Product Code: CMI2215
The citrus oil market is estimated to be valued at USD 9.23 Bn in 2024 and is expected to reach USD 15.73 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.
Report Coverage |
Report Details |
Base Year: |
2023 |
Market Size in 2024: |
US$ 9.23 Bn |
Historical Data for: |
2019 To 2023 |
Forecast Period: |
2024 To 2031 |
Forecast Period 2024 to 2031 CAGR: |
7.90% |
2031 Value Projection: |
US$ 15.73 Bn |
Figure. Citrus Oil Market Share (%), By Region 2024
Citrus oils are one of the most extensively used flavors and fragrances extracted from citrus fruits. Oranges, lemons, limes, grapefruits, and mandarins are some of the key sources for citrus oils. These oils are commonly utilized in food & beverage, cosmetics & personal care, and household products on account of their refreshing scent and taste. As consumers are moving towards natural ingredients, the demand for citrus oils is expected to rise significantly in the coming years. The increasing awareness about the therapeutic benefits of citrus oils is also fueling their usage in aromatherapy and healthcare applications. Moreover, advancements in cold-pressed extraction technologies have made citrus oils safer and of higher quality.
Market Dynamics:
The global citrus oil market is driven by rising demand from the food & beverage industry where citrus oils are used as natural flavoring and preservatives in beverages, dairy products, and confectionaries. Additionally, the expanding cosmetics sector backed by changing lifestyles and increasing health-consciousness among consumers is propelling the need for citrus oil infused personal care items. However, factors like price volatility of citrus fruits due to changing climatic conditions and stringent international quality standards pose significant challenges to market players. Nevertheless, emergence of citrus oils as a popular ingredient in natural healthcare products and household cleaners provides lucrative opportunities for market expansion.
Key features of the study:
This report provides in-depth analysis of the global citrus oil market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global citrus oil market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Young Living Essential Oils, Plant Therapy, Moksha Lifestyle Products Farotti Essenze, Mountain Rose Herbs, Symrise, Citrosuco, Firmenich SA, Biolandes, Citrus and Allied Essences Ltd., and Lebermuth, Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global citrus oil market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global citrus oil market
Market Segmentation
- Product Material Insights (Revenue, USD, 2019 - 2031)
- Orange
- Lemon
- Lime
- Grapefruit
- Others
- Application Insights (Revenue, USD, 2019 - 2031)
- Personal Care
- Food and Beverages
- Pharmaceuticals
- Aromatherapy
- Regional Insights (Revenue, USD, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Young Living Essential Oils
- Plant Therapy
- Moksha Lifestyle Products Farotti Essenze
- Mountain Rose Herbs
- Symrise
- Citrosuco
- Firmenich SA
- Biolandes
- Citrus and Allied Essences Ltd.
- Lebermuth, Inc.
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Material
- Market Snippet, By Application
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Key Developments
- Industry Trend
4. Global Citrus Oil Market - Impact of Coronavirus (COVID-19) Pandemic
- Overview
- Factors Affecting the Global Citrus Oil Market - COVID-19
- Impact Analysis
5. Global Citrus Oil Market, By Product Material, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Orange
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Lemon
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Lime
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Grapefruit
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Others
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
6. Global Citrus Oil Market, By Application, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Personal Care
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Food and Beverages
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Pharmaceuticals
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Aromatherapy
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
7. Global Citrus Oil Market, By Region, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Product Material, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
- Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Product Material, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Product Material, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Product Material, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Product Material, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country, 2019- 2031, (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Product Material, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Application, 2019- 2031, (USD Bn)
- Market Size and Forecast, By Country/Region, 2019- 2031, (USD Bn)
- South Africa
- North Africa
- Central Africa
8. Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- Young Living Essential Oils
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Plant Therapy
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Moksha Lifestyle Products Farotti Essenze
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Mountain Rose Herbs
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Symrise
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Citrosuco
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Firmenich SA
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Biolandes
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Citrus and Allied Essences Ltd.
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
- Lebermuth, Inc.
- Company Overview
- Product Type Portfolio
- Recent Developments/Updates
9. Analyst Recommendation
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. Section
- References
- Research Methodology
- About Us and Sales Contact