According to a recently published report, the global citrus oil market is expected to represent a value of over US$ 8,600 Mn by the end of 2022.
Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of citrus oil market. The study is titled as “Citrus Oil Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global citrus oil market.
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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. According to a recently published report, the global citrus oil market is expected to represent a value of over US$ 8,600 Mn by the end of 2022.
Orange Oil to Represent a Leading Segment
With growing need for citrus oil in the food and beverages, and aroma industry, manufacturers witness increasing demand for orange oil. Orange oil is expected to witness the highest revenue growth, accounting for a value of over US$ 1,200 Mn by the end of 2022. Orange oil as compared to other products is expected to register the highest CAGR in the global market throughout 2022.
Distillation as compared to other extraction methods is expected to generate significant revenues, recording a value of over US$ 700 Mn by the end of 2017. The distillation segment is expected to register the highest CAGR in the global citrus oil market throughout 2022.
Food and Beverage industry in terms of end users is expected to witness the highest revenue growth, representing a value of over US$ 700 Mn by the end of 2022. The personal care and cosmetic as compared to other end users is expected to register the highest CAGR in the global market throughout 2022.
Consumption in Healthcare Industry
Besides, food and beverages industry, citrus oil is likely to witness considerable demand in the healthcare industry for treatment of infections, skin disorders, obesity, and asthma. Equipped with a potent array of anti-cancer properties, citrus oil continues to witness significant demand in the healthcare industry for the treatment of cancer. Attributed to high content of antioxidants, the citrus oil is likely to witness considerable demand in the healthcare industry as it helps in neutralizing the free radicals, boosts the immune system, and helps in relieving stress.
Significant Demand for Aromatherapy
As aromatherapy is emerging as the most preferred treatment of depression, demand for relaxing and refreshing fragrances, massage oil, and bath additives has revved up significantly. Increasing demand for refreshing, and uplifting aroma among customers has led manufacturers to use citrus oil in range of aromatherapy products. Bound to these factors, demand for citrus oil is likely to rev up during the forecast period in the global market.
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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Table of Content:
1. Global Citrus Oil Market – Executive Summary
2. Global Citrus Oil Market Overview
2.1.1. Global Citrus Oil Market Taxonomy
2.1.2. Global Citrus Oil Market Definition
2.2. Global Citrus Oil Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Citrus Oil Market Y-o-Y Growth
2.3. Global Citrus Oil Market Dynamics
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region
3. Global Citrus Oil Market Analysis and Forecast by Product Type
3.1. Global Citrus Oil Market Size and Forecast by Product Type, 2012-2022
3.1.1. Orange Oil Market Size and Forecast, 2012-2022
18.104.22.168. Revenue (US$ Mn) Comparison, By Region
22.214.171.124. Market Share Comparison, By Region
126.96.36.199. Y-o-Y growth Comparison, By Region
3.1.2. Lemon and Lime Oil Market Size and Forecast, 2012-2022
188.8.131.52. Revenue (US$ Mn) Comparison, By Region
184.108.40.206. Market Share Comparison, By Region
220.127.116.11. Y-o-Y growth Comparison, By Region
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