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Report updated on 11th September, 2021: Global Grapefruit Oil Market 2021 (Includes Business Impact of COVID-19)Global Grapefruit Oil Market Insights, Applications, Trends, Product Types, Industry Growth, and Global Forecast 2021 to 2030 -an upcoming study report produced by Trusted Business Insights team. The global grapefruit oil market report has been bifurcated based on end use, application, distribution channel, and region/ Country. The global Grapefruit Oil market size was valued at USD$0.34 billion in 2020 and is projected to reach USD $0.50 billion by 2030 is anticipated to expand at a CAGR of 4.00% over the forecast period from 2020 to 2030.
Grapefruit Oil: Product SummaryThe grapefruit is from the subtropical citrus tree and is known for its bitter, sour, and sweet taste. It is known as grapefruit as it looks similar to grapes in terms of shape. There are several grapefruit varieties available in the market currently including pink grapefruit, red grapefruit, and white grapefruit depending on the pulp of grapefruit. The taste of grapefruit ranges from very acidic and sour to sweet and tart. Grapefruit oil is removed from the rind of grapefruits that are used in order to cure inflammation, treat obesity, get rid of a hangover and subtle sugar cravings.
Global Grapefruit Oil Market: DynamicsIncreasing consumer awareness about the health benefits of grapefruit oil is a key factor anticipated to drive market growth during the 10-year forecast period. In addition, Moreover, growing consumer inclination towards natural ingredient products, and increasing number of wellness centers and clinics spreading awareness regarding the benefits of grapefruit oil are other factors that are anticipated to drive market growth. Moreover, increasing adoption of grapefruit oil as an ingredient in personal care and cosmetics products and growing use of grapefruit oil as a beneficial massage oil and for aromatherapy owing to its natural fragrance and properties are factors anticipated to support market growth. However, high price of grapefruit oil and stringent rules are regulations for the production of oil are major factors that could challenge target market growth to some extent. Promotional activities to spread awareness regarding the benefits of grapefruit oil and aiming at making the products visible on online platforms to reach a large number of consumers are factors that can create higher revenue opportunities for existing players in the market in the years to come.
End Use Segment Insights:Among the end use segments, the cosmetics and personal care segments are projected to witness a significant growth rate in the global market. Increasing demand for grapefruit oil as an ingredient in facial care, hair care, body care, and massage products is a factor supporting growth of this segment in the global market.
Distribution Channel Insights:Among the distribution channel segments, the online retail segment is projected to grow at a lucrative CAGR in terms of value, due to growing consumer preference for online shopping, and the availability of product at discounted prices.
Global Grapefruit Oil Market: Region AnalysisEurope grapefruit oil market is estimated to record a significant market share in terms of value. Rising demand and awareness for beauty products, home care products, and medical products factor driving growth of the market in this region. In addition, high production of grapefruit oil, increasing export activities, the rising popularity of aromatherapy among individuals are factors anticipated to drive growth of the global grapefruit oil market in the Europe region. Asia Pacific grapefruit oil market is projected to register a lucrative growth rate in the global market over the next 10 years. Rising demand for the products in various end-use applications and rising disposable income are factors projected to drive growth of the global market. The North America market is estimated to account for a revenue share of X.X% in the target market. Rising awareness regarding various natural ingredients-based cosmetic products is a factor driving growth of the target market in this region.
Below are the active patents related to Grapefruit Oil Market.Patent Number: US8206761B2 Multipurpose cleaner and method of cleaning using therapeutic grade essential oils Abstract A multipurpose cleaning composition. The composition is a mixture of therapeutic grade essential oils, distilled white vinegar, and purified water that disinfects, degreases, and deodorizes, and also provides bioseptic and therapeutic benefits. Also provided is a method of disinfecting a surface by shaking a spray bottle having the composition, spraying the composition on the surface to be disinfected, allowing the composition to remain in contact with the surface for an amount of time sufficient to disinfect the surface, and removing the composition by wiping with a cloth. Essential oils may include, but are not limited to, therapeutic grade essential oils of eucalyptus, lemon, lavender, and grapefruit. Application File Date: 2009-12-16 Application Granted Date: 2012-06-26 Inventor: Dzovig M. Kutumian Patent Number: US7465697B1 Essential oils based cleaning and disinfecting compositions Abstract The present invention provides cleaning and disinfecting compositions for cleaning, disinfecting and sanitizing inanimate and animate surfaces. The cleaning and disinfecting compositions contain thyme oil or thyme oil and origanum oil, a salt of a transition metal, sodium dioctyl sulfosuccinate and water. The cleaning and disinfecting compositions of the present invention are surprisingly stable and as such, they may be provided to consumers in the undiluted state. The cleaning and disinfecting compositions of the present invention are botanical, environmentally sustainable, non-toxic and mildly scented. Application File Date: 2006-11-02 Application Granted Date: 2008-12-16 Current Assignee: CLEANWELL LLC Ohsoclean Inc Patent Number: CN103284921B Grapefruit oil bath salt Abstract The invention discloses grapefruit oil bath salt which comprises the following components in parts by weight: 2-4 parts of grapefruit oil, 1-3 parts of lanolin polyoxyethylene ether sulphate sodium, 1-3 parts of babassu oil acyl sodium amphoacetate and 100 parts of sodium sesquicarbonate. The grapefruit oil bath salt can remove dirt in human body pores, is fresh and sweet in flavor, has the flavor of oranges, can nourish tissue cells and enhance the physical power. Application File Date: 2013-06-08 Application Granted Date: 2014-11-05 Current Assignee: Anhui Jinguang Agricultural Service Co., Ltd.
Global Grapefruit Oil Market Segmentation:Segmentation by End Use:
Table of Contents Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumptions 1.3. List of Data SourcesChapter 2. Executive SummaryChapter 3. Global Grapefruit Oil Market Outlook 3.1. Market Segmentation 3.2. Market Size and Growth Prospects, 2016 - 2027 3.3. Value Chain Analysis 3.4. Market Dynamics 3.4.1. Market driver analysis 3.4.2. Market restraint analysis | read more...