Citrus Oils Market 2024-2028: Size and Increase in availability of substitute products; growth driven by the Application, Some of key Companies Positioned Strategically

The citrus oils market size by Application (Food and beverages, Pharmaceuticals and cosmetics, and Others) and Geography (Europe, North America, APAC, South America, and Middle East and Africa), is forecast to increase by USD 944.8 million. The market is expected to grow at a CAGR of   4.5% between 2024 and 2028.

• In the citrus oils market, the proliferation of substitute products poses a significant challenge to market growth. Eucalyptus oil, tea tree oil, ginger oil, lemon eucalyptus oil, basil oil, and mandarin orange oil are among the alternatives currently available. Eucalyptus oil, in particular, is gaining popularity due to its perceived health benefits and similarities to citrus oils such as lime and lemon. Its antimicrobial properties make it a common choice for home disinfection and an ingredient in natural air fresheners and surface cleaners. Eucalyptus oil's antifungal and antiseptic properties are comparable to those of citrus oils, further increasing its appeal to consumers.
• The Citrus Oils Market represents a significant business opportunity due to the increasing demand for natural ingredients in various industries. Key players in this market include D.O.P. Citrus from Spain, Citromax from the USA, and Azarab S.A. from Argentina. These companies leverage advanced technologies to extract high-quality citrus oils, catering to sectors such as food and beverage, perfumes and cosmetics, and pharmaceuticals. The market is expected to grow steadily due to rising health consciousness and the versatility of citrus oils in diverse applications.

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Some of the Key Companies:

• Archer Daniels Midland Co.
• Aromaaz International
• BONTOUX SAS
• CITROMAX
• Citrosuco
• Citrus and Allied Essences Ltd.
• Citrus Oleo
• Dohler GmbH
• doTERRA International LLC
• Edens Garden
• Firmenich SA
• Givaudan SA
• Lionel Hitchen Ltd.
• Mountain Rose Herbs
• Plant Therapy
• Symrise AG
• Takasago International Corp.
• TREATT Plc
• Ultra International BV
• Young Living Essential Oils LC

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