Global Lemon Oil Market 2017: Industry Player, Price, Revenue, Share, Trends and Forecast Until 2022

Posted on 2018-06-07 by Mark Hub in Food & Beverage // 0 Comments

ROCKVILLE, US, 2018-Jun-07 — /EPR Network/ — Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of Lemon Oil Market. The study is titled as “Lemon Oil Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the Global Lemon Oil Market.

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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.

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. 2/5^th 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.

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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.

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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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Food & Beverages Market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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