Grapefruit Oil Market
Grapefruit Oil Market Forecasts to 2030 - Global Analysis By Type (White Grapefruit, Red Grapefruit, Pink Grapefruit, Yellow Grapefruit and Other Types), Source (Natural, Organic and Other Sources), Form (Absolute, Concentrates, Blends and Other Forms), Distribution Channel, Application, End User and by Geography
According to Stratistics MRC, the Global Grapefruit Oil Market is accounted for $400 million in 2023 and is expected to reach $642.31 million by 2030 growing at a CAGR of 7.0% during the forecast period. Renowned for its revitalizing and invigorating qualities, grapefruit oil is an essential oil derived from citrus fruits. This oil is extracted from the grapefruit (Citrus paradisi) peel and has a tangy and sweet scent that awakens the senses. Grapefruit oil is known for its possible health benefits in addition to its pleasant scent. In aromatherapy, it's frequently used to reduce stress, elevate mood, and encourage mental clarity. Furthermore, it's thought that grapefruit oil has antioxidant qualities and can be applied topically to support skin when diluted.
According to the American Heart Association, maintaining a healthy lifestyle that includes regular physical activity and a balanced diet is crucial for cardiovascular well-being.
Market Dynamics:
Driver:
Growing consumer interest in natural and organic products
The market for grapefruit oil is expanding as a result of consumers' growing inclination toward natural and organic goods, especially in the wellness and personal care industries. Grapefruit oil is a refreshing and aromatic option that appeals to people who are becoming more aware of the ingredients in their skincare and beauty products. Moreover, the demand for grapefruit oil is increased by the move towards more natural formulations and sustainable sourcing, which complements the oil's inherent qualities.
Restraint:
Seasonal variability and limited production regions
The small geographic areas where grapefruit cultivation is feasible represent a major barrier to the grapefruit oil market. Because grapefruits are climate-specific and are produced primarily in a few areas, weather-related events may cause supply chain disruptions. Furthermore, the cyclical nature of grapefruit harvesting introduces unpredictability into oil production, which affects pricing and availability consistently.
Opportunity:
Growing interest in aromatherapy and wellness items
Aromatherapy and wellness products have become increasingly popular due to the growing emphasis on mental well-being and holistic health. With its stimulating and calming qualities, grapefruit oil is ideally positioned to meet this need. Additionally, businesses that specialize in aromatherapy and wellness products can investigate novel formulations and delivery techniques to integrate grapefruit oil, reaching a market segment that appreciates natural remedies for stress relief and mood improvement.
Threat:
Agricultural vulnerability and climate change
The agricultural conditions necessary for the successful cultivation of grapefruits can be impacted by climate change, which presents a serious threat to the grapefruit oil industry. Moreover, temperature variations, erratic weather patterns, and an increase in the frequency of extreme events like hurricanes can all have an effect on crop yields and total production. Due to this vulnerability, the industry is vulnerable to possible disruptions in supply, which could have an impact on the amount and quality of grapefruit oil.
Covid-19 Impact:
The COVID-19 pandemic has had a major effect on the grapefruit oil market, upsetting supply chains and changing consumer behaviour. The demand from sectors like wellness, cosmetics, and perfumery has decreased as a result of lockdowns, travel restrictions, and economic uncertainty. The availability of grapefruit oil has been impacted by production challenges, such as labor shortages and logistical problems. But the growing emphasis on health and wellbeing has also boosted demand for natural products and aromatherapy, opening up a possible path for the market to recover. Furthermore, resilience in the industry will hinge on its ability to adjust to changing consumer preferences, maintain a stable supply chain, and manage the pandemic's ongoing economic effects.
The Red Grapefruit segment is expected to be the largest during the forecast period
Due to its strong flavor profile and unique scent, the red grapefruit category commands the largest market share for grapefruit oil. Red grapefruits are a popular choice for oil extraction because of their distinctive fragrance and higher oil content. They are distinguished by their deep red or pink flesh. Red grapefruit essential oil is highly used in the fragrance, cosmetics, and aromatherapy industries, which helps explain its market dominance. Moreover, red grapefruit oil is a major player in the grapefruit oil market due to its versatility and the preference of consumers for its strong, citrusy notes. Its uses range from therapeutic blends to skincare products and perfumes.
