The grapefruit oil market is estimated to secure a valuation of US$ 4.3 Billion in 2023 and is estimated to rise to US$ 7.3 Billion by 2033. The market is anticipated to grow at a CAGR of 5.4% during the forecast period. The factors accelerating the demand for grapefruit oil are as follows-
The grapefruit oil market is expected to grow during the forecast period owing to the increased awareness regarding the natural health benefits of grapefruit oil. Increased application of grapefruit oil in aromatherapy, cosmetics, personal care & healthcare is likely to boost the market growth in coming years.
Grapefruit oil is used as a flavoring agent in the food industry, as the demand for natural and organic food products increases, the market for grapefruit oil is likely to increase. Also, the increased demand for natural fragrance products boosts the grapefruit oil market.
North America is the largest market for grapefruit oil market & trend is expected to continue into the forecast period owing to the high preference for essential oil in the region. The increasing consumer preference towards natural ingredients coupled with ease of application & availability is propelling the market growth in the region.
On the other hand, the grapefruit oil market in Europe is witnessing significant growth in recent years. Several companies in Europe are providing grapefruit oil to meet the growing demand. Asia pacific grapefruit oil market is projected to grow in near future owing to the increased demand from the food & beverage industry & growing popularity of aromatherapy in the region.
The leading players operating in the grapefruit oil market include Now Foods, Young Living, Camanae, ANU, PBA, Vivi,s Secret, Old Land, Pretty Valley, AFU, Oshadhi, Good Herbor, Jcare, and many others. leading manufacturers are focusing on mergers acquisition with small-scale companies to include innovative products in their product portfolio. Also, the key manufacturer are establishing & acquiring manufacturing plants to increase the production capacity
For instance - Young living introduced the grapefruit essential oil is cold pressed from the peel of fresh fruit for a citrusy oil with the bright aroma of a grapefruit orchard. It’s perfect for skin care, lazy bathing & uplifting massages.
The grapefruit oil market is expected to grow in the coming years. The increasing awareness among the consumer and increasing application of grapefruit oil in soaps, creams & lotions due to its antiseptic properties are expected to drive market growth during the forecast period.
Also, the availability of grapefruit oil through different distribution channels like convenience stores, supermarkets, pharmaceuticals, and specialty stores increases the sales of the market. The start-ups operating in the grapefruit oil market are coming up with very innovative product launches to increase the consumer base for products.
For instance, founded in 2015 Vimochana oil is a brand offering essential oil, and its product range includes cold-pressed safflower, sesame oils, groundnut oil, olive oil, and grape seed oil among others.
| Data Point | Key statistics |
|---|---|
| Expected Market value in 2023 | US$ 4.3 Billion |
| Projected Market Value in 2033 | US$ 7.3 Billion |
| Growth Rate (2023 to 2033) | CAGR of 5.4% |
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The global sales of grapefruit oil are expected to witness progressive growth over the forecast period. There is persistent rising demand for grapefruit oil in pharmaceutical, cosmetic products, and food & beverages globally which is likely to boost the grapefruit oil market in the assessment period.
Grapefruit oil is made from grapefruit, it is a hybrid between an orange and a pomelo. Grapefruit is a type of citrus fruit that is available in red, white, pink, and yellow which refers to a pulp of the grapefruit.
Essential oils are derived from the white and yellow color grapefruit variety as they are a favorite in the juice and perfume industries. Grapefruit oil is made from the peel of grapefruit with a cold-pressing method.
Grapefruit peel contains limonene as it helps to reduce obesity and cancer. Limonene is used as a flavoring in food, beverages, and chewing gums. It is also used in pharmaceuticals in ointments and creams in skin care. Like aromatherapy, grapefruit oil is also improving the health of the body, mind, and spirit.
When you applied grapefruit oil to your skin it smells the brain transmits a message to that area to control your emotions. It can trigger positive reactions and helps to overcome depression, stress, and extreme feelings. Grapefruit oil contains antioxidant that protects against oxidative damage to the cells.
Vitamins like C and A, and lycopene help to fight against free radicals and strengthen the immune system. Grapefruit oil is also used in weight loss due to its fat dissolve property.
Grapefruit oil can take just before having a meal. It can act as an agent to control sugar and food cravings. These are the key factors for the driving demand for grapefruit oil in the assessment period 2021 to 2031.
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The USA is one of the key markets for grapefruit oil worldwide. The USA grapefruit oil market is to notice a prominent growth rate during the assessment period 2021 to 2031.
In the United States, grapefruit oil is used in aromatherapy. It will also be used in massage oils, and creams as well as homecare products like cleaning, and air fresheners.
Grapefruit oil is used in flavors and fragrances in the United States. It is the most popular flavor in beverages, spice blends, baking, and cooking. These key factors are for the prominent growth in the forecast period in the United States.
European consumers are looking for natural and greenways to improve their health due to this aromatherapy get popular in this region.
Demand for essential oil is increasing in the European region. These grapefruit essential oils are beneficial and provide solutions to skin-related issues, pain management, anxiety, and stress. The demand for essential oils and the popularity of aromatherapy increase the demand for grapefruit oil in the European region.
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Some key manufacturers functioning in business in the grapefruit oil market include
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Grape Fruit Oil Market
