Global Citrus Oil Market By Oil Type (Orange Oil, Bergamot Oil, Lemon Oil, Lime Oil, Mandarin Oil, Grapefruit Oil), Application (Food & Beverage, Cosmetics and Personal Care Products, Home Care Products, Therapeutic Massage Oil, Other), Extraction Method (Steam Distilled, Cold Pressed, Hydro Distillation), Fold Type (2-4 Folded, 5-7 Folded, 8-10 Folded, Above 10 Folded), Grade (Deterpenated Oil, Terpene Oil), Sales Channel (Direct Sales, Modern Trade, Specialty Stores, Mono Brand Store, Online Retailer, Other), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Market Analysis: Global Citrus Oil Market

Global citrus oil market is set to witness a substantial CAGR of 5.7% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing demand for natural products and increasing application of citrus oil is the factor for the market growth.

Market Definition: Global Citrus Oil Market

Citrus Oil is oil which is extracted from the citrus fruits. They are widely used in perfumery and to flavor soft drinks or sweets. They are also used to clean metal surfaces, clothes, and kitchen utensils. They also have the ability to get combined with other essential oils to make them extremely popular with herbal remedies and aromatherapy. Some of the common types of the citrus oil are lemon oil, mandarin oil, lime oil, bergamot oil, and grapefruit oil. This oil is widely used in application such as personal care and products, home care, food & beverage, therapeutic massage, among others.

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Market Drivers:

Rising demand for plant- based extracts will enhance the market growth
Easy availability of the product in the market is another factor boosting the market growth
Increasing demand for natural  medicines among population will also acts as a market driver
Increasing awareness about the health benefits of citrus oil will drive the growth of this market

Market Restraints:

Availability of substitute in the market will hamper the market growth
Growing demand for other essential oil is restricting the growth of this market

Segmentation: Global Citrus Oil Market

By Oil Type

Orange Oil
Bergamot Oil
Lemon Oil
Lime Oil
Mandarin Oil
Grapefruit Oil

By Application

Food & Beverage
Cosmetics and Personal Care Products
Home Care Products
Therapeutic Massage Oil
Other

By Extraction Method

Steam Distilled
Cold Pressed
Hydro Distillation

By Fold Type

2-4 Folded
5-7 Folded
8-10 Folded
Above 10 Folded

By Grade

Deterpenated Oil
Terpene Oil

By Sales Channel

Direct Sales
Modern Trade
Specialty Stores
Mono Brand Store
Online Retailer
Other

By Geography

North America
U.S.
Canada
Mexico
Europe
Germany
Sweden
Poland
Denmark
Italy
U.K.
France
Spain
Netherlands
Belgium
Switzerland
Turkey
Russia
Rest of Europe
Asia-Pacific
Japan
China
India
South Korea
New Zealand
Vietnam
Australia
Singapore
Malaysia
Thailand
Indonesia
Philippines
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
UAE
Saudi Arabia
Oman
Qatar
Kuwait
South Africa
Rest of Middle East and Africa

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Key Developments in the Market:

In September 2019, BASF SE announced their acquisition of Isobionics and also partnered with Conagen. This will help the company to expand their business in the natural aroma market. Through integrating their R&D innovation and wide market exposure with Isobionics and Conagen’s know-how and experience, they aim to develop biotech-based aroma ingredients. This acquisition will strengthen their position in the market and enhance their product offering
In January 2019, Archer Daniels Midland Company announced the acquisition of Florida Chemical Company. This acquisition will help the company to strengthen them in the citrus flavors market. With this new addition, the company will be also able to enhance their product offering and will provide better products and solutions to their customer.

Competitive Analysis:

Global citrus oil market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of citrus oil market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global citrus oil market are Symrise; Lionel Hitchen Limited; Citrus and Allied Essences Ltd.; MOUNTAIN ROSE HERBS; dōTERRA; Citrosuco.; citromax.com; LemonConcentrate S.L.; Ultra International B.V.; Kush Aroma Exports; Venkatramna Industries; K. K. Enterprise; Astrra Chemicals.; Cedarome; Lionel Hitchen Limited; Kanta Enterprises Private Limited.; Vaibhav Perfumery; SIMONE GATTO.; Ingrilli Citrus Inc.; among others.

Research Methodology: Global Citrus Oil Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

Competitive analysis of key competitors involved in the market
Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
Market drivers and restraints analysis along with the analysis of the market structure