Lemongrass Oil Market
Growth Factors of Lemongrass Oil Market
The Lemongrass Oil market size was valued at USD 50.29 million in 2023, and the market is now projected to grow from USD 55.11 million in 2024 to USD 123.73 million by 2032, exhibiting a CAGR of 10.64% during the forecast period of 2024-2032.
The challenge of COVID-19 widespread caused havoc to the overall generation and supply chain of nearly all businesses. In any case, the widespread emphatically affected the lemongrass deals around the world. The antibacterial and antifungal properties of lemongrass encouraged its utilization as larger part of the clients were looking for items, defined with natural/medicinal extricates. In this way, lemongrass was profoundly utilized within the arrangement of hand sanitizers and seen a promising lemongrass oil market growth.
In the previous years, a few spas and wellness centers have embraced fragrance-based treatment as a treatment strategy. These centers have gotten to be more particular approximately their item employments. Hence, the inquire about and improvement consumption of more viable items, forms, administrations, and advances is massively increasing, which is anticipated to affect the market development emphatically. Lemongrass oil is one of the broadly utilized essential oils in fragrance-based treatment, and it is utilized to induce freed of fear, discouragement, and uneasiness. It moreover helps as a tranquilizer and energizes a tired intellect and body, assist boosting the worldwide market. These item benefits are likely to drive the lemongrass oil market development within the coming a long time.
Customarily, lemongrass essential oil is broadly utilized in scents, individual care, and fragrance-based treatment, but, in later a long time, the rising application of the item in a few other businesses such as nourishment and refreshments, pharmaceuticals, and beauty care products is expected to drive item deals. The citrusy scent of the item is utilized in corrective and pharmaceutical businesses for controlling pathogens. In addition, it is additionally utilized as a powerful mosquito repellent.
Comprehensive Analysis of Lemongrass Oil Market
The bifurcation of the product type in the market is categorized into pure oil and blend of oil. The pure oil portion held a prevailing share of the market. Pure oil rules the worldwide commercial center due to its predominant useful and organoleptic characteristics and solid request elements. On the basis of utilization, the worldwide market is portioned into nourishment and refreshments, scents, individual care & fragrance-based treatment, pharmaceuticals and therapeutic definitions, and others. The scents, individual care & fragrance-based treatment portion is anticipated to hold the most extreme share. This oil contains antibacterial, antifungal, and antioxidant components making it a predominant choice for customers searching for faultless skin and thick & healthy hair.
The demand for the lemongrass oil market share globally in European region has been developing at a noteworthy pace with an esteemed value of USD 20.91 million. Comparing to the require, holes & necessities, the European companies have the vision to offer high-quality items. The key market players over the region have well-equipped generation units, adequately kept an eye on research facilities, and a group of specialized and qualified specialists who carry out a differing extend of exercises related to the quality of items. The rising center on innovative headway is expected to drive the territorial market. In addition, the rising notoriety of fragrance-based treatment in key markets of the U.K., Germany, and France is expected to assist contribute to item deals.
The worldwide advertise remains divided due to the nearness of neighborhood and private-label brands in several regions in the global market. In any case, innovative progressions coming about in predominant item quality are the key for maintainable development direction of lemongrass oil. Companies, such as the Lebermuth Company (U.S.), doTERRA (U.S.), Aura Cacia (U.S.), Mountai Rose Herbs (U.S.), NOW Health Group Inc. (U.S.), Plant Therapy Essential Oils (U.S.), Ultra International B.V. (The Netherlands) and Young Living Essential Oils (U.S.), set out on new item dispatches and base development to extend their conspicuousness within the commercial center.
