bergamot Oil Market
As per the forecast of Fact.MR, the aromatherapy segment was valued at US$ 4.8 Mn in the year 2017 and is poised to exhibit a moderate CAGR during the forecast period. Aromatherapy segment is expected to account for nearly one-fifth of the total revenue share of the application segment in the year 2017 and is expected to lose some value by the year 2022, i.e., at the end of the forecast period.

Key Companies Operating in the Global Bergamot Oil Market
The important companies operating in the global bergamot oil market are Fischer S/A - Com. Ind. e Agricultura (Citrosuco Paulista SA), Citromax Flavors, Inc. (Citromax S.A.C.I.), Citrus and Allied Essences Ltd., Bontoux S.A.S., Lionel Hitchen Essential Oils Ltd., Citrus Oleo, Symrise AG, Young Living Essential Oils LC, Mountain Rose Herbs, Inc., and do Terra International.

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This release was published on openPR.