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The citrus oils market size is forecast to increase by USD 944.8 million at a CAGR of 4.5% between 2023 and 2028. The market is witnessing significant growth due to the increasing adoption of natural ingredient-based products in various industries, particularly in food and beverage products. The demand for organic citrus oils, such as lemon essential oil and orange oils, is on the rise as consumers seek healthier alternatives. However, the high price of these oils and their perishable nature pose challenges to market growth. Additionally, the availability of substitute products, including synthetic citrus flavors and other botanical extracts used as colorants and functional food ingredients, adds to the competition in the market. The citrus oil market is also influenced by the increasing use of these oils in fragrances, further expanding their applications and potential market size.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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