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

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).

Citrus oil is a type of essential oil derived from the peel of citrus fruits such as oranges, lemons, and grapefruits. It is extracted through a process called cold-pressing, which involves mechanically squeezing the peel to release the oil. Citrus oil is widely used in aromatherapy and has a refreshing and uplifting scent. It is also used in the food and beverage industry as a flavoring agent and in cleaning products for its natural disinfectant properties. Natural substances found in citrus oil, like limonene and citral, have been shown to have a variety of health advantages, including antioxidant and anti-inflammatory properties. Citrus oil's health benefits are becoming more widely known in North America, and the demand for natural and organic products is growing. Europe is also anticipated to experience significant growth as a result of the region's rising demand for natural flavors and fragrances. Asia-Pacific is expected to register the fastest growing CAGR during the forecast period, driven by the increasing demand for citrus oil in the food and beverage industry and the growing popularity of aromatherapy in the region.