Global Citrus Oil Market size was valued at USD 8.70 Billion in 2022 and is expected to reach USD 16.2 Billion by 2032, at a CAGR of 5.1% during the forecast period 2023 – 2032.
Citrus Oil Market – Overview
Citrus oil refers to essential oils extracted from the peels, leaves, flowers, and fruits of citrus plants, such as oranges, lemons, limes, grapefruits, and mandarins. These oils are known for their distinct aroma and are used in various industries, including food and beverages, cosmetics, and aromatherapy.
Trending factors in the citrus oil market include the rising demand for natural and organic products, driven by health-conscious consumers. The popularity of aromatherapy and natural fragrances has boosted the use of citrus oils in personal care and wellness products.
Additionally, their versatile flavor profiles contribute to the increasing demand in the food and beverage industry. Growing awareness of the potential health benefits associated with citrus oils, such as antioxidants and antimicrobial properties, further propels market growth.
The market is also influenced by changing consumer preferences, favoring exotic and unique flavors in various consumer goods. For instance, Givaudan and Manus Bio have partnered on the launch of BioNootkatone, a sustainable, natural, clean-label citrus flavor ingredient that is intended to be used in a variety of food and beverages.
BioNootkatone is the result of Givaudan’s analytical, flavor and processing abilities combined with the application of Manus Bio’s BioAssemblyLine Cell Factory engineering platform.
By source, the orange segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period 2024-2032. Oranges dominate the citrus oil market due to their versatile applications, large-scale production, and high oil yield.
Orange oil, extracted from the peels, is widely used in the food and beverage industry for flavoring, contributing to its significant market share. Its refreshing and sweet aroma also makes it a popular choice in aromatherapy and fragrance formulations.
Moreover, the global popularity of orange-based products, including juices and essential oils, has propelled oranges to the forefront of the citrus oil market. The fruit’s abundant availability and economic viability further solidify oranges as a dominant and influential player in the industry.
By extraction method, the steam distillation segment held the highest market share in 2022. Modern trends in steam distillation have positively impacted the citrus oil market. Continuous innovation and advanced distillation technologies enhance the efficiency and quality of citrus oil extraction.
Precise temperature control, reduced processing times, and optimized equipment contribute to higher yields of superior-quality oils. This increased efficiency aligns with the growing demand for natural and pure citrus oils in various industries, including aromatherapy, food, and cosmetics.
The adoption of sustainable practices in steam distillation further appeals to environmentally conscious consumers, fostering the citrus oil market’s growth by meeting both quality and sustainability expectations.
By grade type, the deteriorated oil segment held the highest market share in 2022. Deterpenated citrus oil, characterized by reduced terpene content, is witnessing a growing demand driven by several market trends.
The cosmetic and fragrance industries increasingly prefer deteriorated oils for their enhanced stability and reduced phototoxicity, meeting stringent regulatory standards.
Moreover, in applications like flavourings and fragrances, deteriorated citrus oil offers a milder aroma profile, contributing to the rising trend of nuanced and sophisticated scents in consumer products.
As the market gravitates toward safer and more versatile ingredients, the demand for deteriorated citrus oil is on the rise, influencing the overall growth of the citrus oil market.
By distribution channel, the offline segment dominated the citrus oil market. Offline distribution channels play a crucial role in driving the citrus oil market, with notable trends including the expansion of specialty stores, health and wellness retailers, and farmer’s markets.
Consumers seeking citrus oils for aromatherapy and culinary uses often prefer hands-on experiences and personalized guidance, fostering the importance of physical retail spaces. The rising trend of in-store experiences and the ability to sample products enhances customer engagement, contributing to the overall growth of the citrus oil market through offline channels.
Additionally, the presence of knowledgeable staff in these outlets further educates consumers on the diverse applications and benefits of citrus oils.
By end-use industry, the food & beverage segment dominated the citrus oil market. In the food & beverage industry, the citrus oil market is bolstered by current trends favoring natural and exotic flavors. Consumers increasingly seek clean-label and health-conscious products, driving the demand for natural flavor enhancers like citrus oils.
The trend towards unique and diverse culinary experiences has propelled the use of citrus oils in beverages, confectionery, and savoury dishes. As the industry embraces innovation and premiumization, citrus oils, with their vibrant and refreshing profiles, play a pivotal role in meeting consumer preferences for authentic, natural, and sophisticated flavor profiles, contributing to their sustained growth in the food & beverage sector.
Asia-Pacific held the highest market share in the citrus oil market in 2022 and is expected to keep its dominance during the forecast period 2024-2032. In the Asia-Pacific region, a notable trend driving the citrus oil market is the growing popularity of natural and traditional remedies.
Consumers are increasingly embracing the use of citrus oils in traditional medicine, aromatherapy, and wellness practices. The cultural significance of natural ingredients, coupled with a rising awareness of health and holistic lifestyles, has led to an upsurge in demand for citrus oils in countries like China, India, and Southeast Asian nations.
This trend reflects a shift towards incorporating natural solutions, contributing to the expansion of the citrus oil market in the dynamic and health-conscious Asia-Pacific region.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 8.70 Billion |
| Projected Market Size in 2032 | USD 16.2 Billion |
| Market Size in 2022 | USD 8.3 Billion |
| CAGR Growth Rate | 5.1% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Source, Extraction Method, Grade Type, Distribution Channel, End-Use Industry and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Custom Market Insights has comprehensively analyzed citrus oil market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict depth scenarios of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this citrus oil industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the Citrus Oil Market:
- Symrise AG
- Citrus and Allied Essences Ltd.
- Young Living Essential Oils
- DoTERRA International LLC
- Lionel Hitchen Essential Oils Ltd.
- Citrosuco
- Firmenich SA
- Givaudan SA
- Biolandes
- Citromax S.A.C.I.
- Citrus Oleo
- Bontoux S.A.
- Citrus and Allied Essences Ltd.
- International Flavors & Fragrances Inc. (IFF)
- Mountain Rose Herbs
- Citrus India
- Ventós, S.A.
- Bontoux Inc.
- Lionel Hitchen (Essential Oils) Ltd.
- McCormick & Company Inc.
- Others
The Citrus Oil Market is segmented as follows:
By Source
- Oranges
- Tangerines
- Grapefruit
- Lemon
- Others
By Extraction Method
- Steam Distillation
- Cold Pressed
- Hydro-Distillation
By Grade Type
- Deterpenated Oil
- Terpene Oil
By Distribution Channel
- Offline
- Online
By End-Use Industry
- Food & Beverages
- Personal Care & Cosmetics
- Aromatherapy
- Pharmaceuticals
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America