Grapefruit Oil Market Size, Industry Analysis Report By End Use (Household Care, Healthcare, and Cosmetics and Personal Care), By Application (Aromatherapy, Skin Care, and Hair Care), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Pharmaceuticals) & Region – Forecasts By 2030
- PUBLISHED ON
- 2024-09-27
- NO OF PAGES
- 217
- CATEGORY
- Food & Beverages
The global grapefruit oil market is presently valued at USD 385 million. Due to various growth propellants, there industry is reckoned to amass a substantial valuation by 2030, with a CAGR of 4% over 2022-2030.
The wide range of beneficial properties pertaining to this oil, growing prevalence of stress related disorders, and rising R&D investments in the field are primarily augmenting the outlook of this business vertical.
Alongside, the ability of grapefruit oil to reduce inflammations while preventing the occurrence of deadly ailments like cancer is creating lucrative opportunities for the marketplace to prosper.
Moreover, surging R&D activities in the field, rapid technological advancements to simplify the process of grapefruit oil extraction, and increasing disposable income of individuals are adding momentum to the progression of this industry sphere.
On the contrary, lack of awareness regarding the benefits of this oil among the masses is hindering the remuneration scope of this market.
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 Market- Segmental Assessment
By 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.
By Application
• Aromatherapy
• Skin Care
• Hair Care
By 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.
Grapefruit Oil Market- Geographical landscape
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, North America is projected to account for a high volume share over 2022-2030. This is attributable to the increasing health cognizance of the masses, rising popularity of aromatherapy, and surging R&D activities in the field.
Grapefruit Oil Market- Competitive Hierarchy
Key Segments Reported-
• By End Use (Household Care, Healthcare, and Cosmetics and Personal Care)
• By Application (Aromatherapy, Skin Care, and Hair Care)
• By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Pharmaceuticals, and Online Retail)
Major Regions and Countries Covered-
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Argentina, and Colombia)
• Europe (Germany, U.K., France, Italy, Spain, and Russia)
• Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
• Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size and growth projections?
The global grapefruit oil market is presently valued at USD 385 million. Due to various growth propellants, there industry is reckoned to amass a substantial valuation by 2030, with a CAGR of 4% over 2022-2030.
What are the drivers shaping various markets?
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.
Who are the key competitors of market Players?
Some of the major players operating within 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.
What are the top performing segments, and countries / regions of each of the markets?
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, North America is projected to account for a high volume share over 2022-2030. This is attributable to the increasing health cognizance of the masses, rising popularity of aromatherapy, and surging R&D activities in the field.
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