The Global Orange Essential Oil Market Size is valued show a CAGR of 6.50% during the forecast period for 2024-2031.
An aromatic extract called orange essential oil is made from the orange fruit's peel. Orange essential oil is produced using the cold pressing method from the peel left over after manufacturing orange juice. In the food and beverage industries, orange essential oil gives beverages, candies, desserts, and various bakery and confectionary items a natural orange flavor.
Orange essential oil is widely used in soaps, body lotions, anti-aging and anti-wrinkle treatments, and multiple creams in the cosmetics business. Due to its relaxing and antidepressant qualities, orange essential oil has become more prevalent in aromatherapy. Room fresheners, deodorants, and sprays are among the household and personal care items that employ orange essential oil. Thus, all these factors are driving the market growth.
However, the high cost of green chemicals, and the availability of synthetic substances, are factors that may limit the growth of the target market during the forecast period. Furthermore, increasing R&D activities, government initiatives to use sustainable components for production, and prominent players' investments are expected to create lucrative growth opportunities in terms of revenue for players operating in the global orange essential oil market over the forecast period.
Recent Developments:
- In July 2022, Asia Pacific was anticipated to have substantial growth with the expansion of TERRA into India. DoTERRA's essential oils are supplied from India, Asia, the Pacific, the Middle East, and Africa, so setting up shop there makes sense from a strategic standpoint for the company to expand internationally.
- In September 2021, MANE KANCOR's research center on Angamaly debuted, specializing in advancements in natural ingredients for personal care goods, food coloring, culinary flavor, and nutraceutical items.
Competitive Landscape:
Key Players in the Orange Essential Oil Market:
- Florihana
- Plant Therapy Essential Oils
- NOW foods
- Australian Botanical Products
- Melaleuca Inc.
- Kama Ayurveda
- Falcon
- Moksha Lifestyle Products
- Mountain Rose Herbs
- Aura Cacia
- Cutrale
- Ungerer & Company
- Young Living Essential Oils
- Doterra International LLC
- Ultra International B.V.
- LemonConcentrate
- LorAnn Oil
- Spark Naturals Kingspan Group
Market Segmentation:
The orange essential oil market is segmented based on type, applications and distribution channel. Based on type, the market is segmented into bitter orange oil, sweet orange oil, orange blossom oil, petitgrain oil and others. Based on application, it is divided into food & beverage, pharmaceutical, personal care, cosmetics and others. According to the distribution channel, the market is bifurcated into direct distributors and others.
Based on application, the personal care segment is a major contributor to the orange essential oil market
The personal care segment is expected to maintain its dominant market position. Due to their antiseptic and antibacterial qualities, items like lemon and grapefruit oil are increasingly being used in skincare products, which is expected to propel the segment's expansion throughout the forecast period. The segment's growth is anticipated to be aided by rising consumer demand for cosmetics made with natural components. In the following years, factors including shifting consumer lifestyles and the rising use of natural makeup products would promote the segment's growth.
The personal care and cosmetics segment witnessed growth at a rapid rate
The personal care and cosmetics segment is expected to dominate the market. Body lotions, hair oils, face creams, bath soaps, and other cosmetic and personal care items are all made with orange essential oil. In the cosmetics industry, orange essential oil is widely used in cleansers, anti-aging and anti-wrinkle treatments, body creams, and other ointments.
The Europe orange essential oil market holds a significant regional revenue share
Europe held the largest market share. Citrus oil is predicted to be in high demand in Europe due to flavoring makers switching from synthetic components to natural ones to satisfy customers' increased desire for products with clean labels. The largest end users of essential oils in Europe are the countries with the largest food industry, which include Germany, the U.K., France, and Spain.
Furthermore, it is projected that the demand for citrus oil in the region will rise as ethnic food specialities gain appeal in Europe. Additionally, Asia pacific is anticipated to have the fastest market share during the forecast period. The market for citrus oil is anticipated to grow in this region as there are more health & relaxation facilities. The research states that revenues from spas in the Asia Pacific region climbed significantly. Spas use essential oils, such as citrus, rosemary, or a combination of oils, to promote health and wellness. However, these oils are applied to baths at spas.
Orange Essential Oil Market Report Scope:
|
Report Attribute |
Specifications |
|
Growth rate CAGR |
CAGR of 6.50% from 2024 to 2031 |
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Quantitative units |
Representation of revenue in US$ Million, and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments covered |
Type, Applications and Distribution Channel |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; South East Asia |
|
Competitive Landscape |
Florihana, Plant Therapy Essential Oils, NOW foods, Australian Botanical Products, Melaleuca Inc., Kama Ayurveda, Falcon, Moksha Lifestyle Products, Mountain Rose Herbs, Aura Cacia, Cutrale, Ungerer & Company, Young Living Essential Oils, Doterra International, LLC, Ultra International B.V., LemonConcentrate, LorAnn Oil, Spark Naturals |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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