250 Pages of Research Study Published by Fact.MR, a Leading Market Research and Competitive Intelligence Provider Offers Riveting Insights into Key Factors Accelerating the Growth of the Global Citronella Oil Market over the Assessment Period 2021-2031
Essential oils have gradually treaded beyond their conventional application in therapeutics and aromatherapy. The global food & beverage sector is witnessing an increasing adoption of citronella oil in the production of new food items and beverages.Considering the easy procurement of raw lemongrass, manufacturers of citronella oil products are less likely to face any technical and financial barriers while extending their production capacity.
Fact.MR, recently published a market report which provides an in-depth analysis of the current and future potential of Citronella Oil Market.The Market Research Survey highlights the key reasons behind increasing demand of Citronella Oil. The Market Survey also examines the Global Citronella Oil Sales for the forecast period 2021- 2031. The report tracks Citronella Oil market key trends, Citronella Oil market size and growth opportunities.
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Essential Takeaways from the Market Report
- Comparison of prominent players operating in the market.
- Identification of Citronella Oil Market drivers, restraints and other forces impacting the global market.
- Recent developments and key strategies adopted by market players.
- Study of the micro and macro-economic growth indicators.
- Impact of the various factors on the value chain.
- Evaluation of current Citronella Oil market size, forecast and technological advancements within the industry.
- Key Citronella Oil growth projections and highlights
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Key questions answered in Citronella Oil Market Survey Report:
- What is the current scenario and key trends in Citronella Oil Market?
- What are the key strategies companies are adopting to increase their consumer base?
- What are the key categories within the Citronella Oil segments and their future potential?
- What are the major Citronella Oil Market drivers and their expected impact during the short, medium, and long terms?
- What is the Citronella Oil Market size and what are the opportunities for the key 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.
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The Report Covers Exhaustive Analysis On:
- Citronella Oil Market Drivers, Segments and Restraints.
- Citronella Oil Market Survey and Dynamics
- Citronella Oil Market Size & Demand
- Citronella Oil Key Trends/Issues/Challenges
- Citronella Oil Sales, Competition & Companies involved
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