The grapefruit oil market is projected to be valued at USD 4.3 billion in 2023 and is expected to reach USD 7.3 billion by 2033. The market is anticipated to grow at a compound annual growth rate (CAGR) of 5.4% over the forecast period.
The grapefruit oil market is projected to expand during the forecast period, driven by growing awareness of its natural health benefits. The rising use of grapefruit oil in aromatherapy, cosmetics, personal care, and healthcare is expected to further fuel market growth.
As demand for natural and organic food products increases, grapefruit oil's role as a flavoring agent in the food industry is also set to grow. Additionally, the rising interest in natural fragrance products is contributing to the market's expansion.
North America remains the largest market for grapefruit oil, a trend expected to continue due to the region's high preference for essential oils. The increasing consumer shift towards natural ingredients, combined with the ease of application and availability, is driving market growth in this region.
Conversely, the grapefruit oil market in Europe has experienced notable growth in recent years. Numerous companies across the region are supplying grapefruit oil to address the rising demand. The Asia-Pacific market for grapefruit oil is also expected to expand in the near future, driven by increased demand from the food and beverage industry and the growing popularity of aromatherapy in the region.
Demand for Grapefruit Oil
In grapefruit peel contains limonene as it helps to reduce obesity, cancer. Limonene is used as a flavoring in food, beverages, and chewing gums. It is also used in pharmaceuticals in ointments and creams in skincare. 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 our emotions. It can trigger positive reactions and helps to overcome depression, stress, and extreme feelings. Grapefruit oil contains antioxidant that protects oxidative damage to the cells.
Vitamins like C and A, lycopene helps to fight against free radicals and strengthening the immune system. Grapefruit oil is also used in weight loss due to its fat dissolve property.
Grapefruit Oil Market: Key Players
Some key manufacturers functioning in business in the grapefruit oil market include
- Now Foods
- Young Living
- Camenae
- ANU
- PBA
- Vivi’s Secret
- Old Land
- Pretty Valley
- AFU
- Oshadhi
- Good Herbor
- Jcare, and many others.
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Grape Fruit Oil Market: Market Segmentation
Based on Type:
- White Grapefruit
- Red Grapefruit
- Pink Grapefruit
- Yellow Grapefruit
Based on Applications:
- Aromatherapy
- Cosmetics
- Personal Care
- Health Care
Based on Distribution Channel:
- Supermarkets
- Convenience Stores
- Pharmaceuticals
- Online Retail
- Specialty Stores
Based on the Region:
- North America
- USA and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, and others
- Western Europe
- Germany, the United Kingdom, France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
- Eastern Europe
- Poland and Russia
- Asia Pacific
- China, India, Japan, ASEAN, Australia, and New Zealand
- The Middle East and Africa
- GCC, Southern Africa, and North Africa
