Global Citrus Oils
Market
Share, Global Trends,
Analysis, Research, Report,
Opportunities,
Segmentation and Forecast,
2016
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Report
Description
Report Description
The Essential oil manufacturing industry develops and produces concentrated
hydrophobic liquids that contain aroma compounds from plants. An oil is "essential" in
the sense that it carries a distinctive scent or essence of the plant. Essential oils can be of
different types such as citrus oils, floral oils, herbaceous oils, camphoraceous oils, spicy
oils, resinous oils, woody oils, and earthy oils. Among all these types of essential oils,
citrus oils are most widely used and accounts for highest consumption in terms of
volume.
Citrus Oils Market Segmentation
Citrus oils enjoys a major share in essential oils owing to its wide usage as industrial
solvents, fragrance for cleaning products, flavoring agents, aroma and therapeutic
properties. Food industry is the dominant segment where citrus oils are widely used,
followed by usage in spa and massage parlors.
Citrus oils can be segmented on the basis of type which includes orange oil, bergamot oil,
lemon oil, lime oil, mandarin oil and grapefruit oil. Among all these types, orange oil is
readily available and the most inexpensive of all essential oils. Due to its aromatic and
blending properties, and wide usage as commercial cleaners, orange oil market is
expected to grow quickly in the forecast period.
Citrus oils can also be segmented on the basis of application. The citrus oils finds its
application in food industry, cosmetics and fragrances preparation and as therapeutic
massage oils.
Report
Description
Report Description
Food industry is the leading segment in terms of usage of citrus oils as solvents due to its
antibacterial and antiseptic properties and are also recognized as GRAS (Generally
recognized as safe). Citrus oils such as grapefruit oils and lemon oils are intensively used
for massages and skin treatment, owing to their antiseptic, antibacterial and immune
stimulating properties.
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Geographically, Europe is expected to be the largest market in terms of value for citrus
oils, owing to increasing consumer sophistication, demand for natural cosmetics,
fragrance, beauty products and medicines. Among the countries, Germany is expected to
remain major markets in terms of consumptions for citrus oils followed by U.K. North
America is expected to be the second largest market for the citrus oils in terms of
consumption, being a developed nations the consumers are more sophisticated
compared to consumers in other parts of the world. U.S. is expected to drive the growth
and also regarded as major importers of citrus oils. Asia Pacific is expected to grow
rapidly and expected to be the fastest growing region for citrus oils owning increasing in
demand of citrus oils in food industry across the region followed by the demand from the
growing number spas and massage parlors and less regulative conditions.
Report
Description
Report Description
Citrus Oils Market Drivers
With the increasing demand of natural products, the consumers are inclined towards
using natural fragrance as compared to artificial one, clubbed with the changing life style
focused more towards relaxation and leisure in the developing region with simultaneous
increase in number of spa and massage centers is expected to drive the usage of citrus
oils.
Wide acceptability and availability of different types of citrus oils is also expected to
contribute in the growth of citrus oils market. Rising application of citrus oils and growing
consumer awareness regarding benefits of these oils is expected to spur their demand in
the developing and developed regions.
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Citrus Oils Market: Key Players
Citrus oils market remain concentrated between the few major players resulting in
entry barriers for new participants. On the other hand increasing concerns due resource
depletion are expected to remain a key challenge for the major players. Oil production
requires high capital investment with advanced equipment, leading to the domination
of numerous multinational corporations in the industry.
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