As per this study the Global Lemon Balm Extract Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%.
Lemon balm is the herb that belongs to the mint family and is popular as a culinary and medicinal plant. Lemon balm is also known as a cure all, honey plant, sweet mary and bee balm. It is used in perfumery and also as a flavoring agent in various cuisines. It has various medicinal properties that offer ease in cold sore, stress, insomnia, gastrointestinal problems and even Alzheimer disease.
Rising popularity for herbal extracts is driving market growth. Growing adoption of lemon balm extract in cosmetics, perfumes and food and beverages to impart flavor and fragrance is fueling the market growth. Use of lemon balm extract to treat indigestion, neurogenerative diseases, stress, and gastrointestinal problems are further expected to propel the market growth. On the flip side, side effects associated with excessive usage are likely to hamper the growth of this market.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of lemon balm extract.
The broad lemon balm extract market has been sub-grouped into formulation and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Powder Form
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for lemon balm extract in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Lemon Balm Extract Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the lemon balm extract market include Foodchem International Corporation, Jiaherb Inc., Martin Bauer GmbH & Co. KG, Nexira Inc., Productos Quimicos Gonmisol SA and Xi'an Hao-Xuan Bio-Tech Co., Ltd. among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.