Rockville, MD -- (SBWIRE) -- 03/29/2018 -- Apart from being delicious, grapefruits are loaded with nutrients and antioxidants, which gives grapefruit a variety of uses and health benefits. This citrus fruit is rich in antioxidants and is abundant in vitamin C. Hence, the consumption of grapefruit boosts the functioning of the immune system of the body and also protects the body from the ill effects of free radicals. Grapefruit oil also possesses antiviral and antimicrobial properties, and hence, it is a good disinfectant. The consumption of grapefruit oil not only protect the body from various infections, but also destroy harmful bacterial elements that are already present in the body. Grapefruit oil is also effective against infections of the skin.
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One of the most popular use of grapefruit oil is in the area of weight management and it helps in reducing the appetite. Also, due to the diuretic properties of grapefruit oil, it promotes urination and helps the kidneys to get rid of the toxins. The consumption of grapefruit oil also aids in reducing the blood pressure to keep the heart healthy. The global grapefruit oil market is forecasted to exhibit a CAGR of 4.0% during the assessment period of 2017-2022.
Natural Segment is Dominant Amongst the Source Type Segment
As far as the global grapefruit oil market's source type segment is concerned, the largest segment is natural, which represents more than two-third of the total value of the market at the end of the year 2017 and is growing at a moderate CAGR during the forecast period. The natural segment is growing at US$ 9.5 Mn annually over the course of the forecast period, and this absolute growth is larger than any other segment.
Absolute Segment in Form Type to Demonstrate a Moderate CAGR during the Forecast Period
As per the forecast of Fact.MR, the absolute segment is slated to reach a value of US$ 143 Mn in 2022. This segment is poised to demonstrate a moderate CAGR during the forecast period. Absolute segment is estimated to account for more than one-third of the revenue share of the form type segment by the end of the year 2017 and is expected to lose a bit of market share by the year 2022 end. The largest share is contributed by Europe region in absolute segment.
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Therapeutics Segment is Estimated to Account for Nearly One-Fifth of the Revenue Share of the Application Segment By 2017
Fact.MR forecasts the therapeutics segment to reach a value of US$ 61.2 Mn in 2017. The therapeutics segment is slated to grow at a moderate CAGR during the forecast period. The largest share is contributed by Europe region in therapeutics market. This represented US$ 25.4 Mn, or 41.4% of the market in 2017.
Important Companies Operating in the Global Grapefruit Oil Market
The key companies operating in the global grapefruit 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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