Report Code: CMI40064

Published Date: January 2024

Pages: 320+

Category: Food & Beverages

Report Snapshot

CAGR: 5.1%
8.3B
2022
8.70B
2023
16.2B
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Symrise AG
  • Citrus and Allied Essences Ltd.
  • Young Living Essential Oils
  • DoTERRA International LLC
  • Lionel Hitchen Essential Oils Ltd.
  • Others

Exclusive, in-depth market intelligence can help you increase your Revenue.

Download Sample Pdf

Reports Description

Global Citrus Oil Market 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 refers to essential oils extracted from the peels, leaves, flowers, and fruits of various citrus plants. These oils are known for their distinct and often refreshing aroma, as well as their potential therapeutic properties.

Common citrus fruits used to produce citrus oils include oranges, lemons, limes, grapefruits, and mandarins. The extraction process typically involves cold-pressing or steam distillation, which helps retain the volatile compounds responsible for the characteristic fragrance and potential health benefits. Citrus oils are widely used in aromatherapy, perfumery, and the food and beverage industry for flavouring.

Citrus Oil Market – Significant Growth Factors

Growing consumer preference for organic & natural formulation

The growing consumer preference for organic and natural formulations is a significant driver for the citrus oil market. As awareness of health and environmental concerns rises, consumers increasingly seek products that align with these values.

Citrus oils, derived from natural sources such as citrus fruits, perfectly fit this demand for natural and organic ingredients. Recognized for their fresh and vibrant profiles, citrus oils serve as key components in the formulation of organic products, including food, beverages, and personal care items.

The inherent association of citrus oils with purity and health further enhances their appeal. Manufacturers responding to this consumer trend by incorporating citrus oils into organic formulations capitalize on the market shift towards cleaner, more natural products, fostering the growth of the citrus oil market in response to evolving consumer preferences.

For instance, in March 2023, Takasago announced the launch of its new range of organic citrus oils. In February 2023, Citromax announced a $50 million investment to expand its citrus processing facilities in Brazil.

Expanding use in the food and beverage industry

Citrus oils are extensively used in the food and beverage industry for flavour enhancement. Their versatile and vibrant flavour profiles make them popular choices in the production of juices, confectionery, bakery products, and alcoholic beverages.

As global food preferences evolve, and consumers explore diverse and exotic flavours, the demand for citrus oils in the culinary sector is expected to grow, driving the overall market expansion.

With citrus essential oils labelled as safe for consumption by regulatory authorities, the food and beverages industry continues to incorporate these essential oils into multiple products, in line with the upward trend of “clean label.” Over 30 per cent of sales of citrus essential oils were accounted for by the food industry in 2018.

Additionally, there has been a notable rise in the use of citrus essential oils in cake frostings, chocolates, and confectionery, in recent years, with numerous companies launching multiple products that feature these oils as green ingredients.

Apart from their health benefits, citrus essential oils also impart taste and flavors to food products, a reason that has substantially augmented the popularity of citrus essential oils in the food industry.

Further, its antimicrobial and antifungal properties have opened up new avenues for citrus essential oils in the packaging industry, and as a natural preservative, thereby driving its sales in the F&B sector.

For instance, in April 2022, Treatt, a UK-based producer of natural ingredients, announced a partnership with Firmenich to develop natural citrus flavors and fragrances.

Citrus Oil Market – Restraints

Volatility of citrus fruit prices

The volatility of citrus fruit prices represents a notable restraint to the citrus oil market. Citrus oil production is closely tied to the availability and cost of raw citrus fruits. Fluctuations in weather conditions, such as frosts or droughts, can impact citrus yields, leading to variations in fruit prices.

Additionally, factors like market demand, supply chain disruptions, and geopolitical issues can contribute to price volatility. This uncertainty in citrus fruit prices directly affects the cost of production for citrus oils, making it challenging for manufacturers to predict and manage their expenses.

The volatility may also result in higher production costs, potentially leading to increased prices for citrus oils in the market. This unpredictability poses challenges for both producers and consumers, hindering long-term planning and stability in the citrus oil industry.

