Citrus Oil Market, By Product (Lemon Oil, Orange Oil, Lime Oil, Mandarin Oil, Grapefruit Oil, and Others), By Application (Food and Beverage, Cosmetics, Personal Care Products and Others) and by Region (NA, EU, APAC, LA, MEA) Analysis, Size, Share, Trends, & Forecast from 2021-2027
REPORT HIGHLIGHT
The Citrus Oil market is expected to be valued at USD 10.21 billion in 2020, growing with a 6.3% CAGR during the forecast period, 2021-2027.
Citrus oil is derived by cold pressing citrus fruits such as oranges, lemons, and grapefruits, and is used in perfume, flavoring beverages, and desserts in the food and beverage industry. With the growing popularity of organic and plant-based products, customers are more interested in employing natural fragrances rather than chemical ones. In addition, the rising demand for cosmetic treatments in spas and massage facilities is expected to boost citrus oil usage in the global market over the forecast period. Orange oil, lime oil, and other product categories were segmented in the marketplace.
Market Dynamics
The widespread notion that synthetically produced foods and beverages have poorer nutritional value continues to have a stifling effect on citrus oil sales. Demand for organically sourced citrus oil is projected to continue to outstrip demand for organic citrus oil in the future. While natural citrus oil output is more practical than obtaining it organically, customers are likely to prefer naturally-derived citrus oil owing to its advantages. Even the tiniest amount of processing in the creation of organic citrus oil is likely to compromise citrus oil's health benefits. By the end of 2027, more than three-quarters of the value of t will have been reached.
Product Takeaway
In 2019, the orange oil sector had the biggest market share of roughly 29%. The rising demand for skin rejuvenation makeup and skincare products is expected to boost the segment's growth. Orange oil has antibacterial and anti-inflammatory characteristics, making it the ideal skin and hair care ingredient. According to research, consistent use of these items improves blood circulation, vitamin C absorption, and collagen formation, all of which are important for preventing and slowing the indications of aging. These products also aid in the improvement of skin, hair, and nail health. Consumer knowledge of these benefits is expected to increase, which will help the industry thrive.
Application Takeaway
Over the forecast period, the personal care category is expected to continue to have the greatest market share. The rising use of antiseptic and antibacterial qualities of goods like lemon and grapefruit oil in beauty products is expected to fuel the segment's growth over the forecast period. In 2019, food and beverages accounted for a large portion of the market. Citrus oils are used to give smoothies, tea, bottled water, and baked goods like muffins and biscuits a refreshing and sweet flavor. Citrus oils can also be used to flavor yogurts and dips, among other things. This element is expected to boost the segment's growth in the next years.
Regional Takeaway
Due to rising consumer awareness among consumers for natural cosmetics, beauty goods, and medications, Europe held the greatest market share of 39.5 percent in 2018. In regarding product consumption, Germany is expected to remain the largest market, followed by the United Kingdom.
COVID-19 Impact
COVID-19's global impact resulted in significant revenue drops in the food and beverage industries. The closure of supermarkets and department stores during the lockdown resulted in a drop in sales and revenue for other products, which had an indirect influence on the citrus oil market.
The COVID-19 epidemic has forced the closure of the majority of food and beverage manufacturing plants, cosmetic manufacturing plants, and massage parlors. As a result, the supply of citrus oil for industrial use has decreased. People will prefer more organic and natural goods for health advantages, which are created from plant-based and herbs, as a result of Post-favorable COVID's effect on the citrus oil market.
Key Vendor Takeaway
Some of the major players in this industry include The Lebermuth Co. Inc., Young Living Essential Oil LC, Vaibhav Perfumery, Symrise AG, Mountain Rose Inc., Kanta Enterprises Pvt Ltd, KK Enterprise, Ingrilli Citrus Inc., doTERRA International, LLC, Citrus, and Allied Essences Ltd.
The market size and forecast for each segment and sub-segments has been considered as below:
- Historical Year – 2016 to 2018
- Base Year – 2019
- Estimated Year – 2020
- Projected Year – 2021 to 2027
TARGET AUDIENCE
- Manufacturers
- Raw Material Suppliers
- Distributors
- OEMs
- Research Organizations
- Consulting Firms
- Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL CITRUS OIL MARKET KEY PLAYERS
- The Lebermuth Co. Inc.
