Citrus Oil Market, By Product Material (Orange, Lemon, Lime, Grapefruit, and Others), By Application (Personal Care, Food and Beverages, Pharmaceuticals, and Aromatherapy), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Oct 2024

Code : CMI2215

Pages :120

Formats :

Excel and PDF

Industry : Food and Beverages

Key Takeaways from Analyst

The global citrus oil market continues to remain positive over the forecast period. The market is projected to be driven by the wide applications of citrus oil across various industries such as food & beverages, cosmetics & personal care, and aromatherapy. Citrus oils like orange and lemon are highly consumed in food & beverage products for flavoring purposes. Rising health-consciousness among individuals is fueling the demand for citrus oil in aromatherapy and stress-relieving applications. However, fluctuations in citrus fruit production and availability of substitutes may pose a threat to market growth.

The Asia Pacific region dominated the global citrus oil market share in 2022 and is expected to witness the fastest growth during the forecast period. Countries like China, India, Japan, and Brazil are among the leading producers and consumers of citrus fruits. Increasing disposable income, rising living standards, and growing middle-class population are some factors propelling market demand in the region.