Citrus Essential Oil Market Inclined to Deliver Positive Growth Results until 2028
Verfasser: ashwani_kailiya on Tuesday, 14 January 2020Citrus essential oils market continues to witness widespread adoption in multiple industrial applications, ranging from cosmetics and health care, to food and beverages. Aromatherapy is another application area of citrus essential oils where demand remains significant in light of their effective therapeutic attributes. According to a recent analysis by Fact.MR, the citrus essential oils sales increased by over 3000 tons in 2018 over 2017. The Fact.MR report further tracks the citrus essential oils market for the period 2018-2028. According to the report, the citrus essential oils market is projected to grow at 4.1% CAGR through 2028.
The study opines sales of citrus essential oils manufactured using grapefruits to witness relatively faster momentum, as chemical constituents of grapefruit are sought-after across various industries. Grapefruit-derived citrus essential oil sales are expected to grow 2X faster than their counterparts in 2019. Additionally, health benefits of grapefruit essential oils such as weight loss, improved immunity, and alleviation of stress, has led its adoption among producers of the citrus essential oils in line with increased consumer affinity for such products.
Consumption Remains Robust in F&B Sector