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Citrus Essential Oil Market Insights, Trends & Future Development Status Recorded during 2018 to 2028

Jan 22nd 2019 at 4:25 AM

Citrus essential oils market continues to witness widespread adoption in multiple industrial applications, ranging from cosmetics and health care, to food and beverages. Aromatherapy is another application area of citrus essential oils where demand remains significant in light of their effective therapeutic attributes. According to a recent analysis by Fact.MR, the citrus essential oils sales increased by over 3000 tons in 2018 over 2017.

The study opines sales of citrus essential oils manufactured using grapefruits to witness relatively faster momentum, as chemical constituents of grapefruit are sought-after across various industries. Grapefruit-derived citrus essential oil sales are expected to grow 2X faster than their counterparts in 2019. Additionally, health benefits of grapefruit essential oils such as weight loss, improved immunity, and alleviation of stress, has led its adoption among producers of the citrus essential oils in line with increased consumer affinity for such products.

Consumption Remains Robust in F&B Sector

With citrus essential oils labeled as safe for consumption by regulatory authorities, food and beverages industry continue to incorporate these essential oils into multiple products, in line with the upward trend of “clean label.” Over 30% sales of citrus essential oils was accounted by the food industry in 2018. Additionally, there has been a notable rise in 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.

Recent studies have linked citrus essential oils with curing insomnia, anxiety, and its vital role in the prevention of cancer. The recent researches have increased the possibility of citrus essential oils used in aromatherapy which is gradually regaining its vigor around the world. Due to these reasons, the use of citrus essential oils in healthcare products is expected to register a Y-o-Y growth of more than 7% in 2019 over 2018.

Browse Full Report on Citrus Essential Oil Market with TOC-

Online Retail Stores to Lead Citrus Essential Oils Sales

Globalization and pervasive proliferation of the internet worldwide have streamlined the modern-day trade practices. Following the trend, online retail stores have emerged as fastest growing distribution channel for various consumer as well as industrial goods, and citrus essential oils are no exception. With aggressive marketing campaigns and lucrative discounts, online retailers continue to win over consumers and consolidate their position in the market. The facility of shopping for required goods from the comforts of home has become a pervasive trend among millennials and the aging population alike.

As awareness regarding the use of citrus essential oils grows, their demand will show no signs of abating for industrial as well as household use. The digital medium provides an extended reach to essential oil manufacturers to target consumers in various regions of a specific country or the world. Online retailers sold over 4000 tons of citrus essential oils in 2018, according to the study.

Europe is estimated to remain the largest market for citrus essential oils, despite depreciating value of Euro that has resulted in an upsurge in the cost of citrus essential oils in the region.

The Fact.MR report further tracks the citrus essential oils market for the period 2018-2028. According to the report, the citrus essential oils market is projected to grow at 4.1% CAGR through 2028.

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Citrus Essential Oil Market Insights, Trends & Future Development Status Recorded during 2018 to 2028

Feb 4th 2019 at 4:22 AM

The growing emphasis on health and wellness and positive perception about aromatherapy is driving uptake of essential oils, according to a new study by Fact.MR. The shifting consumer focus is driving the demand for health and wellness products, and this trend is likely to provide an impetus to the growth of essential oil market in the future.

With the increasing focus on aromatherapy, essential oils are gaining popularity where oil is inhaled or used on the skin to treat various health conditions. Aromatherapy is constantly expanding with a new application in the bath, household, and personal care market. With the growing demand, companies are focusing on product development by rapidly creating new aromatherapy formulations with essential oils. According to the Fact.MR study, essential oil sales are likely to gain traction on account of these broader factors.

Aromatherapy is fast emerging as an alternative medicine using essential oils and other aromatic compounds for purpose of altering mood, mind, and health of a person. With an increasing number of essential oils demonstrating anti-microbial activities such as tea tree oil, it is used on a large scale for treating infectious diseases. Moreover, aromatherapy organizations across the world are working on the advancement of aromatherapy by using various essential oils and also educating aromatherapists and healthcare professionals for using essential oils to treat various conditions.

The use of aromatherapy has also increased to relieve symptoms caused by chronic illness including circulation problem, pain, stress, fatigue, upset stomach, nausea, and other symptoms. Ginger oil, pine oil, oregano oil, wintergreen oil are some of the essential oils used on a large scale in alternative therapies.

Cosmetics brands are increasingly using essential oils in their products with the increasing popularity of aromatherapy. Innovations and new formulations in the cosmetics industry is triggered by consumers willing to pay more for natural products. Aromatherapy moisturizes, body creams and perfumes are rapidly gaining popularity in the market.

Browse Full Report with TOC-

The sales of essential oils is increasing among professional aromatherapists purchasing essential oils in a large quantity including lavender oil, eucalyptus oil, peppermint oil, tea tree oil, lemon oil, and rosemary oil. One of the major factors driving the sales of essential oil is increasing consumer awareness about the benefits of essential oils.

Sales of Citrus Essential Oil Surge in Aromatherapy in Light of Effective Therapeutic Benefits

Citrus essential oil market continues to witness increasing adoption in the aromatherapy backed by the number of health benefits. Meanwhile, the demand for citrus essential oil is likely to grow significantly in multiple industries including food and beverages, healthcare, and cosmetics. According to the latest report by Fact.MR, citrus essential oil sales reached more than 80 thousand tons in 2018.

Manufacturing citrus essential oil using grapefruit is likely to gain momentum in the coming years owing to the benefits such as improved immunity, weight loss. Grapefruit in manufacturing citrus essential oil is also expected to grow 2x faster in 2019 compared to other counterparts.

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