Global Orange Essential Oil Market Overview:
Essential oils refer to concentrated oils which are derived from plants. The rind of the sweet orange, Citrus sinensis, is used to extract the orange essential oil. This is accomplished by a process known as cold pressing, which involves applying pressure to the rind to extract the oils. The orange plant's leaves and flowers may also be used in some cases. There are several health applications for orange essential oil like reducing stress treat skin conditions like acne, reduce pain or inflammation. Orange essential oil is also used as a flavoring agent in foods. Orange essential oil slows the rate of skin damage caused by UV penetration and contamination due to its antioxidant properties. With increasing awareness about health; the demand for orange essential oil is increasing.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Research on Orange Essential Oil to Understand Its Health Benefits
Market Growth Drivers:
Increasing Demand for Orange Essential Oil Due to Its Medical Properties and Growing Use of Orange Essential Oil as A Natural Household Cleaner
Challenges:
Orange Essential Oil Could Have Side Effects in Some Individuals
Restraints:
Lack of Awareness About the Health Benefits of Orange Essential Oil
Opportunities:
Newfound Use of Orange Essential Oil in Perfumes and Growing Demand for Orange Essential Oil from North America
Competitive Landscape:
With increasing health awareness about health and natural products; the demand for orange essential oil is increasing. The price of oil is dependant on two key factors, price of sweet orange and supply chain management. The market is fragmented and thus does not have any market leader. Local players dominate in this market. As the product is more or less identical the customer tends to buy the cheapest product. In this case, marketing is necessary to survive the competition. There are no barriers to entry into this market.
Some of the key players profiled in the report are Young Living Essential Oils (United States), Doterra International LLC (United States), Ultra International B.V. (United States), LemonConcentrate (Spain), Spark Naturals (United States), Australian Botanical Products (Australia), Kama Ayurveda (India), Moksha Lifestyle Products (India), Plant Therapy Essential Oils (United States), NOW foods (United States) and Gya Labs (United States). Considering Market by Nature, the sub-segment i.e. Organic will boost the Orange Essential Oil market. Considering Market by Sales Channel, the sub-segment i.e. Supermarkets will boost the Orange Essential Oil market. Considering Market by End User, the sub-segment i.e. Food and Beverages will boost the Orange Essential Oil market.
In March 2021, Gya Labs introduced a new line of essential oils to its portfolio of aromatherapy products. Building on its existing portfolio of pure essential oils, organic essential oils, Gya Labs has now launched these oils for wellness needs like stress relief, improving sleep quality. The oil has a blend of sweet orange, lemongrass, and rose.
What Can be Explored with the Orange Essential Oil Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Orange Essential Oil Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Orange Essential Oil
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Orange Essential Oil market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Orange Essential Oil market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Orange Essential Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.