Bergamot Oil Market Size was pegged at 29.21(USD Billion) in 2022. The Bergamot Oil Industry will grow to 45.3 (USD Billion) by 2032 from about 30.52(USD Billion) in 2023. The estimated growth rate (CAGR) for the Bergamot Oil Market is anticipated to be approximately 4.49% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Bergamot Oil Market Trends Highlighted
Sustainability is an important and fast-growing trend in the production of bergamot oil, with the industry witnessing a significant shift. Nowadays, people prefer to have things that are produced by sources that are responsible for the environment and ethical. The need for organic and sustainable farming practices for bergamot oils has therefore increased.
Equally important is the fact that natural plant-based treatments are becoming popular today. For instance, the calm-inducing and mood-boosting abilities of bergamot oil have seen its uses expand to include aromatherapy products, skincare toners, and wellness supplements. Moreover, there is a rising desire for unique flavors; hence, the application of bergamot oils in various kinds of cooking continues to rise.
Large-scale growth in the Bergamot Oil Market will be observed due to increasing awareness about the therapeutic advantages of essential oils among consumers and their growing applications across different end-use sectors. In this regard, major players in this sector have been emphasizing innovation while broadening their product ranges and developing new applications that can meet changing needs within these industries.
The major driver of the Bergamot Oil Market Industry is the increasing consumer preference for natural and organic personal care products. It is a natural essential oil produced from the peel of bergamot orange that has a refreshing citrus scent. Nowadays, their eyes have opened to the potential health benefits that they can acquire through such naturally sourced ingredients.
Bergamot oil has antibacterial, antifungal, and anti-inflammatory properties, which makes it common in skincare and haircare products. In addition, it’s also used widely in perfumes and aromatherapy. This trend will continue to promote growth within the Bergamot Oil Market Industry across the world as demand for natural and organic personal care products increases with time.
The fragrance sector is also an important mover in the Bergamot Oil industry. This oil is used as a component in various perfumes and colognes because of its refreshing, citric aroma. The perfume industry evolves constantly, with new fragrances coming up every now and then. In light of Bergamot oil being adaptable to different scent compositions ranging from lightly scented airy notes to spicy warm ones, it has become very popular among fragrance manufacturers. With further growth expected in the fragrance industry, demand for bergamot oil should stay strong in years to come.
The growth of the world's Bergamot oil market industry is being propelled by expansion in the food and beverage sector. In different food and drink products, especially tea, soft drinks, and baked goods, bergamot oil, among others, is used as a flavoring agent. The food and beverage sector always comes up with new products and flavors. Bergamot oil can be utilized to come up with distinct flavors ranging from sour to cool or citrusy.
It is expected that the expansion of the food and beverage industry will continue to drive demand for bergamot oil in future years.
Steam distillation, cold pressing, and solvent extraction are the extraction methods used in the Bergamot Oil market to break down into divisions. The steam distillation method is a major player in the Bergamot Oil market. Steam distillation is one of the most commonly used techniques for extracting essential oils, including bergamot oil, because it is efficient and economical. Revenue generated from the Steam Distillation category in the Bergamot Oil Market was valued at USD 10.28 billion in 2023; this figure is forecast to climb to USD 15.67 billion by 2032, showing a CAGR of 4.6%.
In contrast, cold pressing is a gentler approach that keeps the delicate smell/flavor compounds of bergamot oil intact. This method is usually used when producing high-quality brands of bergamot oils that are meant mainly for perfumery and aromatherapy purposes. However, the cold-pressing segment of the Bergamot Oil Market is expected to grow steadily in the coming years. Conversely, Solvent Extraction has gained popularity as an effective method for obtaining bergamot oil, albeit not as widely applied as the previous approach mentioned above. Solvents dissolve and extract desired essential oils (EOs) from halls or peels.
Consequently, solvent extraction will have a slow growth rate within the Solvent Extraction fragment under the Bergamot Oil Market forecast period henceforth.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Segmentation of the Bergamot Oil market based on grade is into Cosmetic Grade, Pharmaceutical Grade, and Food and Beverage Grade. The largest market share in 2023 was taken by the Cosmetic Grade segment, which is expected to continue dominating throughout the forecast period. The increase in the use of bergamot oil for skin care and hair care products may be responsible for the expansion of this part. In addition, demand for bergamot oil is anticipated to rise tremendously in the treatment of various diseases, therefore exhibiting a significant growth rate within the pharmaceutical grade category.
Also, the food and beverage grade division is predicted to experience stable growth due to the increased application of bergamot oil as a flavoring agent in food and beverages.
The Global Market for Bergamot Oil is divided into Cosmetics and Fragrances, Pharmaceuticals, Food and Beverages, and Household Care Products. Cosmetics and Fragrances is the largest application segment, and it accounted for more than 50% of the overall revenues from the Bergamot Oil Market in 2023. As a result of its citrusy smell, which has a fresh feel and the ability to foster skin health, bergamot oil has found widespread use in the cosmetic industry. Perfumes, colognes, soaps, and skincare products are some common uses of this oil. In the year 2023, drugs made from this substance will take up about 25% of the worldwide revenues.
Bergamot oil acts as an ingredient in various pharmaceuticals, including antiseptic solutions, healing ointments for wounds, and cough syrups, because it has antibacterial, antifungal, and anti-inflammatory properties. Additionally, food and beverages are another fast-growing application area of Bergamot Oil, with around 15% contribution towards Bergamot Oil Market revenue by 2023. For instance, tea desserts, among others, use bergamot oils as flavoring agents while baking and even preservation in certain foods that use such essential oils.
