Citrus Oil Market Report 2024

This Citrus Oil market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The citrus oil market size has grown strongly in recent years. It will grow from $7.8 billion in 2023 to $8.29 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth during the historic period can be attributed to an increase in consumer awareness of natural products, growth in the aromatherapy sector, rising demand for natural flavoring agents in the food industry, the expansion of personal care products utilizing citrus oils, and the emergence of health-conscious consumer habits.

The citrus oil market size is expected to see strong growth in the next few years. It will grow to $10.68 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period is expected to result from a surge in demand for sustainable and eco-friendly products, a growing preference for plant-based ingredients, increasing interest in bio-based solvents, rising demand for premium skincare, and expanding applications of citrus oil in pharmaceuticals. Key trends during the forecast period include a shift towards clean-label products and transparency in sourcing, increased usage in functional beverages, the growing popularity of citrus oils in holistic wellness products, heightened demand for customized aromatherapy solutions, and innovations in multi-functional citrus oil products that combine skincare, fragrance, and health benefits.

The increasing utilization of citrus oils in food and beverages is expected to drive the growth of the citrus oil market in the future. The food and beverage sector encompasses all consumable products, both solid and liquid, prepared and served for human consumption. The rising demand in this sector can be attributed to several factors, including population growth, evolving lifestyles, health awareness, and sustainability trends. Citrus oils enhance the flavor and aroma of food and beverages, adding a refreshing zest, and they also offer potential health benefits such as antioxidants and digestive support, making them popular in health-conscious products. For instance, in February 2023, Monster Beverage Corporation, a US-based company known for its energy drinks, reported a 2.6% increase in net sales for its monster energy drinks, rising to $1.39 billion in the fourth quarter of 2022, up from $1.35 billion in the same quarter of 2021. Therefore, the expanding use of citrus oils in food and beverages is driving the growth of the citrus oil market.

Companies in the citrus oil market are concentrating on developing innovative products, such as antimicrobial citrus oils, to meet consumer demand for natural and sustainable alternatives. Antimicrobial citrus oils can inhibit the growth of bacteria, fungi, and viruses and are commonly used in food preservation, personal care, and cleaning products due to their natural antimicrobial properties, appealing scents, and health benefits. For example, in February 2022, Down Under Enterprises Pty. Ltd., an Australia-based producer of native Australian essential oils, launched Organic Lemon Myrtle Oil. This oil is certified to Organic NOP (USDA) and BioCE standards and is derived from Backhousia citriodora. Known for its high phenolic compound content, this essential oil is ideal for applications in skincare, hair care, and home care. It stands out as the highest natural source of citral, with a recommended safe usage concentration of 1%. Its antimicrobial properties allow it to serve as both a preservative and an active ingredient in personal care products while also providing antioxidant and anti-inflammatory effects. The oil features a sweet citrus top note that transitions into a green, floral heart, concluding with a complex base note reminiscent of citronella.

In April 2024, Berjé Inc., a US-based manufacturer and supplier of flavor and fragrance ingredients, acquired Global Citrus International and Acelim del Peru for an undisclosed amount. This acquisition highlights Berjé's commitment to expanding its citrus product offerings to meet the growing consumer demand for natural ingredients. Global Citrus International (GCI) is a Peru-based manufacturer of lime-based products such as lime essential oils, while Acelim del Peru is a Peru-based grower and processor of lime-based products, including fresh limes, lime essential oils, lime juice, and lime peel.

Major companies operating in the citrus oil market are The Archer-Daniels-Midland Company, Givaudan SA, Firmenich SA, Takasago International Corporation, Young Living Essential Oils LC, dōTERRA International LLC, Robertet SA, Kalsec Inc., Citromax Group, Mountain Rose Herbs, Lebermuth Inc., Citrus and Allied Essences Ltd., Lionel Hitchen, Biolandes, K. K. Enterprise, Florachem Corp., Shiva Exports India, Sensient Essential Oils, Kanta Enterprises Private Limited, INDIA AROMA OILS AND COMPANY, Bontoux S.A.S., AG Organica Private Limited.

North America was the largest region in the citrus oil market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the citrus oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the citrus oil market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Citrus oil is a type of essential oil extracted from the peels of citrus fruits, celebrated for its refreshing aroma that enhances mood and well-being. In addition to its applications in perfumes and household products, it offers potential health benefits, such as antimicrobial and antioxidant effects. This essential oil is also widely used in food flavoring and aromatherapy as a natural remedy.

The main types of citrus oil include lemon oil, orange oil, grapefruit oil, lime oil, and others. Lemon oil, which is extracted from lemon peel, is recognized for its antibacterial, antioxidant, and mood-boosting properties, making it a popular choice in cleaning, skincare, and aromatherapy. It is produced from various sources, including oranges, tangerines, mandarins, grapefruit, and lemons and limes, using several extraction methods such as steam distillation, cold pressing, and hydro-distillation. It is distributed through various channels, both offline and online, for applications in food and beverages, personal care, pharmaceuticals, and aromatherapy.

The citrus oil market research report is one of a series of new reports that provides citrus oil market statistics, including citrus oil industry global market size, regional shares, competitors with a citrus oil market share, detailed citrus oil market segments, market trends, and opportunities, and any further data you may need to thrive in the citrus oil industry. This citrus oil market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The citrus oil market consists of sales of bergamot oil, pomelo oil, pomelo oil, and calamondin oil. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.