Global Citrus Oil Market 2023–2032 (By Distribution Channel)

www.custommarketinsight.com

Stringent rules for approval of Citrus Oil

Stringent rules for the approval of citrus oil often involve regulatory measures set by government authorities to ensure the safety, quality, and compliance of citrus oil products. These regulations are typically in place to protect consumer health, promote fair trade practices, and maintain product consistency. Some of the common aspects covered by stringent rules may include:

  • Quality Standards: Regulations may specify quality parameters such as purity, composition, and absence of contaminants to ensure that citrus oils meet certain standards and do not pose health risks.
  • Safety Guidelines: Stringent rules often address the safety of citrus oils, setting limits on substances that could be harmful to human health. This may include restrictions on pesticide residues, heavy metals, or other potentially hazardous components.
  • Labelling Requirements: Regulations may dictate clear and accurate labelling, including information on ingredients, origin, production methods, and potential allergens. This helps consumers make informed choices and promotes transparency in the marketplace.
  • Production Practices: Some regulations may focus on the methods of extraction, processing, and handling of citrus oils to ensure that they are produced under hygienic conditions and with minimal risk of contamination.

Citrus Oil Market – Opportunities

Rising aromatherapy trends contribute to revenue increase of citrus oil suppliers

The rising trends in aromatherapy have emerged as a significant driver for the revenue increase of citrus oil suppliers. As consumers increasingly prioritize holistic well-being, there is a growing demand for natural and therapeutic products.

Citrus oils, renowned for their invigorating and stress-relieving aromas, have become key players in the expanding aromatherapy market. The use of citrus oils in diffusers, massage oils, and other aromatherapeutic applications has surged, driven by their perceived mood-enhancing and relaxation-inducing properties.

This heightened interest in aromatherapy aligns with the broader wellness movement, spurring greater adoption of citrus oils. Consequently, suppliers catering to the aromatherapy segment experience increased demand, leading to revenue growth in the citrus oil market as they meet the needs of consumers seeking natural and fragrant solutions for emotional and mental well-being.

For instance, in January 2023, Givaudan announced the acquisition of a majority stake in Naturex, a French producer of natural ingredients, including citrus oils. In June 2022, Firmenich announced the acquisition of Flavorchem Corporation, a US-based producer of natural flavors and fragrances, including citrus oils.

Global Citrus Oil Market 2023–2032 (By Extraction Method)

www.custommarketinsight.com

Citrus Oil Market – Segmentation Analysis

The citrus oil market is segmented by source, extraction method, grade type, distribution channel, end-use industry and region.  Based on the source, the market is classified into oranges, tangerines, grapefruit, lemon, and others. Orange dominated the market in 2022 with a market share of 35% and is expected to keep its dominance during the forecast period 2024-2032.

Orange dominates the citrus oil market primarily due to its abundant and widely cultivated production. Oranges yield a substantial amount of essential oil through efficient extraction methods, making it a cost-effective source.

The citrus industry’s extensive infrastructure and economies of scale contribute to the dominance of orange-derived oils. Additionally, the versatile and appealing fragrance of orange oil finds extensive applications in aromatherapy, perfumery, and the food and beverage industry, further boosting its market demand.

The reliability of orange as a source, coupled with its diverse applications, solidifies its position as a leading contributor to the citrus oil market.

Based on extraction method, the market is classified into steam distillation, cold pressed and hydro-distillation. Steam distillation dominated the market in 2022 with a market share of 70% and is expected to keep its dominance during the forecast period 2024-2032.

Steam distillation dominates the citrus oil market due to its efficiency in extracting essential oils from citrus fruits. In this process, steam is passed through the plant material, rupturing oil glands and releasing aromatic compounds.

The steam carrying these volatile oils is then condensed back into liquid form, separating the essential oil. Steam distillation preserves the integrity of the citrus oil’s chemical composition and fragrance.

This method is preferred for its ability to yield high-quality, concentrated oils, meeting the industry’s demand for premium products in applications like aromatherapy, flavouring, and cosmetics, consequently establishing steam distillation as the primary extraction method in the citrus oil market.

Based on grade type, the market is classified into deteriorated oil and terpene oil. The deteriorated oil segment dominated the market in 2022 with a market share of 65% and is expected to keep its dominance during the forecast period 2024-2032.

Deterpenated citrus oil has become a dominant force in the citrus oil market due to its versatile applications and enhanced stability. Additionally, deteriorated citrus oils find extensive use in perfumery, cosmetics, and aromatherapy, contributing to their dominance.

The increased demand for stable and consistent citrus flavours across various industries has propelled deteriorated oils to a prominent position in the citrus oil market.

