Citrus Oil Products Market Size, Share, & Trends Analysis Report (2023 – 2030)

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Report Overview

The global citrus oil products market was valued at USD 2.4 billion in 2022 and is projected to expand at a CAGR of 5.3% from 2023 to 2030. The growing demand for natural products in the personal care and cosmetics industry is driving the growth of the market. Citrus oils are gaining traction owing to their features such as antiseptic, anti-inflammatory, and antibacterial properties, which makes them suitable for cosmetic and personal care products. Additionally, the rise in health-consciousness and the growing trend of aromatherapy is pushing the demand for citrus oils.

Furthermore, the increasing applications of citrus oils in food and beverage industry is propelling the market demand. The growing consumer preference for natural ingredients in food and beverage industry is driving the demand for citrus oils, as they are used as natural flavoring and coloring agents. For instance, in May 2021, AVT Natural Products announced the launch of its new product range to meet the growing consumer demand for natural ingredients. The company launched a range of natural flavors, including orange, lemon, and bergamot, which are gaining traction due to their high-quality standards.

The rising demand for vegan products has spurred the use of citrus oils in the food and beverage industry. Citrus oils are suitable for vegan products due to their natural ingredients, which makes them a preferable choice for vegan consumers. For instance, in June 2021, The Good Life Juice Co. announced the launch of its new vegan range of cold-pressed juices with natural citrus oil as a flavor ingredient. The company also offers organic juices, which are gaining traction due to their natural ingredients.

The increasing demand for products with nutritive properties is driving the growth of the market. Consumers are increasingly opting for products with natural ingredients, which are beneficial for health. For instance, in April 2021, Avenir Natural launched a range of herbal supplements and teas, with citrus oil being an important ingredient in the product. The company’s products contain natural ingredients, which are beneficial for overall health.

The increasing disposable income of consumers and the rising trend of premiumization are expected to further boost the market growth. Furthermore, the availability of these products online further accelerates the growth of the market. Online stores are offering a wide range of citrus oil products, which is driving their sales. Additionally, e-commerce platforms are providing various offers, which is further aiding the growth of the market.

Product Insights

The orange oil segment held the largest market share in 2020 and is expected to maintain its dominance throughout the forecast period. This can be attributed to the wide range of applications of orange oil in the food, perfumery and cosmetics industries. Moreover, increasing demand for natural ingredients in food and beverage products is further driving the growth of the orange oil segment. According to an article published by the Global Citrus Oil Market, in 2020 there was an increase in the demand for orange oil due to its various applications in food and beverages, perfumes, pharmaceuticals and cosmetics.

The lemon oil segment is estimated to register the highest CAGR during the forecast period. This can be attributed to the increasing demand for lemon oil as a flavoring and fragrance ingredient. In addition, rising demand for natural ingredients and growing awareness regarding the benefits of lemon oil products is also driving the growth of the market. According to an article published by the Global Citrus Oil Market, in 2020 lemon oil emerged as the most preferred citrus essential oil due to its various applications in aromatherapy, food and beverages, and skin care products.

Distribution Channel Insights

The supermarkets and hypermarkets segment captured the major share of over 44.2% in 2022. The growth of the segment is mainly driven by the rising consumer inclination towards supermarkets & hypermarkets as a primary source to purchase citrus oil products. These establishments also provide a reasonable selection of products and assist customers in making rapid purchasing decisions for the required citrus oil product.

The online segment is anticipated to expand at the highest CAGR of 14.1% over the forecast period. E-commerce development in the citrus oil industry has been rapid, with companies launching online websites and shopping apps to increase their brand visibility among consumers. For instance, in December 2022, Amazon launched a dedicated online store for citrus oil products. The website will offer a wide range of citrus oil products from various brands. In addition, it will also offer the best brands and products for customers along with expert advice and opinions on choosing the best product.

Type Insights

The essential oils segment accounted for the largest revenue share of 80.2% in the year 2022. The increasing inclination of consumers towards natural products is propelling the demand for essential oils. Manufacturers are focusing on the production of citrus essential oil, as it has many health benefits. For instance, in July 2022, Citrus and Allied Essences Limited, an essential oils manufacturer, launched a new range of citrus essential oils. The new range includes bergamot, bitter orange, lime, mandarin, orange, and tangerine. The increasing focus on product launches and innovations is likely to propel the segment in the forecast period.

The cold-pressed segment is estimated to expand at the fastest CAGR of 6.3% over the forecast period. Cold-pressed essential oils are made by crushing (macerating) the fruits and then pressing them to extract the oil. The cold-pressed process retains more of the natural fragrance and flavor of the fruits and retains more of the therapeutic properties of the oils. The increasing demand for natural ingredients in food and beverages is likely to drive the cold-pressed segment in the forecast period.

Regional Insights

Europe dominated the market in 2022 and is expected to maintain its dominance over the forecast period. This region’s growth can be attributed to the increasing demand for processed foods and beverages, which have led to the rising demand for citrus oil products. Moreover, the growing awareness about the benefits of essential oils and the presence of large-scale cosmetic, perfumery, and skincare companies are driving the market growth in this region.

