Orange Oil Market Analysis, Trends, Opportunities & Revenue Growth Examined during the Period between 2017-2022

Posted on 2019-04-30 by Mark Hub in Food & Beverage // 0 Comments

Fact.MR

In its recent report, Fact.MR offers a comprehensive perspective on the global orange oil market across few targeted regions. Shifting consumer focus towards natural, flexible, and sophisticated products, coupled with the increasing urgency to develop healthier natural oil products is likely to influence the demand for orange oil in the near future. The report focuses on the provision of indepth research and detailed insights about global orange oil market for the forecast period 2017 to 2022.

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Orange oil is an essential oil that is extracted from citrus sinensis fruit (orange fruit) rind. Unlike many other essential oils, orange oil is a by-product, which is produced through centrifugation of orange juice. It usually has 90% or above d-limonene content and is considered as suitable alternative for pure d-limonene. Today, products with herbal or natural ingredients are having an upper hand over products that are prepared using synthetic materials. Consumers invariably incline towards products that do not carry any risk of side-effects. Orang oil are natural and usually do not cause any adverse reaction, which makes it a suitable ingredient for cosmetic, wellness, and food products. Many of the premium wellness products are prepared using pure orange oil. Moreover, the product is used in aromatic therapies as well as for food flavoring. There are some theories, suggesting that orange oil fragrance has antispasmodic, antidepressant and carminative properties. Rising standard of living and increasing disposable income is expected make a positive impact on the global sales of orange oil over the next couple of years. Nonetheless, orange oil being expensive is often tagged as a luxury product. Fact.MR projects that the global orange oil market will increase at a compound annual growth rate of 4.0% during the forecast period (2017-2022).

The orange oil market in Europe is expected to register a notable growth over the forecast period. This is mainly owing to existence of a large pool of consumers who are willing to spend on premium beauty products, natural cosmetics and fragrances. In terms of revenue, the region is estimated to account for more than one-third share of the global market by the end of 2017.

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Based on product type, demand for bitter orange oil is expected remain relatively higher as compared to the variants. Bitter orange oil is extracted using cold-pressing process and is used for preparing lotions that can help in treating various skin conditions. Meanwhile, global sales of sweet orange oil is estimated to account for around for 23% revenue share of the market by 2017-end.

Between natural and organic orange oil, preference for the former is significantly high and the trend is likely to continue throughout the assessment period. Increasing application of orange oil in aromatherapy, therapeutics, cleaning & home, food & beverages, fragrances and toiletries manufacturing is reflecting favorably on its global market.

Competition Tracking

Some of the leading players operating in the global orang oil market include Symrise AG, Bontoux S.A.S., Lionel Hitchen (Essential Oils) Ltd, Young Living Essential Oils LC, Citrus Oleo Citrus and Allied Essences Ltd., doTERRA International, LLC, Mountain Rose Herbs, Inc., Citromax S.A.C.I., Citrosuco Paulista SA, Ultra International B.V., Plant Therapy Essential Oils, Aksuvital, Biolandes and Aromaaz International.

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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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