The market for citrus essential oils is anticipated to grow at a CAGR of 4.1%, from its present size of US$ 4 billion in 2022 to a worth of US$ 6 billion by 2032. The peels of citrus fruits like grapefruit, lemon, oranges, bergamot, and tangerines contain the essential oil known as citrus oil. Citrus fruit skins are used to make the oil, which is generated by cold pressing or steam distillation and finds use in a variety of sectors due to its antibacterial, skin-nourishing, and therapeutic properties.
Limonene, an ingredient in citrus essential oils, provides a number of health benefits. Moreover, it has antioxidant properties that support the reduction of stress and the neutralisation of free radicals.
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How Strong Usage in Aromatherapy Aiding Global Citrus Essential Oil Market Expansion?
Citrus essential oils and their mixtures are still frequently used in aromatherapy to treat illnesses. The range of uses for aromatherapy is growing, including the treatment of respiratory illnesses, cardiovascular disorders, wound healing, and pain.
Citrus essential oils’ medicinal properties reduce the harm that disease-causing microorganisms in conventional drugs do to healthy cells. Citrus essential oils are now more widely recognised as a great choice for treating chronic diseases that don’t affect the body’s healthy cells or tissues.
Also, as more people become aware of the many benefits of aromatherapy, there will be an increase in demand for citrus essential oils.
Key Companies Profiled
- Ultra-International B.V.
- Symrise AG
- doTERRA International, LLC
- Lionel Hitchen (Essential Oils) Ltd
- Citrus and Allied Essences Ltd
- Phoenix Aromas & Essential Oils, LLC
- Firmenich SA
- Givaudan
- Citrus Oleo
- Bontoux S.A.S.
- Citrosuco
- Mountain Rose Herbs, Inc.
- Citromax S.A.C.I.
- Young Living Essential Oils LC
The market for citrus essential oil is expected to increase over the next few years due to the high demand for natural ingredients and plant extracts in food and beverage products. In the past, food and beverage companies have utilised synthetic preservatives and antimicrobials to prevent spoilage and extend the shelf life of their products. This was carried out to stay up with contemporary commercial practises, which involve the time-consuming shipping of commodities across international boundaries and oceans.
The multinational businesses that are on top in the Citrus Essential Oil marketplace in the recent years and the topics related to the selected markets are covered in the report. This Report is useful to National and Multinational Organizations, Business small and large seeking to expand in the new markets, Educational and research groups, National and international investors and others.
What insights this research provides to readers?
- The report gives information in the emerging market in the Citrus Essential Oil industry across the world.
- The markets that are expected to overtake the major economies in terms of economic growth in the coming decade are highlighted in the report.
- The updates given in the report are with the impact of Covid-19 on the Citrus Essential Oil industry.
- The report has also studied how the vaccination rollouts have impacted the Citrus Essential Oil market and its individual economies.
- The report includes some key threats that may hamper the growth of the market and strategies to survive the threats.
- The report presents average annual GDP growth rates of the global Citrus Essential Oil markets for the year 2023-2033.
- Internal, external challenges, and future growth opportunities to the market players in the Citrus Essential Oil market are included in the report.
The report has created a thorough and insightful research study about the Citrus Essential Oil industry. The report provides an unbiased view of all the sectors and markets including the primary, secondary and tertiary allowing the market players formulate strategies for their operations in the national and international markets.
What are impelling reasons for buying this report?
- Global Citrus Essential Oil Market prognosis for the present and the future in both developed and developing markets
- Both the market segment with the largest projected share and the market segment with the highest CAGR throughout the projection period
- Countries and regions anticipated to experience the fastest development throughout the projected period
- The most recent innovations, market shares, and tactics used by the leading market players
- Adjustment of the Report
- The report contains all of the segmentation seen above across all of the nations indicated.
Citrus Essential Oil Market: Segmentation
- By Source:
- Oranges
- Tangerines/ Mandarins
- Lemons and Limes
- Grapefruit
- By Extraction Method:
- Steam Distilled
- Cold Pressed
- Hydro-Distillation
- By Fold Type:
- 2-4 Folded
- 5-7 Folded
- 8-10 Folded
- Above 10 Folded
- By Grade:
- Deterpenated Oil
- Terpene Oil
- By End Use:
- Food & Beverages
- Personal Care & Beauty Products
- Home Care Products
- Aromatherapy
- Health Care Products
- By Sales Channel:
- Direct Sales
- Modern Trade
- Specialty Stores
- Mono Brand Stores
- Online Retailers
- Other Sales Channels
- By Region:
- North America
- Latin America
- Europe
- APAC
- MEA
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Key Questions Covered in the Citrus Essential Oil Market Report
- How key market players in the Citrus Essential Oil market are maintaining their competitive advantage in the wake of globalization?
- What changing market dynamics in the Citrus Essential Oil market specify about the future opportunities for manufacturers?
- How Covid-19 pandemic affected sales in the Citrus Essential Oil market and what strategies are expected to recover from its impact?
- What business tactics are gaining attention and influencing Citrus Essential Oil market rivalry?
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