Asia Pacific is expected to witness the fastest growth over the forecast period. This growth can be attributed to the growing demand for citrus oil products in the countries of this region, such as India, China, and Japan. The increasing use of citrus oil products in aromatherapy, household fragrances, and food & beverage is expected to drive the market growth in this region. In addition, the changing lifestyle of the middle-class population, growing per capita income, and rising awareness regarding the benefits of citrus oil are expected to drive the market growth in the region.

Financial Projections

In this part of the citrus oil products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for the business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a citrus oil products business comes from the sale of the citrus oil products themselves. Revenues can also come from the sale of related products, such as essential oils, carrier oils, and other complementary products. This section also provides a list of other potential sources of income, such as wholesale contracts and online sales.

Projecting Expenses
In this section, all the regular expenses related to keeping the citrus oil products business running will be described. The list of operating expenses includes wages, packaging materials, shipping costs, utilities, advertising, and other operational costs. Other expenses such as research and development costs, product testing costs, and market research costs should also be taken into consideration.

Key companies & market share insights

Some of the key companies operating in the citrus oil products market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In July 2022, Citrus Magic launched a range of citrus-scented air fresheners, fabric refreshers, and other products.

– In August 2022, doTERRA International launched a range of citrus-scented essential oils.

– In October 2022, Young Living Essential Oils launched a range of citrus-scented room diffusers.

Some of the prominent players in the citrus oil products market include:

– Citrus Magic
– doTERRA International
– Young Living Essential Oils
– Citrus Plus
– Bergamot Essential Oil
– NOW Foods
– Plant Therapy Essential Oils
– Gya Labs
– Fabulous Frannie
– dōTERRA Japan

Global Citrus Oil Market Segmentation

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global citrus oil products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Orange Oil
– Lemon Oil
– Lime Oil
– Bergamot Oil
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Natural
– Synthetic

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

Frequently Asked Questions

[Q]: What is the Potential of Product Innovation in the Citrus Oil Products Market?
[A]: Product innovation is an important factor for the citrus oil products market. With increasing demand for natural and organic solutions, companies are investing in research and development to create products that are natural and free of harmful chemicals and toxins. Companies are also focusing on developing products that have enhanced functionalities such as antioxidant and anti-inflammatory benefits. Additionally, innovation in packaging is also expected to drive market growth.

[Q]: Who are the Key Players in the Citrus Oil Products Market?
[A]: Key players in the citrus oil products market are Citrus World, Inc., Citrosuco Paulista S.A., Citrus and Allied Essences, Ltd., Dole Food Company, Inc., A.P. Green Industries, Inc., Citromax Flavors, Inc., Florida Chemical Company, Inc., Valensa International, and Citrofrut S.A.

[Q]: Which Region Offers the Largest Opportunity for Sales of Citrus Oil Products?
[A]: Asia Pacific is expected to be the most lucrative region for citrus oil products owing to the increasing demand for natural ingredients and increasing consumption of citrus-based products in countries such as India and China.

[Q]: What are the factors driving the citrus oil products market?
[A]: Factors such as the increasing demand for natural and organic solutions, growing consumption of citrus-based products, and increasing awareness of the health benefits of citrus oil products are expected to drive market growth. Additionally, technological advancements in product packaging and increasing demand from the food and beverage industry are also expected to propel market growth.

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Citrus Oil Products Market Size, Share, & Trends Analysis Report (2023 – 2030)

Report Overview

The global citrus oil products market was valued at USD 2.4 billion in 2022 and is projected to expand at a CAGR of 5.3% from 2023 to 2030. The growing demand for natural products in the personal care and cosmetics industry is driving the growth of the market. Citrus oils are gaining traction owing to their features such as antiseptic, anti-inflammatory, and antibacterial properties, which makes them suitable for cosmetic and personal care products. Additionally, the rise in health-consciousness and the growing trend of aromatherapy is pushing the demand for citrus oils.

Furthermore, the increasing applications of citrus oils in food and beverage industry is propelling the market demand. The growing consumer preference for natural ingredients in food and beverage industry is driving the demand for citrus oils, as they are used as natural flavoring and coloring agents. For instance, in May 2021, AVT Natural Products announced the launch of its new product range to meet the growing consumer demand for natural ingredients. The company launched a range of natural flavors, including orange, lemon, and bergamot, which are gaining traction due to their high-quality standards.

The rising demand for vegan products has spurred the use of citrus oils in the food and beverage industry. Citrus oils are suitable for vegan products due to their natural ingredients, which makes them a preferable choice for vegan consumers. For instance, in June 2021, The Good Life Juice Co. announced the launch of its new vegan range of cold-pressed juices with natural citrus oil as a flavor ingredient. The company also offers organic juices, which are gaining traction due to their natural ingredients.

The increasing demand for products with nutritive properties is driving the growth of the market. Consumers are increasingly opting for products with natural ingredients, which are beneficial for health. For instance, in April 2021, Avenir Natural launched a range of herbal supplements and teas, with citrus oil being an important ingredient in the product. The company’s products contain natural ingredients, which are beneficial for overall health.

