Citrus Oil Market Overview, Trends and Growth Opportunities Forecasted till 2022

The global citrus oil is expected to witness moderate growth attributed to growing demand in the personal care and cosmetic, and food and beverage industry. Surge in demand for artificial drink concentrate is further likely to impact growth of the global market positively. However, growing prevalence of allergic reactions due to citrus oil is expected to dip growth of the global market in terms of sales. This report, published by Fact.MR, provides in-depth analysis of the global citrus oil market for the forecast period 2017-2022, and offers key insights about future market direction.

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Scope

The scope of Fact.MR’s report is to analyze the global citrus oil market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Citrus oil manufacturers, stakeholders, and suppliers in the global food & beverage sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to citrus oil.9

In order to offer readers with up-to-date information about the latest advancements in the global citrus oil market, the report provides updates about market opportunities, which can benefit leading manufacturers of citrus oil. With continuous evolution of the food & beverage sector, keeping a record of latest developments and trends is fundamental for citrus oil manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.

Considering the wide scope of the global citrus oil market and to offer in-depth insights, Fact.MR’s report provides segment-wise analysis and forecast. The citrus oil market has been categorized on the basis of product type, extraction method, application type, sales channel, and region. This segmentation analysis is comprehensive, coupled with a detailed country-wise forecast provided on all parameters.

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Factors Fuelling Growth of the Global Market

Growth of the global citrus oil market is bound to several micro-economic and macro-economic factors. Consumption of the citrus oil continues to remain high in the food and beverage industry attributed to several health-related benefits. With growing demand for artificial drink concentrates, growth of the global citrus oil market is projected to increase in the upcoming years. Moreover, the manufacturers increasingly use citrus oil in order to enhance the flavor of the beverage and food products. Bound to these factors, citrus oil is projected to witness an upsurge in demand in the food and beverages industry globally.

In addition to the food and beverages industry, demand for citrus oil is projected to witness an upsurge in the aroma industry. Refreshing and relaxing fragrance products including bath additives, and massage oil continue to witness an upsurge in demand for aromatherapy. Moreover, use of fragrance products with an uplifting aroma for treatment of depression is further likely to contribute towards growth of the global citrus oil market. Apart from food and beverages, and aroma industry, demand for citrus oil will continue to remain high in the cosmetic and personal care industry. Manufacturers in the cosmetic industry prefer using citrus oil in range of products as it helps in clearing the excess oil, and dead skin. Citrus oil is further known as the natural toner, and is increasingly used in a range of skin products. These factors are likely to encourage progress of the global citrus oil market over the forecast period.

While the overall outlook of the global market growth seems to remain positive, growing prevalence of allergic reactions during application of aromatherapy products is likely to dip demand for citrus oil. Moreover, application and inhalation of various personal care and cosmetic products could result in allergic reactions that cause irritation, asthma, and redness. Application of citrus oil can further lead to deep skin burns as it is sensitive to the ultraviolet rays. These factors are likely to inhibit growth of the global citrus oil market over the forecast period.

Competition Tracking

Leading players operating in the global citrus oil market include 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, and Farotti Srl.

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About Fact.MR

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This release was published on openPR.