Citrus Essential Oil Market By Product Type (Orange Oil, Lemon Oil, Lime Oil, Mandarin Oil, Grapefruit Oil, Bergamot Oil), By Application Type (Food & Beverages, Cosmetics & Toiletries, Spa & Relaxation, Cleaning & Home, Medical) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2023

Over the past two decades the amount of imports and exports in essential oils increased extensively, from about just over US$ 600 million in 1990 to more than US$ 4.0 billion in 2010. Most of the trade in essential oils takes place in the European Union (EU), South America, the North American Free Trade Area (NAFTA), and East Asia with very little trade happening in Africa and in particular the Southern African Development Community (SADC) region.

This study on citrus essential oil market provides a holistic view of the market. The said study covers comprehensive analysis of citrus essential oil market segments based on type of products, applications and cross-section analysis across different geographical regions.

Citrus essential oils are most likely is the least talked about of all essential oils. Citrus essential oils are the extracts of oranges, limes, grapefruit, mandarins, tangerines and lemons. The essential oils are extracted (cold-pressed) from the skin or rind of the fruit. The bit of the fruit we tend to throw away. Citrus essential oil market is witnessing growth due to its wide usage in alcoholic beverages and soft drink industry, soaps, detergents, cosmetics, processed food industry among others. Rising consumer preference for natural products is another factor contributing towards the market growth.

On the basis of product type, the segments included are orange oil, lemon oil, lime oil, mandarin oil, grapefruit oil, and bergamot oil. Orange oil is the most widely used citrus essential oil due to its anti-inflammatory, aphrodisiac, antidepressant, and antiseptic properties. Moreover it is the most inexpensive of all essential oils. Grapefruit oil and lemon oil are the other extensively used citrus essential oils.

On the basis of application, the segments included are food & beverages, cosmetics & toiletries, spa & relaxation, cleaning & home, medical and others. The major consumers of citrus essential oils are food and beverages industry. They are also extensively used in the ever expanding area of aromatherapy.

On the basis of geography, the global citrus essential oil market was dominated by Europe owing to growing demand for natural products from various sectors such as food, cosmetics, and personal care among others. Germany and U.K are the major consumers of citrus essential oils. North America is projected to be the second largest market followed by Asia Pacific. In North America, U.S. is the largest market. Asia Pacific is projected to witness fastest growth rate during the forecast period.      

The global citrus essential oils market can be categorized on the basis of applications as:

• Food & Beverages
• Cosmetics & Toiletries
• Spa & Relaxation
• Cleaning & Home
• Medical
• Others
•  

In 2015, food and beverages segment dominated the market and accounted for 34% share of global demand. The major consumers of citrus essential oils are the soft drink industry. No soft drinks can be made without essential oils such as lime or lemon. Further, alcoholic beverages are another major user of citrus essential oils. Citrus essential oils are also extensively use in processed food and fast food industry. 

In the same year cosmetics & toiletries accounted for over 21% market share owing to increasing consumer sophistication, demand for natural cosmetics, beauty products and fragrance. However, spa & relaxation segment is projected to witness highest growth rate during the forecast period owing to changing lifestyle, increasing popularity of aromatherapy and rise in disposable income.

On the basis of geography, the global citrus essential oils market is segmented as per following regions and countries.

• North America
  • U.S.
  • Rest of North America
• Europe
  • EU7
  • CIS
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • South Asia
  • Australasia
  • Rest of Asia Pacific
• Rest of the World (RoW)
  • Middle East and Africa
  • Latin America
  •  

In 2015, Europe was the largest consumer of citrus essential oils and accounted for 40.1% of global demand. High inclinations towards natural products have spurred the regional market growth. Europe is projected to maintain its dominance during the forecast period. Worldwide, Germany and U.K are the two largest consumers of citrus essential oils. North America is the second largest consumer of citrus essential oils. The presence of large multinationals is making citrus essential oils more accessible to the consumers.  However, the North America market is projected to witness a steady growth during the forecast period rate owing to market saturation.

On the other hand, Asia Pacific is projected to be the fastest growing market. It projected to grow at a CAGR of 9.6% during the forecast period of 2016 to 2023 in terms of volume. Rising consumers awareness regarding the benefits of the citrus essential oils, changing lifestyles and increasing disposable income are projected to foster citrus essential oils market demand in this region.