Citrus Oil Market Report and Forecast 2024-2032

According to the report, the global citrus oil market is projected to grow at a CAGR of 6% between 2024 and 2032 reaching a value of approximate USD 14.41 billion by 2032. Aided by the rising consumer demand for natural flavourings and fragrances and the widespread applications of citrus oil in various sectors, the market is expected to grow significantly by 2032.

Citrus oil, extracted from the peel of citrus fruits such as oranges, lemons, limes, and grapefruits, is a quintessential ingredient celebrated for its refreshing aroma and multifarious benefits. The oil is widely known for its antiseptic properties and its ability to rejuvenate and revitalise the skin. Aside from its therapeutic values, citrus oil boasts superior flavouring, perfuming, and cleaning attributes, making it an indispensable ingredient across industries like food and beverage, cosmetics, cleaning agents, and aromatherapy.

The surging preference of consumers for organic and natural products is a pivotal driver steering the citrus oil market growth. As synthetic flavours and fragrances face increased scrutiny due to potential health concerns, there's a discernible pivot towards natural alternatives. Citrus oil, with its unmistakable zest and tang, fits the bill perfectly, enhancing everything from gourmet dishes and confectioneries to premium perfumes and skincare products.

Moreover, the holistic wellness trend is fuelling a renewed interest in aromatherapy, where citrus oil plays a central role. Its uplifting and invigorating aroma is believed to alleviate stress, improve mood, and boost concentration, cementing its popularity among modern consumers. The burgeoning spa and wellness centres worldwide increasingly incorporate citrus oil in their offerings, testifying to its therapeutic prowess.

The versatility of citrus oil does not end here. Its potent antiseptic and antibacterial properties are leveraged in the cleaning industry, leading to a higher citrus oil market demand. An escalating number of eco-friendly cleaning products now spotlight citrus oil as a key ingredient, not just for its cleaning efficacy but also for the pleasant aroma it imparts, making household chores a more sensory-rich experience.

As per the citrus oil market analysis, another domain where citrus oil shines is cosmetics and skincare. Embraced for its ability to clarify and brighten the skin, it's a darling ingredient in many facial cleansers, toners, and serums. Its potential in diminishing blemishes and enhancing the skin's radiance is well-documented, and thus it remains a staple in many skincare formulations.

Market Segmentation

The market can be divided based on origin, oil type, application, and region.

Market Breakup by Origin

• Organic
• Conventional

Market Breakup by Oil Type

• Orange Oil
• Lemon Oil
• Lime Oil
• Bergamot Oil
• Mandarin Oil
• Grapefruit Oil
• Tangerines Oil
• Others

Market Breakup by Application

• Food and Beverage
• Cosmetic and Personal Care
• Pharmaceuticals
• Aromatherapy
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global citrus oil market. Some of the major players explored in the report are as follows:

• Döhler GmbH
• Lebermuth, Inc.
• Firmenich SA
• Treatt Plc
• Lionel Hitchen Limited
• Citrus and Allied Essences Ltd.
• Others