Grapefruit Oil Market to reach $13.67 million by 2030 at CAGR 4.5%

The Global Grapefruit Oil Market size is expected to grow from USD 9.61 billion in 2022 to USD 13.67 billion by 2030, at a CAGR of 4.5 % during the forecast period (2023-2030).

Market Overview:

The grapefruit(botanical name Citrus paradisi) is theorizedket to Reach $13.67 Million by 2030 at CAGR 4.5% to have originated in Barbados as a hybridization between the Jamaican sweet orange and Indonesian pomelo, which were founded in Asia in the 17th century. Grapefruit trees have a vigorous aspect, growing from about 5 to 14 meters tall with dark, dense foliage.

The name "grapefruit" may be attributed to the fruit's clustered growth pattern, bearing similarity to a bunch of grapes. Grapefruit has a long history of application in folk medicines over the globe and has been traditionally applied as an antibacterial, anti-fungal, anti-inflammatory, astringent, antioxidant, and preservative.

Today, reputed Grapefruit Essential Oil benefits can be traced back to these widely traditional applications. Furthermore, grapefruit comes in red, pink, white/yellow, ruby, pummelo varieties, all of which produce essential oils with similar properties.

Top Key Players in the Grapefruit Oil Market:

Now Foods, Young Living, Camenae, ANU, PBA, Vivi’s Secret, Old Land, Pretty Valley, AFU, Oshadhi, Good Herbor, Jcare, and other major players.

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Market Dynamics and Factors for Grapefruit Oil Market:

Drivers:

Growing Demand for Grapefruit from End-Use Industries Such As Food & Beverages

Growing demand for grapefruit from end-use industries such as food and beverages, among others is anticipated to stimulate the growth of the grapefruit market during the forecast period. For instance, in the food and beverages industry, grapefruit is used in salads, yogurt loafs, smoothies, and others due to the different nutrient content in grapefruit such as vitamin C, beta-carotene, and others. 

These factors are anticipated to accelerate demand for grapefruit oil during the forecast period.

Grapefruit oil to observe escalating consolidation in weight loss therapy, as healthy weight management gains ground among global customers.

While several natural essential oils have been in use focusing on weight management, grapefruit oil remains among the few that top the list.

Opportunities:

Key Players Are Targeting New Product Introduction Related To Grapefruit Extracts

Key players are targeting new product introductions related to grapefruit extracts, which is anticipated to create lucrative opportunities for the grapefruit oil market in the upcoming years. These product launches are anticipated to help the vendors grow their product portfolio and thereby gain a larger customer base in the grapefruit oil market.

The United States of America, the global leading grapefruit producer and exporter (over half of world production), has experienced a series of recent setbacks (citrus canker, citrus greening diseases, and devastating hurricanes) that threaten the future of that industry. Growing grapefruit prices in the EU owing to reduced supplies received from the US and a rise in the demand for the fruit in the EU could create a marketing opportunity for countries across the globe.

Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis.

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Segmentation Analysis of the Grapefruit Oil Market:

By Type, the White/yellow Grapefruit segment is expected to dominate the market. White grapefruit, also known as yellow, is the most traditional grapefruit type and is a favorite of commercial growers.

It is extensively utilized for juices and syrups.

By Application, the therapeutic massage oils segment is expected to dominate the market. Grapefruit Essential Oil is reputed to help the body's natural detoxification processes.

By Type

• White Grapefruit
• Red Grapefruit
• Pink Grapefruit
• Yellow Grapefruit

By Application

• Food & Beverage
• Therapeutic Massage Oils
• Cosmetics & Personal Care
• Home Care

By Distribution Channel

• Pharmaceuticals
• Supermarkets/Hypermarkets
• Convenience Stores
• Specialty Stores
• Online Retail

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Regional Analysis of the Grapefruit Oil Market:

Europe is expected to dominate the market during the forecast period. Grapefruit oil has recorded significant revenue generation within the European market and the study reveals further growth in the sales revenue of Europe's grapefruit oil market due to healthy industrial demand in recent years.

This growth is attributed to the major presence of the food and related industries within the continent, in addition to a relatively renowned market for organic oils. The global grapefruit oil market report revealed that Europe will remain at the prominence of growth as well as revenue share throughout the forecast period.

By Region     

• North America (U.S., Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)

Key Industry Development:

In 2021, Plant Therapy Essential Oils Company opened new retail stores in three different cities across the United States: Murray, Idaho, and Arlington to expand its network of retail outlets and give customers new experiences.

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