-- Citrus Oil Industry 2019
Market Overview
The food and beverage industry has been doing several experiments to enhance the flavor and taste of food products it manufactures for the past few years. It has also been experimenting with several natural and synthetic substances to preserve the food for longer time. In both the cases, the ingredient that has shown promising results is Citrus Oil. The food industry was heavily relied on synthetic preservatives to preserve food products but the new findings in research of Citrus Oil has shown that it has naturally occurring preservatives that can be used to preserve food and beverage products. Apart from food industry, Citrus Oil is being increasingly used in aromatherapy, homecare and personal care industries.
Market by Top Citrus Oils Companies, this report covers
Symrise
Lionel Hitchen
Bontoux
Citrus and Allied Essences
Young Living Essential Oils
Citrus Oleo
Mountain Rose Herbs
DOTERRA International
Citrosuco
Citromax
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The Citrus Oil is made not from the fruits of citrus family but from the peels of the fruits. Traditionally the Citrus Oil was extracted using cold press method where the peels of the fruit were boiled and the essential oil was collected through evaporation. Over the past few years, new methods have been employed to extract oils from the fruits efficiently without wasting even a drop of oil. Microwave hydro-diffusion and gravity is one such method where instead of water, hydro-diffusion process is employed and the oil is collected through gravity. The process not only saves water but also reduces waste and saves energy.
The revenue generated from Citrus Oil was estimated at more than USD $1,000 million in 2017 and it is expected to reach around USD $1,700 by the year 2027 at a CAGR of 5.3%. The main growth of the market is going to come from food and beverage industry since there is growing demand for natural preservatives and flavor enhancers. The increasing growth of travel and leisure industry with facilities like spa, aromatherapy and rejuvenation centers is also helping the growth of the market.
Segmentation
The global Citrus Oil industry market is segmented into the following categories:
Segmentation by Product: Lemon Oil, Orange Oil, Lime Oil, Grapefruit Oil, Mandarin Oil and others.
Segmentation by Application: Personal Care, Homecare, Food and Beverage, Pharmaceuticals and Aromatherapy.
Orange oil has a strong hold on the market taking a share of 29% in the year 2018. This is mainly because of the rise in demand for cosmetics and skin care products where the orange oil is used abundantly due its antiseptic, anti-inflammatory and ant-aging properties. The lemon oil has shown promising growth and it is expected to grow at a CAGR of around 8% over the period of forecast.
When it comes to application, food and beverage industry stands tall in using Citrus Oil followed by personal care industry.
Regional Analysis
The regions considered for the Citrus Oil market analysis are as follows:
North America (USA), Europe (Germany and UK), Asia Pacific (China and India), Central and South America (Brazil), and Middle East and Africa.
Europe took the largest market share of around 40% in the year 2018 mainly due to rising demand for natural beauty product, cosmetics and medicines. North America is going to be second largest consumer of Citrus Oil and the fastest growth would come from Asia Pacific at a CAGR of around 9% over the forecast period.
Industry News
In August 2018, a new line of essential oils was launched by Isagenix International. In the same year, Garden of Line collaborated with leading aroma therapists of America and network of family farms to launch 10 new essential oil products.
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Table of Contents –Analysis of Key Points
1 Market Overview
2 Manufacturers Profiles
3 Global Citrus Oils Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
4 Global Citrus Oils Market Analysis by Regions
5 North America Citrus Oils by Country
6 Europe Citrus Oils by Country
7 Asia-Pacific Citrus Oils by Country
8 South America Citrus Oils by Country
9 Middle East and Africa Citrus Oils by Countries
10 Global Citrus Oils Market Segment by Type
11 Global Citrus Oils Market Segment by Application
12 Citrus Oils Market Forecast (2019-2025)
13 Sales Channel, Distributors, Traders and Dealers
14 Research Findings and Conclusion
15 Appendix
List of Tables and Figures
Continued…..
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