Citrus Oil Market Research Report

 

Citrus Oil Market:

GMI Research's recent analysis, global citrus oil market, forecast to 2027, analyzes the trends in this market and how they are evolving across the different key geographic regions of the world. The strong demand for natural products and a rising preference for natural medicines due to the growing number of wellness centers and clinics are the key factors driving the growth of the global citrus oil market.

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Top Manufacturers in the Citrus Oil Market:

·        Lebermuth, Inc.

·        Mountain Rose Herbs

·        Young Living Essential Oils

·        Bontoux

·        Symrise

·        Citromax Flavors Inc.

·        dōTERRA

·        Citrus and Allied Essences Ltd.

·        Lionel Hitchen

·        Citrosuco

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Citrus Oil Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The strong demand for natural products is one of the major factors surging the growth of the citrus oil market. The drastic shift in individuals' lifestyles and the rapid growth in consumer spending on relaxation and leisure are some other factors attracting a large number of consumers to the market. In the last five years, there has been an increase in the number of spas and massage centers, particularly in the emerging economies of the Middle East and Asia. With the rising trend of using nature-based products, consumers have started opting for plant-based extracts in food and beverages, pharmaceutical, and cosmetics products. According to the citrus oil market report, individuals worldwide are becoming more aware of the various benefits provided by plant-based products, which is further promoting them to opt for nature-based products.

The rising preference for natural medicines due to the growing number of wellness centers and clinics is a major factor that is creating various growth opportunities in the market. The lemon essential oil is known as an anti-inflammatory and antimicrobial ingredient that enhances the mood, gives mental clarity, and decreases stress level. Additionally, there is a rising demand for citrus oil in the food and beverage industry, especially for enhancing the flavors and aroma of various food items like salads, bakery, beverages, and other products. Consumers are fundamentally shifting towards bakery items, carbonated beverages, non-carbonated beverages, and confectionery, which will boost the demand of the citrus oil market size. The largest consumers of carbonated beverages in Europe are Denmark and Germany, as half of the consumers drink these beverages more than once a week. The organic and natural formulation based citrus oil offers higher profit margins as they are expensive in comparison to conventional citrus oil. As per the International Trade Center (ITC) publications, organic bergamot orange oil is 2.6 times expensive than conventional bergamot oil during 2014. This factor is influencing the demand for citrus oil during the forecast period.

Citrus Oil Market Segmentation:

Segmentation by Product:

·        Orange Oil

·        Lemon Oil

·        Lime Oil

·        Grapefruit Oil

·        Others

Segmentation by Application:

·        Personal Care

·        Food & Beverages

·        Pharmaceuticals

·        Aromatherapy

Segmentation by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a leading market research company that offers market research reports for every industry. Our research teams have seasoned analysts and researchers and are always looking for industry-leading research techniques to create all-encompassing research reports. GMI Research's extensive global network allows it to collect relevant information about the industry on a regional as well as country-level basis. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of sectors. We provide step-by-step assistance to our clients through strategic and consulting services to reach a managerial and actionable decision. Our market research report offers in-depth analysis, which contains refined forecasts, a bird's eye view of the competitive landscape, major factors impacting the market growth, and various market insights to aid companies to make strategic decisions. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to help our clients to stay ahead of the curve.

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