- Young Living Essential Oil LC
- Vaibhav Perfumery
- Symrise AG
- Mountain Rose Inc
- Kanta Enterprises Pvt Ltd
- K. Enterprise
- Ingrilli Citrus Inc
- doTERRA International, LLC
- Citrus and Allied Essences Ltd
- Citrosuco
- Citromax Flavor Inc.
- Cedarome
- Bontoux S.A.S
- Astrra Chemicals
GLOBAL CITRUS OIL MARKET, BY PRODUCT
- Lemon Oil
- Orange Oil
- Lime Oil
- Mandarin Oil
- Grapefruit Oil
- Others
GLOBAL CITRUS OIL MARKET, BY APPLICATION
- Food and Beverage
- Cosmetics
- Personal Care Products
- Others
GLOBAL CITRUS OIL MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA
TABLE OF CONTENT
1. CITRUS OIL MARKET OVERVIEW
1.1. Study Scope
2. EXECUTIVE SUMMARY
2.1. Market Snippet
2.1.1. Market Snippet by Product
2.1.2. Market Snippet by Application
2.1.3. Market Snippet by Region
2.2. Competitive Insights
3. CITRUS OIL KEY MARKET TRENDS
3.1. Market Drivers
3.1.1. Impact Analysis of Market Drivers
3.2. Market Restraints
3.2.1. Impact Analysis of Market Restraints
3.3. Market Opportunities
3.4. Market Future Trends
4. CITRUS OIL INDUSTRY STUDY
4.1. Porter’s Five Forces Analysis
4.2. Marketing Strategy Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis
5. CITRUS OIL MARKET: COVID-19 IMPACT ANALYSIS
5.1. Pre-COVID-19 Impact Analysis
5.2. Post-COVID-19 Impact Analysis
5.2.1. Top Performing Segments
5.2.2. Marginal Growth Segments
5.2.3. Top Looser Segments
5.2.4. Marginal Loss Segments
6. CITRUS OIL MARKET LANDSCAPE
6.1. Market Share Analysis, 2019
6.2. Key Innovators Analysis
6.3. Breakdown Data, by Key Manufacturer
6.3.1. Established Players’ Analysis
6.3.2. Emerging Players’ Analysis
7. CITRUS OIL MARKET – BY PRODUCT
7.1. Overview
7.1.1. Segment Share Analysis, By Product, 2020 & 2027 (%)
7.2. Lemon Oil
7.2.1. Overview
7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
7.3. Orange Oil
7.3.1. Overview
7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
7.4. Lime Oil
7.4.1. Overview
7.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
7.5. Mandarin Oil
7.5.1. Overview
7.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
7.6. Grapefruit Oil
7.6.1. Overview
7.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
7.7. Others
7.7.1. Overview
7.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8. CITRUS OIL MARKET – BY APPLICATION
8.1. Overview
8.1.1. Segment Share Analysis, By Aircraft Type, 2020 & 2027 (%)
8.2. Food and Beverage
8.2.1. Overview
8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.3. Cosmetics
8.3.1. Overview
8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.4. Personal Care Products
8.4.1. Overview
8.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
8.5. Others
8.5.1. Overview
8.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9. CITRUS OIL MARKET– BY GEOGRAPHY
9.1. Introduction
9.1.1. Segment Share Analysis, By Geography, 2020 & 2027 (%)
9.2. North America
9.2.1. Overview
9.2.2. Key Manufacturers in North America
9.2.3. North America Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.2.4. North America Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.2.5. North America Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.2.6. U.S.