In October 2023, the company Modern Original People Care (MOP), a premium-quality, customizable haircare thing supplier, reported lemongrass volume collection for salons. Both the cleanser and conditioner are made by utilizing extricates of lemongrass and chamomile, which include volume and dampness to the hair.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Unit Value (USD Million)
Growth Rate CAGR of 10.64% from 2024-2032
Segmentation By Type
- Pure Oil
- Blend
- Food & Beverages
- Fragrances, Personal Care & Aromatherapy
- Pharmaceuticals and Medicinal Formulations
- Others
- North America (By Type, Application, and Country)
- U.S. (By Application)
- Canada (By Application)
- Mexico (By Application)
- Europe (By Type, Application, and Country)
- Germany (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- U.K. (By Application)
- Rest of Europe (By Application)
- Asia Pacific (By Type, Application, and Country)
- China (By Application)
- India (By Application)
- Japan (By Application)
- Australia (By Application)
- Rest of Asia Pacific (By Application)
- South America (By Type, Application, and Country)
- Brazil (By Application)
- Argentina (By Application)
- Rest of South America (By Application)
- Middle East and Africa (By Type, Application, and Country)
- South Africa (By Application)
- UAE (By Application)
- Rest of ME&A (By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Overview of the Parent Markets
- 4.2. Industry SWOT Analysis
- 4.3. Supply Chain and Regulatory Analysis
- 4.4. Recent Industry Developments - Policies, Mergers & Acquisitions, and New Product Launches
- 4.5. Market Analysis and Insights (in Relation with COVID-19)
- 4.5.1. Impact of COVID-19 on the Market
- 4.5.2. Supply Chain Challenges due to the Pandemic
- 4.5.3. Potential Opportunities Due to COVID-19
- 5. Global Lemongrass Oil Market Analysis, Insights and Forecast, 2019-2032
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Type (Value)
- 5.2.1.1. Pure Oil
- 5.2.1.2. Blend
- 5.2.2. By Application (Value)
- 5.2.2.1. Food & Beverages
- 5.2.2.2. Fragrances, Personal Care & Aromatherapy
- 5.2.2.3. Pharmaceuticals and Medicinal Formulations
- 5.2.2.4. Others
- 5.2.3. By Region (Value)
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia Pacific
- 5.2.3.4. South America
- 5.2.3.5. Middle East & Africa
- 6. North America Lemongrass Oil Market Analysis, Insights and Forecast, 2019-2032
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Type (Value)
- 6.2.1.1. Pure Oil
- 6.2.1.2. Blend
- 6.2.2. By Application (Value)
- 6.2.2.1. Food & Beverages
- 6.2.2.2. Fragrances, Personal Care & Aromatherapy
- 6.2.2.3. Pharmaceuticals and Medicinal Formulations
- 6.2.2.4. Others
- 6.2.3. By Country (Value)
- 6.2.3.1. U.S.
- 6.2.3.1.1. By Application (Value)
- 6.2.3.1.1.1. Food & Beverages
- 6.2.3.1.1.2. Fragrances, Personal Care & Aromatherapy
- 6.2.3.1.1.3. Pharmaceuticals and Medicinal Formulations
- 6.2.3.1.1.4. Others
- 6.2.3.2. Canada
- 6.2.3.2.1. By Application (Value)
- 6.2.3.2.1.1. Food & Beverages
- 6.2.3.2.1.2. Fragrances, Personal Care & Aromatherapy
- 6.2.3.2.1.3. Pharmaceuticals and Medicinal Formulations
- 6.2.3.2.1.4. Others
- 6.2.3.3. Mexico
- 6.2.3.3.1. By Application (Value)
- 6.2.3.3.1.1. Food & Beverages
- 6.2.3.3.1.2. Fragrances, Personal Care & Aromatherapy
- 6.2.3.3.1.3. Pharmaceuticals and Medicinal Formulations
- 6.2.3.3.1.4. Others
- 7. Europe Lemongrass Oil Market Analysis, Insights and Forecast, 2019-2032
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Type (Value)
- 7.2.1.1. Pure Oil
- 7.2.1.2. Blend
- 7.2.2. By Application (Value)
- 7.2.2.1. Food & Beverages
- 7.2.2.2. Fragrances, Personal Care & Aromatherapy
- 7.2.2.3. Pharmaceuticals and Medicinal Formulations
- 7.2.2.4. Others
- 7.2.3. By Country (Value)
- 7.2.3.1. Germany
- 7.2.3.1.1. By Application (Value)
- 7.2.3.1.1.1. Food & Beverages
- 7.2.3.1.1.2. Fragrances, Personal Care & Aromatherapy
- 7.2.3.1.1.3. Pharmaceuticals and Medicinal Formulations
- 7.2.3.1.1.4. Others
- 7.2.3.2. France
- 7.2.3.2.1. By Application (Value)
- 7.2.3.2.1.1. Food & Beverages
- 7.2.3.2.1.2. Fragrances, Personal Care & Aromatherapy
- 7.2.3.2.1.3. Pharmaceuticals and Medicinal Formulations
- 7.2.3.2.1.4. Others
- 7.2.3.3. Italy
- 7.2.3.3.1. By Application (Value)
- 7.2.3.3.1.1. Food & Beverages
- 7.2.3.3.1.2. Fragrances, Personal Care & Aromatherapy
- 7.2.3.3.1.3. Pharmaceuticals and Medicinal Formulations
- 7.2.3.3.1.4. Others
- 7.2.3.4. Spain
- 7.2.3.4.1. By Application (Value)
- 7.2.3.4.1.1. Food & Beverages
- 7.2.3.4.1.2. Fragrances, Personal Care & Aromatherapy
- 7.2.3.4.1.3. Pharmaceuticals and Medicinal Formulations
- 7.2.3.4.1.4. Others
- 7.2.3.5. U.K.
