Published on : Feb 11, 2020
A recent market research report added in the vast research report repository of ResearchMoz that talks about the global orange oil market and its overall working dynamics. This report of the orange oil market offers comprehensive analysis, market shares, key trends, opportunities, and driving and restraining factors that are influencing the growth of the market. Along with in-detail market segmentation, the research report offers key insights and information that are imperative for devising decisive marketing strategies.
The orange oil is an aromatic essential oil extracted from an orange peel using the cold pressing technique. It is usually utilized in the food and beverage industry as a flavoring substance and is commonly used in the cosmetic industry to enhance the aroma of the products. Orange oil is a natural product that is known for its antidepressant, antispasmodic, and carminative properties. Increasing awareness regarding aromatherapy and the growing inclination of consumers towards natural products is leading to a significant increase in the demand for orange oil in the global orange oil market.
The global orange oil market is expected to attain a notable growth in the coming years of the given forecast period of 2019 to 2025. There are multiple factors that are helping to drive the growth of the global orange oil market. The primary factor is the rise in disposable income, which is fueling the growth of consumers that are willing to spend on natural cosmetics, fragrances, and premium beauty products in the market. An upsurge in the application of orange oil in therapeutics, food and beverages, toiletries, cleaning and home, aromatherapy, personal care products, fragrances, etc. is another factor that is contributing to the progressive growth of the market. There has also been a substantial rise in the use of orange oil in the hospitality sector owing to the increasing demand for aromatic fragrance oils for rejuvenating the surroundings.
However, the global orange oil market may not be able to reach its highest potential owing to the decline in crop size, which is adversely affecting the quantity of the fruit available for processing the essential oil. The researchers and manufacturers are attracting the attention of the animal feed industries towards orange oil to address the issues regarding the overuse of chemical antibiotics in animal feed, thus opening up new avenues for the market to flourish further.
The global orange oil market is segmented on the basis of the type of product, source, application, and region. This segmentation allows the readers with a comprehensive synopsis of the global market and gives elaborate details about the overall operational dynamics of the same.
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In terms of type of product, the global orange oil market is further segmented into bitter orange oil, sweet orange oil, orange bosom oil, and petit grain oil. The segment of bitter orange oil of the global orange oil market is expected to show a favorable rate of development in the coming years of the forecast period.
In terms of application, the global orange oil market is further segmented into therapeutics, food and beverage, aromatherapy, toiletries, cosmetics, cleaning and home, fragrances, and others. Of these, the food and beverages segment of the global orange oil market is expected to gather pace in the coming years of the forecast period. The growing popularity of using orange oil for not only its flavor but also its functional properties is expected to progress more in the near future.
In terms of regional segmentation, the global orange oil market has five major regions. These regions are North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Of these, the regional segment of Europe is expected to be a major contributor to the progress of the global orange oil market.
Some of the leading companies in the global orange oil market include names such as Biolandes, Symrise AG, Citromax S.A.C.I., Florihana, Mountain Rose Herbs, Aksuvital, Citrosuco Paulista SA, Ultra International B.V., and Young Living Essential Oils among others.