Press release
Citrus Oils Market Growing at 4.9% CAGR by 2026, Globally
A study conducted by Persistence Market Research (PMR) identifies that the global market for citrus oils is set to reach US$ 4,353.8 Million by the end of 2026, riding on a modest CAGR of 4.9%.
“The growing prominence of aromatherapy is identified as a primary factor driving the global citrus oils market. Such therapies are applied in rejuvenating, relaxing and treating certain minor health disorders. Increasing popularity of aromatic oils and therapeutics is largely attributed to shifting preference for convenient, harmless, and natural alternatives over traditional allopathic solutions. Hence, higher consumer interest in aromatherapy is translating into great yields in citrus oils market”. – PMR
Based on oil type, the orange oil will remain as the predominant segment and is estimated to reach a market valuation of US$ 2,649.5 Million by the end of forecast period. Amongst other oil types, lemon oil is projected to witness a healthy growth, accounting for nearly 11% share of the market in term value over 2026.
The global citrus oils market growth will be majorly influenced by the growing supply of citrus oils from developing regions due to the low cost of production. Moreover, the extensive demand for citrus flavors in food and beverage products in recent years is further propelling the market growth.
Bottlenecks
As citrus oils find more application in the F&B sector, concerns over their preservation and quick perishable nature are limiting their use to a certain extent. The risk of citrus greening disease and increasing use of synthetic chemicals to preserve citrus oil products are seen as major market hindrances. In addition, low awareness in emerging countries is anticipated to further restrict the market growth during the forecast period.
A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/11143
While North America will continue to hold the top spot, the markets in Latin America and Asia Pacific will register exponential gains. In 2015, Asia Pacific accounted for 14.1% market share and is expected to gain 60 BPS to capture 14.6% market share by 2026. In terms of volume, Asia Pacific is expected to register a strong CAGR during the forecast period. Whereas, Latin America is expected to account for of 9.0% share of the market by end of the assessment period.
Request to view table of content @ http://www.persistencemarketresearch.com/market-research/citrus-oil-market/toc
The PMR report delivers key insights on some of the top players competing in the global citrus oil market. Few these players include Symrise AG, Lionel Hitchen (Essential Oils) Ltd, Bontoux S.A.S., Citrus and Allied Essences Ltd., Young Living Essential Oils LC, Citrus Oleo, Mountain Rose Herbs, Inc., doTERRA International, LLC., Citrosuco Paulista SA, and Citromax S.A.C.I.
To Buy Full Report for a Single User @ http://www.persistencemarketresearch.com/checkout/11143
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Citrus Oils Market Growing at 4.9% CAGR by 2026, Globally here
News-ID: 430210 • Views: …
More Releases from Persistence Market Research
Compostable Pouch Market to Grow from US$238 Million in 2024 to US$344 Million b …
The global compostable pouch market is experiencing significant growth, driven by increasing consumer demand for sustainable packaging solutions and stringent regulations on plastic waste. This article explores the factors contributing to this growth, the market's segmentation, and the key players shaping the industry's future.
According to Persistence Market Research, the global compostable pouch market is forecast to expand at a compound annual growth rate (CAGR) of 5.4%, increasing from an estimated…
PDC Drill Bits Market to Reach US$5.7 Billion by 2031 with 4.6 Percent CAGR Key …
The Polycrystalline Diamond Compact drill bits market has been witnessing notable growth over recent years, driven by the increasing demand for efficient drilling solutions in the oil, gas, and mining industries. PDC drill bits, recognized for their durability and high performance, are widely used for both conventional and unconventional drilling applications. The global energy sector's evolution, technological advancements, and rising exploration activities are key factors shaping the market trajectory. This…
Blister Packaging Market Growth Driven by Rising Demand for Secure and Sustainab …
The global blister packaging market is witnessing significant expansion as industries increasingly prioritize product protection, tamper resistance, and sustainability. According to the latest study by Persistence Market Research, the global blister packaging market size is likely to be valued at US$24.7 Bn in 2025 and is estimated to reach US$39.7 Bn by 2032, growing at a CAGR of 7.0% during the forecast period of 2025-2032. The growing adoption of blister…
Clamshell Labelling Machines Market Driven by Rising Food Packaging Demand to Re …
Clamshell Labelling Machines Market Driven by Rising Food Packaging Demand to Reach US$339.6 Mn by 2031
According to the latest study by Persistence Market Research, the global clamshell labelling machines market is projected to grow steadily at a CAGR of 4.4% between 2024 and 2031. The market is expected to rise from an estimated US$251.2 million in 2024 to approximately US$339.6 million by 2031. This growth is primarily fueled by the…
More Releases for PMR
Starch Derivatives Market Outlook by 2021 : PMR
Starch derivatives, also known as modified starch, are prepared by enzymatically, physically or chemically treating native starch to alter its properties. Starch derivatives are used in a number of industries for various functions. They are used as thickeners and stabilizers in the food and beverage industry, as a tablet binder in the pharmaceutical industry, as an emulsifier in cosmetics, and fiber additive in the animal feed. Some of the other…
Yeast Ingredients Market Outlook by 2021 : PMR
Yeasts are chemoorganotrophs, as they use organic compounds to source energy and do not require sunlight for growth or survival. Yeasts are usually unicellular; although some species may be multi-cellular. The size of yeast depends on the species. Yeasts usually measure 3 to 4 µm in diameter. However, certain yeasts reach up to 40 µm in diameter. Yeasts reproduce asexually through mitosis (a process, in which, the chromosomes in a…
Confectionery Market Outlook by 2021 : PMR
The confectionery market is one of the growing sectors globally . Usually, confections are low in nutrients and high in calorie. Sugar-free confections are gaining popularity in the recent years due to factors such as increasing obesity rate, increasing number of diabetic patients, increasing nutritional and health concerns, and changing lifestyle. The confectionery market can be primarily divided into two broad categories: sugar confectionery and bakers’ confectionery . Sugar confectionery…
Cereal Bars Market Outlook by 2021 : PMR
A cereal bar is made up of nuts, oats, sugar, dry fruits, flour, honey, wheat, corn, and puffed rice. Cereal bars have always been perceived as on-the-go breakfast snack items that are healthier alternatives of chocolate and other snacks. Cereal bars are high in fiber and protein and low in carbohydrates, vitamins, minerals, sodium, and antioxidants. They come in various flavors such as chocolate, peanut butter, banana, caramel, banana, honey,…
Functional Flours Market Share by 2026 : PMR
The natural flours used for specialty applications in the food industry and undergoes different treatment process to improve their properties are called functional flours. The various properties of functional flours include cold binding capacity, thermal binding capacity, machinability, dough hydration etc. The functional flours are classified as waxy, multi-benefit, instant and granulated type depending on its features. They undergo different physical and nutritional treatment to enhance its features. In dietary…
Global Ceilings Market Snapshot by 2020 : PMR
Ceiling is overhead interior portion within the room which covers the upper portion of the room. Main purpose of ceiling is to achieve the desired height of the roof in the room. Ceilings are frequently decorated with attractive paintings, mosaic tiles and other different designs. Major advantage of decorated ceiling is that it gets protected from damage by fingers and dust. There are certain ceilings which are fire resistance; dropping…
