Citrus oils are derived from peels, twigs, flowers, lime, lemons, and grapefruits. Citrus oil is widely used across end-use industries such as food and beverage, home care products, therapeutic massage oils, cosmetics, and personal care products, and, other industrial applications. Citrus oils claim to eliminate the germs and fight against pathogens. Moreover, citrus oil is also used in the household cleaning products as it has antibacterial actions. Furthermore, citrus oil is beneficial in boosting the immune system and is also considered as an excellent air freshener that can be used in room or body spray.
The global citrus oils market was estimated to account for US$ 2.9 billion in terms of revenue in 2018 and is predicted to grow at a CAGR of 5.2% during the forecast period (2019 to 2027).
Growing demand for citrus oil from aromatherapy for relaxation, rejuvenation, and treating certain minor physical conditions is predominantly propelling market growth. Practitioners believe that citrus oil has several healing benefits that have positive impact on the body. Moreover, it can be also used across other applications such as bathing, massage, inhalation, perfumes, and others. Therefore, rising demand for citrus oil from aromatherapy due to its various health benefits is expected to augment the market growth of citrus oil.
Increasing the application of citrus oil as essential in the production of cosmetic and personal care products such as creams, perfumes, sunscreen, etc. is projected to raise the demand for citrus oil, which in turn propelling the market growth. Citrus oil is widely used to supplement Vitamin C and other beneficial properties such as antibacterial, anti-fungal, astringent, and revitalizing properties to any cosmetic and personal care product. Hence, the growing demand for citrus oil from the cosmetic industry is expected to propel the market growth.
Rising cases of citrus greening disease caused by Asian citrus psyllid insects that basically feed on various parts of the citrus trees. Infected trees produce fruits that are misshapen, green in color, and bitter and these fruits are not good for consumption in any form. The disease leads to fatal with low chances of recovery and usually results in the death of the affected tree. This factor can leads to a shortage of citrus oil and price fluctuation. Hence, growing cases of citrus greening disease in plants are expected to hinder the market growth of citrus oil over the forecast period.
Among application, therapeutic massage oils dominated the global citrus oils market in 2018 with a 29.1% of market share in terms of revenue. The therapeutic massage oils segment was followed by cosmetics & personal care products and food & beverages.
Increasing the launch of fragrance products incorporate citrus oil is expected to augment the market growth of the citrus oil. For instance, in February 2016, SC Johnson discloses 100% of its fragrance ingredients in the Glade Fresh Citrus Blossoms collection, down to the component level. The new Glade Fresh Citrus Blossoms collection goes beyond other air care products with its 100% fragrance transparency. Hence, increasing demand for fragrance products is expected to propel the market growth.
The rising launch of innovation in citrus oil for the food and beverage industry is expected to accelerate the market growth of citrus oil over the forecast period. For instance, in April 2019, CP Kelco, a global leader of nature-based ingredient solutions, today announced plans for the introduction of its newest product line, NUTRAVA Citrus Fiber. NUTRAVA Citrus Fiber meets all the need for nature-based, recognizable ingredients in a variety of food applications. Derived from intact citrus peels, this next-generation citrus fiber is not only functional.
Key players active in the global citrus oils market are Symrise AG, Lionel Hitchen Ltd., Bontoux, Citrus and Allied Essences Ltd., Young Living Essential Oils LC, Citrus Oleo, Mountain Rose Herbs, Inc., doTERRA International, LLC, Citrosuco and Citromax S.A.C.I.
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