According to the latest report published by Fact.MR, the global orange oil market will surpass a valuation of USD 2,012 million by 2022 and expand at a moderate CAGR over the forecast period (2017-2022). Orange oil is a cold-pressed natural oil that is obtained from citrus fruits (orange fruit). Orange oil contains 90% or more D-limonene and is therefore often used as a substitute for pure D-limonene. Modern consumers are more likely to use herbal or natural products rather than products made with synthetic ingredients because of the increasing risk of various long-term side effects.
Orange oil contains various herbal properties and usually doesn’t have serious effects. Therefore it is a high quality ingredient for the manufacture of wellness, food and cosmetic products. For this reason, orange oil is used as the main ingredient in various premium wellness products. In addition, it is also used for food flavorings and aromatic therapies. Some theories suggest that orange oil scent has carminative, antispasmodic, and antidepressant properties. As such, factors are likely to fuel demand for orange oil over the next few years. Rising disposable income and rising living standards are some of the additional factors that should influence the growth of the market. However, a high price for orange oil often makes it a luxury product.
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Orange Oil Market Taxonomy
| Product Type | Source type | application | Distribution channel |
| Bitter orange oil | Naturally | Therapeutics | Modern trade |
| Sweet orange oil | Bio | Aromatherapy | Franchise outlets |
| Orange breast oil | Food & drinks | Specialty stores | |
| Petit Grain Oil | cosmetics | On-line | |
| Toiletries | |||
| Scents | |||
| Cleaning & home | |||
| Other |
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Below are the most important predictions from Fact.MR’s forecast for the global orange oil market.
- Among the regions, Europe is likely to remain the most lucrative market for orange oil in the forecast period. This is primarily due to the presence in the region of a large pool of premium consumers looking for high quality beauty and wellness products, fragrances and natural cosmetics. The region is expected to have a share of sales of over a third by the end of 2017.
- By product type, the bitter orange oil segment is expected to have a relatively higher market share than other variants in the forecast period. Bitter orange oil is usually obtained by cold pressing and is used to make various skin care products. Sales of sweet orange oil are also likely to increase over the next five years. In terms of sales, sweet orange oil sales currently account for almost 23% of the world market share.
- Between organic and natural oil, demand for the latter is likely to remain significantly high in 2017 and beyond. The increasing use of orange oil in therapeutics, foods and beverages, toiletries, aromatherapy, cleaning, and household and fragrance products is proving beneficial to the future prospects of the market.
- According to sales channels, the modern retail segment is expected to account for a share of sales of over 44% in the market by the end of 2017 and is expected to remain dominant during the entire assessment period.
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The European orange oil market is expected to show remarkable growth over the forecast period. This is mainly due to the existence of a large pool of consumers willing to spend on premium beauty products, natural cosmetics and fragrances. In terms of sales, it is estimated that the region will account for more than a third of the global market share by the end of 2017.
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