The Global Grapefruit Oil Market is projected to reach a significant rate expanding at a CAGR of 4% over the forecast period of 2022-2030.
Global Grapefruit Oil Market- Overview
Grapefruit oil is referred to as a type of essential oil predominantly extracted from the glands situation inside the peel of grapefruit using the cold-pressing method.
It is considered as a multipurpose oil owing to its wide array of beneficial properties. This oil comprises of various antioxidants and phytochemicals including terpene, pinene, vitamin C, mycrene, and citronellol, among others.
Grapefruit oil can be directly applied to the skin or diffused using a humidifier. It is known for providing stress relief, reducing blood pressure levels, and treating respiratory infections.
Also, this essential oil is known to remove toxins from the skin and liver, while also decreasing the risk of cancer and other deadly ailments.
Global Grapefruit Oil Market- Key trends
Beneficial properties of grapefruit oil to bolster market growth
Grapefruit oil is enriched with a wide array of beneficial properties. It is widely used in nutraceuticals, medicines, cosmetics, and aromatherapy products. The balanced used of this helps in reducing blood pressure levels, stress, along with respiratory infections. Moreover, it is also known to aid in toxin removal from the liver while also helping the body to fight cancer cells. These benefits offered by grapefruit oil is escalating its demand across the globe.
Increasing inclination of individuals towards weight loss therapy to fuel industry expansion
With widespread increase in the volume of obese population and rising prevalence of weight based disorder, the masses are moving towards a healthier lifestyle. In fact, many people are adoption various weight management therapies to keep their bodies in proper shape. Grapefruit oil is equipped with beneficial enzymes that helps in breaking body fats. Moreover, it also influences the functional of autonomic nerves, which in turn results in decreased appetites and weight loss since these nerves are responsible for digestion and cardiac activity. This in turn is stimulating the overall dynamics of this market vertical.
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Segmental analysis of the Market
Based on End Use
- Household Care
- Healthcare
- Cosmetics and Personal Care
The healthcare segment is poised to amass notable gains over the stipulated timeframe owing to the wide array of health benefits offered by grapefruit oil.
Based on Application
- Aromatherapy
- Skin Care
- Hair Care
Based on Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Specialty Stores
- Pharmaceuticals
- Online Retail
The online retail segment is expected to generate significant returns over the estimated timeline due to the growing internet penetration across the globe.
North America is anticipated to amplify at a considerable CAGR
The Global Grapefruit Oil Market is segmented into 4 main regions namely, North America, Europe, Asia Pacific, and Middle east and Africa. Among these, North America has dominated the market growth over the forecast period. this is because of to the increasing health cognizance of the masses, rising popularity of aromatherapy, and surging R&D activities in the field.
Competitive Landscape
Some of the prominent companies operating in the market are Aromaaz International Natural Essential Oils, NOW Health Group, Inc., Mystic Moments UK, Ancient Healing Oils, PRZ, Dève Herbes, Rocky Mountain Oils LLC, AVI Naturals, Botanic Spa Flora Oil, Clamor, Aubrey Organics, Kazima Perfumers, BrownBoi, Moksha Lifestyle Products, Riya Agro Products, India Essential Oils, Florihana Distillerie, VedaOils, Ambre Blends, Naissance Trading, Alabama Essential Oil Company, Citromax Flavors Inc. (Citromax S.A.C.I.), Fischer S/A – Com. Ind. e Agricultura (Citrosuco Paulista SA), Bontoux S.A.S, Citrus and Allied Essences Ltd, Citrus Oleo, Lionel Hitchen Essential Oils Ltd, Young Living Essential Oils LC:, Symrise AG, do Terra International, and Mountain Rose Herbs Inc.
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Major questions answered in this report
- What is the growth rate of the Global Grapefruit Oil Market?
- What are the primary growth determinants of the market?
- Which are the major regions constituting the geographical landscape of the market?
- Which are the prominent companies operating in the market?
Key takeaways from the report
- The Global Grapefruit Oil Market is projected to expand at a CAGR of 4% over the forecast period.
- The beneficial properties of grapefruit oil is aiding market progression.
- The online retail segment is poised to expand significantly over the forecast period.
- North America has dominated the regional market sphere over the forecast period
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