Global Citrus Essential Oil Market by Product Types (Orange Oil, Lemon Oil, Lime Oil, Grapefruit Oil, and Others), Applications (Personal Care, Food & Beverages, Pharmaceuticals, and Aromatherapy), and Regions (Asia Pacific, Europe, North America, the

The global citrus essential oil market was valued over USD 2 billion in 2019 and is projected to surpass USD 6 billion by 2026, at a CAGR of greater than 6%. The growth of this market is expected to be driven by the growing application combined with expanding shopper awareness in regards to the advantages of citrus oils. Citrus fruits are wellspring of nutrient C, and are multipurpose fundamental oil that is utilized in making excellence items predominantly for cleaning purposes. Moreover, citrus essential oil animates mitigate torment, makes immune system more grounded, and aides in weight reduction. It is considered as an essential oil as it contains high measure of ground-breaking antioxidant named d-limonene. The cancer prevention agents present in the oil empowers people to keep any microbes or parasites from entering our body, in this manner diminishing inflammation. It has different properties such as scrub and sanitize with refreshing scent.

Market Trends, Drivers, Restraints, and Opportunities:

• Growing awareness with respect to side effects allopathic medications and advantages of organic drugs is driving the growth of the market.
• Expanding utilization of lemon essential oil for remedial purposes such as aromatherapy is acting as a favourable factor driving the market growth.
• Rising cost of raw materials has increased the cost of production which in turn is acting as a restraint for the growth of the market.
• Availability of substitutes such as medicines is a restraint in the market growth.
• The unexplored markets of emerging economies and the use of latest technologies are opportunities for the growth of the market.

Scope of the Report

The report on the global citrus essential oil market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report. AttributesDetailsBase Year2019Historic Data2018–2019Forecast Period2020–2026Regional ScopeAsia Pacific, Europe, North America, the Middle East & Africa, and Latin AmericaReport CoverageCompany Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Global Citrus Essential Oil Valves Market Segment Insights:

Based on product types, the market is divided into orange oil, lemon oil, lime oil, grapefruit oil, and others. The orange oil segment has the biggest segment in 2019 due to antiseptic and anti-inflammatory properties which makes it a definitive element for skin and hair care. However, the lemon oil segment is expected to witness the fastest growth with a substantial CAGR in forecast period due to expanding usage in teeth cleansers and whiteners. By applications, the market is segmented into personal care, food & beverages, pharmaceuticals, and aromatherapy. The personal care segment has the biggest share is expected to dominate the global market growing with the highest CAGR during the forecast period owing to changing customer way of life and expanding utilization of natural cosmetics items. On the basis of regions, the market is segmented into Asia Pacific, Europe, North America, Middle East & Africa, and Latin America. North America has the biggest regional market of more than 40% in 2019 and will extend further at a moderate CAGR from 2020 to 2026 due to because of expanding shopper awareness for natural beauty care products. However Asia Pacific is expected to witness the fastest CAGR during the forecast period because of growing number spas and back rub massage centers in the region.

Competitive Landscape:

Some of the other key players operating in the market include Young Living Essential Oils, Plant Therapy Essential Oils, TERRA Holdings LLC, Moksha Lifestyle Products, Farotti Essenze, and Mountain Rose Herbs. The major market players gain edge in the market by activities of mergers & acquisitions and investing in research & development to offer various product offerings.

• In July 2019, Young Living Essential Oils, the world leader in essential oils, declared its procurement of Nature's Ultra to expand its product offerings.
• In June 2019, BBRC Private Equity purchases stakes in customer products organization Plant Therapy Essential Oils.

The Global Citrus Essential Oil Market has been segmented on the basis of

Product types

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

Applications

• Personal Care
• Food & Beverages
• Pharmaceuticals
• Aromatherapy

Regions

• Asia Pacific
• China
• India
• Japan
• Europe
• Germany
• K.
• France
• North America
• S.
• Canada
• Latin America
• Brazil
• Mexico
• Middle East & Africa