The global bergamot oil market is valued at US$ 21.2 billion in 2022 and is predicted to reach a size of US$ 31.5 billion by the end of 2027. Worldwide demand for bergamot oil is expected to increase rapidly at a CAGR of 8.2% over the next five years.
Rising preference for organic and natural ingredients is expected to drive the demand for organic bergamot oil, which is expected to account for nearly 64% of the global market share of the bergamot oil industry by 2027.
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Natural segment in the bergamot oil market is estimated to be the largest and account for nearly two-thirds of the market in 2017. Steady demand for natural ingredients in the personal care and cosmetic products is driving the demand for natural bergamot oils in these industries. In addition, consumer preference for label transparency and the natural product trend continue to propel demand for natural bergamot oil. Ongoing demand for organic ingredients is projected to translate into one-third of the revenue share of organic segment and to reach US$ 11 million by 2022 end.
Application in aromatherapy segment is expected to lead the market with nearly one-fifth share of the market. Perennial popularity of aromatherapy and extensive utilization of essential oils have been identified as key factors responsible for the dominating position of aromatherapy application.
Top companies in the bergamot oil industry are expected to focus on providing organic bergamot essential oil to personal care product manufacturers as they focus on developing products with organic ingredients.
- In September 2022, Amour’s Secrets announced the debut launch of its skincare products that are made from natural and plant-based ingredients. The cleansing and hydrating oil launched by Amour features a unique blend of argan oil, lavender oil, rosewood oil, bergamot oil, and other natural ingredients to provide skin with soothing and luxurious hydration.
Key Companies Profiled:
Bunge Limited, Symrise AG, Cargill Inc., Mountain Rose Herbs Inc., Louis Dreyfus Company B.V., Citrus and Allied Essences Ltd., Willmar International Limited., Citromax Flavors, Avril Group, SVA Naturals, Terra International, Amway, Dabur, Bontoux S.A.S., Herbalife, Mgb Grup Essential Oils Co. Ltd., AOS Products Pvt. Ltd., The Good Scent Company, Archer-Daniels-Midland Company, Olam Group
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The global bergamot oil market, based on end use, is segmented into food & beverages, pharmaceuticals, skin & personal care, hair care, aromatherapies, and others.
Stress levels in the general population have increased exponentially and this has led to a rising in demand for anti-depressant therapies and stress-reducing ingredients. Bergamot oil has amalgams that reduce stress levels, inflammation, anxiety, and discomfort, which makes it a popular choice in aromatherapy. Increasing focus on mental health has led to high demand for aromatherapies and the Pinene and Limonene ingredients of the oil make it an invigorating and stimulating choice.
The aromatherapies segment accounts for a major market share and is anticipated to maintain this stance through 2027. Demand for bergamot oil in the skin and personal care segment is projected to increase at a CAGR of around 4% throughout the forecast period.
Key Segments in Bergamot Oil Industry Research
- By Type :
- By End Use :
- Food & Beverages
- Skin & Personal Care
- By Region :
- North America
- Latin America
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France is home to various personal care brands and this makes it a highly attractive market for bergamot oil companies as most of the personal care companies opt to use more natural and organic ingredients in their products.
Changing consumer preferences and the rising demand for bergamot oil in various industry verticals in the country are also expected to favor bergamot oil market potential across the forecast period. Production of bergamot oil is also high in the country as compared to most other European countries except Italy and Turkey.
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