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Food & Beverage Industry to Represent a Dominant Segment
As demand for refreshing and relaxing food products increases, manufacturers turn to blend citrus oil in order to offer desired flavor. Orang oil continue to sell more than the other products in the global citrus oil market. Currently, the orange oil products type segment is projected to represent more than US$ 1,200 Mn, reflecting a relatively high CAGR in the global market through 2022.
By extraction method, the distillation segment is projected to dominate, representing more than US$ 700 Mn by 2017-end. During the forecast period, the distillation segment is projected to reflect a robust CAGR as compared to other extraction methods.
Demand for the citrus oil will continue to remain concentrated in the food & beverages industry. According to the report, the food & beverages application segment is projected to represent more than US$ 700 Mn by 2022-end. However, demand for citrus oil products will continue to grow faster in the personal care and cosmetic industry globally.
Citrus acid is projected to witness significant sales growth through specialty stores sales channel, representing more than US$ 700 Mn by 2017-end. Sales of the citrus oil through modern trade is projected to reflect the fastest growth as compared to other channels in the global market throughout 2022.
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Consumption in Healthcare Industry
Besides, food and beverages industry, citrus oil is likely to witness considerable demand in the healthcare industry for treatment of infections, skin disorders, obesity, and asthma. Equipped with a potent array of anti-cancer properties, citrus oil continues to witness significant demand in the healthcare industry for the treatment of cancer. Attributed to high content of antioxidants, the citrus oil is likely to witness considerable demand in the healthcare industry as it helps in neutralizing the free radicals, boosts the immune system, and helps in relieving stress.
Significant Demand for Aromatherapy
As aromatherapy is emerging as the most preferred treatment of depression, demand for relaxing and refreshing fragrances, massage oil, and bath additives has revved up significantly. Increasing demand for refreshing, and uplifting aroma among customers has led manufacturers to use citrus oil in range of aromatherapy products. Bound to these factors, demand for citrus oil is likely to rev up during the forecast period in the global market.
Cosmetic Industry to Fuel Market Growth
Citrus oil is also expected to witness significant demand in the cosmetic industry attributed to brightening, cleaning, and antibacterial features. Manufacturers continue to use the citrus oil in cosmetic and personal products as it helps in clearing the dead skin, excess oil, and by breaking down the dirt. Known as a natural toner, consumption of citrus oil continues to rev up in the cosmetic and personal care industry.
On the other hand, inhalation and application of several aromatherapy products could lead to allergic reactions. Moreover, when applied on the skin, several aromatherapy products could lead to allergies that causes redness, irritation, and asthma. Further, application of citrus oil could lead to deep sunburns as it is sensitive to the ultraviolet rays.
Leading players operating in the global citrus oil market include Biolandes Sa, Citrus and Allied Essences Ltd., Symrise AG, Young Living Essentials Oils LC, Givaudan SA, International Flavors & Fragrances Inc., DoTERRA International LLC, The Lebermuth Co., Inc., Citrosuco Gmbh, and Farotti Srl.
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Table of Content:
- Global Citrus Oil Market - Executive Summary
- Global Citrus Oil Market Overview
2.1.1. Global Citrus Oil Market Taxonomy
2.1.2. Global Citrus Oil Market Definition
2.2. Global Citrus Oil Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Citrus Oil Market Y-o-Y Growth
2.3. Global Citrus Oil Market Dynamics
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. List of Distributors
2.9. Key Participants Market Presence (Intensity Map) By Region
- Global Citrus Oil Market Analysis and Forecast By Product Type
3.1. Global Citrus Oil Market Size and Forecast By Product Type, 2012-2022
3.1.1. Orange Oil Market Size and Forecast, 2012-2022
22.214.171.124. Revenue (US$ Mn) Comparison, By Region
126.96.36.199. Market Share Comparison, By Region
188.8.131.52. Y-o-Y growth Comparison, By Region
3.1.2. Lemon and Lime Oil Market Size and Forecast, 2012-2022
184.108.40.206. Revenue (US$ Mn) Comparison, By Region
220.127.116.11. Market Share Comparison, By Region
18.104.22.168. Y-o-Y growth Comparison, By Region
3.1.3. Others Market Size and Forecast, 2012-2022
22.214.171.124. Revenue (US$ Mn) Comparison, By Region
126.96.36.199. Market Share Comparison, By Region
188.8.131.52. Y-o-Y growth Comparison, By Region
- Global Citrus Oil Market Analysis and Forecast By Extraction Method
4.1. Global Citrus Oil Market Size and Forecast By Extraction Method, 2012-2022
4.1.1. Distillation Market Size and Forecast, 2012-2022
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