How Has the Citrus Oil Market Size Evolved in Recent Years?
The citrus oil market has seen considerable growth due to a variety of factors.
• In recent times, there has been a substantial increase in the size of the citrus oil market. It is projected to grow from $8.29 billion in 2024 to $8.85 billion in 2025, with a compound annual growth rate (CAGR) of 6.7%.
The accelerated growth during the historical period is due to an increase in customers' understanding of natural products, expansion in the aromatherapy industry, surging demand for natural flavoring substances in the food sector, growth in personal care items utilizing citrus oils, and a surge in health-awareness among consumers.
What Are The Predictions for The Citrus Oil Market in the Coming Years?
The citrus oil market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of citrus oil is projected to experience significant growth in the upcoming years, with estimates suggesting it will escalate to $11.36 billion by 2029, representing a compound annual growth rate (CAGR) of 6.4%.
This anticipated growth can be credited to several factors, including an amplified demand for sustainable and environmentally-friendly products, a mounting preference for plant-derived ingredients, a burgeoning interest in bio-solvents, an increased desire for luxury skincare products, and a broadened spectrum of citrus oil uses in the pharmaceutical sector. Key trends predicted within this period involve a noticeable movement towards clean-label products and transparency in raw material sourcing, augmented usage in functional beverages, growing attraction of citrus oils for all-around wellness products, higher demand for bespoke aromatherapy answers, and innovative multi-purpose citrus oil products offering skincare, scent, and health advantages.
Which Drivers Are Accelerating Growth In The Citrus Oil Market?
The growth of the citrus oil market is anticipated to be fueled by its increasing application in the food and beverage industry. This sector encompasses all edible goods, whether liquid or solid, that are designed and distributed for human consumption. Various factors contribute to the escalating demand for such products, including growth in population, alterations in lifestyle, awareness of health, and sustainability movements. Citrus oils not only enrich the taste and smell of these items but also infuse them with an invigorating tang. They are even known to possess health advantages such as antioxidants and digestive aid, which makes them popular in products intended for health-conscious individuals. For example, Monster Beverage Corporation, an American firm that produces energy drinks, reported in February 2023 that its total revenue for the monster energy drinks had increased by 2.6%, amounting to $1.39 billion in the last quarter of 2022, a surge from the previous figure of $1.35 billion in the final quarter of 2021. Thus, the widened application in food and beverages serves as a driving force behind the citrus oil market's growth.
What Are The Core Segments Of The Global Citrus Oil Market?
The citrus oilmarket covered in this report is segmented –
1) By Product: Lemon Oil, Orange Oil, Grapefruit Oil, Lime Oil, Other Products
2) By Source: Oranges, Tangerines Or Mandarins, Grapefruit, Lemon And Lime
3) By Extraction Method: Steam Distilled Method, Cold Pressed Method, Hydro-Distillation Method
4) By Distribution Channel: Offline, Online
5) By Application: Food And Beverages, Personal Care, Pharmaceuticals, Aromatherapy
Subsegments:
1) By Lemon Oil: Cold-Pressed Lemon Oil, Steam-Distilled Lemon Oil, Organic Lemon Oil
2) By Orange Oil: Sweet Orange Oil, Bitter Orange Oil, Blood Orange Oil, Organic Orange Oil
3) By Grapefruit Oil: Pink Grapefruit Oil, White Grapefruit Oil, Red Grapefruit Oil, Organic Grapefruit Oil
4) By Lime Oil: Persian Lime Oil, Key Lime Oil, Kaffir Lime Oil, Organic Lime Oil
5) By Other Products: Tangerine Oil, Bergamot Oil, Mandarin Oil, Yuzu Oil, Calamondin Oil
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Which Emerging Market Trends Are Altering The Citrus Oil Industry?
Leading enterprises in the citrus oil market are prioritizing the advancement of their products, including antimicrobial citrus oil, to fulfill consumers' request for natural and eco-friendly options. Antimicrobial citrus oils have the ability to stifle the progression of bacteria, fungi, and viruses, making them a popular choice in food preservation, personal hygiene items, and cleaning supplies due to their natural antimicrobial traits, enticing aromas, and health advantages. For instance, in February 2022, Down Under Enterprises Pty. Ltd., a company based in Australia that cultivates and manufactures indigenous Australian essential oils, introduced Organic Lemon Myrtle Oil to the market. It complies with Organic NOP (USDA) and BioCE standards, and it's extracted from Backhousia citridora. This essential oil is recognized for its abundance of phenolic compounds, making it perfect for applications in skincare, hair care, and home care products. It's particularly noteworthy as the most natural source of citral, recommended for usage at a 1% concentration. The oil's antimicrobial properties make it ideal as a preservative and key ingredient in personal hygiene products, while also delivering antioxidant and anti-inflammatory benefits. The oil is characterized by a delightful citrusy top note, followed by a floral heart note, and concludes with a complex base note that brings to mind citronella.
Who Are the Key Players In The Citrus Oil Market?
Major companies operating in the citrus oil market are:
• The Archer-Daniels-Midland Company
• Givaudan SA
• Firmenich SA
• Takasago International Corporation
• Young Living Essential Oils LC
• doTERRA International LLC
• Robertet SA
• Kalsec Inc.
• Citromax Group
• Mountain Rose Herbs
• Lebermuth Inc.
• Citrus and Allied Essences Ltd.
• Lionel Hitchen
• Biolandes
• K. K. Enterprise
• Florachem Corp.
• Shiva Exports India
• Sensient Essential Oils
• Kanta Enterprises Private Limited
• INDIA AROMA OILS AND COMPANY
• Bontoux S.A.S.
• AG Organica Private Limited
What Are The Regional Insights Into The Citrus Oil Market?
North America was the largest region in the citrus oil market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the citrus oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
