Citrus Oil Market Size, Share & Trends Analysis Report, By Product (Orange, Lemon, Lime, Grapefruit), By Application (Personal Care, Food and Beverages, Pharmaceuticals), By Region, And Segment Forecasts, 2024 - 2030

Citrus Oil Market Size & Trends

The global citrus oil market size was valued at USD 8.70 billion in 2023 and is projected to grow at a CAGR of 8.0% from 2024 to 2030. The growth is primarily driven by the increasing demand for natural products in the food and beverage industry to enhance nutritional value. Additionally, the wide availability and accessibility of citrus oil, its growing applications, and increasing consumer awareness of its benefits are expected to fuel market demand further.

The increasing demand for citrus oils can be attributed to shifting consumer lifestyles, greater investment in leisure and relaxation, and the proliferation of spas and massage centers, especially in emerging regions such as Europe, Asia Pacific, the Middle East, and Africa. This demand is further bolstered by the rising use of plant-based extracts in industries such as food and beverages, cosmetics, and pharmaceuticals. Additionally, awareness of the benefits of plant-based products is expected to impact demand in the near future positively. Citrus oil is recognized for its effectiveness in combating germs and fungus, making it a popular ingredient in cleaning and personal care products. Its pleasant aroma is known to enhance mood and is beneficial for the skin.

The increasing number of wellness centers and clinics offering natural treatments using natural medicines has significantly contributed to market growth. Furthermore, the use of citrus oil in massage therapies and aromatherapy is also a key driver of market expansion. Leading companies are actively launching new aromatherapy products designed to provide consumers with scents that support their mental and physical well-being. The growing awareness of natural ingredients and products has further led to an increased demand for citrus oil products, solidifying its significant role in the market.

Product Insights

The orange oil segment dominated the market in 2023 with a share of 29.7%. The rise in demand for cosmetics and skincare products used for skin rejuvenation is anticipated to bode well for the segment growth. Orange oil has antiseptic and anti-inflammatory properties, making it the ultimate ingredient for skin and hair care. Research studies suggest that regular use of these products boosts blood circulation, absorption of vitamin C, and collagen production, all of which are essential to prevent and slow the signs of aging. These products also help improve the health of skin, hair, and nails. Rising consumer awareness regarding these advantages is projected to bode well for the segment's growth. Furthermore, the easy availability and affordability of raw materials have led to increased production of orange oil. The oils also provide desirable aroma and better blending capability. These factors are responsible for the market growth of this segment.

The lemon oil segment is expected to grow at a CAGR of 8.7% during the forecast period. The market growth is a result of the increasing use of lemon oil in detergents and teeth-whitening products. The product is also used in face washes for smoother skin and a clearer complexion. Lemon oils contain d-limonene, which helps treat cancer. This factor is expected to increase the use of the product in the pharmaceutical sector, fueling overall growth in the forthcoming years. Furthermore, the rising usage of lemon oil as a flavoring agent in various food items has resulted in market growth.

Application Insights

The personal care segment dominated the market in 2023 with a share of 39.5%. Rising use of products such as orange, lemon, and grapefruit oil in skincare products, owing to their antiseptic and antibacterial properties, is projected to drive the growth of the segment over the forecast period. The rising preference for products having natural and organic ingredients over synthetic ingredients and chemicals has led to increased demand for citrus oil. Citrus oil provides anti-inflammatory and antibacterial properties. Hence, it is widely used in the production of cleansers, moisturizers, and toners. Furthermore, the rising demand for aromatherapy has increased the demand for citrus oil. Therefore, these factors are responsible for the market growth of this segment.

The aromatherapy segment is projected to grow at a CAGR of 8.5% during the forecast period. Rising demand for aromatherapy has led to increased demand for citrus oil as there is an increase in the usage of citrus oil. Citrus oil is widely acknowledged for its capacity to mitigate stress and anxiety while enhancing sleep quality. In aromatherapy, citrus oil is celebrated for its uplifting influence on mood. Major industry entities are increasingly investing in developing aromatherapy diffusers and candles, stimulating demand for various essential oils. These factors significantly contribute to the expansion of this particular segment within the market.

