Orange Essential Oil Market: Overview
Orange essential oil is an aromatic extract obtained from the peel of the orange fruit. The peel obtained from orange juice production is used to produce essential orange oil through cold pressing. Orange essential oil is used in the food and beverage industry to add a natural orange flavor to beverages, candy, desserts, and various baked goods and confectionery. The cosmetic industry uses orange essential oil extensively in soaps, body lotions, anti-aging and anti-wrinkle products, and various creams. Because of its soothing and antidepressant properties, orange essential oil is increasingly used in aromatherapy. Orange essential oil is also used in household and personal care products such as room fresheners, deodorants, and sprays. The use of essential orange in cosmetics and aromatherapy is expected to increase over the forecast period.
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Orange Essential Oil: Market Outlook
The demand for orange essential oil in the Asia-Pacific region and Europe is expected to increase at CAGRs of 6.0% and 5.0%, respectively, over the forecast period. The increasing demand for products with natural ingredients, as well as the increasing use of natural home care and cosmetics by consumers with changing lifestyles and increasing per capita incomes, are driving the growth of the orange essential oils market in Europe and the Asia-Pacific region.
Growing consumer preferences for natural ingredients
Increasing consumer awareness of increasing health problems due to the use of products with added chemicals and flavorings is drawing consumer attention to natural products. Orange essential oil is a natural ingredient used to impart exotic tastes and aromas to various foods, cosmetics, and household care products. The trend of “switching to organic and natural formulations” is increasing and is expected to increase in the years to come. Therefore, it is expected that the demand for products with natural ingredients such as orange essential oil will increase during the forecast period.
Increasing the traction of orange essential oil in foods and beverages
Orange essential oil is used in foods and beverages to add a fruity taste to various food products such as beverages, baked goods, confectionery, and carbonated beverages. The increasing popularity of orange essential oil in foods and beverages is due not only to its taste, but also to its functional properties. The increasing demand for fortified and value-adding foods is fueling the use of orange essential oil in the food and beverage industry because of its taste as well as its nutritional values such as vitamin C, which is expected to boost demand for orange essential oil over the forecast period.
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Intense growth in the organic essential orange oil segment
Among the natural segments of the orange essential oil market, the organic essential orange oil segment is expected to see the highest growth rate of around 6.1% as consumers have a greater preference for chemical-free natural ingredients. However, the conventional orange essential oils segment had the highest market share in 2017 due to its lower cost and accessibility.
Increasing use of orange essential oil in aromatherapy
Aromatherapy is the use of the flavors of various ingredients to treat various physical and emotional conditions. Various mental and physical health benefits are attributed to the aroma of natural and therapeutic oils. Orange essential oil is used in aromatherapy in a number of ways, such as: As inhalation, perfume, bathing, massage, etc. The demand for orange essential oil is increasing due to the increasing tendency of consumers to look for natural alternatives to synthetic allopathic treatments. Growing consumer interest in aromatherapy is a major driver of the orange essential oils market.
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Use of orange essential oil in animal feed
Poultry and pig feeds are often spiked with excessive chemical antibiotics to reduce the growing disease that hinders production. Growing concern about the negative effects of overuse of chemical antibiotics in animal feed has led to a new approach to using a natural bioactive compound such as orange essential oil. Thus, orange essential oil is an alternative to chemical antibiotics in the Japan region that has attracted researchers and manufacturers, opening up new opportunities for the orange essential oil market in the feed industry.
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