- 7.2.3.5.1. By Application (Value)
- 7.2.3.5.1.1. Food & Beverages
- 7.2.3.5.1.2. Fragrances, Personal Care & Aromatherapy
- 7.2.3.5.1.3. Pharmaceuticals and Medicinal Formulations
- 7.2.3.5.1.4. Others
- 7.2.3.6. Rest of Europe
- 7.2.3.6.1. By Application (Value)
- 7.2.3.6.1.1. Food & Beverages
- 7.2.3.6.1.2. Fragrances, Personal Care & Aromatherapy
- 7.2.3.6.1.3. Pharmaceuticals and Medicinal Formulations
- 7.2.3.6.1.4. Others
- 8. Asia Pacific Lemongrass Oil Market Analysis, Insights and Forecast, 2019-2032
- 8.1. Key Findings / Summary
- 8.1.1. Market Size Estimates and Forecast
- 8.1.2. By Type (Value)
- 8.1.2.1. Pure Oil
- 8.1.2.2. Blend
- 8.1.3. By Application (Value)
- 8.1.3.1. Food & Beverages
- 8.1.3.2. Fragrances, Personal Care & Aromatherapy
- 8.1.3.3. Pharmaceuticals and Medicinal Formulations
- 8.1.3.4. Others
- 8.1.4. By Country (Value)
- 8.1.4.1. China
- 8.1.4.1.1. By Application (Value)
- 8.1.4.1.1.1. Food & Beverages
- 8.1.4.1.1.2. Fragrances, Personal Care & Aromatherapy
- 8.1.4.1.1.3. Pharmaceuticals and Medicinal Formulations
- 8.1.4.1.1.4. Others
- 8.1.4.2. India
- 8.1.4.2.1. By Application (Value)
- 8.1.4.2.1.1. Food & Beverages
- 8.1.4.2.1.2. Fragrances, Personal Care & Aromatherapy
- 8.1.4.2.1.3. Pharmaceuticals and Medicinal Formulations
- 8.1.4.2.1.4. Others
- 8.1.4.3. Japan
- 8.1.4.3.1. By Application (Value)
- 8.1.4.3.1.1. Food & Beverages
- 8.1.4.3.1.2. Fragrances, Personal Care & Aromatherapy
- 8.1.4.3.1.3. Pharmaceuticals and Medicinal Formulations
- 8.1.4.3.1.4. Others
- 8.1.4.4. Australia
- 8.1.4.4.1. By Application (Value)
- 8.1.4.4.1.1. Food & Beverages
- 8.1.4.4.1.2. Fragrances, Personal Care & Aromatherapy
- 8.1.4.4.1.3. Pharmaceuticals and Medicinal Formulations
- 8.1.4.4.1.4. Others
- 8.1.4.5. Rest of Asia Pacific
- 8.1.4.5.1. By Application (Value)
- 8.1.4.5.1.1. Food & Beverages
- 8.1.4.5.1.2. Fragrances, Personal Care & Aromatherapy
- 8.1.4.5.1.3. Pharmaceuticals and Medicinal Formulations
- 8.1.4.5.1.4. Others
- 9. South America Lemongrass Oil Market Analysis, Insights and Forecast, 2019-2032
- 9.1. Key Findings / Summary
- 9.1.1. Market Size Estimates and Forecast
- 9.1.2. By Type (Value)
- 9.1.2.1. Pure Oil
- 9.1.2.2. Blend
- 9.1.3. By Application (Value)
- 9.1.3.1. Food & Beverages
- 9.1.3.2. Fragrances, Personal Care & Aromatherapy
- 9.1.3.3. Pharmaceuticals and Medicinal Formulations
- 9.1.3.4. Others
- 9.1.4. By Country (Value)
- 9.1.4.1. Brazil
- 9.1.4.1.1. By Application (Value)
- 9.1.4.1.1.1. Food & Beverages
- 9.1.4.1.1.2. Fragrances, Personal Care & Aromatherapy
- 9.1.4.1.1.3. Pharmaceuticals and Medicinal Formulations
- 9.1.4.1.1.4. Others
- 9.1.4.2. Argentina
- 9.1.4.2.1. By Application (Value)
- 9.1.4.2.1.1. Food & Beverages
- 9.1.4.2.1.2. Fragrances, Personal Care & Aromatherapy
- 9.1.4.2.1.3. Pharmaceuticals and Medicinal Formulations
- 9.1.4.2.1.4. Others
- 9.1.4.3. Rest of South America
- 9.1.4.3.1. By Application (Value)
- 9.1.4.3.1.1. Food & Beverages
- 9.1.4.3.1.2. Fragrances, Personal Care & Aromatherapy
- 9.1.4.3.1.3. Pharmaceuticals and Medicinal Formulations
- 9.1.4.3.1.4. Others
- 10. Middle East and Africa Lemongrass Oil Market Analysis, Insights and Forecast, 2019-2032
