04.25.23
The global grapefruit oil market is estimated to expand at a CAGR of 5% from 2023 to 2033, according to Fact MR. The market is valued at $400 million in 2023 and is thus forecasted to reach $650 million by 2033.
Europe is the leading grapefruit oil market accounting for 60% of the total share, according to the market research firm. Cosmetics account for 50% share of the global market.
The global grapefruit oil market is expected to witness a significant growth in the coming years. The market is driven by the increasing demand for natural essential oils and its wide usage in the cosmetic and food and beverage industry. Growing awareness about the health benefits of grapefruit oil, such as its antifungal, antidepressant, and antiseptic properties, is also driving the growth of the market.
Furthermore, the rising popularity of aromatherapy and the increasing use of grapefruit oil in the treatment of various skin issues, such as acne, stretch marks, and wrinkles, are likely to propel the growth of the grapefruit oil market.
Shifting Consumer Lifestyles Drive Rise in Use
Grapefruit oil is an essential oil extracted from the peel of the grapefruit fruit. It has a distinct citrusy aroma and is used in aromatherapy, cosmetics and other products. Rising consumer demand for cosmetics made with natural components is driving the demand for grapefruit oil. Shifting consumer lifestyles and rising use of natural makeup products are also leading to the increased use of grapefruit oil in cosmetics.
Apart from providing therapeutic benefits like reducing stress, improving mood and boosting immunity, it is beneficial for skin health and can help to reduce inflammation and acne.
Antibacterial Qualities
The anti-inflammatory, antibacterial, and antiviral qualities of grapefruit oil make it a popular ingredient in natural cosmetics. Grapefruit oil is widely used in skin cleansers due to its cleaning capabilities.
Since grapefruit oil has a fresh scent, it aids in waking up the skin every morning. It has chemical elements that can eliminate acne-causing germs and assist in balancing hormone-stressed skin. To help produce a smooth, toned appearance, a few drops of grapefruit oil can also be added to conventional body care creams and lotions and massaged into the skin.
Competitive Landscape
Top grapefruit oil producers are emphasizing supply chain management and pricing trends. They are enhancing product standards and concentrating on marketing campaigns to raise consumer awareness of the advantages of grapefruit oil.
Leading companies are striving to make products visible on online distribution channels to reach a wide consumer base. They are focusing on new developments, and quality control of novel products following safety regulations to reduce the environmental impact.
Isagenix International introduced an essential oil line to provide its clients with a variety of health and wellness goods.
In 2021, Plant Therapy Essential Oils Company opened new retail stores in three different cities across the United States: Murray, Idaho, and Arlington to expand its network of retail outlets and give customers new experiences.