Dublin, Nov. 13, 2024 (GLOBE NEWSWIRE) -- The "Grapefruit Oil - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Grapefruit Oil was estimated at US$400.1 Million in 2023 and is projected to reach US$557.4 Million by 2030, growing at a CAGR of 4.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the grapefruit oil market is driven by several key factors, including increasing consumer demand for natural and plant-based products, the expansion of the wellness and aromatherapy industries, and the rising awareness of the health benefits associated with essential oils. One of the primary drivers is the growing consumer preference for natural, chemical-free ingredients in personal care, cosmetics, and household products.
As more consumers seek to avoid synthetic chemicals and preservatives, grapefruit oil, with its natural origin and clean-label profile, is becoming an increasingly popular ingredient in skincare, haircare, and body care products. This trend is particularly strong in the clean beauty movement, where consumers prioritize transparency and sustainability in the ingredients they use on their skin.
The expansion of the wellness and aromatherapy sectors is another significant factor contributing to the growth of the grapefruit oil market. Grapefruit oil's uplifting scent and mood-enhancing properties make it a popular choice in aromatherapy products designed to reduce stress, improve focus, and elevate mood. As wellness practices like meditation, yoga, and mindfulness continue to gain popularity, essential oils are being integrated into these routines to enhance the experience. The growing focus on mental health and emotional well-being is driving demand for products that support relaxation and balance, positioning grapefruit oil as a key ingredient in the wellness space.
The food and beverage industry is also playing a role in the expansion of the grapefruit oil market. As consumers increasingly seek out natural flavors and additives, grapefruit oil is being used as a flavoring agent in a variety of food products, particularly in beverages and confectioneries. Its bright, citrusy flavor profile appeals to health-conscious consumers looking for refreshing, clean-label ingredients in their food and drinks. Additionally, the rise of functional beverages, such as detox drinks and flavored waters, is creating new opportunities for grapefruit oil as a natural flavor enhancer with added health benefits.
The growing awareness of the health benefits associated with essential oils is further driving demand for grapefruit oil in the pharmaceutical and nutraceutical sectors. Consumers are increasingly turning to natural remedies to support their overall health, and grapefruit oil's detoxifying, antimicrobial, and antioxidant properties make it a valuable ingredient in health supplements and natural remedies. Its use in weight management, immune support, and digestive health supplements is gaining traction as consumers prioritize natural alternatives to conventional medicines. This shift toward natural health solutions is expected to continue fueling the demand for grapefruit oil in these sectors.
Moreover, the trend toward sustainable and eco-friendly products is influencing the growth of the grapefruit oil market. As industries and consumers place a greater emphasis on sustainability, the demand for responsibly sourced, biodegradable ingredients is rising. Grapefruit oil, derived from a renewable and natural source, fits well within this trend. Manufacturers are increasingly highlighting the sustainable production processes of grapefruit oil, appealing to environmentally conscious consumers. The alignment of grapefruit oil with sustainability goals is expected to drive its adoption across industries focused on reducing their environmental impact.
In conclusion, the grapefruit oil market is poised for significant growth driven by increasing consumer demand for natural, plant-based products, the expansion of the wellness and aromatherapy industries, and the rising awareness of the health benefits of essential oils. Technological advancements in extraction methods, formulation techniques, and supply chain transparency will further enhance the market's potential. As industries continue to prioritize sustainability, health, and wellness, the demand for grapefruit oil is expected to flourish in the coming years.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Therapeutic Massage Oils Application segment, which is expected to reach US$187.3 Million by 2030 with a CAGR of a 5.5%. The Cosmetics & Personal Care Application segment is also set to grow at 4.7% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $105.6 Million in 2023, and China, forecasted to grow at an impressive 7.5% CAGR to reach $122.4 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Global Grapefruit Oil Market such as Ambre Blends, Ancient Healing Oils, Aromaaz International Natural Essential Oils, Aubrey Organics, AVI Naturals and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 98 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $400.1 Million |
| Forecasted Market Value (USD) by 2030 | $557.4 Million |
| Compound Annual Growth Rate | 4.8% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Grapefruit Oil - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Increased Adoption of Grapefruit Oil in Aromatherapy Expands Addressable Market
- Surge in Demand for Grapefruit Oil in Skincare and Personal Care Products Fuels Market Growth
- Growing Focus on Grapefruit Oil for Anti-Inflammatory and Antioxidant Properties Strengthens Business Case
- Rising Use of Grapefruit Oil in Food and Beverage Industry Sets the Stage for Market Growth
- Surge in Adoption of Grapefruit Oil in Natural Fragrances and Perfumes Expands Market Opportunities
- Growing Demand for Grapefruit Oil in Dietary Supplements and Nutraceuticals Expands Addressable Market
- Rising Focus on Grapefruit Oil for Detoxification and Weight Management Fuels Market Demand
- Growing Use of Grapefruit Oil in Household Cleaners and Disinfectants Strengthens Business Case
- Surge in Demand for Grapefruit Oil in Flavoring and Culinary Applications Expands Market Opportunities
- Surge in Adoption of Grapefruit Oil in Stress Relief and Mood Enhancement Products Expands Market Growth
FOCUS ON SELECT PLAYERS:Some of the 52 companies featured in this Global Grapefruit Oil market report include
- Ambre Blends
- Ancient Healing Oils
- Aromaaz International Natural Essential Oils
- Aubrey Organics
- AVI Naturals
- Botanic Spa Flora Oil
- BrownBoi
- Clamor
- Deve Herbes
- Florihana Distillerie
- India Essential Oils
- Kazima Perfumers
- Moksha Lifestyle Products
- Mystic Moments UK
- Naissance Trading and Alabama Essential Oil Company.
- NOW Health Group Inc.
- PRZ
- Riya Agro Products
- Rocky Mountain Oils LLC
- VedaOils
For more information about this report visit https://www.researchandmarkets.com/r/nqkvmf
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
