Global Citrus Oil Market Is Expected To Represent a Value of Over US$ 8,600 Mn By 2022

Posted on 2018-05-09 by Mark Hub in Food & Beverage // 0 Comments

ROCKVILLE, US, 2018-May-09 — /EPR Network/ — A freshly compiled business intelligent report, titled “Citrus Oil Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2022” has been publicized to the vast archive of Fact.MR online repository. This _ page study delivers all the vital details and information required to know about “Citrus Oil” market current as well as future prospects. The analysts of the study have gone through extensive research methodologies in order to generate data and information that reflects the latest market undercurrents and industry trends. For a deeper understanding of the market, a sub-category level analysis has been elaborated, by which readers and investors of the report will able to know that where the market stands to gain.

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Citrus oil continues to witness significant demand in the food and beverages industry attributed to various health benefits. Growing demand for artificial drink concentrates is expected to contribute toward growth of the global citrus oil market positively. Manufacturers prefer blending citrus oil in range of food and beverage products in order to enhance the flavor. Bound to such factors, demand for citrus oil in the food and beverage industry is likely to remain high globally.

According to a recently published report, the global citrus oil market is expected to represent a value of over US$ 8,600 Mn by the end of 2022.

Orange Oil to Represent a Leading Segment

With growing need for citrus oil in the food and beverages, and aroma industry, manufacturers witness increasing demand for orange oil. Orange oil is expected to witness the highest revenue growth, accounting for a value of over US$ 1,200 Mn by the end of 2022. Orange oil as compared to other products is expected to register the highest CAGR in the global market throughout 2022.

Distillation as compared to other extraction methods is expected to generate significant revenues, recording a value of over US$ 700 Mn by the end of 2017. The distillation segment is expected to register the highest CAGR in the global citrus oil market throughout 2022.

Food and Beverage industry in terms of end users is expected to witness the highest revenue growth, representing a value of over US$ 700 Mn by the end of 2022. The personal care and cosmetic as compared to other end users is expected to register the highest CAGR in the global market throughout 2022.

Sales of citrus oil through specialty stores is expected to generate significant revenues, accounting for a value of over US$ 700 Mn by the end of 2017. Modern trade as compared to other sales channel is expected to register the highest CAGR in the global market throughout 2022.

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Significant Demand for Aromatherapy

As aromatherapy is emerging as the most preferred treatment of depression, demand for relaxing and refreshing fragrances, massage oil, and bath additives has revved up significantly. Increasing demand for refreshing, and uplifting aroma among customers has led manufacturers to use citrus oil in range of aromatherapy products. Bound to these factors, demand for citrus oil is likely to rev up during the forecast period in the global market.

Competition Tracking

Leading players operating in the global citrus oil market include Biolandes Sa, Citrus and Allied Essences Ltd., Symrise AG, Young Living Essentials Oils LC, Givaudan SA, International Flavors & Fragrances Inc., DoTERRA International LLC, The Lebermuth Co., Inc., Citrosuco Gmbh, and Farotti Srl.

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