Global Citronella Oil Market: Overview
Citronella oil is an oil derived majorly from citronella grass, also called as Cymbopogon nardus. The cultivation of the grass requires rich moisture content and sunshine. The oil can also be derived from different cymbopogon species. The citronella oil is considered as one of the industrially important essential oil. This is owing to the key advantages of citronella oil such as flavour additive, fragrances in cosmetic and perfume industries. The citronella oil contains more than 80 components some of which are at high concentration in oil and functions as repellent property of oil. Some of the important components such as geranial, limonene and citronellal are considered to have desirable repellent characteristics. In trade terms, citronella oil are classified as ceylon citronella oil and java citronella oil where they differ in terms of proportion of citronellal and geranial. Perfume industry is important for citronella oil market since it has majority of the revenue share. Other than perfumes citronella oil is also used in detergents, industrial polishes, soaps, cleaning compounds and other industrial products.
Global Citronella Oil Market: Drivers and Restraints
The global citronella oil market is primarily driven by the increasing demand from perfume and cosmetic industries. Citronella oil offers wide remedies some of which are anxiety and stress control, ability to eject bugs and leeches from body etc. Citronella oil prevents the spread of internal and external infections. These are some of the factors which is boosting the global citronella oil consumption. Furthermore, citronella oil has some unique properties such as distinctive olfactory and steady technical properties. These properties are highly essential for industries such as perfume to incorporate appropriate blending and compounding essences which in turn actually drives the global citronella oil market.
However, the substitute for citronella oil such as synthetic isolates from eucalyptus citriodora and turpentine oil might restrain the global citronella oil market
Global Citronella Oil Market: Segmentation
On the basis of citronella oil type as per trade, citronella oil market is segmented into:-
- Java citronella oil
- Ceylon citronella oil
On the basis of citronella oil grades, citronella oil market is segmented into:-
- Food grade
On the basis of end use industry, citronella oil market is segmented into:-
Global Citronella Oil Market: Region wise Outlook
The global citronella oil market is divided into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). APEJ holds the major share in the global citronella oil market owing to the high production of essential oils for fragrance and flavour industry and also shares major contribution in essential oils export. The major countries such as Shri Lanka, India, China, Java, Indonesia and Taiwan tops the citronella oil market in terms of production in APEJ region. Followed by APEJ is North America and Europe and are expected to grow at moderately high CAGR during the forecast period. Latin America is anticipate to project stable growth rate in terms of value during the forecast period.
Global Citronella Oil Market: Key Players
Some of the key players identified in the global citronella oil market includes:
- Van Aroma
- Reho Natural Ingredients
- Manohar Botanical Extracts Pvt. Ltd.
- KIC Chemicals, Inc.
- Wuhan Dahua Weiye Pharmaceutical Chemical Co., Ltd.
- Fujian Gaoke Daily Chemical Co., Ltd.
- AOS Products Private Ltd
- Gramme Products
- Aromacare Herbals
- Meena Perfumery
- K.K. Enterprise
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
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- Asia Pacific
- Latin America
- The Middle East and Africa
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
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