Citrus Oil Market

Introduction of the Citrus Oil Market Report

Citrus oils are extracted by cold pressing or expression from the peel, which has large amounts of furanocoumarins and molecules that cause phototoxicity problems. The three popular citrus oils that are widely available in the market are Lemon Oil, Lime Oil, and Orange Oil. The orange essential oil is extracted from the rind of the sweet orange and goes through the cold pressing process, which squeezes the oils from the rind. Citrus oil provides various remarkable benefits to the users, such as it helps in lifting the mood, decreases stress level, relieve stomach upset, and gives flavor to a variety of foods and beverages.

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Market Dynamic

Key Drivers and Emerging Trends

The global citrus oil market is likely to experience strong demand during the forecast period. The accelerating demand for natural products is one of the biggest factors that is contributing to the growth of the citrus oil market size. The tremendous shift in individuals’ lifestyles and the significant increase in consumer spending on relaxation and leisure are further attracting consumers towards this market. Over the past five years, the number of spas and massage centers, especially in the developing economies of Asia and the Middle East, has taken the largest hit. With the growing trend of using nature-based products, consumers have started opting for plant-based extracts in food and beverages, cosmetics, and pharmaceutical products. Moreover, people around the world are becoming aware of the numerous benefits offered by plant-based products, which is further encouraging them towards nature-based products.

As per the citrus oil market report, the increasing preference for natural medicines owing to the rising number of wellness centers and clinics is another factor that is opening new doors for market growth. The lemon essential oil acts as an anti-inflammatory and antimicrobial ingredient which improves the mood, decreases stress level and gives mental clarity. Furthermore, there is a strong demand for citrus oil in the food and beverage industry, particularly for improving the flavors and aroma of different food items such as beverages, salads, bakery, and other products. The consumers are shifting towards carbonated beverages, bakery items, confectionery, and non-carbonated beverages, which has a positive impact on the demand of the market. In Europe, Germany and Denmark are the highest consumers of carbonated beverages, with half of the consumers drink these beverages more than once a week. The organic and natural formulation based citrus oil provides higher profit margins as they are expensive as compared to the conventional citrus oil. According to the International Trade Center (ITC) publications, organic bergamot orange oil is 2.6 times costlier than conventional bergamot oil during 2014. This factor is responsible for growing the demand of citrus oil over the coming years.

Restraint in the Citrus Oil Market

On the other hand, the increasing usage of pesticides or fertilizer sprays in the farms to increase the production is a significant factor that is hampering the growth of the market.

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Product – Segment Analysis

Based on the Product, the orange oil segment is anticipated to grow at a faster CAGR during the forecast period. The strong demand for cosmetics and skincare products that are often used for skin rejuvenation is a key driver that is driving the segment growth. The orange oil has antiseptic and anti-inflammatory properties, thus making it an ultimate ingredient for skin and hair care. The continuous use of orange oil helps in improving blood circulation and provides vitamin C, which is necessary for preventing the early signs of aging. In addition to this, the increasing awareness related to the numerous exceptional benefits offered by this oil, such as enhances the health of skin, hair, and nails, is further encouraging the consumers towards the adoption of orange oil. On the other hand, the lemon oil segment is predicted to dominate the market during the forecast period. The growing utilization of lemon oil in detergents and teeth whiteners is a significant factor that is responsible for the segment growth. Lemon oil contains d-limonene, which helps in the treatment of cancer. Thus, the growing usage of lemon oil in the pharmaceutical industry is further boosting segment growth.

Application – Segment Analysis

Based on the Application, the personal care segment is projected to grow at a higher CAGR during the forecast period. The increasing usage of citrus oil, especially lemon oil, in skincare products due to its antiseptic properties is expected to surge the segment growth. On the other edge, the food & beverages segment is expected to dominate the market during the forecast period. The citrus oil is used in different beverages and food products to add a refreshing and sweet flavor. It is commonly used in tea, smoothies, packaged water, flavored yogurts, dips, and baked items such as cookies and muffins.

