The demand for essential oils such as citronella oil is expected to witness steady growth in the view of a stable adoption of aromatherapy. However, lack of awareness among consumers continues to render manufacturing downturns in the global citronella oil market. This report offers key insights on how the global market for citronella oil will grow during the forecast period, 2017-2022, providing an analytical study on the market’s growth till date.
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Scope
The prime focus of Fact.MR’s report is to provide readers with an unbiased and accurate analysis of current market status of citronella oil, along with future growth estimations. Citronella oil manufacturers, suppliers, and distributors in the global market will benefit from the insights offered in this report. A detailed discussion guide has been formulated in this report, which can attract the interest of top trade magazines and journals related to citronella oil.
To offer readers with latest information about advancements in the global citronella oil market, updates about opportunities benefitting leading citronella oil manufacturers are offered in the report. Continuous evolution of the food & beverage sector necessitates keeping record of upcoming and recent developments and trends which are fundamental for manufacturers of citronella oil to formulate and adopt key business strategies. The detailed analysis pertaining to list of distributors, pricing analysis, raw material sourcing, cost structures, and supply chain are offered in this section.
Taking the vast scope of global citronella oil market into account, the report offers a segment-wise analysis and forecast. The global market for citronella oil is segmented into – source type, form type, applications, distribution channels, and region. In this section, the report also offers a country-wise forecast across all parameters associated with the growth of global citronella oil market.
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Key Insights from the Report include:
1- In 2017, over two-fifth of global citronella oil market value will be accounted by sales of citronella oil in absolute form. On-shelf availability of citronella oil in absolute form is also expected to gain traction owing to relatively easier production compared to concentrates of citronella oil.
2- Therapeutics, aromatherapy and production of food & beverage products are expected to remain the three most prominent applications of citronella oil. Through 2022, these three applications will account for more than half of the global citronella oil market value.
3- In 2014, the European Commission announced the approval of herbicide made from citronella oil, specifying a few amends that mitigate potential risks to workers, residents, ground water and non-target organisms. The report projects that favorable government-supported sanctions as such will boost the growth of citronella oil market in Europe. In 2017 and beyond, Europe is expected to remain the largest market for citronella oil, expanding at a steady CAGR of 4.9%.
4- The demand for citronella oil in North America is expected to remain low. Consumers in the US and Canada are less likely to be aware of benefits of essential oils such as citronella oil in aromatherapies. Higher inclination of consumers in North America towards instant therapeutic remedies is impeding the preference to citronella oil-based aromatherapy. Over the forecast period, the citronella oil market in North America is expected to reflect the lowest CAGR, becoming the least attractive region for market players.
4- The report predicts that nearly eight out of ten citronella oil products sold in the global market will be sourced naturally. The demand for organically sourced citronella oil will remain relatively low, creating an incremental opportunity of just over US$ 2 Mn between 2017 and 2022.
5- Modern trade outlets and franchise outlets will be observed as the two largest channels for distribution of citronella oil in the global market.
Competition Tracking
The report has profiled leading manufacturers of citronella oil which will shape the competitive landscape of the global market. Through 2022, companies which are expected to actively partake in the growth of global citronella oil market include, Bio Extracts private limited, Synthite Industries Ltd., D?TERRA International, Greenleaf Extractions Pvt Ltd, Young Living Essential Oils LC, Natures Natural India, Shaanxi Guanjie Technology Co., IL Health and Beauty Natural Oils Co., Inc., Aromaaz International, Linonel Hitchen Essential Oils Ltd, Green Fields Oil Factory, Plant Therapy Essential Oils, and Aksuvital.
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