The global citronella oil market is foreseen to attain growth on the back of the rising demand in the cosmetic and perfume industries. A report by Transparency Market Research (TMR) gives a fine explanation of some of the crucial growth factors that could positively influence the market. Bearing the title “Citronella Oil Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024,” the report says that the market could see a classification according to end-use industry, grade, and type as per trade. Citronella oil is used for adding fragrances and flavors to a wide variety of perfumes and cosmetics.
The demand in the world citronella oil market is foretold to gain impetus with the application in the prevention of various external and internal infections. Citronella oil is also used to eject leeches and bugs from the body and provides a broad range of remedies which includes stress and anxiety control. While these factors could augment the consumption in the market, some of the unique properties of citronella oil are anticipated to set the tone for a valuable growth in the demand. Its stable technical properties and distinctive fragrance could draw a strong demand in the market. Such properties are considered to be extremely important in cosmetic and perfume industries for the purpose of incorporating right compounding and blending essences.
Citronella oil is used in other industries such as cleaning compounds, soaps, industrial polishes, and detergents, other than perfumes. On the basis of end-use industry, the world citronella oil market could be divided into cosmetic, detergent, pharmaceutical, food, and perfume, as per the analysts authoring the report. By citronella oil grade, there could be segments such as aromatherapy and food grade. In terms of citronella oil type as per trade, the market could be classified into Ceylon and Java citronella oils.
From the geographical point of view, the international citronella oil market is predicted to find Asia Pacific except Japan (APEJ) holding a staggering share in the coming years. This could be on account of the region’s involvement in the export of essential oils and their high production for the flavor and fragrance industries. With respect to production of citronella oil, nations such as Taiwan, Indonesia, China, India, and Sri Lanka are envisaged to top the APEJ market during the course of the forecast period. Projected to exhibit a moderate CAGR growth, Europe and North America are forecast to tread on the heels of APEJ. However, with regard to value, a constant growth rate could be showcased by Latin America.
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The international citronella oil market includes some of the leading players of the industry such as Manohar Botanical Extracts Pvt. Ltd., Reho Natural Ingredients, and Van Aroma.