The global orange essential oil market is experiencing a significant growth, and is anticipated to continue the same trend in the next few years, owing to rise in demand for natural additives and increase in health consciousness. Orange essential oil is extracted from the rind of orange fruit. Orange essential oil is extracted by using a method known as cold pressing that uses pressure to squeeze the orange oil from rind. Occasionally, orange plant leaves and flowers can be used to extract oil. Orange essential oil is applied to give various beverages such as smoothies, shakes, and juices a tempting and sweet orange flavor and to impart the orange flavor to various bakery and confectionery products such as pastries, chocolates, muffins, and cookies. In addition, it is used as a fragrance ingredient in various cosmetics and food & beverages.
The worldwide outbreak of COVID-19 has led to serious consequencesin all the economic sectors. The COVID-19 outbreak has created medical emergency, due to which the demand for food items, hygiene products, and medical productsis increasing. Moreover, during this pandemic, the sales of traditional, healthy, and staple food items has increased considerably. Frozen non-veg food, fruits& vegetables, eggs, pulses, flour, and whole grains are further experiencing increased demand. However, nonessential products such as packaged foods, coffee, pastries, milkshakes, sweets, chocolates, cheese, and other bakery products have witnessed decline in their sale, due to which the demand for orange essential oil in packaged and processed food industries has declined. Moreover, decline in cosmetics and personal care products has decreased the usage of orange essential oil in manufacturing of these products. In addition,lockdown imposed across various countries has hampered the production and supply chain of cheese manufacturers. Furthermore, the consumer buying behavior may change permanently post COVID-19. On the contrary, companies have to build robust sales plan for recovery, for instance, they might have to adopt e-commerce platform and omnichannel in their supply chain.
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
Increase in demand for natural additives in the food &beverage industry is key driver of the global orange essential oil market. In addition,rise in health consciousness among general public is fueling the demand for products made from chemical-free flavors and ingredients, which resulted in increased usage of orange essential oils.
Moreover, wide application of orange essential oil in various industries due to its health benefits and nutrients is driving the growth of the market and supporting the market to remain profitable in future. It is widely used in the food &beverages, dietary supplements, and pharmaceutical industries. In addition, orange essential oil is used in the manufacturing of body lotions, hair oils, face creams, bathing soaps, and other cosmetic &personal care products.
The global orange essential oil market trends are as follows:
Fluctuating limonene price is restraining the market growth
The production and supply of citrus fruits such as oranges, lemons, and lime among other have been declining from past few years. This decline of orange fruits has created shortage of raw materials for the production of orange essential oil;thus, the price of various orange essential oils is experiencing frequent fluctuation, which is the major challenge that companies are facing in the market.
Key benefits of the report
- This study presents the analytical depiction of the global orange essential oil industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global orange essential oil market share.
- The current market is quantitatively analyzed to highlight the global orange essential oil market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years.
Questions answered in the global orange essential oil market research report:
- Which are the leading players active in the global orange essential oil market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps?
Orange Essential Oil Market Report Highlights
By Distribution Channel
Key Market Players
Florihana, Spark Naturals, Ungerer & Company, NOW foods, Australian Botanical Products, Moksha Lifestyle Products, Doterra International, LLC, Young Living Essential Oils, Kama Ayurveda, LemonConcentrate, Falcon, LorAnn Oil, Cutrale, Melaleuca Inc., Ultra International B.V., Aura Cacia, Mountain Rose Herbs, Plant Therapy Essential Oils