Global Lime Seed Oils Market - 2022-2029

Global Lime Seed Oils Market - 2022-2029

Market Overview

Lime seed oil is an essential oil that is obtained from lime fruit seeds, initially lime seed oil is in crude form that is obtained by squeezing the lime seeds then this crude oil is filtered and refined to make an exciting vegetable oil with impressive fatty acid chain essential for the human body. Lime seed oil contains palmitic acid, which makes lime seed oil very stable in nature. The heating of lime seed oil is possible owing to the stable nature of palmitic acid in lime seed oil, without disturbing its natural properties at the fat stage while making cream and lotions. In addition, the lime seed oil has various useful properties such as antiseptic, prevents aging symptoms, fights infection, helps in reducing weight and joint pain, the lime seed oil is also used in various other industries such as cosmetics and fragrances, pharmaceutical, healthcare and food, due to which the demand is increasing tremendously over the forecast period.

Furthermore, owing to the multi-purpose uses and benefits of lime seed oil, it has a higher demand in the market. The properties of lime seed oil such as its non-greasy texture and its easy permeability into the skin, increases its demand to use as an essential ingredient in the cosmetic industry for the preparation of lotions, body butter, and other moisturizing creams. Also, lime seed oil can also be used as a vital component for anti-aging cream, the lime seed oil is used in soap making process and other toiletries.

Moreover, the availability of lime seed oil at various platforms such as online, offline and others, the increase in awareness about the benefits of lime seed oil attracts the consumers and ultimately increases its demand. This increase in demand enables manufacturers to introduce new products according to consumer demand such as organic and inorganic, which in turn increases the demand for lime seed oil in the market.

The global lime seed oils market was valued at USD YY million in 2021. It is forecasted to reach USD YY million by 2029, growing at a CAGR of 6.34% during the forecast period (2022-2029).

Market Dynamics: Use of lime seed oil in various industries is driving the growth of the market

Lime seed oil is used in various industries such as pharmaceuticals and personal care, cosmetics, healthcare and others because of benefits and multi-purpose usages is the main factor expected to drive the growth of the market. In addition, the rising inclination for lime seed oil in the cosmetics products industry for the preparation of moisturizing creams because owing to its non-greasy texture, benefits for skin and also it easily gets absorbed with the skin are other factors expected to fuel the growth of the global market.

In addition, lime seed oil is one of the reasonably needed oils which is associated with the other expensive counterparts of lime seed oil, which enables it to secure a moderately larger consumer base over others in the landscape of the necessary oil. Furthermore, with the significant consumer base which chooses natural and organic over conventional food ingredients, natural essential oils are constantly observing a progressively growing trajectory.

Moreover, lime seed oil manufacturers are progressively concentrating & contributing on introducing food-grade lime oil alternatives for both flavorings as well as preservation applications. In addition to this, commercial use of lime oil as a natural additive has been first noted in preserved, frozen, and vacuum-packed foods, in addition to bottled beverages and fruit juices. Thus, the widespread use of lime seed oil in various industries is driving the growth of the market.

Market Segmentation: Organic stands for the highest share in global lime seed oil market

In 2021, the organic segment had the highest revenue share of YY percent. This is mainly due to, the growing demand for organic products in developed and developing economies is expected to help the growth of the organic segment. In addition, the change in customer demand on organic products is one of the key trends likely to positively influence the lime oil market. This is due to the organic lime oil is gaining popularity among the consumers as it is obtained from pure, decidedly effective, and outstanding toxin-free organic farming. For instance, according to the sensory club organic essential oils are starting to get more attention.

Furthermore, the increasing awareness about the organic oil benefits such as it acts as a natural medication, because of the antimicrobial, antioxidant, and anti-inflammatory properties in them and makes them the most feasible choice for up-to-date health-conscious consumers.

Geographical Penetration: North America is the dominating region during the forecast period

In 2021, North America had the highest revenue share of YY percent. The increasing adoption of lime oil for applications in personal care products & cosmetics, and in food & beverage industries in the countries, like the US and Canada is expected to drive the growth of the North America lime oil market in the future. For instance, according to the Sensory Club, global essential oils market value in 2017 is estimated at $17.36 Billion and is expected to reach $27.5 Billion (Over 50% increase) in 5 years.

In addition, the market in the Asia Pacific is also projected to grow rapidly. This is due to the increasing usage of lime oil for pharmaceutical applications, and the highest production of lemon oil, mostly in developing countries such as India, and China, in the APAC region are factors expected to fuel the growth of the lime oil market.

Competitive Landscape:

The global lime seed oil market is competitive and comprises players such as Cargill Corp, Statfold Seed Oil Ltd, Stan Chem International Limited, Young Living Essential Oils LC, Phoenix Aromas & Essential Oils, LLC., Kerry Ingredients Holdings (U.K.) Limited, Shirley Price Aromatherapy Ltd, Sydney Essential Oil Co. Pty Limited, Citromax Flavors, Inc. and Symrise AG among others. The lime seed oil market competitiveness is estimated to increase over the forecast period as the key players focus on various strategies such as agreements and product innovation for various applications. Moreover, rising research and development activities for essential oil and rising demand for variety of lime seed oil in various industries enables manufacturers to launch new products in the market. Furthermore, manufacturers are also incorporating acquisition, joint ventures and collaborations to fulfill consumer demands.

For instance,
• In 2021, Kerry Group has expanded its footprint in Africa following its acquisition of Rwanda-based Afribon. This transaction further enhances Kerry’s focus as a leading business to business ingredient solutions provider for the food, beverage and pharmaceutical markets.

COVID-19 Impact: Negative effect global lime seed oil market

The lime seed oil market had a negative impact due to COVID 19 pandemic due to the shutdown of many companies that affected the manufacturing and trading of lime seed oil. Furthermore, the disruption in supply chain had slow down the sales lime seed oil market and decreased business. In addition, the rise in demand for e-commerce sector has led to alterations in business marketing strategies. However, there has been increase in the demand for lime seed oil, owing increased awareness about various benefits of lime seed oil which adds to the growth of the market.

The global lime seed oils market report would provide an access to approximately 53 market data tables, 43 figures and 171 pages