Orange Citrus oil is in high demand in the food and beverage industry due to rising demand for healthier food products. Furthermore, an increase in demand for a variety of artificial drink concentrates is expected to positively impact the growth of Orange Citrus oil market. According to a recent analysis published by Fact.MR, the worldwide Orange Citrus oil market is expected to grow at a CAGR of 5.4 percent from 2017 to 2022.
The global Orange Citrus oil market is influenced by a number of micro- and macroeconomic factors. Orange Citrus oil use in the food and beverage industry continues to be high, owing to a number of health benefits. The global Orange Citrus oil market is expected to rise in response to rising demand for artificial drink concentrates.
Food & Beverage Industry to Represent a Dominant Segment
Manufacturers are turning to Orange Citrus oil blends to provide desired flavour as demand for refreshing and calming food products grows. Currently, the orange oil products type category is expected to be worth over US$ 1,200 million by 2022, indicating a comparatively high CAGR in the global market.
The distillation category is expected to lead by extraction method, accounting for more than US$ 700 million by the end of 2017. In comparison to other extraction methods, the distillation category is expected to grow at a strong CAGR during the projection period.
Orange Citrus oil demand will continue to be focused in the food and beverage industries. According to the report, the food and beverage application segment will be worth more than US$ 700 million by the end of 2022.
Orange Citrus oil Market: Healthcare Industry to be a Lucrative Vertical
Apart from the food and beverage industry, Orange Citrus oil is expected to be in high demand in the healthcare sector for the treatment of infections, skin problems, obesity, and asthma. Orange Citrus oil, which has a wide range of anti-carcinogenic characteristics, continues to be in high demand in the healthcare business for cancer therapy. The market for Orange Citrus oil will be fueled by important characteristics of this essential oil, such as its high antioxidant content, ability to neutralise free radicals, stimulate the immune system, and relieve stress.
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