Lemongrass Oil Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Pure Oil, Blend), By Application (Food And Beverage, Fragrances, Personal Care And Aromatherapy, Pharmaceuticals And Medicinal Formulations), By Packaging (Glass Jar, Botte, Tub, Tube, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Feb 2023
- Report Code : KSI061614403
- Pages : 145
The lemongrass plant produces an essential oil named lemongrass oil. Its aroma is similar to lemons and contains numerous medicinal qualities, which include antiseptic, antifungal, and anti-inflammatory. Lemon grass oil is utilized to enhance digestion, cleanse the body, lower cholesterol, relieve stress, support the neurological system, and dismiss menstrual cramps.
Rising consumer familiarity with the health benefits of lemongrass oil is a major component of the development of the global market. Lemongrass is becoming more and more accepted among consumers as people begin to favour natural remedies. Moreover, drivers involved in the expansion of the international lemon grass market include the increasing admiration of aromatherapy, therefore, expanding the accessibility of aromatherapy diffusers, candles, and oils. Lemongrass oil comprises all the major vitamins, including B1, B2, B3, B5, and B6, and also the healthy minerals potassium, magnesium, phosphorus, calcium, and zinc.
The usage of lemongrass in cookery might be amongst its most extensive applications. Lemongrass has been used extensively in Asian teas, curries, soups, seafood, meats, and other dishes. Owing to its distinguishing flavour, it is often utilised in the food industry in baked goods and candies. Lemongrass essential oil has been always been used in personal care products, fragrances, and aromatherapy. However, in recent years, lemongrass oil has also found growing usage in various other sectors as well, including pharmaceuticals, food and beverage, and cosmetics, which is predicted to boost product sales. The product's zesty scent is used in the cosmetic, perfumery, and pharmaceutical industries to eradicate the breeding of microorganisms. Furthermore, the product's therapeutic and pharmacological significance has intensely expanded in recent years. Numerous studies have revealed that chemicals produced from lemongrass oil have an extensive variety of positive bioactivities, including anti-inflammatory, antioxidant, allelopathic, fly, antibacterial, mosquito, and insect-repellant properties. In addition, it also aids as a natural food preservative.
Increasing accessible oil extraction to support market growth.
The usage of lemongrass oil is predicted to upsurge owing to the variety of oil extraction methods and improved oil extraction. It is projected that amplified funding for appropriate extraction method research and development will hasten product uptake. For illustration, scholars from TU Delft and Amrita University carried out a ground investigation in Kerala, India, to find local resources that had renewable energy sources for creating and building a low-cost oil distillation machine. Furthermore, it is anticipated that superior consumer awareness of the product's health advantages will accelerate its acceptance. These essentials might upsurge the market for lemongrass oil.
Increasing knowledge of the advantages of lemongrass oil among the public can surge growth
Lemongrass comprises aldehydes, which are recognised for their ability to support good gastrointestinal function when consumed. Adding a few drops of lemongrass oil to food or drink can enhance flavour and deliver dietary support. Lemongrass oil is often used in massages since it is a soothing oil. The oil has a stimulating scent and calming effects. It is a great choice to use during massage sessions as it has cleansing effects on the skin. Lemongrass is often used in skin care routines to aid in clean, toned skin since it has skin-purifying and toning properties. Lemongrass oil, like Melaleuca, can support endorsing the appearance of strong fingernails and toenails.
Europe is projected to be the prominent market shareholder in the lemongrass oil market and is anticipated to continue throughout the forecast period.
The product has seen a noticeable increase in demand. European businesses have the vision to provide high-quality items in response to the need, gaps, and criteria. The major participants in the market have well-equipped production facilities, adequately staffed laboratories, and a group of qualified and specialised professionals that perform a wide range of tasks related to product quality. The regional market is predicted to be driven by the increased emphasis on technological advancement. Additionally, it is projected that the growing acceptance of aromatherapy in important markets like the U.K., Germany, and France will boost product sales even more.
On the other hand, North American product sales are predicted to experience considerable growth over the next years as a result of rising demand for premium and all-natural goods as well as rising consumption of cosmetic and personal care products that contain natural ingredients.
Market Key Developments
- In June 2021, A U.S. company called MOXE just unveiled its new line of shower mists infused with essential oils. Customers can use the simple spa solution to sprinkle the walls for a soothing effect.
- In January 2021, DoTERRA declared that it would formally grow and establish outlets in India. This base expansion can assist a business in growing both its customer base and revenue.
Lemongrass Oil Market Scope:
|Growth Rate||CAGR during the forecast period|
|Forecast Period||2023 – 2028|
|Forecast Unit (Value)||USD Billion|
|Segments Covered||Type, Application, Packaging, And Geography|
|Regions Covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies Covered||The Lebermuth Company, DoTERRA, Young Living Essential Oils, Aura Cacia, Edens Garden Inc., Mountain Rose Herbs, NOW Health Group, Inc, Phoenix Aromas and Essential Oils LLC, Ultra International B.V., Plant Therapy Essential Oils|
|Customization Scope||Free report customization with purchase|
- By Type
- Pure Oil
- By Application
- Food and Beverage
- Personal Care and Aromatherapy
- Pharmaceuticals and medicinal formulations
- By Packaging
- Glass Jar
- By Geography
- North America
- South America
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.7. Base and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Force Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. LEMONGRASS OIL MARKET ANALYSIS, BY TYPE
5.2. Pure Oil
6. LEMONGRASS OIL MARKET ANALYSIS, BY APPLICATION
6.2. Food and Beverage
6.4. Personal Care and Aromatherapy
6.5. Pharmaceuticals and medicinal formulations
7. LEMONGRASS OIL MARKET ANALYSIS, BY GEOGRAPHY
7.2. North America
7.2.1. United States
7.3. South America
7.4.1. United Kingdom
7.5. The Middle East and Africa
7.5.1. Saudi Arabia
7.6. Asia Pacific
7.6.4. South Korea
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1 Major Players and Strategy Analysis
8.2 Emerging Players and Market Lucrativeness
8.3 Mergers, Acquisitions, Agreements, and Collaborations
8.4 Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1 The Lebermuth Company
9.3 Young Living Essential Oils
9.4 Aura Cacia
9.5 Edens Garden Inc.
9.6 Mountain Rose Herbs
9.7 NOW Health Group, Inc
9.8 Phoenix Aromas and Essential Oils LLC
9.9 Ultra International B.V.
9.10 Plant Therapy Essential Oils
The Lebermuth Company
Edens Garden Inc.
Mountain Rose Herbs
NOW Health Group, Inc
Phoenix Aromas and Essential Oils LLC
Ultra International B.V.
Plant Therapy Essential Oils
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