Citrus Oil Market, By Product Material, By Application, By Geography

Description

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.

Product Code: CMI2215

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)
  - U.S.
  - Canada
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