Based on the distribution channel, the market is segmented into offline and online. Offline sales channel held the largest share in 2022, driving the citrus oil market. Offline distribution channels dominate the citrus oil market due to the nature of essential oil sales.

Many consumers prefer experiencing the scent firsthand, making physical stores, such as health food stores, wellness center, and specialty shops, key points of purchase. The tactile aspect of sampling and smelling the products plays a crucial role in decision-making.

Additionally, personal assistance from knowledgeable staff in brick-and-mortar stores enhances customer trust. This hands-on approach fosters a direct connection between consumers and citrus oil products, making offline channels, including traditional retail outlets, the primary distribution choice in the citrus oil market.

Based on the end-use industry, the market is segmented into food & beverages, personal care & cosmetics, aromatherapy, pharmaceuticals, and others. Food & Beverage held the largest share in 2022, driving the citrus oil market.

Food and beverage industries dominate the citrus oil market due to the widespread use of citrus oils as natural flavourings agents. Citrus oils, extracted from fruits like oranges and lemons, impart vibrant and refreshing Flavors to a variety of products, including juices, confectionery, baked goods, and alcoholic beverages.

As consumers increasingly favour natural and authentic taste experiences, the demand for citrus oils in the food and beverage sector has surged. Their versatility and ability to enhance flavour profiles make citrus oils indispensable ingredients, contributing significantly to the market’s growth as they meet the evolving preferences of the culinary and beverage industries.

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.

Citrus Oil Market – Regional Insight

By region, citrus oil market is segmented into North America, Europe, Asia-Pacific and LAMEA. The Asia-Pacific dominated the global market in 2022 with a market share of 40% in 2022 and is expected to keep its dominance during the forecast period 2024-2032.

The Asia-Pacific region dominates the citrus oil market due to its rich cultivation of citrus fruits, including oranges, lemons, and mandarins. Countries like China and India are major contributors to citrus oil production.

The region’s favourable climate supports extensive citrus cultivation, ensuring a robust and consistent supply of raw materials for oil extraction. Additionally, the increasing demand for natural and aromatic products in Asia-Pacific, driven by cultural preferences and a growing focus on health and wellness, further boosts the prominence of citrus oils.

The combination of abundant citrus resources and rising consumer preferences positions the Asia-Pacific region as a key player in the global citrus oil market.

Global Citrus Oil Market 2023–2032 (By Billion)

www.custommarketinsight.com

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

These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.

