Citrus Oil Market Size, Share, Growth Analysis, By Type(Orange Oil and Lemon Oil), By Application(Food and Beverages, and Cosmetics and Personal care), By Region - Industry Forecast 2024-2031

Q: What is the global market size of Citrus Oil Market?

Global Citrus Oil Market size was valued at USD 13.8 billion in 2021 and is poised to grow from USD 14.74 billion in 2022 to USD 24.95 billion by 2030, growing at a CAGR of 6.8% in the forecast period (2023-2030).

Q: What is the key driver of Global Citrus Oil Market?

One of the key drivers for the growth of the global citrus oil market is the increasing demand for natural and organic products. Consumers are becoming more conscious of the harmful effects of synthetic chemicals in products, which has led to a growing preference for natural alternatives. Citrus oil, being a natural and organic product, has gained significant popularity in the food and beverage, cosmetics, and personal care industries. Moreover, the rising awareness about the health benefits of citrus oil is also contributing to the market growth.

Q: What is the key market trend for Global Citrus Oil Market?

One of the key market trends in the global citrus oil market is the growing demand for organic and natural products. Consumers are increasingly looking for products that are free from synthetic chemicals and additives, and citrus oil, being a natural and organic product, is gaining significant popularity. Moreover, there is a growing trend of using citrus oil in the food and beverage industry as a natural flavoring agent, which is driving the market growth. Additionally, the rising demand for citrus oil in the cosmetics and personal care industry is also a major trend in the market.

Report ID: SQMIG10D2017 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 60 | Figures: 75

Citrus Oil Market Regional Insights

North America dominated the global citrus oil market. The region is witnessing significant growth due to the rising demand for natural and organic products, coupled with increasing awareness about the health benefits of citrus oil. Moreover, the presence of several key players in the region, such as Lionel Hitchen (Essential Oils) Ltd. and Mountain Rose Herbs, Inc., is also driving the growth of the citrus oil market in North America.

Asia-Pacific is expected to be the fastest-growing region in the global citrus oil market during the forecast period. The increasing demand for citrus oil in the food and beverage industry and the growing popularity of aromatherapy in the region are the major factors driving the market growth. Moreover, the rising disposable income, changing lifestyles, and increasing awareness about the health benefits of citrus oil are also contributing to the growth of the market in Asia-Pacific. China, India, and Japan are the major markets in the Asia-Pacific region.

Citrus Oil Market Report Snapshots

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Citrus Oil Market size was valued at USD 13.8 billion in 2021 and is poised to grow from USD 14.74 billion in 2022 to USD 24.95 billion by 2030, growing at a CAGR of 6.8% in the forecast period (2023-2030).

With numerous small and large players competing for customers, the citrus oil market is highly fragmented. The market is characterized by fierce rivalry between players, with a focus on new product launches, alliances, and mergers and acquisitions to increase their market presence. Moreover, players are investing in research and development activities to enhance the quality of their products and cater to the changing consumer preferences. The market is also witnessing increasing competition from synthetic fragrance and flavoring agents, which is a major challenge for players in the citrus oil market. 'Citrus and Allied Essences Ltd.', 'Lionel Hitchen Essential Oils Ltd.', 'Symrise AG', 'Young Living Essential Oils LC', 'Bontoux S.A.S.', 'Mountain Rose Herbs', 'Citromax Flavors Inc.', 'Ultra International B.V.', 'Citrus Oleo', 'Citrus Fragrance Oil Co., Inc.', 'Florachem Corp.', 'Citrus and Allied (USA) Ltd.', 'Lebermuth Company', 'Viva Corporation', 'Citrus Tropic', 'Falcon Essential Oils', 'Citrus and Allied Essences (Canada) Ltd.', 'Lime Essential Oil Co.', 'J.P. Essential Oils & Aromatics', 'Citrosuco'

One of the key drivers for the growth of the citrus oil market is the increasing demand for natural and organic products. Consumers are becoming more conscious of the harmful effects of synthetic chemicals in products, which has led to a growing preference for natural alternatives. Citrus oil, being a natural and organic product, has gained significant popularity in the food and beverage, cosmetics, and personal care industries. Moreover, the rising awareness about the health benefits of citrus oil is also contributing to the market growth.

One of the key market trends in the citrus oil market is the growing demand for organic and natural products. Consumers are increasingly looking for products that are free from synthetic chemicals and additives, and citrus oil, being a natural and organic product, is gaining significant popularity. Moreover, there is a growing trend of using citrus oil in the food and beverage industry as a natural flavoring agent, which is driving the market growth. Additionally, the rising demand for citrus oil in the cosmetics and personal care industry is also a major trend in the market.

North America dominated the citrus oil market. The region is witnessing significant growth due to the rising demand for natural and organic products, coupled with increasing awareness about the health benefits of citrus oil. Moreover, the presence of several key players in the region, such as Lionel Hitchen (Essential Oils) Ltd. and Mountain Rose Herbs, Inc., is also driving the growth of the citrus oil market in North America.

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Citrus Oil Market Size, Share, Growth Analysis, By Type(Orange Oil and Lemon Oil), By Application(Food and Beverages, and Cosmetics and Personal care), By Region - Industry Forecast 2024-2031

Citrus Oil Market Regional Insights

Citrus Oil Market Report Snapshots

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What is the key driver of Citrus Oil Market?

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