The Aromatherapy segment is expected to have the highest CAGR during the forecast period
The grapefruit oil market's aromatherapy segment is projected to have the highest CAGR. The rise in popularity of aromatherapy can be attributed to the increased focus on stress relief and holistic wellness in recent times. Because of its energizing and refreshing scent, grapefruit oil is widely used in aromatherapy procedures. The aromatherapy industry has seen a rise in the use of grapefruit oil due to its therapeutic qualities, which include promoting relaxation and elevating moods. Additionally, the aromatherapy application of grapefruit oil is anticipated to grow steadily, contributing significantly to the overall growth of the grapefruit oil market as consumers look for natural and calming solutions for mental well-being.
Region with largest share:
It is projected that the grapefruit oil market will have the largest share in the European region. Grapefruit oil is readily available due to the substantial contributions made by European nations, such as Spain and Israel, to the cultivation and production of grapefruit. Growing consumer preferences for natural and organic products are driving the grapefruit oil market in Europe, where it is in high demand across a range of industries, including wellness, cosmetics, and perfumery. Furthermore, the popularity of grapefruit oil in Europe is also attributed to the region's well-established essential oil market and emphasis on environmentally friendly and sustainable practices.
Region with highest CAGR:
The Asia-Pacific region exhibits the highest CAGR in the grapefruit oil market. The substantial growth of grapefruit oil in this region can be attributed to the growing demand for aromatherapy and cosmetics, as well as the growing awareness of natural and wellness products. A growing middle class and an emphasis on holistic health and personal care are driving the use of natural essential oils, such as grapefruit oil, in countries like China and India. Moreover, the Asia-Pacific market is a hub for grapefruit oil production because of the region's abundant biodiversity and citrus farming potential.
Key players in the market
Some of the key players in Grapefruit Oil market include Young Living, Symrise AG, Citromax Flavors Inc, AFU, CAMENAE, Aura Cacia, Pretty Valley, Jcare, Do Essential Oils Inc, PBA, Oshadhi, OLDLAND and Vivi's Secret.
Key Developments:
In October 2023, Symrise AG has increased its holdings in Kobo Products Inc., increasing its stake to 49%. The transaction creates further opportunities for both companies in the fields of mineral UV filters and decorative cosmetics. The company's partnership with Kobo began in 2021. This second investment and the related increase of the Symrise holding includes an agreement on the future disposition of shares of Kobo´s capital stock and the governance of Kobo.
Types Covered:
• White Grapefruit
• Red Grapefruit
• Pink Grapefruit
• Yellow Grapefruit
• Other Types
Sources Covered:
• Natural
• Organic
• Other Sources
Forms Covered:
• Absolute
• Concentrates
• Blends
• Other Forms
Distribution Channels Covered:
• Supermarkets/Hypermarkets
• Convenience Stores
• Specialty Stores
• Pharmaceuticals
• Online Retail
• Other Distribution Channels
Applications Covered:
• Therapeutics
• Aromatherapy
• Food & Beverages
• Cosmetics
• Toiletries
• Fragrances
• Cleaning & Home
• Other Applications
End Users Covered:
• Household Care
• Healthcare
• Personal Care
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Grapefruit Oil Market, By Type
5.1 Introduction
5.2 White Grapefruit
5.3 Red Grapefruit
5.4 Pink Grapefruit
5.5 Yellow Grapefruit
5.6 Other Types
6 Global Grapefruit Oil Market, By Source
6.1 Introduction
6.2 Natural
6.3 Organic
6.4 Other Sources
7 Global Grapefruit Oil Market, By Form
