According to the report titled ‘Global Citrus Oil Market Size study, by Product (Orange Oil, Lemon Oil, Lime Oil, Grapefruit Oil and Others), by Application (Personal Care, Food & Beverages, Pharmaceuticals and Aromatherapy) and Regional Forecasts 2021-2027’, available with MarketStudyReport, global citrus oil market was worth USD 7.2 billion in 2020 and is projected to grow at a healthy rate of 6.8%, thereby amassing USD 11.41 billion during the forecast period 2021-2027.
 

Growing consumer awareness of health advantages of the products, and its subsequent usage in cosmetics & personal care items, in consort with soaring production of citrus fruits are the factors driving growth of global citrus oil market. In this context, Statista stated that the citrus fruit production in China increased from 38.17 million metric tons in 2017 to 51.22 million metric tons in 2020.
 

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For the unversed, citrus oil is derived by cold-pressing citrus fruits such as oranges, lemons, and others. Consumer inclination towards adopting healthy lifestyle, launch of inventive and distinctive items, expansion of e-commerce network, and proliferation of end-user sectors such as food & beverages and cosmetics will all create new prospects in the market.
 

Speaking of product terrain, worldwide citrus oil market is categorized into grapefruit oil, lime oil, lemon oil, orange oil, and others. While based on application scope, the industry is divided into aromatherapy, pharmaceuticals, food & beverages, and personal care.
 

From the regional perspective, Europe held a substantial market share in the past year and is predicted to grow significantly through 2027, owing to rising product offerings, and widespread recognition of the value of citrus oil.
 

Meanwhile, Asia-Pacific market is expected to have a strong CAGR over 2021-2027, due to spike in the volume of spas and massage facilities, acceptance of a healthy lifestyle, presence of notable players, and substantial consumption of citrus fruits in the area.
 

Established companies in global citrus oil market are Dutch Organic International Trade (DO-IT B.V.), Young Living Essential Oils, DoTerra Holdings LLC, Mountain Rose Herbs, Plant Therapy Essential Oils, FarottiEssenze S.r.l., A.M. Todd Botanical Therapeutics LLC, Monteloeder S.L., Moksha Lifestyle Products, and Shanghai Pu-Jie Fragrance Co. Ltd. among others.