Global Citrus Oil Market Insights Forecasts to 2033

• The Global Citrus Oil Market Size was Valued at USD 8.68 Billion in 2023
• The Market Size is Growing at a CAGR of 7.97% from 2023 to 2033
• The Worldwide Citrus Oil Market Size is Expected to Reach USD 18.68 Billion by 2033
• North America is Expected to Grow the fastest during the forecast period.

The Global Citrus Oil Market Size is Anticipated to Exceed USD 18.68 Billion by 2033, Growing at a CAGR of 7.97% from 2023 to 2033.  

Market Overview

Citrus oil is a complex mixture of chemicals derived from the peel and coatings of citrus fruits. It is commonly referred to as citrus essential oil (CEO). Citrus oil is made from the fruit peel of citrus fruits, such as grapefruits, oranges, lemons, sweet limes, and others. Citrus oils are nutrient-rich and have anti-oxidant, anti-stress, and immune-stimulating properties. Citrus oil is one of the most widely used essential oil categories. The growth is primarily driven by the increasing demand for organic products in the food and beverage industry for improved nutritional value. Citrus oil is also anticipated to drive market demand due to its broad availability and accessibility, expanding range of uses, and rising consumer awareness of its advantages.  The citrus oil market is driven tremendously due to the rising number of clinics and wellness centers that provide natural remedies utilizing natural medications.   

Report Coverage

This research report categorizes the citrus oil market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the citrus oil market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the citrus oil market.

Driving Factors

The important factor driving the market growth is the application of citrus oil in aromatherapy and massage treatments. Citrus oil products are in high demand as a result of consumers' growing knowledge of natural components and products, hence reinforcing their prominent position in the market. Citrus oil demand is mostly driven by the growing desire for natural and plant-derived products, as organic citrus oils have a larger profit margin than regular citrus oils. Citrus oil consumption is predicted to be driven by a growing preference for organic ingredients in essential oils, driving a steady increase in organic and natural formulations.  

Restraining Factors

Diseases and infections on citrus trees, such as powdery mildew, sapling wilt, blue rot, green rot, and citrus greening disease/yellow dragon/Huanglongbing (HLB), are hurting citrus plantations. These factors are expected to restrict the growing demand for the citrus oil market.

Market Segmentation

The citrus oil market share is classified into product and application.  

• The orange segment is estimated to hold the largest market revenue share through the projected period.  

Based on the product, the citrus oil market is classified into orange, lemon, lime, and grapefruit. Among these, the orange segment is estimated to hold the largest market revenue share through the projected period. Orange oil is the best component for skin and hair care due to its antibacterial and anti-inflammatory qualities. According to research, using these products regularly improves collagen formation, blood circulation, and vitamin C absorption all important for preventing and avoiding premature aging.    

• The personal care segment is anticipated to hold the largest market share through the forecast period.

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 largest market share through the forecast period. The personal care market is expected to rise due to the increasing usage of ingredients like orange, lemon, and grapefruit oil in skincare products due to their antiseptic and antibacterial qualities. As a result, it is frequently utilized in the manufacturing of toners, moisturizers, and cleansers for the personal care market.     

Regional Segment Analysis of the Citrus Oil Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Europe is anticipated to hold the largest share of the citrus oil market over the predicted timeframe.

Europe is anticipated to hold the largest share of the citrus oil market over the predicted timeframe. This region's market is expanding as a result of the existence of significant cosmetics organizations and growing awareness of essential oils. Customers around the region are starting to use personal care products and cosmetics made of natural and organic materials rather than chemicals. Therefore, these elements are in charge of this region's market growth.  

North America is expected to grow at the fastest CAGR growth of the citrus oil market during the forecast period. The North America growing need for products containing essential oils is the cause of the market growth. The industry has expanded as a result of growing knowledge of the advantages of using citrus oil in skincare, homecare routines, and aromatherapy. Citrus oil demand in this region has also grown as a result of the expansion of spas, salons, and aromatherapy facilities. 

Asia Pacific is anticipated to hold a significant share of the citrus oil market over the predicted timeframe. Asia Pacific due to the food and beauty sectors' strong demand. An increase in spas and massage parlors is anticipated to have a beneficial impact on regional demand. The continuous demand for citrus oil and its derivatives is facilitated by the prevalence of massage and aromatherapy centers in the South Asia region.  

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the citrus oil market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• 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.
• Others  

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

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.

• In December 2023, Prinova announced that it had acquired Flavor Tec, a citrus oil manufacturer situated in Brazil. This calculated action is anticipated to fortify Prinova's technological and operational capacities and enable its entry into the South American market.   

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