Citrus Oil Market Industry Growth & Size Post Covid-19

 


Citrus Oil is a type of essential oil and is widely used in aromatherapy and this includes orange, lime, grapefruit, lemon, and bergamot essential oil. Most of the citrus oil is extracted through a cold-pressed process but it can be distilled through the extraction of essential oil. Moreover, citrus oil also contains anti-oxidant properties that help to neutralize free radicals and relieve stress. Citrus oil offers numerous health benefits as they are rich in limonene. Citrus oil enhance mood and balance emotional status by working on the brain chemical and hormones.


The global citrus oils market is projected to reach US$ 4.5 billion by the end of 2027, in terms of revenue, growing at CAGR of 5.2% during the forecast period 2019 to 2027 .



By Citrus Oil Market Report, factors such as, changing consumer lifestyle and increasing spending on leisure and relaxation, and increased number of spas and massage centers, particularly in the developing regions like Asia Pacific and Middle East and Africa, are expected to drive the demand for citrus oils. Growing demand for plant-based extracts in food and beverages, cosmetics, and pharmaceuticals among others is projected to fuel the market growth over the forecast period. Rising awareness regarding the benefits of plant-based products is anticipated to positively influence the demand in the near future.


The Citrus Oil Report demand for cleansing products, especially of the citrus flavor, has been witnessing a rise. Limonene is a key component of citrus oils, and imparts several of the beneficial properties associated with citrus oil. Limonene can be a replacement for several other solvents such as mineral spirits, toluene, acetone, and glycol ethers.


The global impact of COVID-19 hit massive sales drops in the food and beverage industry. During the lockdown, closure of the supermarket and departmental store cause a decline in sales and revenue of the other products to an indirect impact on the citrus oil market. The Post-COVID will positively impact on the citrus oil market, people will prefer more organic and natural products for health benefits, which is made from plan-based and herbs.

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