7.1 Introduction
7.2 Absolute
7.3 Concentrates
7.4 Blends
7.5 Other Forms
8 Global Grapefruit Oil Market, By Distribution Channel
8.1 Introduction
8.2 Supermarkets/Hypermarkets
8.3 Convenience Stores
8.4 Specialty Stores
8.5 Pharmaceuticals
8.6 Online Retail
8.7 Other Distribution Channels
9 Global Grapefruit Oil Market, By Application
9.1 Introduction
9.2 Therapeutics
9.3 Aromatherapy
9.4 Food & Beverages
9.5 Cosmetics
9.6 Toiletries
9.7 Fragrances
9.8 Cleaning & Home
9.9 Other Applications
10 Global Grapefruit Oil Market, By End User
10.1 Introduction
10.2 Household Care
10.3 Healthcare
10.4 Personal Care
10.5 Other End Users
11 Global Grapefruit Oil Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Young Living
13.2 Symrise AG
13.3 Citromax Flavors Inc
13.4 AFU
13.5 CAMENAE
13.6 Aura Cacia
13.7 Pretty Valley
13.8 Jcare
13.9 Do Essential Oils Inc
13.10 PBA
13.11 Oshadhi
13.12 OLDLAND
13.13 Vivi's Secret
List of Tables
1 Global Grapefruit Oil Market Outlook, By Region (2021-2030) ($MN)
2 Global Grapefruit Oil Market Outlook, By Type (2021-2030) ($MN)
3 Global Grapefruit Oil Market Outlook, By White Grapefruit (2021-2030) ($MN)
4 Global Grapefruit Oil Market Outlook, By Red Grapefruit (2021-2030) ($MN)
5 Global Grapefruit Oil Market Outlook, By Pink Grapefruit (2021-2030) ($MN)
6 Global Grapefruit Oil Market Outlook, By Yellow Grapefruit (2021-2030) ($MN)
7 Global Grapefruit Oil Market Outlook, By Other Types (2021-2030) ($MN)
8 Global Grapefruit Oil Market Outlook, By Source (2021-2030) ($MN)
9 Global Grapefruit Oil Market Outlook, By Natural (2021-2030) ($MN)
10 Global Grapefruit Oil Market Outlook, By Organic (2021-2030) ($MN)
11 Global Grapefruit Oil Market Outlook, By Other Sources (2021-2030) ($MN)
12 Global Grapefruit Oil Market Outlook, By Form (2021-2030) ($MN)
13 Global Grapefruit Oil Market Outlook, By Absolute (2021-2030) ($MN)
14 Global Grapefruit Oil Market Outlook, By Concentrates (2021-2030) ($MN)
15 Global Grapefruit Oil Market Outlook, By Blends (2021-2030) ($MN)
16 Global Grapefruit Oil Market Outlook, By Other Forms (2021-2030) ($MN)
17 Global Grapefruit Oil Market Outlook, By Distribution Channel (2021-2030) ($MN)
18 Global Grapefruit Oil Market Outlook, By Supermarkets/Hypermarkets (2021-2030) ($MN)
19 Global Grapefruit Oil Market Outlook, By Convenience Stores (2021-2030) ($MN)
20 Global Grapefruit Oil Market Outlook, By Specialty Stores (2021-2030) ($MN)
21 Global Grapefruit Oil Market Outlook, By Pharmaceuticals (2021-2030) ($MN)
22 Global Grapefruit Oil Market Outlook, By Online Retail (2021-2030) ($MN)
23 Global Grapefruit Oil Market Outlook, By Other Distribution Channels (2021-2030) ($MN)
24 Global Grapefruit Oil Market Outlook, By Application (2021-2030) ($MN)
25 Global Grapefruit Oil Market Outlook, By Therapeutics (2021-2030) ($MN)
26 Global Grapefruit Oil Market Outlook, By Aromatherapy (2021-2030) ($MN)
27 Global Grapefruit Oil Market Outlook, By Food & Beverages (2021-2030) ($MN)
28 Global Grapefruit Oil Market Outlook, By Cosmetics (2021-2030) ($MN)
29 Global Grapefruit Oil Market Outlook, By Toiletries (2021-2030) ($MN)
30 Global Grapefruit Oil Market Outlook, By Fragrances (2021-2030) ($MN)
31 Global Grapefruit Oil Market Outlook, By Cleaning & Home (2021-2030) ($MN)
32 Global Grapefruit Oil Market Outlook, By Other Applications (2021-2030) ($MN)
33 Global Grapefruit Oil Market Outlook, By End User (2021-2030) ($MN)
34 Global Grapefruit Oil Market Outlook, By Household Care (2021-2030) ($MN)
35 Global Grapefruit Oil Market Outlook, By Healthcare (2021-2030) ($MN)
36 Global Grapefruit Oil Market Outlook, By Personal Care (2021-2030) ($MN)
37 Global Grapefruit Oil Market Outlook, By Other End Users (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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