Grapefruit Oil Market

Grapefruit Oil Market Size and Forecast (2023-2028):

The Global Grapefruit Oil Market size is expected to grow at a CAGR of 4.64% during the forecast period 2023-2028 to reach USD 12.86 billion by 2028.

Market Overview:

A popular essential oil made from grapefruit peel is known as grapefruit oil. It is famous for its energizing & reviving qualities. The medicinal properties of the fruit remain intact because the oil is produced using the cold-pressing method. Because of its fresh and tangy aroma, grapefruit oil is frequently used in aromatherapy and fragrance products. It is frequently used to improve mental health, reduce stress, and foster a sense of energy. When used in skincare and household cleaning products, the oil is additionally believed to have cleansing and purifying effects. Grapefruit oil has been shown to have several positive health effects, including the ability to promote digestion, increase metabolism, and help with maintaining weight. In addition, it is used in hair care products as it promotes healthy hair.

Recent Developments in Grapefruit Oil Industry:

• Plant Therapy Essential Oils Company expanded its network of shops and offered customers novel experiences in 2021 by opening new retail stores in three distinct American cities: Murray, Idaho, and Arlington.

REPORT COVERAGE:

Drivers:

One of the major driving factors of the grapefruit oil market is the increasing demand for grapefruit oil in the fragrance industry. Grapefruit oil is becoming a more and more popular choice due to its exciting and refreshing fragrance. The demand for grapefruit oil is being driven by its use in colognes, perfumes, and other scented products. Natural scents are gaining prominence among consumers as compared to synthetic ones.

The demand for the grapefruit oil market is being driven by the growing acceptance of aromatherapy as a natural approach to overall well-being. Due to its energizing and refreshing qualities, grapefruit oil is being used by aromatherapists, along with individuals opting for natural therapies, which leads to the growth of the grapefruit oil market size.

Natural and organic products are becoming more popular in several industries, including personal care, cosmetics, and household cleaning. As a natural essential oil generated from plants, grapefruit oil fits into this shift and is in higher demand as a component in products. Due to this, the demand for the grapefruit oil market is increasing significantly.

Restraints:

One of the major restraints of the grapefruit oil market is its phototoxicity, due to which grapefruit oil cannot be used in applications like sun care products, which are in high demand nowadays. And when exposed to sunlight or UV rays, grapefruit oil can induce skin irritation and sensitivity, which leads to restricting the demand for the grapefruit oil market.

Production of grapefruit oil is affected by the availability of grapefruits, which are seasonal fruits. When grapefruits are limited during particular seasons of the year, it may have an impact on the overall production of grapefruit oil and limit supply, which leads to changes in the grapefruit oil market.

Grapefruit oil is restricted to market limitations and legal requirements. Laws related to labeling, safety testing, and quality specifications may have an impact on the production, import/export, and marketing of grapefruit oil. Due to compliance with these laws and regulations, marketers may experience increased complexity and costs, which leads to restricted growth of the grapefruit oil market.

Opportunities:

Grapefruit oil has an opportunity because of increasing consumer demand for natural and organic goods across various industries. As consumers become conscious of the ingredients in the personal care, cosmetics, and everyday household items they use, there is a growing demand for natural alternatives. Grapefruit oil can take advantage of this inclination by being added to several organic and natural products because it is a natural essential oil that is obtained from plants. This will help in boosting the growth of the grapefruit oil market.

Due to the popularity of aromatherapy and increasing demand for holistic health, grapefruit oil has potential consumers. More people are switching to aromatherapy to improve their mood, reduce stress, and relax. Grapefruit oil is a refreshing and energizing oil that may be used in diffusers, bath products, and massage oils, among other aromatherapy stuff, which is an opportunity for the grapefruit oil market to gain significant market shares.

COVID-19 Impact on Grapefruit Oil Market:

During COVID-19, there was a rise in demand for health and wellness products, including essential oils like grapefruit oil, as consumers put a greater emphasis on self-care and holistic well-being during these challenging times. The market made a profit from the increase in demand for alternative therapies like aromatherapy. On the other side, the pandemic disrupted the supply chain and distribution networks, making it more challenging to locate raw materials, produce the products and transport them. Trade restrictions and a lower labor pool influenced the availability of grapefruit oil products and their quick delivery. Also, the closure of spas and wellness centers during lockdowns reduced the demand for grapefruit oil used in professional treatments and cosmetic applications.

Grapefruit Oil Market Segmentation Analysis:

By Type:

• White
• Red
• Pink
• Yellow

The white grapefruit segment is anticipated to dominate the grapefruit oil market as it tastes tangy and a little bit sweet. White grapefruit oil is prominent in aromatherapy because of its energizing and stimulating fragrance, due to which its demand is highly increasing in such therapies, leading to the highest market shares.

The red grapefruit segment is deemed to have significant growth as these grapefruits have vibrant red or pink flesh, which gives the oil a slightly different composition and aroma compared to white grapefruit oil, which is in high demand in the cosmetics and skin care industries.

By Application:

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

The therapeutic massage oils segment is leading with the largest market shares as it can be mixed with carrier oils, like almond or jojoba oil, to make massage oils for aromatherapy or as a crucial element in remedies for relaxation and refreshment, which leads to an increase in the demand for the grapefruit oil market.

The cosmetics and personal care segment is deemed to have significant growth. Due to its pleasant scent and skincare benefits, grapefruit oil is highly used in the cosmetics and personal care industry.

By Distribution Channel:

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

The online retail segment is anticipated to lead the grapefruit oil market. Through online shopping platforms, such as specialized websites, marketplaces, and wellness stores, consumers can shop from home and have their purchases delivered directly to their door. Online shopping provides a variety of options and allows customers from all over the world to buy grapefruit oil.

The specialty stores are deemed to have significant market shares as grapefruit oil can be found in specialty stores that provide essential oils or organic and natural products for aromatherapy, including grapefruit oil.

Geographical Segmentation Analysis:

• North America - the United States and Canada
• Europe - United Kingdom, Spain, Germany, Italy, and France
• The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
• Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
• The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

By Region Analysis:

The Europe region is anticipated to dominate the grapefruit oil market globally with the largest market shares. As cosmetics and personal care products are widely used in countries like Germany, France, and the UK, the demand for grapefruit oil is increasing in the cosmetics and personal care industries.

North America is deemed to grow at the fastest CAGR during the forecast period. The food and beverage industry in this region is well-established, and there is an increasing demand for organic and natural skincare products.

Key Players in the Market:

Major Key Players in the Global Grapefruit Oil Market are

• Now Foods
• Young Living
• Camenae
• ANU
• PBA
• Vivi's Secret
• Old Land
• Pretty Valley
• AFU