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

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Citrus Oil Market, (2024 – 2033) (USD Billion)
    • 2.2 Global Citrus Oil Market: snapshot
  • Chapter 3. Global Citrus Oil Market – Industry Analysis
    • 3.1 Citrus Oil Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Growing consumer preference for organic & natural formulation
      • 3.2.2 Expanding use in the food and beverage industry
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Source
      • 3.7.2 Market Attractiveness Analysis By Extraction Method
      • 3.7.3 Market Attractiveness Analysis By Grade Type
      • 3.7.4 Market Attractiveness Analysis By Distribution Channel
      • 3.7.5 Market Attractiveness Analysis By End-Use Industry
  • Chapter 4. Global Citrus Oil Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Citrus Oil Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Citrus Oil Market – Source Analysis
    • 5.1 Global Citrus Oil Market Overview: By Source
      • 5.1.1 Global Citrus Oil Market Share, By Source, 2022 and – 2033
    • 5.2 Oranges
      • 5.2.1 Global Citrus Oil Market by Oranges, 2024 – 2033 (USD Billion)
    • 5.3 Tangerines
      • 5.3.1 Global Citrus Oil Market by Tangerines, 2024 – 2033 (USD Billion)
    • 5.4 Grapefruit
      • 5.4.1 Global Citrus Oil Market by Grapefruit, 2024 – 2033 (USD Billion)
    • 5.5 Lemon
      • 5.5.1 Global Citrus Oil Market by Lemon, 2024 – 2033 (USD Billion)
    • 5.6 Others
      • 5.6.1 Global Citrus Oil Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 6. Global Citrus Oil Market – Extraction Method Analysis
    • 6.1 Global Citrus Oil Market Overview: By Extraction Method
      • 6.1.1 Global Citrus Oil Market Share, By Extraction Method, 2022 and – 2033
    • 6.2 Steam Distillation
      • 6.2.1 Global Citrus Oil Market by Steam Distillation, 2024 – 2033 (USD Billion)
    • 6.3 Cold Pressed
      • 6.3.1 Global Citrus Oil Market by Cold Pressed, 2024 – 2033 (USD Billion)
    • 6.4 Hydro-Distillation
      • 6.4.1 Global Citrus Oil Market by Hydro-Distillation, 2024 – 2033 (USD Billion)
  • Chapter 7. Global Citrus Oil Market – Grade Type Analysis
    • 7.1 Global Citrus Oil Market Overview: By Grade Type
      • 7.1.1 Global Citrus Oil Market Share, By Grade Type, 2022 and – 2033
    • 7.2 Deterpenated Oil
      • 7.2.1 Global Citrus Oil Market by Deterpenated Oil, 2024 – 2033 (USD Billion)
    • 7.3 Terpene Oil
      • 7.3.1 Global Citrus Oil Market by Terpene Oil, 2024 – 2033 (USD Billion)
  • Chapter 8. Global Citrus Oil Market – Distribution Channel Analysis
    • 8.1 Global Citrus Oil Market Overview: By Distribution Channel
      • 8.1.1 Global Citrus Oil Market Share, By Distribution Channel, 2022 and – 2033
    • 8.2 Offline
      • 8.2.1 Global Citrus Oil Market by Offline, 2024 – 2033 (USD Billion)
    • 8.3 Online
      • 8.3.1 Global Citrus Oil Market by Online, 2024 – 2033 (USD Billion)
  • Chapter 9. Global Citrus Oil Market – End-Use Industry Analysis
    • 9.1 Global Citrus Oil Market Overview: By End-Use Industry
      • 9.1.1 Global Citrus Oil Market Share, By End-Use Industry, 2022 and – 2033
    • 9.2 Food & Beverages
      • 9.2.1 Global Citrus Oil Market by Food & Beverages, 2024 – 2033 (USD Billion)
    • 9.3 Personal Care & Cosmetics
      • 9.3.1 Global Citrus Oil Market by Personal Care & Cosmetics, 2024 – 2033 (USD Billion)
    • 9.4 Aromatherapy
      • 9.4.1 Global Citrus Oil Market by Aromatherapy, 2024 – 2033 (USD Billion)
    • 9.5 Pharmaceuticals
      • 9.5.1 Global Citrus Oil Market by Pharmaceuticals, 2024 – 2033 (USD Billion)
    • 9.6 Others
      • 9.6.1 Global Citrus Oil Market by Others, 2024 – 2033 (USD Billion)
  • Chapter 10. Citrus Oil’s Market – Regional Analysis
    • 10.1 Global Citrus Oil’s Market Regional Overview
    • 10.2 Global Citrus Oil’s Market Share, by Region, 2022 & – 2033 (USD Billion)
    • 10.3. North America
      • 10.3.1 North America Citrus Oil’s Market, 2024 – 2033 (USD Billion)
        • 10.3.1.1 North America Citrus Oil’s Market, by Country, 2024 – 2033 (USD Billion)
    • 10.4 North America Citrus Oil’s Market, by Source, 2024 – 2033
      • 10.4.1 North America Citrus Oil’s Market, by Source, 2024 – 2033 (USD Billion)
    • 10.5 North America Citrus Oil’s Market, by Extraction Method, 2024 – 2033
