Global Citrus Oils Market Size 2016-2026

P e r s i s t e n c e M a r k e t R e s e a r c h
Report Media Releases
Global Citrus Oils Market Expected to Reach US$ 4.3
Billion in Revenues by 2026
A study conducted by Persistence Market Research (PMR) identifies that the global market for
citrus oils is set to reach US$ 4,353.8 Million by the end of 2026, riding on a modest CAGR of
4.9%.
Increasing demand for citrus oils for preparing therapeutic massage oils is projected to have a
significant contribution to the overall development of citrus oils market. Based on application,
the therapeutic massage oils segment is expected to account for the highest share of the
market, reaching US$ 1,276.6 Million by the end of the assessment period (2016-2026).
Cosmetics and personal care will continue to be the second largest segment of the market,
capturing over 28% market share by the end of 2026.
“The growing prominence of aromatherapy is identified as a primary factor driving the global
citrus oils market. Such therapies are applied in rejuvenating, relaxing and treating certain minor
health disorders. Increasing popularity of aromatic oils and therapeutics is largely attributed to
shifting preference for convenient, harmless, and natural alternatives over traditional allopathic
solutions. Hence, higher consumer interest in aromatherapy is translating into great yields in
citrus oils market”. – PMR
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Based on oil type, the orange oil will remain as the predominant segment and is estimated to
reach a market valuation of US$ 2,649.5 Million by the end of forecast period. Amongst other oil
types, lemon oil is projected to witness a healthy growth, accounting for nearly 11% share of the
market in term value over 2026.
The global citrus oils market growth will be majorly influenced by the growing supply of citrus oils
from developing regions due to the low cost of production. Moreover, the extensive demand for
citrus flavors in food and beverage products in recent years is further propelling the market
growth.
Bottlenecks
As citrus oils find more application in the F&B sector, concerns over their preservation and quick
perishable nature are limiting their use to a certain extent. The risk of citrus greening disease
and increasing use of synthetic chemicals to preserve citrus oil products are seen as major
market hindrances. In addition, low awareness in emerging countries is anticipated to further
restrict the market growth during the forecast period.
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While North America will continue to hold the top spot, the markets in Latin America and Asia
Pacific will register exponential gains. In 2015, Asia Pacific accounted for 14.1% market share
and is expected to gain 60 BPS to capture 14.6% market share by 2026. In terms of volume,
Asia Pacific is expected to register a strong CAGR during the forecast period. Whereas, Latin
Global Citrus Oils Market 2016-2026