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Type (Value)
- 10.2.1.1. Pure Oil
- 10.2.1.2. Blend
- 10.2.2. By Application (Value)
- 10.2.2.1. Food & Beverages
- 10.2.2.2. Fragrances, Personal Care & Aromatherapy
- 10.2.2.3. Pharmaceuticals and Medicinal Formulations
- 10.2.2.4. Others
- 10.2.3. By Country (Value)
- 10.2.3.1. South Africa
- 10.2.3.1.1. By Application (Value)
- 10.2.3.1.1.1. Food & Beverages
- 10.2.3.1.1.2. Fragrances, Personal Care & Aromatherapy
- 10.2.3.1.1.3. Pharmaceuticals and Medicinal Formulations
- 10.2.3.1.1.4. Others
- 10.2.3.2. UAE
- 10.2.3.2.1. By Application (Value)
- 10.2.3.2.1.1. Food & Beverages
- 10.2.3.2.1.2. Pharmaceuticals and Medicinal Formulations
- 10.2.3.2.1.3. Fragrances, Personal Care & Aromatherapy
- 10.2.3.2.1.4. Others
- 10.2.3.3. Rest of Middle East & Africa
- 10.2.3.3.1. By Application (Value)
- 10.2.3.3.1.1. Food & Beverages
- 10.2.3.3.1.2. Fragrances, Personal Care & Aromatherapy
- 10.2.3.3.1.3. Pharmaceuticals and Medicinal Formulations
- 10.2.3.3.1.4. Others
- 11. Competitive Matrix
- 11.1. Global Market Share/Ranking Analysis
- 11.2. Competition Dashboard – Strategy Analysis
- 11.3. Company Profiles
- 11.3.1. The Lebermuth Company
- 11.3.1.1. Overview
- 11.3.1.2. Description
- 11.3.1.3. Type Portfolio
- 11.3.1.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.1.5. Recent Developments
- 11.3.2. doTERRA
- 11.3.2.1. Overview
- 11.3.2.2. Description
- 11.3.2.3. Type Portfolio
- 11.3.2.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.2.5. Recent Developments
- 11.3.3. Young Living Essential Oils
- 11.3.3.1. Overview
- 11.3.3.2. Description
- 11.3.3.3. Type Portfolio
- 11.3.3.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.3.5. Recent Developments
- 11.3.4. Aura Cacia
- 11.3.4.1. Overview
- 11.3.4.2. Description
- 11.3.4.3. Type Portfolio
- 11.3.4.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.4.5. Recent Developments
- 11.3.5. Edens Garden Inc.
- 11.3.5.1. Overview
- 11.3.5.2. Description
- 11.3.5.3. Type Portfolio
- 11.3.5.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.5.5. Recent Developments
- 11.3.6. Mountain Rose Herbs
- 11.3.6.1. Overview
- 11.3.6.2. Description
- 11.3.6.3. Type Portfolio
- 11.3.6.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.6.5. Recent Developments
- 11.3.7. NOW Health Group, Inc.
- 11.3.7.1. Overview
- 11.3.7.2. Description
- 11.3.7.3. Type Portfolio
- 11.3.7.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.7.5. Recent Developments
- 11.3.8. Phoenix Aromas & Essential Oils LLC
- 11.3.8.1. Overview
- 11.3.8.2. Description
- 11.3.8.3. Type Portfolio
- 11.3.8.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.8.5. Recent Developments
- 11.3.9. Ultra International B.V.
- 11.3.9.1. Overview
- 11.3.9.2. Description
- 11.3.9.3. Type Portfolio
- 11.3.9.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.9.5. Recent Developments
- 11.3.10. Plant Therapy Essential Oils
- 11.3.10.1. Overview
- 11.3.10.2. Description
- 11.3.10.3. Type Portfolio
- 11.3.10.4. Financials (Data as available in public domain and/or on paid databases)
- 11.3.10.5. Recent Developments
- 12. Strategic Recommendations
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