250 Pages Citronella Oil Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.
The report offers actionable and valuable market insights of Citronella Oil. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Citronella Oil Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Citronella Oil market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Citronella Oil
This newly published and insightful report sheds light on Market Insights of Citronella Oil, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Citronella Oil Market.
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Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
The demand for essential oils such as citronella oil is expected to witness steady growth in the view of a stable adoption of aromatherapy. However, lack of awareness among consumers continues to render manufacturing downturns in the global market for citronella oil.
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This report offers key insights on how the global citronella oil market will grow during the forecast period, 2017-2022, providing an analytical study on the market’s growth till date.
The prime focus of Fact.MR’s report is to provide readers with an unbiased and accurate analysis of current market status of citronella oil, along with future growth estimations. Citronella oil manufacturers, suppliers, and distributors in the global market will benefit from the insights offered in this report.
A detailed discussion guide has been formulated in this report, which can attract the interest of top trade magazines and journals related to citronella oil.
The report commences by providing an executive summary, market dynamics and market taxonomy, underlining the factors which influence growth of the global citronella oil market.
This executive summary offers the foundation on which the report is based, providing users with scope of the report. The executive summary contains key statistics and facts impacting the global citronella oil market.
This section offers a detailed view of the global citronella oil market, comprising the market introduction, along with the standard definition of product – citronella oil.
Market value as well as year-over-year expansion is offered to readers in this section. Y-o-Y growth enables readers to view broader aspects of growth patterns during the forecast period.
This section also details the drivers, restraints, opportunities and key trends influencing the market growth based on perspectives of macroeconomic, demand, and supply sides. Impact analysis of the weighted average model-based expansion drivers is included in the report for provision of better decision-making insights to clients.
To offer readers with latest information about advancements in the global citronella oil market, updates about opportunities benefitting leading citronella oil manufacturers are offered in the report.
Continuous evolution of the food & beverage sector necessitates keeping record of upcoming and recent developments and trends which are fundamental for manufacturers of citronella oil to formulate and adopt key business strategies.
The detailed analysis pertaining to list of distributors, pricing analysis, raw material sourcing, cost structures, and supply chain are offered in this section.
Taking the vast scope of global citronella oil market into account, the report offers a segment-wise analysis and forecast.
The global market for citronella oil is segmented into – source type, form type, applications, distribution channels, and region. In this section, the report also offers a country-wise forecast across all parameters associated with the growth of global citronella oil market.
The report’s last section emphasizes on the competitive landscape of the global citronella oil market, providing readers with the dashboard of company analysis as well as the market players.
Key Insights from the Report include:
In 2017, over two-fifth of global citronella oil market value will be accounted by sales of citronella oil in absolute form. On-shelf availability of citronella oil in absolute form is also expected to gain traction owing to relatively easier production compared to concentrates of citronella oil.
Therapeutics, aromatherapy and production of food & beverage products are expected to remain the three most prominent applications of citronella oil. Through 2022, these three applications will account for more than half of the global citronella oil market value.
In 2014, the European Commission announced the approval of herbicide made from citronella oil, specifying a few amends that mitigate potential risks to workers, residents, ground water and non-target organisms. The report projects that favorable government-supported sanctions as such will boost the growth of citronella oil market in Europe. In 2017 and beyond, Europe is expected to remain the largest market for citronella oil, expanding at a steady CAGR of 4.9%.
The demand for citronella oil in North America is expected to remain low. Consumers in the US and Canada are less likely to be aware of benefits of essential oils such as citronella oil in aromatherapies. Higher inclination of consumers in North America towards instant therapeutic remedies is impeding the preference to citronella oil-based aromatherapy. Over the forecast period, the citronella oil market in North America is expected to reflect the lowest CAGR, becoming the least attractive region for market players.
The report predicts that nearly eight out of ten citronella oil products sold in the global market will be sourced naturally. The demand for organically sourced citronella oil will remain relatively low, creating an incremental opportunity of just over US$ 2 Mn between 2017 and 2022.
Modern trade outlets and franchise outlets will be observed as the two largest channels for distribution of citronella oil in the global market. However, revenues individually amassed from global sales of citronella oil through modern trade outlets and franchise outlets are expected to grow moderately, reflecting around 4% CAGRs throughout the forecast period.
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More Valuable Insights on Citronella Oil Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Citronella Oil, Sales and Demand of Citronella Oil, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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