      • 10.5.1 North America Citrus Oil’s Market, by Extraction Method, 2024 – 2033 (USD Billion)
    • 10.6 North America Citrus Oil’s Market, by Grade Type, 2024 – 2033
      • 10.6.1 North America Citrus Oil’s Market, by Grade Type, 2024 – 2033 (USD Billion)
    • 10.7 North America Citrus Oil’s Market, by Distribution Channel, 2024 – 2033
      • 10.7.1 North America Citrus Oil’s Market, by Distribution Channel, 2024 – 2033 (USD Billion)
    • 10.8 North America Citrus Oil’s Market, by End-Use Industry, 2024 – 2033
      • 10.8.1 North America Citrus Oil’s Market, by End-Use Industry, 2024 – 2033 (USD Billion)
    • 10.9. Europe
      • 10.9.1 Europe Citrus Oil’s Market, 2024 – 2033 (USD Billion)
        • 10.9.1.1 Europe Citrus Oil’s Market, by Country, 2024 – 2033 (USD Billion)
    • 10.10 Europe Citrus Oil’s Market, by Source, 2024 – 2033
      • 10.10.1 Europe Citrus Oil’s Market, by Source, 2024 – 2033 (USD Billion)
    • 10.11 Europe Citrus Oil’s Market, by Extraction Method, 2024 – 2033
      • 10.11.1 Europe Citrus Oil’s Market, by Extraction Method, 2024 – 2033 (USD Billion)
    • 10.12 Europe Citrus Oil’s Market, by Grade Type, 2024 – 2033
      • 10.12.1 Europe Citrus Oil’s Market, by Grade Type, 2024 – 2033 (USD Billion)
    • 10.13 Europe Citrus Oil’s Market, by Distribution Channel, 2024 – 2033
      • 10.13.1 Europe Citrus Oil’s Market, by Distribution Channel, 2024 – 2033 (USD Billion)
    • 10.14 Europe Citrus Oil’s Market, by End-Use Industry, 2024 – 2033
      • 10.14.1 Europe Citrus Oil’s Market, by End-Use Industry, 2024 – 2033 (USD Billion)
    • 10.15. Asia Pacific
      • 10.15.1 Asia Pacific Citrus Oil’s Market, 2024 – 2033 (USD Billion)
        • 10.15.1.1 Asia Pacific Citrus Oil’s Market, by Country, 2024 – 2033 (USD Billion)
    • 10.16 Asia Pacific Citrus Oil’s Market, by Source, 2024 – 2033
      • 10.16.1 Asia Pacific Citrus Oil’s Market, by Source, 2024 – 2033 (USD Billion)
    • 10.17 Asia Pacific Citrus Oil’s Market, by Extraction Method, 2024 – 2033
      • 10.17.1 Asia Pacific Citrus Oil’s Market, by Extraction Method, 2024 – 2033 (USD Billion)
    • 10.18 Asia Pacific Citrus Oil’s Market, by Grade Type, 2024 – 2033
      • 10.18.1 Asia Pacific Citrus Oil’s Market, by Grade Type, 2024 – 2033 (USD Billion)
    • 10.19 Asia Pacific Citrus Oil’s Market, by Distribution Channel, 2024 – 2033
      • 10.19.1 Asia Pacific Citrus Oil’s Market, by Distribution Channel, 2024 – 2033 (USD Billion)
    • 10.20 Asia Pacific Citrus Oil’s Market, by End-Use Industry, 2024 – 2033
      • 10.20.1 Asia Pacific Citrus Oil’s Market, by End-Use Industry, 2024 – 2033 (USD Billion)
    • 10.21. Latin America
      • 10.21.1 Latin America Citrus Oil’s Market, 2024 – 2033 (USD Billion)
        • 10.21.1.1 Latin America Citrus Oil’s Market, by Country, 2024 – 2033 (USD Billion)
    • 10.22 Latin America Citrus Oil’s Market, by Source, 2024 – 2033
      • 10.22.1 Latin America Citrus Oil’s Market, by Source, 2024 – 2033 (USD Billion)
    • 10.23 Latin America Citrus Oil’s Market, by Extraction Method, 2024 – 2033
      • 10.23.1 Latin America Citrus Oil’s Market, by Extraction Method, 2024 – 2033 (USD Billion)
    • 10.24 Latin America Citrus Oil’s Market, by Grade Type, 2024 – 2033
      • 10.24.1 Latin America Citrus Oil’s Market, by Grade Type, 2024 – 2033 (USD Billion)
    • 10.25 Latin America Citrus Oil’s Market, by Distribution Channel, 2024 – 2033
      • 10.25.1 Latin America Citrus Oil’s Market, by Distribution Channel, 2024 – 2033 (USD Billion)
    • 10.26 Latin America Citrus Oil’s Market, by End-Use Industry, 2024 – 2033
      • 10.26.1 Latin America Citrus Oil’s Market, by End-Use Industry, 2024 – 2033 (USD Billion)
    • 10.27. The Middle-East and Africa
      • 10.27.1 The Middle-East and Africa Citrus Oil’s Market, 2024 – 2033 (USD Billion)
        • 10.27.1.1 The Middle-East and Africa Citrus Oil’s Market, by Country, 2024 – 2033 (USD Billion)
    • 10.28 The Middle-East and Africa Citrus Oil’s Market, by Source, 2024 – 2033
      • 10.28.1 The Middle-East and Africa Citrus Oil’s Market, by Source, 2024 – 2033 (USD Billion)
    • 10.29 The Middle-East and Africa Citrus Oil’s Market, by Extraction Method, 2024 – 2033
      • 10.29.1 The Middle-East and Africa Citrus Oil’s Market, by Extraction Method, 2024 – 2033 (USD Billion)