Regional Insights

The North American citrus oil market accounted for a 29.0% regional market share in 2023. The market growth is a result of the rising demand for essential oil products in the country. Increased awareness regarding the benefits of integrating citrus oil in skincare, homecare practices, and aromatherapy has led to market growth. Furthermore, the rise in the number of spas, salons, and aromatherapy centers has further aided in the market growth of citrus oil in this region.

The U.S. citrus oil market is expected to grow rapidly due to the rising integration of citrus oil in applications such as cooking, baking, skincare, haircare, spa, massage, and more. The country's large number of supermarkets and hypermarkets has made citrus oil products easily available. Furthermore, rising awareness regarding the usage of natural products has led to the country's market growth of citrus oil.

Europe Citrus Oil Market Trends

Europe dominated the citrus oil market with a market share of 38.0% in 2023. The presence of major cosmetics companies and rising awareness regarding essential oils has led to market growth in this region. Consumers in the region are adopting the usage of personal care and cosmetics products that are chemical-free and made from natural and organic ingredients. Hence, these factors are responsible for the market growth in this region.

Germany Citrus Oil Market Trends

Germany held a substantial market share of the European citrus oil market in 2023. The market growth is due to the rising usage of natural oils for skin care and home care. Major companies are launching products incorporating natural oils due to the growing demand for products made from natural ingredients. Furthermore, the rising usage of citrus oil in cooking and baking, as it aids in taste enhancement, has resulted in market growth in this country.

Asia Pacific Citrus Oil Market Trends

Asia Pacific had a market share of 24.2% in 2023, owing to high demand from the food and cosmetic industries. An increasing number of spas and massage centers are expected to positively influence regional demand over the forecast period. The popularity of massage and aromatherapy centers in South Asian countries aids in the constant demand for citrus oil and its products. Furthermore, major companies are launching products made with natural ingredients in order to improve their market penetration in high-population countries such as China, India, and Japan.

The citrus oil market in Japan is expected to grow rapidly due to rising awareness regarding the usage of natural ingredients and essential oils. Consumers are purchasing products containing citrus oil as an ingredient as it provides properties such as antibacterial and anti-inflammatory. Furthermore, rising demand for citrus oil in spas, massage centers, and aromatherapy has led to the market growth of citrus oil in this country.

Key Citrus Oil Insights

Some of the major companies in the citrus oil market are Young Living Essential Oils, Plant Therapy, Moksha Lifestyle Products, Farotti Essenze, Mountain Rose Herbs, and more. Companies are focusing on increasing market penetration in domains such as food and beverages, perfumes, nutraceuticals, supplements, and more.

• Young Living Essential Oils is a company that produces and distributes essential oils and other related products. The company also deals with the selling of diffusers, makeup products, facial and dental care products, and more.

• Plant Therapy is a company that provides products such as essential oils, hair and skin care products, body care products, diffusers, and household and supplement products.

Recent Developments

• In November 2023, Prinova announced its acquisition of Flavor Tec, a Brazil-based producer of citrus oil. This strategic move is expected to facilitate Prinova's expansion into the South American market and strengthen its technological and operational capabilities.

• In April 2024, Berjé Inc. completed the acquisition of Global Citrus International and Acelim del Peru, expanding its presence in the essential oils and fruit products market. These Peruvian entities have significant regional operations and have established strategic partnerships with Citrolim SA de CV in Mexico, which will help Berjé source high-quality ingredients and strengthen its global supply chain.

Citrus Oil Market Report Scope

Global Citrus Oil Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global citrus oil market report based on product, application, and region.

• Product Material Outlook (Revenue, USD Million, 2018 - 2030)

  • Orange Oil

  • Oil

  • Lime Oil

  • Grapefruit Oil

  • Others

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Personal Care

  • Food and Beverages

  • Pharmaceuticals

  • Aromatheraphy

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Argentina

  • Middle East and Africa (MEA)

    • South Africa

    • UAE