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Citrus Oil Market Expansion in the Near Future at a CAGR of 5.50% During the Forecast Period 2023 to 2032.

Increasing demand for natural and organic products is expected to drive market expansion in the near future at a CAGR of 5.50% during the forecast period 2023 to 2032.


Market Research Future (MRFR) has published a cooked research report on the Global Citrus Oil Marketthat contains information from 2018 to 2032. The Citrus Oil  market is estimated to register a CAGR of 5.50% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the global Citrus Oil market— Citrus and Allied Essences Ltd., Lionel Hitchen Essential Oils Ltd., Symrise AG, Young Living Essential Oils LC, Bontoux S.A.S., Mountain Rose Herbs, Citromax Flavors Inc., Ultra International B.V. Citrus Oleo Citrus Fragrance Oil Co., Inc., Florachem Corp., Citrus and Allied (USA) Ltd., Lebermuth Company, Viva Corporation, Citrus Tropic, Falcon Essential Oils, Citrus and Allied Essences (Canada) Ltd., Lime Essential Oil Co., J.P. Essential Oils & Aromatics, Citrosuco


Citrus Oil Market Highlights


The global Citrus Oil market is accounted to register a CAGR of 5.50% during the forecast period and is estimated to reach USD 13.76 billion by 2032.


The growing demand for natural and organic products is driving the expansion of the citrus oil market globally. Natural substitutes are getting more and more popular as consumers become more aware of the negative consequences of synthetic chemicals in products. Because it is an organic and natural product, citrus oil has become quite popular in the personal care, cosmetics, and food and beverage sectors. The price volatility of citrus fruits drives the global citrus oil market. Weather, pests, and illnesses are some of the elements that might impact citrus fruit supply.


Segment Analysis


The global Citrus Oil market has been segmented based product type, extraction method, application and sales channel.


On the basis of product type, the market is segmented into Orange Oil, Lemon Lime Oil and Other. The orange oil segment was attributed to holding the largest market share in 2022. Orange oil is the best component for skin and hair care because of its antibacterial and anti-inflammatory characteristic.


Based on extraction method, the global Citrus Oil market has been segmented into Distillation, Solvent extraction, Cold Pressing and Other Extraction Method. Cold pressing segment was expected to hold the largest market share in 2022 due to physical process in which the essential oil glands in the biomass are crushed or broken to release the oil.


On the basis of application, the market is segmented into Personal Care, Cosmetic, Food and beverage, Pharmaceutical, Aromatherapy, Industrial and Other Application. The Aromatherapy segment was attributed to holding the largest market share in 2022 because Citrus oils are used for adding a refreshing and sweet flavor to smoothies, tea, packaged water, and baked items such as muffins and cookies.


Based on sales channel, the global Citrus Oil market has been segmented into Specialty Store, Modern Trade, Drug Stores, Online Store and Other Sales Channel. The Online Store segment was expected to hold the largest market share in 2022 because online stores are cheaper and more convenient than any other mode of sales.


Regional Analysis


The global Citrus Oil market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Citrus Oil market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Citrus Oil market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Citrus Oil market comprises of Middle East, Africa, and Latin America.


The largest market share for Citrus Oil was maintained by the North American regional sector. The world market for citrus oil was controlled by North America. The increasing demand for natural and organic products, along with growing knowledge of the health advantages of citrus oil, is driving tremendous growth in the region. Furthermore, the expansion of the citrus oil market in North America is being driven by the presence of several significant players in the region, including Mountain Rose Herbs, Inc. and Lionel Hitched (Essential Oils) Ltd.


Moreover, the Europe market has been persistently growing over the forecast period. The demand for Citrus Oil is driven by rising environmental consciousness and the establishment of strict environmental legislation. A rise in product demand brought on by the health advantages of the product.


Additionally, the primary drivers of the market expansion are the rising demand for citrus oil in the food and beverage sector and the expanding acceptance of aromatherapy in the area. the increasing discretionary money. The Asia-Pacific citrus oil market is expanding as a result of shifting lifestyles and growing public awareness of the health advantages of citrus oil market is expanding as more people become aware of citrus oil's health benefits.


Furthermore, the rest of the world's Citrus Oil market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising use of natural and organic products research and development. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.


Key Findings of the Study



  • The global Citrus Oil market is expected to reach USD 13.76 billion by 2032, at a CAGR of 5.50% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market due to the the rising demand for citrus oil in the food and beverage sector by government bodies through policies and initiatives.

  • Based on application, the food and beverage segment was attributed to holding the largest market share in 2022.

  • Citrus and Allied Essences Ltd., Lionel Hitchen Essential Oils Ltd., Symrise AG, Young Living Essential Oils LC, Bontoux S.A.S., Mountain Rose Herbs, Citromax Flavors Inc., Ultra International B.V. Citrus Oleo Citrus Fragrance Oil Co., Inc., Florachem Corp., Citrus and Allied (USA) Ltd., Lebermuth Company, Viva Corporation, Citrus Tropic, Falcon Essential Oils, Citrus and Allied Essences (Canada) Ltd., Lime Essential Oil Co., J.P. Essential Oils & Aromatics, Citrosuco.

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Companies Covered 15
Pages 128
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