Citrus Oil Market to Grow with a CAGR of 6.52% through 2028
Growing demand for organic products and increasing demand from food and
beverage industry are driving the Global Citrus Oil Market in the forecast
period 2024-2028.
According to TechSci Research report, “Citrus Oil Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2028”,
the Global Citrus Oil Market stood at USD 1.15 billion in 2022 and is
anticipated to grow with a CAGR of 6.52% in the forecast period, 2024-2028. The
global citrus oil market is a dynamic and thriving industry driven by the
versatility and popularity of citrus oils. Extracted from citrus fruits like
oranges, lemons, and limes, citrus oils are renowned for their vibrant aromas,
refreshing flavors, and various applications across different sectors.
Citrus oils are highly valued for their extensive range of applications
across multiple industries. In the food and beverage sector, they serve as
natural flavor enhancers and fragrance components. Whether used in
confectionery, beverages, or savory dishes, citrus oils provide a zesty and
authentic flavor profile that consumers find appealing. Additionally, citrus
oils are gaining traction in the cosmetics and personal care industry, where
they are used in perfumes, skincare products, and haircare formulations due to
their aromatic qualities and skincare benefits. The aromatherapy sector has
also seen a surge in citrus oil usage, as these oils are recognized for their
mood-enhancing and stress-relieving properties. Their versatility and ability
to cater to various industries contribute significantly to the global citrus
oil market's growth.
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in-depth TOC on
"Global Citrus Oil Market.”
A key driver of the global citrus oil market is the increasing consumer
preference for natural and organic products. As individuals become more
health-conscious and environmentally aware, there is a growing demand for
clean-label and organic options. Citrus oils align with these preferences, as
they are derived from natural sources and often produced through
environmentally friendly methods. Consumers seeking natural flavorings,
fragrances, and essential oils are drawn to citrus oils for their authenticity and
perceived health benefits. The demand for organic citrus oils has been on the
rise, reflecting a broader trend toward healthier and more sustainable choices
in consumer products.
Sustainability and ethical sourcing practices have become integral to
the global citrus oil market. Citrus cultivation can have environmental
impacts, and the use of synthetic pesticides and fertilizers can harm
ecosystems. Consumers are increasingly concerned about these issues, driving
the industry to adopt responsible land management, reduced pesticide use, and
fair labor practices. Certification programs like Fair Trade and Rainforest
Alliance have gained prominence, indicating a commitment to sustainable and
ethical sourcing. Manufacturers that can demonstrate adherence to these
principles often enjoy a competitive edge, as their products resonate with
consumers who prioritize sustainability and ethical production practices.
Advancements in extraction technologies are reshaping the citrus oil
industry. While traditional methods like cold-pressing and steam distillation
remain prevalent, newer techniques such as supercritical CO2 extraction and
molecular distillation are gaining traction. Supercritical CO2 extraction is
known for its ability to yield high-quality citrus oils with minimal loss of
volatile compounds, making it highly sought after in the fragrance and
cosmetics industries. Molecular distillation, on the other hand, allows for
precise separation and purification of specific compounds within citrus oils,
enabling the creation of customized products with unique flavor and aroma
profiles. These innovative extraction techniques offer citrus oil producer’s
new tools to enhance product quality and meet the demands of a discerning
market.
The global citrus oil market has witnessed expansion and diversification
in citrus varieties and production regions. Citrus fruits are cultivated in
various countries with diverse climates, including the United States, Brazil,
Spain, and India. This geographic diversity ensures a year-round supply of
citrus fruits, enabling continuous citrus oil production. Additionally, new
citrus varieties and hybrids are being explored, offering unique flavor
profiles and aromatic characteristics that cater to evolving consumer tastes.
As global production techniques improve and new regions enter the citrus oil
market, the supply chain becomes more robust and resilient, ensuring a stable
and diverse supply of citrus oils to meet the growing demand worldwide.
In conclusion, the global citrus oil market is characterized by diverse
applications, a growing preference for natural and organic products,
sustainability and ethical sourcing practices, emerging extraction techniques,
and expanding citrus varieties and production regions. These trends reflect the
industry's adaptability to changing consumer preferences and environmental
concerns, positioning citrus oils as a versatile and sought-after ingredient in
numerous sectors.
The Global Citrus Oil Market is segmented into product, application, distribution
channel, regional distribution, and company.
Based on product the market is segmented into orange oil, lemon oil,
lime oil and others. The global citrus oil market is witnessing a notable surge
in the demand for orange oil. Orange oil, extracted from the peels of oranges,
has gained immense popularity due to its versatile applications across various
industries. It is widely used in the food and beverage sector for its natural
flavor-enhancing properties. Additionally, orange oil is highly valued in the
cosmetics and personal care industry for its aromatic qualities and skincare
benefits. The therapeutic properties of orange oil, such as its mood-enhancing
effects, have also contributed to its rising demand in aromatherapy.
Based on application the market is segmented into personal care, food
and beverage, pharmaceuticals, and others.
Based on distribution
channel the market is segmented into offline and online.
Based on region the
market is segmented into five regions, North America, Europe, Asia Pacific, Middle
East & Africa, and South America.
Major companies operating in Global Citrus Oil Market are:
- Terra Holdings; LLC
- Symrise AG
- Bontoux
- Lionel Hitchen
- Citrus & Allied
Essences Ltd
- Young Living Essential
Oils
- Citromax Flavors, Inc.
- Farotti SRL
- Mountain Rose Inc.
- Lebermuth, Inc.
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“Cosmetic and personal care applications of citrus oil is a significant
trend that is expected to have an impact on growth over the forecasted period. Growing
demand for natural and organic products, increasing demand from food and
beverage industry, and rising demand for natural ingredients will positively
impact the Global Citrus Oil Market. Due to the wide range of products
available to meet specific needs of, as well as the growing popularity of the
online distribution channel, the market is growing at impressive rate through
projected period,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Citrus Oil Market By
Product (Orange Oil, Lemon Oil, Lime Oil and Others), By Application (Personal
Care, Food and Beverage, Pharmaceuticals, and Others), By Distribution Channel
(Offline, Online), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated the future growth potential
of Global Citrus Oil Market and provides statistics & information on market
size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Citrus
Oil Market.
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