Citral Market,, By Application, By End User, By Geography

Description

The Citral Market size is valued at US$ 3.19 Bn in 2024 and is expected to reach US$ 5.11 Bn by 2031, growing at a compound annual growth rate (CAGR) of 7% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2023/2024:	US$ 3.19 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 - 2031
Forecast Period 2023/2024 to 2030/2031 CAGR:	7.00%	2030/2031 Value Projection:	US$ 5.11 Bn

Figure 1. Citral Market Share (%), By Region, 2024

Citral market has been witnessing steady growth in the recent years. Citral which is also known as 3,7-dimethyl-2,6-octadienal, is a crystalline, colorless liquid that occurs naturally in lemongrass oil. Derived commonly from lemongrass and litsea cubeba May Chang, it is used as a fragrance and flavoring agent in perfumes, soaps, lotions, and household products. It provides a lemony scent and is valued for its ability to mask unpleasant odors. As consumer's preference for natural ingredients rises and essential oil products continue to gain popularity, the demand for citral is surging in the personal care and home care industries. Citral is used for formulation of many types of cosmetic and personal care products including aftershave lotions, bath products, moisturizers, perfumes & colognes, and skin care products. Growing cosmetics & personal care industry is expected to boost growth of the citral market.

Market Dynamics:

The citral market is primarily driven by increasing application as a flavoring and fragrance agent in various sectors including food & beverages, personal care, home care, and others. Growing consumer preference for natural ingredients coupled with rising demand for aromatherapy and essential oils is fueling the market growth. Citral provides fresh, clean, lemony fragrance which makes it a popular choice for perfumes, soaps, detergents, and cleaning products. Changing lifestyle and growing middle-class population are also contributing to the market expansion. However, availability issues pertaining to raw materials that are used for citral extraction and price volatility associated with its natural derivatives hamper the market potential. On the positive side, expanding use in products like air fresheners and disinfectants opens new avenues.

Key features of the study:

This report provides an in-depth analysis of the citral market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the citral market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include BASF SE, Beijing Lys Chemicals Co. Ltd., Indukern SA, Industrial and Fine Chemicals, Kuraray Co. , Privi Specialty Chemicals Limited, Rajkeerth Aromatics and Biotech Pvt. Ltd., Symrise AG, Takasago International Corporation, Vee Kay International, and Zhejiang Xinchecheng Co. Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The citral market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the citral market.

Detailed Segmentation:

Citral Market, By Type
- Natural Citral
- Synthetic Citral
Citral Market, By Application
- Lemon Essence
- Vitamin
- Menthol
- Others
Citral Market, By End User
- Cosmetics & Personal Care
- Household Care,
- Pharmaceuticals
- Food & Beverages
- Others
Citral Market, By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Top Companies in the Citral Market:
- BASF SE
- Beijing Lys Chemicals Co. Ltd.
- Indukern SA
- Industrial and Fine Chemicals
- Kuraray Co. Ltd.
- Privi Specialty Chemicals Limited
- Rajkeerth Aromatics and Biotech Pvt. Ltd.
- Symrise AG
- Takasago International Corporation
- Vee Kay International
- Zhejiang Xinchecheng Co. Ltd.

Product Code: CMI4436

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Citral Market, By Type
- Citral Market, By Application
- Citral Market, By End User
- Citral Market, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Wide range of applications in perfumes, soaps, detergents and other products
- Restraints
Stringent regulations regarding usage of citral
- Opportunities
Development of new application areas
Key Highlights
Regulatory Scenario
Recent Trends
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Mergers, Acquisitions, and Collaborations

4. Citral Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Citral Market, By Type, 2019-2031 , (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019- 2031
- Segment Trends
Natural Citral
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Synthetic Citral
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)

6. Citral Market, By Application, 2019- 2031 (US$ Bn)

Introduction
- Market Share Analysis, 2019, 2022 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Lemon Essence
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Vitamin
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Menthol
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)

7. Citral Market, By End User , 2019 - 2031 (US$ Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Cosmetics & Personal Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Household Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Pharmaceuticals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Food & Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)

8. Citral Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019- 2031
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
GCC Countries
Israel
Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019-2031,(US$ Bn)
South Africa
Central Africa
North Africa

9. Competitive Landscape

Company Profile
- BASF SE
Company Overview
Component Portfolio
Financial Performance
Recent Developments/Updates
- Beijing Lys Chemicals Co. Ltd.
Company Overview
Component Portfolio
Financial Performance
Recent Developments/Updates
- Indukern SA
Company Overview
Component Portfolio
Financial Performance
Recent Developments/Updates
- Industrial and Fine Chemicals
Company Overview
Component Portfolio
Financial Performance
Recent Developments/Updates
- Kuraray Co. Ltd.
Company Overview
Component Portfolio
Financial Performance
Recent Developments/Updates
- Privi Specialty Chemicals Limited
Company Overview
Component Portfolio
Financial Performance
Recent Developments/Updates
- Rajkeerth Aromatics and Biotech Pvt. Ltd.
Company Overview
Component Portfolio
Financial Performance
Recent Developments/Updates
- Symrise AG
Company Overview
Component Portfolio
Financial Performance
Recent Developments/Updates
- Takasago International Corporation
Company Overview
Component Portfolio
Financial Performance
Recent Developments/Updates
- Vee kay International
Company Overview
Component Portfolio
Financial Performance
Recent Developments/Updates
- Zhejiang Xinchecheng Co. Ltd.
Company Overview
Component Portfolio
Financial Performance
Recent Developments/Updates
Analyst Views

10. Section

References
Research Methodology
About us