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Regional – Segment Analysis:

Based on the region, Europe region is projected to grow at a higher CAGR during the forecast period. The strong demand for natural cosmetics, beauty products, and medicines driven by growing consumer awareness is a major factor that is driving the regional market growth. Germany is one of the biggest markets in terms of product consumption, followed by the United Kingdom. On the other hand, North America is anticipated to dominate the market over the forecast period. The high consumer awareness and the easy availability of various sophisticated products, especially in the US, are the two major factors surging the market’s growth. The US is one of the leading importers for citrus oils due to the strong demand for natural ingredients in the cosmetics and food & beverages industry.

Top Market Players

Various notable players operating in the market, include, Lebermuth, Inc., Mountain Rose Herbs, Young Living Essential Oils, Bontoux, Symrise, Citromax Flavors Inc., dōTERRA, Citrus and Allied Essences Ltd., Lionel Hitchen, and Citrosuco, among others.

Key Developments:

• • In 2020, Symrise entered into a partnership with Klaus Böcker, one of the South African white grapefruit supplier. Through this partnership, the company is planning to increase its environmental footprint and is expanding its citrus range with a unique taste profile.

Segments covered in the Report:

The global Citrus Oil market has been segmented on the basis of Product, Application, and key regions. Based on Product, the market is segmented into Orange Oil, Lemon Oil, Lime Oil, Grapefruit Oil and Others. Based on Application, the market is segmented into Personal Care, Food & Beverages, Pharmaceuticals, and Aromatherapy. 

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Key questions answered in this research report:

• • At what pace is global Citrus Oil market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Citrus Oil market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Citrus Oil market?
  • Which product generated maximum revenues in 2019 and identify the most promising product during the forecast period?
  • What are the various application areas of global Citrus Oil market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Lebermuth, Inc., Mountain Rose Herbs, Young Living Essential Oils, Bontoux, Symrise, Citromax Flavors Inc., dōTERRA, Citrus and Allied Essences Ltd., Lionel Hitchen, and Citrosuco, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Citrus Oil Market by Product

• • Orange Oil
  • Lemon Oil
  • Lime Oil
  • Grapefruit Oil
  • Others

Global Citrus Oil Market by Application

• • Personal Care
  • Food & Beverages
  • Pharmaceuticals
  • Aromatherapy

Global Citrus Oil Market by Region

• • North America Citrus Oil Market (Option 1: As a part of the free 25% customization)
    • North America Citrus Oil Market by Product
    • North America Citrus Oil Market by Application
    • US Citrus Oil Market All-Up
    • Canada Citrus Oil Market All-Up
  • Europe Citrus Oil Market (Option 2: As a part of the free 25% customization)
    • Europe Citrus Oil Market by Product
    • Europe Citrus Oil Market by Application
    • UK Citrus Oil Market All-Up
    • Germany Citrus Oil Market All-Up
    • France Citrus Oil Market All-Up
    • Spain Citrus Oil Market All-Up
    • Rest of Europe Citrus Oil Market All-Up
  • Asia-Pacific Citrus Oil Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Citrus Oil Market by Product
    • Asia-Pacific Citrus Oil Market by Application
    • China Citrus Oil Market All-Up
    • India Citrus Oil Market All-Up
    • Japan Citrus Oil Market All-Up
    • Rest of APAC Citrus Oil Market All-Up
  • RoW Citrus Oil Market (Option 4: As a part of the free 25% customization)
    • RoW Citrus Oil Market by Product
    • RoW Citrus Oil Market by Application
    • Brazil Citrus Oil Market All-Up
    • South Africa Citrus Oil Market All-Up
    • Saudi Arabia Citrus Oil Market All-Up
    • UAE Citrus Oil Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Citrus Oil Market All-Up

Major Players Operating in the Citrus Oil (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Lebermuth, Inc.
  • Mountain Rose Herbs
  • Young Living Essential Oils
  • Bontoux
  • Symrise
  • Citromax Flavors Inc.
  • dōTERRA
  • Citrus and Allied Essences Ltd.
  • Lionel Hitchen
  • Citrosuco