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Citrus Essential Oil Market By Product Type (Orange Oil, Lemon Oil, Lime Oil, Mandarin Oil, Grapefruit Oil, Bergamot Oil), By Application Type (Food & Beverages, Cosmetics & Toiletries, Spa & Relaxation, Cleaning & Home, Medical) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2023

Over the past two decades, the amount of imports and exports of essential oils has increased extensively, from just over US$ 600 million in 1990 to more than US$ 4.0 billion in 2010. Most of the trade in essential oils takes place in the European Union (EU), South America, the North American Free Trade Area (NAFTA), and East Asia, with very little trade happening in Africa and, in particular, the Southern African Development Community (SADC) region.

This study on the citrus essential oil market provides a holistic view of the market. The said study covers a comprehensive analysis of citrus essential oil market segments based on the type of product, applications, and cross-sectional analysis across different geographical regions.

Citrus essential oils are most likely the least talked about of all essential oils. Citrus essential oils are the extracts of oranges, limes, grapefruit, mandarins, tangerines, and lemons. The essential oils are extracted (cold-pressed) from the skin or rind of the fruit. The bit of fruit we tend to throw away The citrus essential oil market is witnessing growth due to its wide usage in the alcoholic beverages and soft drink industries, soaps, detergents, cosmetics, and processed food industries, among others. Rising consumer preference for natural products is another factor contributing to market growth.

On the basis of product type, the segments included are orange oil, lemon oil, lime oil, mandarin oil, grapefruit oil, and bergamot oil. Orange oil is the most widely used citrus essential oil due to its anti-inflammatory, aphrodisiac, antidepressant, and antiseptic properties. Moreover, it is the most inexpensive of all essential oils. Grapefruit oil and lemon oil are the other extensively used citrus essential oils.

On the basis of application, the segments included are food and beverages, cosmetics and toiletries, spa and relaxation, cleaning and home, medical, and others. The food and beverage industry is the major consumer of citrus essential oils. They are also extensively used in the ever-expanding area of aromatherapy.

On the basis of geography, the global market for citrus essential oils was dominated by Europe, owing to the growing demand for natural products from various sectors, such as food, cosmetics, and personal care, among others. Germany and the U.K. are the major consumers of citrus essential oils. North America is projected to be the second-largest market, followed by Asia Pacific. In North America, the U.S. is the largest market. Asia Pacific is projected to witness the fastest growth rate during the forecast period.

On the basis of product type, the citrus essential oils market is categorized into the following segments:

  • Orange oil
  • Lemon oil
  • Lime oil
  • Mandarin oil
  • Grapefruit oil
  • Bergamot oil

Among all the types of citrus essential oils, orange oil emerged as the largest product segment, generating over US$ 700 million in 2015. Rising demand from various applications owing to its anti-inflammatory, aphrodisiac, and antidepressant properties is projected to boost orange oil demand over the coming few years. Also, it is the most low-priced of all essential oils. Citrus oils such as lemon oils and grapefruit oils are projected to grow at a significant rate on account of their antibacterial, antiseptic, and immune-stimulating properties.

Lime oil is another product segment projected to grow at a substantial CAGR of 9.1% in terms of volume during the forecast period of 2016 to 2023. It works well at removing oil, grease, and gum. It’s also great for sore throats and infections. Lime oil has an aroma that is refreshing and uplifting, so it works wonders if one is feeling listless or exhausted. Bergamot citrus essential oil is the most expensive of all the cold-pressed citrus oils. Its fragrance is reminiscent of that of oranges, and it can be useful during periods of depression. It is also known for its ability to help combat acne and oily skin.

The global citrus essential oils market can be categorized on the basis of applications as follows:

  • Food & Beverages
  • Cosmetics and Toiletries
  • Spa and relaxation
  • Cleaning & Home
  • Medical
  • Others

In 2015, the food and beverage segment dominated the market and accounted for 34% of global demand. The major consumer of citrus essential oils is the soft drink industry. No soft drinks can be made without essential oils such as lime or lemon. Further, alcoholic beverages are another major user of citrus essential oils. Citrus essential oils are also extensively used in the processed food and fast food industries. In the same year, cosmetics and toiletries accounted for over 21% of the market share, owing to increasing consumer sophistication and demand for natural cosmetics, beauty products, and fragrances. However, the spa and relaxation segment is projected to witness the highest growth rate during the forecast period owing to changing lifestyles, the increasing popularity of aromatherapy, and a rise in disposable income.

Other segments, such as cleaning and home and medical, are projected to witness sustainable growth rates during the forecast period.

On the basis of geography, the global market for citrus essential oils is segmented into the following regions and countries:

  • North America
  • U.S.
  • rest of North America
  • Europe
  • EU7
  • CIS
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • South Asia
  • Australasia
  • Rest of Asia Pacific
  • Rest of the World (RoW)
  • Middle East and Africa
  • Latin America

In 2015, Europe was the largest consumer of citrus essential oils and accounted for 40.1% of global demand. High inclinations toward natural products have spurred regional market growth. Europe is projected to maintain its dominance during the forecast period. Worldwide, Germany and the U.K. are the two largest consumers of citrus essential oils. North America is the second-largest consumer of citrus essential oils. The presence of large multinationals is making citrus essential oils more accessible to consumers. However, the North American market is projected to witness steady growth during the forecast period owing to market saturation.

On the other hand, Asia Pacific is projected to be the fastest-growing market. It was projected to grow at a CAGR of 9.6% during the forecast period of 2016 to 2023 in terms of volume. Rising consumer awareness regarding the benefits of citrus essential oils, changing lifestyles, and increasing disposable income are projected to foster citrus essential oil market demand in this region.

Frequently Asked Questions:

The market for Citrus Essential Oil Market is expected to reach US$ 4.0 billion In 2023.

The Citrus Essential Oil Market is expected to see significant CAGR growth over the coming years, at XX%

The report is forecasted from 2016 TO 2023.

The base year of this report is 2015.

Biolandes, Young Living Essential Oils, Plant Therapy Essential Oils, Mountain Rose Herbs, and several others are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Aug 2016
Category:  Consumer Goods
Report ID:   58043
Report Format:   PDF
Pages:   260
Rating:    4.1 (50)
Delivery Time: 24 Hours to 48 Hours   
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