Global Citrus Oil Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Innovative extraction techniques can produce highly concentrated, pure citrus oils that add vibrant flavors and aromas to end products

• Growing usage of citrus oils in ethnic foods as these foods are highly popular due to the use of organic and natural ingredients is expected to foster the market growth of the citrus oil. Citrus oil is considered a good source of vitamins and is highly healthy, which is raising their demand in preparation for ethnic foods in the food and beverage industry. Therefore, the rising usage of citrus oil in the preparation of ethnic food is expected to propel the market growth.

Market Segmentations

• The Global Citrus Oil Market is segmented based on Type, Application, and Geography.
• By Type, the market is classified into Orange Oil, Lemon Oil, Lime Oil, Grapefruit Oil, and Others. the orange oil category had the biggest market share, with over 31%. It is projected that the increase in demand for skincare and cosmetics used for healthy skin would favor the segment's growth. Orange oil is the best component for skin and hair care because of its antibacterial and anti-inflammatory characteristics. According to research, using these items often improves collagen formation, vitamin C absorption, and blood circulation - all crucial for delaying the onset of aging symptoms. Additionally, these goods aid in strengthening the health of the nails, skin, and hair. Growing consumer knowledge of these benefits is anticipated to be positive for category growth.
• By Applications, the market is classified into Food & Beverages, Personal Care & Cosmetics, Aromatherapy, Pharmaceuticals Others. The application of citrus oil in personal care products is expected to register the highest growth rate. Citrus oils are primarily used in natural cosmetics due to their anti-inflammatory, antibacterial, and antiviral properties. Multiple skin cleansers contain a healthy dose of citrus oil because of their cleansing property. The oil smells of freshness, and, thus, helps in waking up the skin every morning. These oils contain chemical compounds that can kill acne-causing bacteria to help regulate stressed skin due to hormones. New natural skin-care lines such as Trilogy and Natrèceutique are using citrus oil in their products.
• By Geography, the market is classified into the market is classified into the Americas, Europe, Middle-East & Africa, and Asia-Pacific. Europe accounted for the highest share of the market. European flavoring manufacturers are turning to natural ingredients to produce flavors instead of using synthetic ingredients to address the growing concerns of consumers for clean-label products, which is expected to drive the demand for citrus oil in this region. Germany, the U.K., France, and Spain have huge food industries, which are the most important end users of essential oils in Europe. Furthermore, the growing popularity of ethnic food dishes in Europe is anticipated to boost the region’s citrus oil market.

Recent Development

Company Profiles

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of the Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxemburg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle East and Africa (Egypt, Israel, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates, and Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global Citrus Oil Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses the Global Citrus Oil Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Citrus Oil Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
• Excel data sheet for the market size will also be provided with the report.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
• The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors.
• The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.

Report Highlights:

• A complete analysis of the market, including the parent industry
• Important market dynamics and trends
• Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
• Market segmentation
• Competitive Analysis: Comparative analysis of competitor
• Historical, current, and projected size of the market based on value and volume
• Market size of the US states
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market