    • 10.30 The Middle-East and Africa Citrus Oil’s Market, by Grade Type, 2024 – 2033
      • 10.30.1 The Middle-East and Africa Citrus Oil’s Market, by Grade Type, 2024 – 2033 (USD Billion)
    • 10.31 The Middle-East and Africa Citrus Oil’s Market, by Distribution Channel, 2024 – 2033
      • 10.31.1 The Middle-East and Africa Citrus Oil’s Market, by Distribution Channel, 2024 – 2033 (USD Billion)
    • 10.32 The Middle-East and Africa Citrus Oil’s Market, by End-Use Industry, 2024 – 2033
      • 10.32.1 The Middle-East and Africa Citrus Oil’s Market, by End-Use Industry, 2024 – 2033 (USD Billion)
  • Chapter 11. Company Profiles
    • 11.1 Symrise AG
      • 11.1.1 Overview
      • 11.1.2 Financials
      • 11.1.3 Product Portfolio
      • 11.1.4 Business Strategy
      • 11.1.5 Recent Developments
    • 11.2 Citrus and Allied Essences Ltd.
      • 11.2.1 Overview
      • 11.2.2 Financials
      • 11.2.3 Product Portfolio
      • 11.2.4 Business Strategy
      • 11.2.5 Recent Developments
    • 11.3 Young Living Essential Oils
      • 11.3.1 Overview
      • 11.3.2 Financials
      • 11.3.3 Product Portfolio
      • 11.3.4 Business Strategy
      • 11.3.5 Recent Developments
    • 11.4 DoTERRA International LLC
      • 11.4.1 Overview
      • 11.4.2 Financials
      • 11.4.3 Product Portfolio
      • 11.4.4 Business Strategy
      • 11.4.5 Recent Developments
    • 11.5 Lionel Hitchen Essential Oils Ltd.
      • 11.5.1 Overview
      • 11.5.2 Financials
      • 11.5.3 Product Portfolio
      • 11.5.4 Business Strategy
      • 11.5.5 Recent Developments
    • 11.6 Citrosuco
      • 11.6.1 Overview
      • 11.6.2 Financials
      • 11.6.3 Product Portfolio
      • 11.6.4 Business Strategy
      • 11.6.5 Recent Developments
    • 11.7 Firmenich SA
      • 11.7.1 Overview
      • 11.7.2 Financials
      • 11.7.3 Product Portfolio
      • 11.7.4 Business Strategy
      • 11.7.5 Recent Developments
    • 11.8 Givaudan SA
      • 11.8.1 Overview
      • 11.8.2 Financials
      • 11.8.3 Product Portfolio
      • 11.8.4 Business Strategy
      • 11.8.5 Recent Developments
    • 11.9 Biolandes
      • 11.9.1 Overview
      • 11.9.2 Financials
      • 11.9.3 Product Portfolio
      • 11.9.4 Business Strategy
      • 11.9.5 Recent Developments
    • 11.10 Citromax S.A.C.I.
      • 11.10.1 Overview
      • 11.10.2 Financials
      • 11.10.3 Product Portfolio
      • 11.10.4 Business Strategy
      • 11.10.5 Recent Developments
    • 11.11 Citrus Oleo
      • 11.11.1 Overview
      • 11.11.2 Financials
      • 11.11.3 Product Portfolio
      • 11.11.4 Business Strategy
      • 11.11.5 Recent Developments
    • 11.12 Bontoux S.A.
      • 11.12.1 Overview
      • 11.12.2 Financials
      • 11.12.3 Product Portfolio
      • 11.12.4 Business Strategy
      • 11.12.5 Recent Developments
    • 11.14 International Flavors & Fragrances Inc. (IFF)
      • 11.14.1 Overview
      • 11.14.2 Financials
      • 11.14.3 Product Portfolio
      • 11.14.4 Business Strategy
      • 11.14.5 Recent Developments
    • 11.15 Mountain Rose Herbs
      • 11.15.1 Overview
      • 11.15.2 Financials
      • 11.15.3 Product Portfolio
      • 11.15.4 Business Strategy
      • 11.15.5 Recent Developments
    • 11.16 Citrus India
      • 11.16.1 Overview
      • 11.16.2 Financials
      • 11.16.3 Product Portfolio
      • 11.16.4 Business Strategy
      • 11.16.5 Recent Developments
    • 11.17 Ventós S.A.
      • 11.17.1 Overview
      • 11.17.2 Financials
      • 11.17.3 Product Portfolio
      • 11.17.4 Business Strategy
      • 11.17.5 Recent Developments
    • 11.18 Bontoux Inc.
      • 11.18.1 Overview
      • 11.18.2 Financials
      • 11.18.3 Product Portfolio
      • 11.18.4 Business Strategy
      • 11.18.5 Recent Developments
    • 11.19 Lionel Hitchen (Essential Oils) Ltd.
      • 11.19.1 Overview
      • 11.19.2 Financials
      • 11.19.3 Product Portfolio
      • 11.19.4 Business Strategy
      • 11.19.5 Recent Developments
    • 11.20 McCormick & Company Inc.
      • 11.20.1 Overview
      • 11.20.2 Financials
      • 11.20.3 Product Portfolio
      • 11.20.4 Business Strategy
      • 11.20.5 Recent Developments
    • 11.21 Others.
      • 11.21.1 Overview
      • 11.21.2 Financials
      • 11.21.3 Product Portfolio
      • 11.21.4 Business Strategy
      • 11.21.5 Recent Developments
List Of Figures

