The global Citrus Oil Market was valued at US$ 2,839.0 Mn in 2017, according to Citrus Oil Market Report, By Oil Type (Orange Oil, Lemon Oil, Lime Oil, Grapefruit Oil, and Others), By Application (Food & Beverages, Personal Care & Cosmetics, Aromatherapy, Pharmaceuticals, and Others), published by Coherent Market Insights. The citrus oil market is projected to reach US$ 4,712.5 Mn by 2026, exhibiting a CAGR of 6.67% during the forecast period.
Rising awareness regarding the health benefits of natural ingredients over synthetic chemicals is fuelling growth of the market. Citrus oil is widely used in various industries such as food & beverages, pharmaceuticals, cosmetics & personal care, and for aromatherapy. Increasing cases of skin allergies due to synthetic chemicals, is propelling demand for natural ingredients in the cosmetic & personal care products and thus, supporting the market growth.
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For instance, according to Center for Disease Control and Prevention (CDC), there were about 11.6% children aged below 18 years suffering from skin allergies in 2014 in the U.S. Rising prevalence of skin diseases in the region is expected to increase the adoption of natural ingredients over synthetic chemicals such as benzophenone, butylated hydroxytoluene (BHT), and benzyl salicylate among others, in cosmetics and toiletries.
Increasing awareness regarding the harmful effects of synthetic chemicals over human health is supporting the growth of citrus oil market worldwide. For instance, butylated hydroxytoluene is responsible for irritation to the eye and skin.
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