The global grapefruit oil market is forecasted to demonstrate a moderate CAGR during the forecast period of 2017 to 2022 as per the latest research report released by Fact.MR. The report estimates that the revenue from the global grapefruit oil market will reach US$ 378.7 Mn in the year 2022.Grapefruit is also known by its scientific name Citrus Racemosa and Citrus Maxima. Although its origin is not clear, some accounts show that grapefruit was first bred in Jamaica. The name grapefruit come from the fact that the fruit looks like a cluster of grapes hanging on a tree. Grapefruit oil is extracted from the peel, and not from its pulp or flesh, through the process of compression.
Grapefruit oil has a number of widespread benefits, due to which the market of grapefruit oil is gaining traction all over the world. One of the most popular uses of grapefruit oil is in the area of weight management, where it is used as a suppressant of appetite. Grapefruit oil is rich in Vitamin C, due to which it helps in strengthening the immune system of the body. Grapefruit oil also acts as an antidepressant, and helps to maintain the digestive system of the body and also aids in the body metabolism.
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Global Grapefruit Oil Market Landscape: Competition Tracking
- Citromax Flavors Inc. (Citromax S.A.C.I.)
- Fischer S/A – Com. Ind. e Agricultura (Citrosuco Paulista SA)
- Bontoux S.A.S
- Citrus and Allied Essences Ltd
- Citrus Oleo
- Lionel Hitchen Essential Oils Ltd
- Young Living Essential Oils LC:
- Symrise AG
- do Terra International
- Mountain Rose Herbs Inc.
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Key takeaways from the global grapefruit oil market
- The organic segment is slated to exhibit a moderate CAGR growth during the forecast period of 2017-2022. Organic segment is estimated to account for nearly one-third of the revenue share of the source type segment by the year 2017.
- As per the forecast of Fact.MR, the concentrates segment is estimated to be valued at US$ 89.8 Mn in 2017. This segment is poised to exhibit a moderate CAGR growth during the forecast period.
- Fact.MR forecasts the aromatherapy segment to reach a value of US$ 71.2 Mn in 2022. This segment is slated to account for nearly one-fifth of the total revenue share of the application segment by the end of the year 2017. This segment is expected to lose some market share by the end of the forecast period in the year 2022.
- As per the Fact.MR research report, franchise outlets segment is estimated to account for nearly one-fifth of the total revenue share of the distribution channel segment by the year 2017. The largest share is contributed by Europe region in franchise outlets market
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As far as the competitive landscape of the global grapefruit oil market is concerned, the major players are Bontoux S.A.S, Mountain Rose Herbs, Inc., Fischer S/A – Com. Ind. e Agricultura (Citrosuco Paulista SA), Symrise AG, do Terra International, Lionel Hitchen Essential Oils Ltd, Citromax Flavors, Inc. (Citromax S.A.C.I.), Young Living Essential Oils LC:, Citrus Oleo and Citrus and Allied Essences Ltd.
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