Household Care Products is a relatively small application segment – at least based on my opinion – accounting for approximately ten percent (10%) of the Bergamot Oil Market revenue in 2023. Also used across different household cleaning agent types like air fresheners, dishwashing liquids, washing powders, laundry detergents, etc., this brand is found in many domestic cleaning agents sold today. The growth of the market is being driven by the increasing demand for bergamot oil in the cosmetics & fragrances industries, alongside the rising popularity of natural & organic products that have gained momentum lately.
The Bergamot Oil Market landscape is diverse, with key regional markets contributing significantly to overall market growth. Regional segmentation provides valuable insights into the market's geographical distribution and growth dynamics. North America is expected to hold a dominant share of the global market in 2023, owing to the presence of established cosmetic and fragrance industries. Europe follows closely behind, driven by the high demand for natural and organic products. The Asia-Pacific region is projected to witness substantial growth in the coming years, attributed to the rising disposable income and increasing awareness of aromatherapy and skincare.South America, the Middle East, and Africa (MEA) regions are expected to contribute a notable share to the global market, with MEA being driven by the growing hospitality and tourism sectors.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Major players in the Bergamot Oil Market industry are constantly striving to gain a competitive edge through strategic initiatives such as product innovation, mergers and acquisitions, and geographical expansion. These leading Bergamot Oil Market players are investing heavily in research and development to introduce new and improved products that cater to evolving consumer preferences. Additionally, acquisitions and collaborations enable them to consolidate their market position and expand their product portfolio. Bergamot Oil Market development is driven by increasing demand from various end-use industries, including pharmaceuticals, personal care, and food and beverages. Key players are focusing on developing sustainable and eco-friendly production practices to meet growing consumer consciousness and regulatory requirements. The competitive landscape is expected to remain dynamic, with both established players and emerging companies vying for market share through innovative strategies and customer-centric approaches. Firmenich is a prominent player in the Bergamot Oil Market industry and is renowned for its expertise in fragrance and flavor creation.
The company has a strong global presence with manufacturing facilities in various regions, enabling it to cater to diverse customer demands. Firmenich's commitment to innovation is reflected in its extensive portfolio of bergamot oil products, which meet the specific requirements of different end-use industries. The company's focus on sustainability and ethical sourcing aligns with growing consumer preferences, contributing to its competitive advantage.Berje is another leading player in the Bergamot Oil Market. Headquartered in France, the company has a rich heritage in the fragrance and flavor industry. Berje's expertise in natural extraction techniques allows it to provide high-quality bergamot oil that meets the stringent standards of its customers. The company's commitment to quality and customer satisfaction has earned it a strong reputation in the market. Berje actively engages in research and development to enhance its product offerings and maintain its competitive position.
Bergamot Oil Market Industry Developments
The Bergamot Oil market is projected to reach USD 45.3 billion by 2032, exhibiting a CAGR of 4.49% during the forecast period. The market growth is attributed to the rising demand for bergamot oil in the fragrance and flavor industries. Bergamot oil is highly valued in perfumery for its fresh, citrusy, and slightly floral scent. It is commonly used in colognes, perfumes, and other personal care products. Moreover, the growing popularity of aromatherapy and the increasing use of bergamot oil in traditional medicine is further contributing to market expansion.
| Report Attribute/Metric | Details |
| Market Size 2022 | 29.21(USD Billion) |
| Market Size 2023 | 30.52(USD Billion) |
| Market Size 2032 | 45.3(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 4.49% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Citrus Oils USA, Citrus Allied Essences Limited, Firmenich, Takasago, International Flavors Fragrances Inc., Dragoco, Bergamia, Givaudan, Edlong, Robertet, A.M. Todd, Essential Oils Direct, Symrise, CPL Aromas, Berjé |
| Segments Covered | Extraction Method, Grade, Application, Regional |
| Key Market Opportunities | Rising demand for natural fragrances in cosmetics Growing awareness of the therapeutic benefits of bergamot oil Expansion of the aromatherapy industry Increasing popularity of premium and niche fragrances Growing demand from emerging markets |
| Key Market Dynamics | 1 Rising consumer demand for natural fragrances2 Increasing popularity of essential oils in aromatherapy3 Growing applications in cosmetics and personal care4 Expanding use in the food and beverage industry5 Health and wellness benefits driving market growth |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Bergamot Oil Market is expected to reach a valuation of 30.52 billion USD in 2023.
The Bergamot Oil Market is projected to grow at a CAGR of 4.49% from 2024 to 2032.
North America is expected to hold the largest share of the Bergamot Oil Market in 2023 due to the extensive use of bergamot oil in the region's food and beverage industry.
Bergamot Oil is primarily used in the food and beverage industry as a flavoring agent. It is also used in the cosmetics industry for its antibacterial and anti-inflammatory properties.
Some of the key competitors in the Bergamot Oil Market include Bergamia, Citrus Bergamot, and Star Chemicals.
The growth of the Bergamot Oil Market is driven by factors such as the increasing demand for natural and organic products, the rising popularity of bergamot oil in the food and beverage industry, and the growing awareness of the health benefits of bergamot oil.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Analyst Explore the profile of garvit vyas, one of our esteemed authors at market research future, and access their expert research contributions in the field of market research and industry analysis
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