Figures No 1 to 37

List Of Tables

Tables No 1 to 127

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2032

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2032
  • Market revenue estimates and forecasts up to 2032, by technology
  • Market revenue estimates and forecasts up to 2032, by application
  • Market revenue estimates and forecasts up to 2032, by type
  • Market revenue estimates and forecasts up to 2032, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • 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

FAQs

Restraints for the citrus oil market include susceptibility to weather conditions affecting citrus crops, price volatility, and regulatory challenges.

The major driver for the citrus oil market is the increasing demand for natural and healthy products. Citrus oils, derived from fruits like oranges and lemons, are valued for their natural flavour, fragrance, and potential health benefits. Consumer preferences for natural ingredients in food, beverages, and personal care drive the market’s growth.

The “Deterpenated Oil” category dominated the market in 2022.

The key players in the market are 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.

“Asia-Pacific” had the largest share in the Citrus Oil Market.

The global market is projected to grow at a CAGR of 5.1% during the forecast period, 2023-2032.

The Citrus Oil Market size was valued at USD 8.70 Billion in 2023.

PURCHASE OPTIONS

$

3990


$

4990


$

5990


$

2290


$

2390

What You Get :

  • PDF Report Format.
  • Can be accessible by 1 single user.
  • Free 25% or 40 hours of customisation.
  • Free post-sale service assistance.
  • 15% discount on your next purchase.
  • Dedicated account Associate .
  • Permission to print the report.
  • Service guarantee available.
  • PDF and Excel Datasheet Formats.
  • Can be accessible upto 2 to 5 users.
  • Free 35% or 60 hours of customisation.
  • Free post-sale service assistance.
  • 25% discount on your next purchase.
  • Service guarantee available.
  • Personalised market brief by author.
  • Permission to print the report.
  • Report in your Language.
  • PDF, Excel and Power Point.
  • Can be accessible by unlimited users.
  • Free 40% or 80 hours of customisation.
  • Free post-sale service assistance.
  • 30% discount on your next purchase.
  • Permission to print the report.
  • Dedicated account manager.
  • Service guarantee available.
  • Report in your Language.
  • Excel Datasheet Format.
  • Customized access as per user request.
  • Upgradable to other licenses.
  • 15% discount on your next purchase.
  • Free 20% or 10 hours of customisation.
  • In-Depth Company Profiles.
  • SWOT Analysis.
  • Identify your Competitors.
  • Recent Development Analysis.
  • Competitor Pricing Strategies.
  • Competitor Marketing Strategies.
  • Competitor Positioning and Messaging.
  • Competitor Product’s Strengths.
  • Free 20% or 10 Hours of Customisation.
  • 15% Discount on your Next Purchase.
  • Upgradable to other licenses.
  • PDF Format.
  • Permission to Print the Report.

Want to customize this report?
100% FREE CUSTOMIZATION!