As per this study the Global Lemongrass Oil Market was valued USD XX MN (by revenue) in 2019 and is anticipated to reach USD XX MN by 2026 with a CAGR of 8%.
Lemongrass oil is an essential oil with fresh and citrusy fragrance, extracted from lemongrass. Lemongrass oil is anti-bacterial, anti-fungal, anti-depressant, anti-pyretic, antiseptic, and astringent. It is mainly used to improve digestion, relieve stress, anxiety, reduces cholesterol level, aids cancer treatment and many more.
Rising adoption of lemongrass oil in aromatherapy is driving the market growth. Owing to excellent therapeutic properties such as anti-depressant, antiseptic, anti-bacterial, etc. it is widely used in pain balm, disinfectant and insect repellent cream. Rising application in cosmetic and personal care products such as soaps, perfumes, and deodorants to give natural citrus fragrance is again boosting the market demand.
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 lemongrass oil.
The broad lemongrass oil market has been sub-grouped into application. 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.
- Cosmetics & Personal Care
- Food And Beverage
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for lemongrass oil 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.
Europe Lemongrass Oil Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the lemongrass oil market include doTerra, Sydella Laboratoire, Essential Oils of New Zealand, Falcon, Rajkeerth Aromatics, Reho natural ingredients, The Leburmuth Company, West India Spices Inc. and Young Living Essential Oils. 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.