Rockville, MD -- (SBWIRE) -- 03/30/2018 -- Bergamot oil has a variety of uses due to which it is becoming rapidly popular with the consumers. The special components found in the bergamot oil are antidepressant and stimulating in nature, and create a sense of zeal and enthusiasm by improving the blood circulation. Bergamot oil also helps in maintaining the proper metabolism of the body, by stimulating the hormonal secretions. Bergamot oil also aids in proper secretion of the digestive juices, bile and insulin, thereby helping the process of digestion in the body and maintaining proper sugar levels in the body. Bergamot oil is also antiseptic in nature. It also works as an analgesic, and reduces the feeling of pain in the body. Apart from these incredible benefits, bergamot oil is also used in aromatherapy, food and beverages, cosmetics and toiletries.
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The global bergamot oil market is forecasted to exhibit a CAGR of 3.9% during the assessment period of 2017-2022.
Europe is the Most Attractive Market for Bergamot Oil
Europe is going to be the most attractive market for bergamot oil in revenue terms in the year 2017 and this trend is projected to sustain itself all through the forecast period from 2017 till 2022. The Europe market is forecasted to exhibit a CAGR of 4.9% during the forecast period.
Organic Segment to Demonstrate a Moderate CAGR during the Forecast Period
As per the forecast of Fact.MR, the organic segment is poised to reach a value of US$ 11 Mn in the year 2022. This represents a moderate CAGR growth for the segment during the forecast period. Organic segment is estimated to account for more than one-third of the revenue share of the source type segment by the year 2017. The largest share is contributed by Europe in the organic bergamot oil market. Growing preference for organic products in the European market is attributed to be the cause of this trend.
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Aromatherapy Segment to Garner Significant Revenues in the Global Bergamot Oil Market
As per the forecast of Fact.MR, the aromatherapy segment was valued at US$ 4.8 Mn in the year 2017 and is poised to exhibit a moderate CAGR during the forecast period. Aromatherapy segment is expected to account for nearly one-fifth of the total revenue share of the application segment in the year 2017 and is expected to lose some value by the year 2022, i.e., at the end of the forecast period.
Key Companies Operating in the Global Bergamot Oil Market
The important companies operating in the global bergamot oil market are Fischer S/A - Com. Ind. e Agricultura (Citrosuco Paulista SA), Citromax Flavors, Inc. (Citromax S.A.C.I.), Citrus and Allied Essences Ltd., Bontoux S.A.S., Lionel Hitchen Essential Oils Ltd., Citrus Oleo, Symrise AG, Young Living Essential Oils LC, Mountain Rose Herbs, Inc., and do Terra International.
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