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Global Bergamot Extract Market to reach USD 138.59 million by the end of 2029

Global Bergamot Extract Market Size study & Forecast, by Nature (Organic and Conventional), by End-User (Foods & Beverages, Pharmaceuticals, Cosmetics, Personal Care Industry, and Others) and Regional Analysis, 2022-2029

Product Code: OIRFB-95347207
Publish Date: 8-02-2023
Page: 200

Global Bergamot Extract Market is valued at approximately USD 103.91 million in 2021 and is anticipated to grow with a healthy growth rate of more than 4.2% over the forecast period 2022-2029. Bergamot Extract is a citrus fruit and is native to southern Italy. Citrus bergamia or Citrus aurantium are the scientific names for bergamot. Bergamot essential oil is made by cold compression rather than steam distillation, in contrast to other essential oils. Bergamot oil is frequently found in high-end shampoos, soaps, and cleansers due to its broad use as a scent fixative in the cosmetic industry. Bergamot Extract is considered rich in plant-based antioxidants such as flavonoids neoeriocitrin, neohesperidin, and naringin. Moreover, it is used for controlling high levels of cholesterol in the blood and other medical conditions including anxiety, mental alertness, and joint pain, among others. The increasing demand for essential oils and growing prevalence of lifestyle diseases as well as rising cosmetics & personal care industry are key factors accelerating the market growth.

The surging demand for essential oils in wellness & healthcare is contributing to the growth of the Global Bergamot Extract Market. For instance, according to Statista – in 2020, the global market demand for essential oils was estimated at around 267.6 Kiloton, and the amount is projected to grow to 404.2 Kiloton by 2025. Moreover, the rising expansion of cosmetics & personal care industry is also driving the market growth. For instance, according to Statista – In 2018, the global cosmetics market was valued at USD 507.8 billion, and as per estimation, the market would grow to USD 758.4 billion by 2025. Also, growing adoption of aromatherapy and rising emergence of e-commerce platforms would create a lucrative growth prospectus for the market over the forecast period. However, the high extraction cost associated with Bergamot extract stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Bergamot Extract Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe dominated the market in terms of revenue, owing to the high cultivation of Bergamot fruit and increasing growth of the cosmetics & personal care industry in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising expansion of pharmaceutical industry, increasing demand for healthcare supplements and rising trend of medical tourism in the region.

Major market players included in this report are:
NutriONN Inc.
Swanson Health Inc.
Sunergetic Inc.
Lorann Oils
Double Wood Supplements
Twinlab Consolidated Corporation
Amoretti Inc.
Jarrow Formulas, Inc
Advanced Orthomolecular Research (AOR)
Mountain Rose Herbs, Inc.

Recent Developments in the Market:
 In March 2020, New Jersey, USA based healthcare company DolCas Biotech LLC launched a new clean-label blend of botanical extracts named Bergacyn for heart and liver health. This new formulation has been derived from the bergamot citrus fruit (Citrus bergamia) from Italy and Italian artichoke thistle leaf (Cynara cardunculus sylvestris). This new supplement is USDA and EU organic certified.

 In October 2021, Las Vegas, USA based plant-based extract provider, Healthy Extracts Inc launched its two new natural formulations, named Organic Citrus Bergamot for Women and Organic Citrus Bergamot

Global Bergamot Extract Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Nature, End-User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Nature
Organic
Conventional

By End-User
Foods & Beverages
Pharmaceuticals
Cosmetics
Personal Care Industry
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
1.2.1. Bergamot Extract Market, by Region, 2019-2029 (USD Million)
1.2.2. Bergamot Extract Market, by Nature, 2019-2029 (USD Million)
1.2.3. Bergamot Extract Market, by End-User, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Bergamot Extract Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Bergamot Extract Market Dynamics
3.1. Bergamot Extract Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Increasing demand for essential oils
3.1.1.2. Growing prevalence of lifestyle diseases
3.1.1.3. Rising cosmetics & personal care industry
3.1.2. Market Challenges
3.1.2.1. High extraction cost associated with Bergamot extract
3.1.3. Market Opportunities
3.1.3.1. Growing adoption of aromatherapy
3.1.3.2. Rising emergence of e-commerce platforms
Chapter 4. Global Bergamot Extract Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Bergamot Extract Market, by Nature
6.1. Market Snapshot
6.2. Global Bergamot Extract Market by Nature, Performance – Potential Analysis
6.3. Global Bergamot Extract Market Estimates & Forecasts by Nature 2019-2029 (USD Million)
6.4. Bergamot Extract Market, Sub Segment Analysis
6.4.1. Organic
6.4.2. Conventional
Chapter 7. Global Bergamot Extract Market, by End-User
7.1. Market Snapshot
7.2. Global Bergamot Extract Market by End-User, Performance – Potential Analysis
7.3. Global Bergamot Extract Market Estimates & Forecasts by End-User 2019-2029 (USD Million)
7.4. Bergamot Extract Market, Sub Segment Analysis
7.4.1. Foods & Beverages
7.4.2. Pharmaceuticals
7.4.3. Cosmetics
7.4.4. Personal Care Industry
7.4.5. Others
Chapter 8. Global Bergamot Extract Market, Regional Analysis
8.1. Bergamot Extract Market, Regional Market Snapshot
8.2. North America Bergamot Extract Market
8.2.1. U.S. Bergamot Extract Market
8.2.1.1. Nature breakdown estimates & forecasts, 2019-2029
8.2.1.2. End-User breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Bergamot Extract Market
8.3. Europe Bergamot Extract Market Snapshot
8.3.1. U.K. Bergamot Extract Market
8.3.2. Germany Bergamot Extract Market
8.3.3. France Bergamot Extract Market
8.3.4. Spain Bergamot Extract Market
8.3.5. Italy Bergamot Extract Market
8.3.6. Rest of Europe Bergamot Extract Market
8.4. Asia-Pacific Bergamot Extract Market Snapshot
8.4.1. China Bergamot Extract Market
8.4.2. India Bergamot Extract Market
8.4.3. Japan Bergamot Extract Market
8.4.4. Australia Bergamot Extract Market
8.4.5. South Korea Bergamot Extract Market
8.4.6. Rest of Asia Pacific Bergamot Extract Market
8.5. Latin America Bergamot Extract Market Snapshot
8.5.1. Brazil Bergamot Extract Market
8.5.2. Mexico Bergamot Extract Market
8.5.3. Rest of Latin America Bergamot Extract Market
8.6. Rest of The World Bergamot Extract Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. NutriONN Inc.
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Swanson Health Inc.
9.2.3. Sunergetic Inc.
9.2.4. Lorann Oils
9.2.5. Double Wood Supplements
9.2.6. Twinlab Consolidated Corporation
9.2.7. Amoretti Inc.
9.2.8. Jarrow Formulas, Inc
9.2.9. Advanced Orthomolecular Research (AOR)
9.2.10. Mountain Rose Herbs, Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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