9.2.6.1. Overview
9.2.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.2.6.3. U.S. Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.2.6.4. U.S. Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.2.7. Canada
9.2.7.1. Overview
9.2.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.2.7.3. Canada Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.2.7.4. Canada Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.3. Europe
9.3.1. Overview
9.3.2. Key Manufacturers in Europe
9.3.3. Europe Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.3.4. Europe Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.3.5. Europe Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.3.6. Germany
9.3.6.1. Overview
9.3.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.6.3. Germany Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.3.6.4. Germany Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.3.7. Italy
9.3.7.1. Overview
9.3.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.7.3. Italy Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.3.7.4. Italy Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.3.8. United Kingdom
9.3.8.1. Overview
9.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.8.3. United Kingdom Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.3.8.4. United Kingdom Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.3.9. France
9.3.9.1. Overview
9.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.9.3. France Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.3.9.4. France Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.3.10. Rest of Europe
9.3.10.1. Overview
9.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.3.10.3. Rest of Europe Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.3.10.4. Rest of Europe Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.4. Asia Pacific
9.4.1. Overview
9.4.2. Key Manufacturers in Asia Pacific
9.4.3. Asia Pacific Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.4.4. Asia Pacific Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.4.5. Asia Pacific Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.4.6. India
9.4.6.1. Overview
9.4.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.6.3. India Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.4.6.4. India Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.4.7. China
9.4.7.1. Overview
9.4.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.7.3. China Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.4.7.4. China Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.4.8. Japan
9.4.8.1. Overview
9.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.8.3. Japan Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.4.8.4. Japan Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.4.9. Rest of APAC
9.4.9.1. Overview
9.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.4.9.3. Rest of APAC Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.4.9.4. Rest of APAC Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.5. Latin America
9.5.1. Overview
9.5.2. Key Manufacturers in Latin America
9.5.3. Latin America Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.5.4. Latin America Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.5.5. Latin America Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.5.6. Brazil
9.5.6.1. Overview
9.5.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.6.3. Brazil Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.5.6.4. Brazil Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.5.7. Mexico
9.5.7.1. Overview
9.5.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.7.3. Mexico Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.5.7.4. Mexico Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.5.8. Argentina
9.5.8.1. Overview
9.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.8.3. Argentina Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.5.8.4. Argentina Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.5.9. Rest of Europe
9.5.9.1. Overview
9.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.5.9.3. Rest of LATAM Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.5.9.4. Rest of LATAM Market Size and Forecast, By Application, 2016 - 2027 (US Billion)
9.6. Middle East and Africa
9.6.1. Overview
9.6.2. Key Manufacturers in Middle East and Africa
9.6.3. Middle East and Africa Market Size and Forecast, By Country, 2016 - 2027 (US$ Billion)
9.6.4. Middle East and Africa Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.6.5. Middle East and Africa Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.6.6. Saudi Arabia
9.6.6.1. Overview
9.6.6.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.6.6.3. Saudi Arabia Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.6.6.4. Saudi Arabia Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.6.7. United Arab Emirates
9.6.7.1. Overview
9.6.7.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.6.7.3. United Arab Emirates Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.6.7.4. United Arab Emirates Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
9.6.8. Rest of MEA
9.6.8.1. Overview
9.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 - 2027, (US$ Billion)
9.6.8.3. Rest of MEA Market Size and Forecast, By Product, 2016 - 2027 (US$ Billion)
9.6.8.4. Rest of MEA Market Size and Forecast, By Application, 2016 - 2027 (US$ Billion)
10. KEY VENDOR ANALYSIS
10.1. Competitive Dashboard
10.2. Company Profiles
10.2.1. The Lebermuth Co. Inc.
10.2.1.1. Company Snapshot
10.2.1.2. Financial Performance
10.2.1.3. Product Benchmarking
10.2.1.4. Strategic Initiatives
10.2.2. Young Living Essential Oils LC
10.2.3. Vaibhav Perfumery
10.2.4. Symrise AG
10.2.5. Mountain Rose Inc.
10.2.6. Kanta Enterprises Pvt Ltd
10.2.7. K.K Enterprise
10.2.8. Ingrilli Citrus Inc.
10.2.9. doTERRA International, LLC
10.2.10. Citrus and Allied Essences Ltd
10.2.11. Citrosuco
10.2.12. Citromax Flavors Inc.
10.2.13. Cedarome
10.2.14. Bontoux S.A.S
10.2.15. Astrra Chemicals
11. 360 DEGREE ANALYST VIEW
12. APPENDIX
12.1. Research Methodology
12.2. References
12.3. Abbreviations
12.4. Disclaimer
12.5. Contact Us
