Global Market Study on Citrus Oils: Food & Beverages Application Segment Anticipated to Increase 1.6X in Terms of Value Between 2016 and 2026


  • Published On : Jan-2017 |
  • Pages : 174 Pages |
  • Format :

Persistence Market Research offers a 10-year forecast of the global citrus oils market between 2016 and 2026 through its recently published report titled “Citrus Oils Market: Global Industry Analysis and Forecast, 2016–2026.” The primary objective of the report is to offer insights on the advancements in the global citrus oils market. The study demonstrates market dynamics that are expected to influence the current environment and future status of the global citrus oils market over the forecast period. The other objectives of this report are to provide updates on trends, drivers, restraints, value forecasts, and opportunities for manufacturers operating in the global citrus oils market. This report discusses the overall competitive landscape of the citrus oils market. Currently, the industry is highly fragmented due to its heavily localized nature and lack of major global-level firms. This scenario is expected to change, owing to the increasing consolidation across the supply chain and emergence of several new manufacturing techniques. Various barriers in the industry are analyzed and rated on the basis of their impact on the competition levels in the market.

The report analyzes the market share of the global citrus oils market on the basis of its various segments. A section of the report highlights region-wise citrus oil demand. It provides a market outlook for the projected period and sets the forecast within the context of the citrus oil ecosystem, including new technological developments as well as product offerings in the global citrus oils market. This study discusses key regional trends contributing to the growth of the citrus oils market globally, as well as analyzes the degree to which drivers are influencing the market in each region. Key regions assessed in this report include North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and the Middle East & Africa.

Report structure

The report begins with a market overview which includes definition, types and applications of citrus oil. The next section includes market taxonomy, demand side and supply side drivers, restraints, opportunities and trends. This report has exclusive information about the major and upcoming techniques used for oil extraction. Through a unique research methodology, Persistence Market Research provides the details about plant parts that are used for oil extraction. This report also consists of historical demand trends, citrus oils growth rate, the financial performance of top market companies, macro-economic indicators such as GDP and population data, raw material production trends, raw material trade, the influence of increasing disposable income and raw material price trend.

In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. Key categories of providers covered in the report are citrus oil suppliers and manufacturers. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the global citrus oils market. 

Market segmentation

  • By Oil Type
    • Orange Oil
    • Bergamot Oil
    • Lemon Oil
    • Lime Oil
    • Mandarin Oil
    • Grapefruit Oil
  • By Application
    • Food & Beverages
    • Cosmetics and Personal Care Products
    • Home Care Products
    • Therapeutic Massage Oils
    • Other Industrial Applications
  • By Region
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • The Middle East & Africa

Research methodology incorporates data validation and collection

Market value and volume estimates are one of the important aspects of this report. Inputs from government databases, trade, value and volume (Import and Export) outfits, and inputs from regional manufacturers, secondary and primary sources and information obtained using the benchmarking method have been covered in this report. While giving information about data validation, regional average profitability margins have been excluded from the estimated data collected from distributors. An approximate annual consumption of end-use sectors in target geographies has been estimated while drafting this report. 

In addition, it is imperative to note that in an ever-fluctuating global economy, the report not only conducts forecasts in terms of CAGR but also analyzes the market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities. Also, another key feature of this report is the analysis of all key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global citrus oils market.

Therapeutic massage oils segment is anticipated to remain the leading application segment during the forecast period

By 2016 end, the therapeutic massage oils segment was estimated to be valued at more than US$ 700 Mn and is expected to expand at a CAGR of 5.0% over the forecast period, to be valued at more than US$ 1,000 Mn by the end of 2026. The segment is estimated to create absolute $ opportunity of more than US$ 20 Mn in 2016 over 2015 and incremental $ opportunity in excess of US$ 400 Mn between 2016 and 2026. The therapeutic massage oils segment is expected to retain its dominance in the global citrus oils market followed by the cosmetics and personal care segments. In terms of value, the CAGR of the therapeutic massage oils segment is the highest among all the application segments of the global citrus oils market.

Increasing prominence of aromatherapy is expected to increase the growth of the therapeutic massage oils segment

Aromatherapy is the use of aromatic substances for relaxation, rejuvenation, and in the treatment of certain minor physical conditions. Practitioners of this method consider that the aroma of natural, organic, and therapeutic oils can have several beneficial effects on the body.

Citrus oils can be used in various ways such as in massage, bathing, shower, inhalation, perfume, and others. The globally increasing demand for therapeutic and aromatic oils is a result of the growing preference for convenient, harmless, and natural alternatives to traditional allopathic solutions. The increasing demand for therapeutic oils is also a result of the urban and sophisticated image these products carry and the historical use of therapeutic oils in several eastern countries. These products are particularly popular among women consumers in urban areas, which is creating robust development in the therapeutic massage oils segment.

Unlike the food and beverages sector, which uses very low quantities of citrus oils, essential oils contain relatively large amounts of citrus oil. Growing consumer interest in aromatherapy directly contributes to the revenue increase in the therapeutic massage oils segment and is therefore an important driver for the growth of the global citrus oils market. The other factor is that essential oils are priced much higher than all other products in which citrus oils are included as an ingredient. This higher price is responsible for collecting huge revenues for the global citrus oils market.

citrus oils market

Unfavorable climatic conditions is expected to reduce the production of therapeutic massage oils in MEA

Increasing consumer preference for natural products to treat common health conditions is leading to increasing revenues for citrus essential oils in North America. Demand is particularly high for massage oils due to an increase in the number of spas and rejuvenation centers in the U.S. In 2015, the segment was valued at more than US$ 200 Mn and is expected to expand at a CAGR of 5.1% over the forecast period to reach a value in excess of US$ 400 Mn by the end of 2026 in North America. In Europe, the segment was valued at more than US$ 200 Mn in 2015 and is expected to expand at a CAGR of 5.0% over the forecast period to reach close to US$ 500 Mn by the end of 2026. Increasing mergers and acquisitions among several Europe based companies is the main reason contributing to the growth of the therapeutic massage oils segment in Europe. In 2015, the segment was valued at more than US$ 90 Mn in the Asia Pacific region and is expected to expand at a CAGR of 5.1% over the forecast period to reach more than US$ 100 Mn by the end of 2026. This segment is estimated to record absolute $ opportunity of more than US$ 1 Mn in 2016 over 2015, and incremental opportunity close to US$ 25 Mn in the next ten years. In MEA however, the production of therapeutic oils is low due to unfavorable climatic conditions and relatively less arable land, which leads to a high reliance on imports.   

Company Profiles

  • Symrise AG
  • Lionel Hitchen (Essential Oils) Ltd
  • Bontoux S.A.S.
  • Citrus and Allied Essences Ltd.
  • Young Living Essential Oils LC
  • Citrus Oleo 
  • Mountain Rose Herbs, Inc.
  • doTERRA International, LLC
  • Citrosuco Paulista SA
  • Citromax S.A.C.I.
  • Others
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