(Food-Beverage-News.Com, January 24, 2018 ) Fact.MR has recently added a new report to its vast online database. This research study is titled as “Lemon Oil Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022” which presents an in-depth study about the production, consumption, market volume, revenue (million USD) and market share across different geographical regions.
The lemon tree is native to Asia and is widely cultivated for its citrus fruit that is used across the world in both culinary and non-culinary ways. Initially grown purely for an aesthetic and ornamental purpose, the health-benefits of all aspects of the lemon tree have been exhaustively documented, particularly that of lemon oil. Lemon oil is considered an essential oil and is extremely popular for its refreshing, citrusy aroma that seems to reinvigorate people.
4 Key Insights on Future of Lemon Oil Market through 2022
· Lemon oil is a popular essential oil because of its refreshing, citrusy scent that seems to boost energy levels. Lemon oil has an extremely stimulating and calming influence on the mind and researchers have shown that smelling lemon oil improves an individual’s mood. Lemon oil easily blends with many essential oils such as rose oil, lavender oil, and sandalwood oil, making it very popular among herbalists who rely on aromatherapy. The aromatherapy segment is anticipated to grow to almost US$ 80 million in 2022, making it imperative for companies to target in the lemon oil market.
· Lemon oil finds great application in the food & beverage segment as it has a range of benefits. Lemon oil improves dull skin, has a detoxifying nature, and rejuvenates tired or sagging skin. Lemon oil also combats stress, anxiety, nervousness, and tension. Lemon oil is rich in vitamins that directly enhance the immune system and stimulate the white blood cells, improving the body’s ability to ward off diseases. It improves blood circulation, helps fight asthma, and provides relief from chronic insomnia. All of this ensures that lemon oil is vital in the food & beverage segment which is on track to cross US$ 75 million by the end of the forecast period.
· Lemon oil is used extensively in face washes, soaps, and several other skin care and cosmetic products because of its astringent, anti-infection, antifungal, disinfectant, antiseptic, and detoxifying properties. The cosmetics segment is predicted to have a revenue share of 12.1% by application segment in the lemon oil market and Europe alone is poised to be worth slightly above US$ 20 million in end 2022.
· Lemon oil has a unique aroma which makes it highly sought after in perfumes and other toiletries. Lemon oil is used in face-wash as it can improve the complexion and leave the skin feeling supple and soft. Lemon oil is nourishing and can even alleviate or ease pain-symptoms. The toiletries segment may have a small revenue share but can become lucrative if key players devise appropriate strategies as it wouldn’t be wise to overlook a potential market opportunity of almost US$ 35 million in 2022.
Numerous Uses of Lemon Oil to Benefit Lemon Oil Market
Lemon oil has astringent, antifungal, disinfectant, antiseptic, and detoxifying properties and it can be deployed in a variety of ways. Some examples include house cleaning, laundry, and air freshening. Lemon oil also blends extremely well with other essential oils such as tea tree oil, geranium oil, peppermint oil, sandalwood oil, rose oil, and lavender oil, making it a good choice for herbalists who rely on aromatherapy. All of this is anticipated to boost the overall lemon oil market which is predicted to cross US$ 410 million by the year 2022.
Natural Segment Winning Over Organic in the Lemon Oil Market
It is a two-horse race in the lemon oil market between the natural segment and the organic one with the scales tilted decisively in favor of the former. A revenue share exceeding two third of the lemon oil market by source type makes the natural segment extremely lucrative and a projected market size of almost US$ 300 million by the end of the forecast period attests the segment's dominance. Europe accounts for approx. 2/5th of the natural segment which can largely be attributed to the awareness and desire of customers in this region to opt for natural products whenever they are available. The organic segment is much smaller and is only a third of the lemon oil market in terms of revenue share. Europe dominates the organic segment as the region contributes almost as much to the lemon oil market as North America and APEJ combined.
Absolute and Concentrate Segments Focus Areas in Lemon Oil Market
Together, the absolute and concentrate segment are more than half of the lemon oil market revenue by form type and key stakeholders are advised to take this into consideration while devising their business strategies. The only two regions poised to have a market value in excess of US$ 40 million in the absolute segment of the lemon oil market are Europe and North America, with the former recording an impressive CAGR. The concentrate segment represents slightly over a quarter revenue share and it is predicted to remain steady during the course of the forecast period.
Competition Dashboard in the Lemon Oil Market
Key companies in the lemon oil market, which are expected to remain active in the market through 2022, are Citromax Flavors, American Vegetable Oils, Grief Inc., Fischer S/A, Citrus and Allied Essences, Askuvital, Aromaaz International, Biolandes, DoTERRA International, and Lionel Hitchen Essential Oils.
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