Citrus Oil Market Size To Reach $14.82 Billion By 2030

Citrus Oil Market Growth & Trends

The global citrus oil market size is anticipated to reach USD 14.82 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.0% during the forecast period. Growing demand for plant based extracts such as colorants and flavorants and to increase nutritional content of food and beverages is projected to propel the growth.

Citrus oil is widely available in many countries including U.S., U.K., and Germany and is commonly used in food and beverages. Orange oil led the market in 2018 and is expected to maintain its dominant position throughout the forecast period. Increasing use of the product in skin care products is the main factor driving the demand. Orange oil is used for the treatment of acne and to encourage skin rejuvenation. Furthermore, regular use of orange oil helps regulate blood flow to skin, fueling the demand for orange oil from the cosmetic industry.

The market for citrus essential oil is expected to witness significant growth over the forecast period. Increasing spa and rejuvenation centers across the world is expected to drive the product demand. Key players focus on innovation and new product development to increase their product offerings. For instance, in 2023, Youngevity introduced a new product called Mineral Man, offering citrus oil-based skin care and hair care products.

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.

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Citrus Oil Market Report Highlights

• 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

• 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 lemon oil segment is expected to grow at a CAGR of 8.7% during the forecast period

• The aromatherapy segment is projected to grow at a CAGR of 8.5% during the forecast period

Citrus Oil Market Segmentation

Grand View Research has segmented the chandeliers market on the basis of product, application and region:

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

• Orange Oil

• Lemon Oil

• Lime Oil

• Grapefruit Oil

• Others

Citrus Oil Application Outlook (Revenue, USD Million, 2018 - 2030)

• Personal Care

• Food and Beverages

• Pharmaceuticals

• Aromatheraphy

Citrus Oil 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

List Of Key Players in the Citrus Oil Market

• Young Living Essential Oils

• Plant Therapy

• Moksha Lifestyle Products Farotti Essenze

• Mountain Rose Herbs

• Symrise

• Citrosuco

• Firmenich SA

• Biolandes

• Citrus and Allied Essences Ltd.

• Lebermuth, Inc.