Global Citrus Oil Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global citrus oil market in its upcoming report titled, “Global Citrus Oil Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global citrus oil market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global citrus oil market report has been segmented on the basis of product type, application, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Citrus oil is a type of essential oils made with rind of citrus fruits such as orange, tangerine, lemon, lime, bergamot. Citrus oil is commonly extracted using the cold pressing method. Citrus oil is one of the most used essential oil worldwide. Each of citrus oil has its own beneficial properties. The oil extracted from bergamot is used to control acne and oily skin and also used to make earl grey tea, whereas oil extracted from orange helps to slow down the growth of the cancer cells, as it possesses anti-oxidant properties.

Increasing demand for citrus oils in the food industry is a major factor, anticipated to drive the growth of the global citrus oil market. Increasing number of clinics and wellness centers, and a growing preference towards natural medicines among consumers, is another factor fueling the growth of the global market. Increasing adoption of essential oils in cosmetics and personal care products and rising awareness regarding health benefits of essential oils among individuals, resulted in the increasing demand of citrus oils. Increasing use of citrus oil as a therapeutic massage oil and for aromatherapy due to rising preference for natural fragrances, are factors expected to drive growth of the global market.

However, the high price of citrus oil and perishable nature may hamper the demand and restrain the growth of the global citrus oil market. Nevertheless, Promotional activities to spread awareness regarding the benefits of citrus oils and development activities for cost-effective citrus oil can create higher revenue opportunities for players in the target market.

Europe accounts for a largest market share in terms of revenue and is expected to maintain its dominance over the forecast period, owing to increasing usage of citrus oil in personal care products in the region. North America is expected to account for a second-highest share in the market in terms of revenue in the near future, due to the growing popularity of aromatherapy among individuals especially in the US and Canada. Market in Asia Pacific is expected to witness significant growth, especially in developing countries, due to increasing use of essential oils for medicinal purposes.

Global Citrus Oil Market Segmentation:

By Product Type:

• Lemon Oil
• Lime Oil
• Orange Oil
• Grapefruit Oil
• Mandarin Oil
• Bergamot Oil

By Application:

• Cosmetics and Fragrances
• Food Products
• Therapeutic Massage Oil and Aromatherapy
• Industrial Solvents
• Cleaning Products

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa