Global Citrus Oil Market Forecast: Key Trends, Growth, and [6.52%] CAGR Analysis
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- Location: Cologne
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The global citrus oil market is a dynamic and thriving industry, projected to grow significantly in the forecast period from 2024 to 2028. According to a TechSci Research report, the market stood at USD 1.15 billion in 2022 and is anticipated to expand with a CAGR of 6.52%.
This growth is driven by the increasing demand for natural and organic products, technological advancements in extraction methods, and the expansion of the food, cosmetics, and aromatherapy industries. The growing awareness among consumers about the benefits of essential oils, coupled with the rising trend of plant-based ingredients in personal care and food products, is further contributing to the market’s expansion.
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