Citrus Oil Market Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027
Citrus oil, which is obtained by the cold press method from
citrus fruits including orange, lemon, and grapefruit, is used in perfumery, to
flavour beverages and sweets, and throughout the food and beverage industry.
The customer is drawn to choosing natural scent rather than a chemical one due
to the rising demand for organic and plant-based products. Citrus oils are
expected to be used more frequently in the global market over the projected
period as a result of rising demand for aesthetic treatments in spa and massage
facilities. Orange oil, lime oil, and other product kinds were among the market
segments.
Citrus oils are increasingly used in the food and beverage
sector as preservatives in addition to flavouring and aroma agents, which is
principally responsible for this rise. Additionally, the substance finds use in
a variety of different industries, including healthcare, personal care, home
care, and cosmetics. Citrus oils make up 20% of all organic oil sales, but the
market is still in its infancy because consumers aren't fully aware of the
product's advantages in other parts of the world.
The food and beverage industry saw significant revenue
declines as a result of COVID-19's global effects. The closure of the
supermarket and department store during the lockdown decreased sales and revenue
of other products, which indirectly affected the citrus
oil market. Most of the production facilities for the food and
beverage, cosmetic, and massage parlour industries are shut down as a result of
the COVID-19 epidemic. Citrus oil supplies for industrial use has decreased as
a result. Citrus oil will profit from the Post-COVID because consumers will
favour more naturally derived, organic, and herbal items for their health
benefits.
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