Global Citrus Oil Market Size To Worth USD 18.68 Billion by 2033 | CAGR of 7.97%
Category: Consumer GoodsGlobal Citrus Oil Market Size To Worth USD 18.68 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global Citrus Oil Market Size is Expected to Grow from USD 8.68 Billion in 2023 to USD 18.68 Billion by 2033, at a CAGR of 7.97% during the forecast period 2023-2033.
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Browse key industry insights spread across 245 pages with 123 Market data tables and figures & charts from the report on the "Global Citrus Oil Market Size, Share, and COVID-19 Impact Analysis, By Product (Orange, Lemon, Lime, and Grapefruit), By Application (Personal Care, Food and Beverages, and Pharmaceuticals), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/citrus-oil-market
Citrus oils are high in nutrients and include antioxidant, stress-relieving, and immune-boosting qualities. One of the most popular categories of essential oils is citrus oil. They are used in many different industrial applications, including as flavoring agents, perfumes for clothing and cleaning supplies, and more. The citrus oil market is expected to increase as a result of rising consumer demand for natural ingredients and plant extracts in food and beverage products for usage as flavorings, colorants, and other applications. Citrus fruits and vegetables, like lemons, grapefruits, and oranges, are widely available and have a major role in increasing production levels and lowering prices. Citrus oil is mostly manufactured from these fruits and vegetables. Due to growing consumer awareness, there has been a movement in consumer behavior toward organic products and components, which is increasing demand for citrus oil. Citrus oil market expansion is anticipated to be helped by growing awareness of citrus oil as a useful food ingredient. Citrus oil consumption is also anticipated to be driven by the increasing knowledge of the advantages of aromatherapy for both physical and mental health. However, the market growth is anticipated to be restrained by the high cost of the majority of citrus oils. Citrus oil's perishable nature is a significant restraint that would hurt the market's growth.
The orange segment is predicted to hold the greatest market share through the forecast period.
Based on the product, the citrus oil market is classified into orange, lemon, lime, and grapefruit. Among these, the orange segment is predicted to hold the greatest market share through the forecast period. These products also help with improving the condition of the nails, hair, and skin. Growing customer knowledge of these benefits is expected to be positive for the growth of the segment. In addition, the oils offer a pleasing scent and improved blending capabilities.
The personal care segment is anticipated to hold the greatest market share during the projected timeframe.
Based on the application, the citrus oil market is divided into personal care, food and beverages, and pharmaceuticals. Among these, the personal care segment is anticipated to hold the greatest market share during the projected timeframe. Citrus oil is in more demand as consumers prefer organic and natural products over those made with chemicals and synthetic substances. Citrus oil has antibacterial and anti-inflammatory qualities when used in personal care products.
Europe is estimated to hold the largest share of the citrus oil market over the forecast period.
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Europe is estimated to hold the largest share of the citrus oil market over the forecast period. The region's contribution to the global citrus oil market is anticipated to grow over the next years as a result of growing consumer sophistication and demand for natural cosmetics in European countries.
North America is predicted to have the highest CAGR growth in the citrus oil market over the forecast period. Due to their natural properties, zesty oils are becoming more and more popular in household cleaning products in North America.
Aisa Pacific is estimated to hold a significant share of the citrus oil market over the forecast period. In addition, prominent corporations are producing products created with natural components to boost their market penetration in high-population countries such as China, India, and Japan.
Major key players in the citrus oil market include Young Living Essential Oils, Prinova Group LLC, Givaudan SA, Mountain Rose Herbs, Symrise, International Flavors & Fragrances Inc., DoTERRA International LLC, The Lebermuth Co.Inc., Citrosuco Gmbh, Farotti Srl., Firmenich SA, Berjé Inc, Citrus and Allied Essences Ltd., Lebermuth, Inc., and Others.
Recent Developments
- In April 2024, the acquisition of Global Citrus International (GCI) and Acelim del Peru, Peruvian growers and producers of citrus products and essential oils with large operations in Peru and strong collaboration with Citrolim SA de CV, based in Mexico, announced by Berjé Inc. With this transaction, GCI and Acelim will operate as Citrolim Peru and Acelim and join Berjé Inc. under its corporate umbrella.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the citrus oil market based on the below-mentioned segments:
Global Citrus Oil Market, By Product
- Orange
- Lemon
- Lime
- Grapefruit
Global Citrus Oil Market, By Application
- Personal Care
- Food and Beverages
- Pharmaceuticals
Global Citrus Oil Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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