The global citronella oil market size is expected to reach USD 193.83 million by 2032, according to a new study by Polaris Market Research. The report “Citronella Oil Market Share, Size, Trends, Industry Analysis Report, By Type (Java Citronella Oil, and Ceylon Citronella Oil); By Grade; By End Use; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Due to their health benefits, citronella oils are expected to be in high demand for pharmaceutical and medical applications. Citronella oil decreases swelling, affection, and pain; it gets rid of and prevents the formation of fungus on injuries; it speeds up wound healing; it eases muscle spasm and gas; it helps to stimulate and increases circulation; it helps with the recovery of eczema and skin infections; it lessens swelling, gentleness, and mental anguish; it encourages the body's exclusion of toxins; it helps boost immunity; it reduces flu, cold, and thus the above medical benefits of the citronella oil are driving the growth of the market.
The need for organic products is another factor influencing customer preferences. The European Commission previously declared that the requirements for the pesticide citronella oil's clearance were changed. Member states of the EU must consider risk mitigation measures when approving products to safeguard users, employees, bystanders, locals, groundwater, and non-target creatures. As a result of regulations that are being adopted to support the utilization of environmentally friendly ingredients in the food, beverage, and cosmetics industries, people are now increasingly interested in purchasing products made from natural components. Products produced entirely from plants and without elements from animals, or artificial sources are in high demand on the market. To improve their health, most individuals are therefore using organic products.
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The growing demand for items like food, beverages, and cosmetics also results from population growth. The need for citronella essential oils is predicted to grow gradually in economically developing countries, while it is anticipated to increase dramatically in new and emerging markets. For instance, in September 2021, the MANE KANGOR Innovation Center, which focuses on developments in natural cosmetic components, natural colorants, culinary flavors, and nutraceutical goods, was established in Angamaly. Thus, establishing an innovation center for citronella oil drives market growth.
Citronella Oil Market Report Highlights
Polaris Market Research has segmented the Citronella Oil Market report based on type, grade, end use, and region:
Citronella Oil Market, Type Outlook (Revenue - USD Million, 2019 - 2032)
Citronella Oil Market, Grade Outlook (Revenue - USD Million, 2019 - 2032)
Citronella Oil Market, End Use Outlook (Revenue - USD Million, 2019 - 2032)
Citronella Oil Market, Regional Outlook (Revenue - USD Million, 2019 - 2032)