Dublin, April 24, 2024 (GLOBE NEWSWIRE) -- The "Citrus Oils - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Citrus Oils estimated at US$3.8 Billion in the year 2023, is projected to reach a revised size of US$5.5 Billion by 2030, growing at a CAGR of 4.6% over the analysis period 2023-2030. Orange Oil, one of the segments analyzed in the report, is expected to record 4.6% CAGR and reach US$2.4 Billion by the end of the analysis period. Growth in the Lemon Oil segment is estimated at 5.2% CAGR for the next 8-year period.
The analysis presented covers various sectors of the cosmetics and personal care industry, including home care, therapeutic massage oils, citrus oils, and other applications, alongside food and beverage. It examines sales data across different geographic regions from 2014 to 2030, highlighting recent trends, historical performance, and future projections. The focus is on market dynamics, such as annual sales figures in US$ million, and compound annual growth rates (% CAGR), providing insights into the evolving landscape of these industries worldwide.
The U.S. Market is Estimated at $1 Billion, While China is Forecast to Grow at 7.1% CAGR
The Citrus Oils market in the U.S. is estimated at US$1 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.6% and 3.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.
Report Features:
- Full access to influencer engagement stats
- Access to digital archives & research platform. This proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
- Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
- Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
- Complimentary report updates for one year
- Competitor coverage with global market shares of major players
- Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
- Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes
Select Competitors (Total 41 Featured):
- Bontoux S.A.S.
- Citromax
- Citrus and Allied Essences Ltd.
- Citrus Oleo
- doTERRA International
- Lionel Hitchen Limited
- Mountain Rose Herbs
- Symrise AG
- Young Living Essential Oils
Key Attributes
| Report Attribute | Details |
| No. of Pages | 323 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $3.8 Billion |
| Forecasted Market Value (USD) by 2030 | $5.5 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/e10ssi
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