The increasing disposable income of consumers and the rising trend of premiumization are expected to further boost the market growth. Furthermore, the availability of these products online further accelerates the growth of the market. Online stores are offering a wide range of citrus oil products, which is driving their sales. Additionally, e-commerce platforms are providing various offers, which is further aiding the growth of the market.

Product Insights

The orange oil segment held the largest market share in 2020 and is expected to maintain its dominance throughout the forecast period. This can be attributed to the wide range of applications of orange oil in the food, perfumery and cosmetics industries. Moreover, increasing demand for natural ingredients in food and beverage products is further driving the growth of the orange oil segment. According to an article published by the Global Citrus Oil Market, in 2020 there was an increase in the demand for orange oil due to its various applications in food and beverages, perfumes, pharmaceuticals and cosmetics.

The lemon oil segment is estimated to register the highest CAGR during the forecast period. This can be attributed to the increasing demand for lemon oil as a flavoring and fragrance ingredient. In addition, rising demand for natural ingredients and growing awareness regarding the benefits of lemon oil products is also driving the growth of the market. According to an article published by the Global Citrus Oil Market, in 2020 lemon oil emerged as the most preferred citrus essential oil due to its various applications in aromatherapy, food and beverages, and skin care products.

Distribution Channel Insights

The supermarkets and hypermarkets segment captured the major share of over 44.2% in 2022. The growth of the segment is mainly driven by the rising consumer inclination towards supermarkets & hypermarkets as a primary source to purchase citrus oil products. These establishments also provide a reasonable selection of products and assist customers in making rapid purchasing decisions for the required citrus oil product.

The online segment is anticipated to expand at the highest CAGR of 14.1% over the forecast period. E-commerce development in the citrus oil industry has been rapid, with companies launching online websites and shopping apps to increase their brand visibility among consumers. For instance, in December 2022, Amazon launched a dedicated online store for citrus oil products. The website will offer a wide range of citrus oil products from various brands. In addition, it will also offer the best brands and products for customers along with expert advice and opinions on choosing the best product.

Type Insights

The essential oils segment accounted for the largest revenue share of 80.2% in the year 2022. The increasing inclination of consumers towards natural products is propelling the demand for essential oils. Manufacturers are focusing on the production of citrus essential oil, as it has many health benefits. For instance, in July 2022, Citrus and Allied Essences Limited, an essential oils manufacturer, launched a new range of citrus essential oils. The new range includes bergamot, bitter orange, lime, mandarin, orange, and tangerine. The increasing focus on product launches and innovations is likely to propel the segment in the forecast period.

The cold-pressed segment is estimated to expand at the fastest CAGR of 6.3% over the forecast period. Cold-pressed essential oils are made by crushing (macerating) the fruits and then pressing them to extract the oil. The cold-pressed process retains more of the natural fragrance and flavor of the fruits and retains more of the therapeutic properties of the oils. The increasing demand for natural ingredients in food and beverages is likely to drive the cold-pressed segment in the forecast period.

Regional Insights

Europe dominated the market in 2022 and is expected to maintain its dominance over the forecast period. This region’s growth can be attributed to the increasing demand for processed foods and beverages, which have led to the rising demand for citrus oil products. Moreover, the growing awareness about the benefits of essential oils and the presence of large-scale cosmetic, perfumery, and skincare companies are driving the market growth in this region.

Asia Pacific is expected to witness the fastest growth over the forecast period. This growth can be attributed to the growing demand for citrus oil products in the countries of this region, such as India, China, and Japan. The increasing use of citrus oil products in aromatherapy, household fragrances, and food & beverage is expected to drive the market growth in this region. In addition, the changing lifestyle of the middle-class population, growing per capita income, and rising awareness regarding the benefits of citrus oil are expected to drive the market growth in the region.

Financial Projections

In this part of the citrus oil products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for the business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a citrus oil products business comes from the sale of the citrus oil products themselves. Revenues can also come from the sale of related products, such as essential oils, carrier oils, and other complementary products. This section also provides a list of other potential sources of income, such as wholesale contracts and online sales.

Projecting Expenses
In this section, all the regular expenses related to keeping the citrus oil products business running will be described. The list of operating expenses includes wages, packaging materials, shipping costs, utilities, advertising, and other operational costs. Other expenses such as research and development costs, product testing costs, and market research costs should also be taken into consideration.

Key companies & market share insights

Some of the key companies operating in the citrus oil products market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In July 2022, Citrus Magic launched a range of citrus-scented air fresheners, fabric refreshers, and other products.

– In August 2022, doTERRA International launched a range of citrus-scented essential oils.

– In October 2022, Young Living Essential Oils launched a range of citrus-scented room diffusers.

Some of the prominent players in the citrus oil products market include:

– Citrus Magic
– doTERRA International
– Young Living Essential Oils
– Citrus Plus
– Bergamot Essential Oil
– NOW Foods
– Plant Therapy Essential Oils
– Gya Labs
– Fabulous Frannie
– dōTERRA Japan

Global Citrus Oil Market Segmentation

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global citrus oil products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Orange Oil
– Lemon Oil
– Lime Oil
– Bergamot Oil
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Natural
– Synthetic

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

Frequently Asked Questions

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