According to a new market report published by Lucintel, the future of the grapefruit oil market looks promising with opportunities in massage oil, aromatherapy oil, ingredient in skin and hair care products, appetite suppressant, and air freshener and deodorizer. The global grapefruit oil market is expected to grow with a CAGR of 6.5% from 2020 to 2025. The major drivers for this market are growing demand for natural ingredient products, and increasing adoption of grapefruit oil as an ingredient in personal care.
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In this market, ingredient of tender skin, ingredient of dandruff containment, ingredient of antidepressant, ingredient of refresh, and others are the major product types. Lucintel forecasts that ingredient of tender skin will remain the largest segment over the forecast period because possesses natural disinfectant properties, making it a suitable ingredient for the formulation of various antibacterial and disinfection agents.
Within this market, massage oil, aromatherapy oil, ingredient in skin and hair care products, appetite suppressant, and air freshener and deodorizer are the major applications of grapefruit oil. Ingredient in skin and hair care products will remain the largest segment by application type over the forecast period due to growing multiple skin infection types that can be effectively addressed by the application of grapefruit oil, which fuel the demand of grapefruit oil in skin care products.
Asia-Pacific is expected to witness the highest growth over the forecast period due to grownig demand for the products in various end use applications, and rising disposable income are factors projected to drive growth of the global market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global grapefruit oil market by product type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Grapefruit Oil Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global grapefruit oil market by product type, application, and region as follows:
By Product Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Ingredient of tender skin
Ingredient of dandruff containment
Ingredient of antidepressant
Ingredient of refresh
Others
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Massage oil
Aromatherapy oil
Ingredient in skin and hair care products
Appetite suppressant
Air freshener and deodorizer
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
Germany
United Kingdom
France
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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