Citrus Oil Market 2021 Analysis Of Industry Strengths And Challenges During The COVID-19

Precision Business Insights published a research report on “Citrus Oil Market By Application (Cosmetics & Personal Care Products, Home Care Products, Therapeutic Massage Oils, Food & Beverage, Other Industrial Applications), By Type (Orange Oil, Lemon Oil, Bergamot Oil, Lime Oil, Grapefruit Oil, Mandarin Oil) and Geography (North America, Latin America, Europe, Asia Pacific and Middle East and Africa) - Global/Region/Country Forecast to 2027”.

Citrus oil is derived from the peel of citrus fruits such oranges, tangerines, lemons, limes, and bergamot. Cold pressing is a typical process for extracting citrus oil. Citrus oil is one of the most often used essential oils on the planet. Each citrus oil has its unique set of health benefits. The oil derived from bergamot is used to treat acne and greasy skin, as well as to manufacture earl grey tea, whilst the oil extracted from orange has anti-oxidant characteristics that assist to inhibit the formation of cancer cells.

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Citrus oil demand is predicted to be driven by factors such as changing consumer lifestyles and greater spending on leisure and relaxation, as well as an expansion in the number of spas and massage facilities, particularly in developing countries such as Asia Pacific and the Middle East and Africa. Over the forecast period, the market is expected to rise due to rising demand for plant-based extracts in food and drinks, cosmetics, and medicines, among other applications. In the near future, rising awareness of the benefits of plant-based goods is expected to have a favourable impact on demand. In the future years, the citrus oil market is likely to be driven by an increase in the number of wellness centres and clinics, as well as a growing desire for alternative medications. The use of the technology in personal care and cosmetics items may help to accelerate the industry's expansion. Due to a growing preference for natural products, the product's use as a massage oil for aromatherapy is expected to boost overall growth. Citrus essential oil has a higher demand than supply, resulting in higher costs. Due to the increased usage of essential oils in various food and cosmetic applications, Asia Pacific is likely to see a surge in demand. Demand is predicted to increase significantly in Europe and the United States.

The citrus oil market is fragmented on the basis of application, oil type, fold type, extraction method, grade and sales channel. In terms of oil type, the citrus oil market is categorized into orange oil, bergamot oil, lemon oil, lime oil, mandarin oil and grapefruit oil. In terms of application, the citrus oil market is segmented into food and beverage, cosmetics and personal care products, home care products, therapeutic massage oil and other. In terms of fold type, the citrus oil market is segmented into 2-4 folded, 5-7 folded, 8-10 folded and above 10 folded. In terms of extraction method, the citrus oil market is segmented into steam distilled, cold pressed and hydro distillation. In terms of grade, the citrus oil market is categorized into terpene oil and deterpenated oil. In terms of sales channel, the global citrus oil market is segmented into direct sales, modern trade, specialty stores, mono brand store, online retailer and other.

Owing to the expanding demand for citrus oil and the large use of the product in aromatherapies in this region, North America and Europe currently dominate the citrus oil market and will continue to do so over the projected period. Due to the increased usage of essential oils in various food and cosmetic preparations, the Asia-Pacific and Europe area is predicted to have the highest CAGR.

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Some of the major key players in the citrus oil market are Symrise AG, Bontoux, Citrosuco, Lionel Hitchen, Citrus and Allied Essences Ltd, Citrus Oleo, Mountain Rose Herbs.

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