Orange Oil Market Expansion Projected to Gain an Uptick During 2017 to 2022
This report provides prediction and investigation of the orange oil market. It offers antique statistics along with global forecast data by the end of 2022.
[UKPRwire, Wed May 15 2019] The purpose of this rich study presented by FactMR is to elaborate the various market projections impacting the global orange oil market during the period until 2028. This assessment delivers high-end statistics concerning market size and revenue share (over US$ 33 billion revenue generation by 2022 end) linked to different geographies and segmentation types. Readers can acquire precise insights about growth trends along with opportunities that are expected to reshape the overall structure of the orange oil market during the forecast period.
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Orange oil is an essential oil that is extracted from citrus sinensis fruit (orange fruit) rind. Unlike many other essential oils, orange oil is a by-product, which is produced through centrifugation of orange juice. It usually has 90% or above d-limonene content and is considered as suitable alternative for pure d-limonene. Today, products with herbal or natural ingredients are having an upper hand over products that are prepared using synthetic materials. Consumers invariably incline towards products that do not carry any risk of side-effects. Orang oil are natural and usually do not cause any adverse reaction, which makes it a suitable ingredient for cosmetic, wellness, and food products. Many of the premium wellness products are prepared using pure orange oil.
Moreover, the product is used in aromatic therapies as well as for food flavoring. There are some theories, suggesting that orange oil fragrance has antispasmodic, antidepressant and carminative properties. Rising standard of living and increasing disposable income is expected make a positive impact on the global sales of orange oil over the next couple of years. Nonetheless, orange oil being expensive is often tagged as a luxury product. FactMR projects that the global orange oil market will increase at a compound annual growth rate of 4.0% during the forecast period (2017-2022).
The orange oil market in Europe is expected to register a notable growth over the forecast period. This is mainly owing to existence of a large pool of consumers who are willing to spend on premium beauty products, natural cosmetics and fragrances. In terms of revenue, the region is estimated to account for more than one-third share of the global market by the end of 2017. Based on product type, demand for bitter orange oil is expected remain relatively higher as compared to the variants. Bitter orange oil is extracted using cold-pressing process and is used for preparing lotions that can help in treating various skin conditions. Meanwhile, global sales of sweet orange oil is estimated to account for around for 23% revenue share of the market by 2017-end.
Between natural and organic orange oil, preference for the former is significantly high and the trend is likely to continue throughout the assessment period. Increasing application of orange oil in aromatherapy, therapeutics, cleaning & home, food & beverages, fragrances and toiletries manufacturing is reflecting favorably on its global market.
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Some of the leading players operating in the global orang oil market include Symrise AG, Bontoux S.A.S., Lionel Hitchen (Essential Oils) Ltd, Young Living Essential Oils LC, Citrus Oleo Citrus and Allied Essences Ltd., doTERRA International, LLC, Mountain Rose Herbs, Inc., Citromax S.A.C.I., Citrosuco Paulista SA, Ultra International B.V., Plant Therapy Essential Oils, Aksuvital, Biolandes and Aromaaz International.
Table of Content:
- Global Orange Oil Market - Executive Summary
- Global Orange Oil Market Overview
2.1.1. Global Orange Oil Market Taxonomy
2.1.2. Global Orange Oil Market Definition
2.2. Global Orange Oil Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Orange Oil Market Y-o-Y Growth
2.3. Global Orange Oil Market Dynamics
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