Lemon Oil and Lemon Extracts Market Share, Size, Trends, Industry Analysis Report, By Type (Lemon Oil and Lemon Extracts); By Category; By Application; By Region; Segment Forecast, 2023 - 2032
- Published Date:Jul-2023
- Pages: 114
- Format: PDF
- Report ID: PM3525
- Base Year: 2022
- Historical Data: 2019-2021
Report Outlook
The global lemon oil and lemon extracts market was valued at USD 1,302.13 million in 2022 and is expected to grow at a CAGR of 4.4% during the forecast period. The growing convenience food industry is the key factor driving the growth of the lemon oil and extracts market. Convenience foods, pre-prepared or partially prepared meals, and snacks that require minimal preparation are increasingly popular among consumers looking for quick and easy meal solutions. Lemon oil and lemon extracts are widely used in the convenience food industry as flavoring agents for various products, including baked goods, snacks, and ready-to-eat meals. These products are designed to be convenient and easy to prepare while delivering a high flavor and nutritional value. This will further fuel the growth of the market in the coming years.
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Industry Dynamics
Growth Drivers
Lemon oil & its extracts are widely used in the food & beverage industry to enhance the flavor and aroma of a wide range of products, including soft drinks, bakery and confectionery products, and alcoholic and non-alcoholic beverages. As the demand for processed and convenience foods grows, the need for lemon oil is also expected to increase. With 55% of millennials acknowledging that convenience is a major factor in their purchasing decisions, there is an increasing need for more convenient eating options. This will further create a wide range of opportunities for the market in the coming years.
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Report Segmentation
The market is primarily segmented based on type, category, application and region.
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By Type |
By Category |
By Application |
By Region |
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Lemon Oil segment is expected to witness fastest growth during forecast period
The lemon oil segment is projected to grow faster in the study period. Lemon oil is widely used as a flavoring agent in the food and beverage industry due to its tangy, citrus flavor and aroma. It is used in various food and beverage products such as candies, desserts, soft drinks, alcoholic and non-alcoholic beverages, and baked goods. The demand for natural and organic food and beverage products is increasing, which has led to the growing demand for biological flavoring agents such as lemon oil. It is also used in the cosmetic and personal care industry for its antiseptic and astringent properties. It is used in various personal care and cosmetic products, such as skin creams, lotions, shampoos, and soaps. The use of natural ingredients in personal care products is also on the rise, which is contributing to the growth of the lemon oil segment.
Organic accounted for the largest market share in the study period
The organic segment will witness a significant market share in the coming years. The demand for organic products is increasing globally due to growing awareness among consumers about the potential health benefits of organic products and the negative impact of synthetic chemicals on the environment. The food and beverage industry primarily drives this segment. Consumers increasingly seek natural and organic food products; lemon oil and extracts are no exception.
Organic lemon oil and extracts are free from synthetic chemicals and pesticides, making them a healthier and safer choice for consumers. The use of organic lemon oil and extracts in food products has been on the rise, particularly in the baking industry, where organic lemon oil adds a natural flavor to baked goods. These are also used in personal care products due to their antiseptic and astringent properties, which are believed to be beneficial for the skin.
Food and Beverages segment is expected to hold the significant revenue share during forecast period
The food and Beverages segment is projected to witness a larger revenue share in the study period. Lemon oil is widely used as a flavoring agent in the food and beverage industry due to its tangy, citrus flavor and aroma. They are used in various food and beverage products, such as candies, desserts, soft drinks, alcoholic and non-alcoholic beverages, and baked goods. Consumers are increasingly seeking natural and organic food and beverage products, and lemon oil and extracts are a popular choice as they provide a natural lemon flavor without synthetic chemicals or artificial flavors. This will further fuel the growth of the market in the coming years.
APAC registered with the higher growth rate in 2022
APAC is expected to have a higher growth rate for the Lemon Oil and Lemon Extracts Market due to several factors. The growing Chinese cosmetics market is one of the factors driving the growth of the lemon oil and lemon extracts market. China is the second-largest cosmetics market in the world, and it is projected to continue growing rapidly. As the Chinese middle class grows and becomes more affluent, the demand for high-quality personal care products, including those made with natural ingredients, is increasing. The Chinese cosmetics market has a huge potential for growth as more consumers seek natural and organic products for their personal care needs. This has increased demand for lemon oil and extracts in Asia, where China is a major consumer.
Europe is expected to have a larger market revenue share in the coming years. The growing demand for aromatherapy products has increased the use of essential oils, including lemon oil and lemon extracts, in Europe. Natural plant extracts, a holistic therapeutic technique, are used in aromatherapy to support mental and physical health. Lemon oil and extracts are popular essential oils used in aromatherapy due to their refreshing and uplifting fragrance.
The World Health Organization estimates that over 25% of Europeans experience depression and anxiety annually. This is driving the demand for aromatherapy in this region and, in turn, the demand for lemon oil in the coming years. Europe is one of the largest producers of lemons in the world, with countries like Spain, Italy, and Greece being major producers. This means there is a steady supply of lemons, which helps keep the prices of lemon oil and extracts affordable, making them accessible to a wider range of customers.
Competitive Insight
Some of the major players operating in the global market include Citromax, Berje, Lemon Concentrate, Royal Aroma Fragrances, Biostadt India, McCormick, Lionel Hitchen, Southern Flavoring Company, Nielsen-Massey Vanillas, Watkins, B&G Foods, SPICE HUNTER, Star Kay White, Red Stick Spice Company, Food Ingredients, Lebermuth, Mountain Rose, Bontoux, Symrise, doTERRA International, Citrus, Allied Essences, Jedwards International, Good Scents, Denk Ingredients, Dohler, Kerry & Lochhead Manufacturing.
Recent Developments
In March 2022, to extract oils from clove & cinnamon barks, orange & lemon peels, eucalyptus leaves, & cardamom seeds, an eco-friendly extraction system (SEE) was designed.
Lemon Oil and Lemon Extracts Market Report Scope
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Report Attributes |
Details |
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Market size value in 2023 |
USD 1,355.65 million |
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Revenue forecast in 2032 |
USD 1,990.45 million |
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CAGR |
4.4% from 2023 - 2032 |
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Base year |
2022 |
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Historical data |
2019 - 2021 |
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Forecast period |
2023 - 2032 |
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Quantitative units |
Revenue in USD million/billion and CAGR from 2023 to 2032 |
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Segments covered |
By Type, By Category, By Application, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Citromax, Berje, Lemon Concentrate, Royal Aroma Fragrances, Biostadt India, McCormick, Lionel Hitchen, Southern Flavoring Company, Nielsen-Massey Vanillas, Watkins, B&G Foods, THE SPICE HUNTER, Star Kay White, Red Stick Spice Company, Food Ingredients, The Lebermuth, Mountain Rose, Bontoux, Symrise, doTERRA International, Citrus, Allied Essences, Jedwards International, The Good Scents, Denk Ingredients, Dohler, Kerry & Lochhead Manufacturing. |
FAQ's
The Lemon Oil and Lemon Extracts Market report covering key are type, category, application and region.
Lemon Oil and Lemon Extracts Market Size Worth USD 1,990.45 Million By 2032.
The global lemon oil and lemon extracts market expected to grow at a CAGR of 4.4% during the forecast period.
Asia Pacific is Lemon Oil and Lemon Extracts Market.
key driving factors in Lemon Oil and Lemon Extracts Market are Rise in Demand for Natural Ingredients.
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