PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339145
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1339145
The global lemon oil and lemon extracts market size is expected to reach USD 1,990.45 million by 2032, according to a new study by Polaris Market Research. The report "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" gives a detailed insight into current market dynamics and provides analysis on future market growth.
They are growing demand for natural and organic products, including lemon oil and extracts. As people become more health conscious and aware of the potential health risks associated with synthetic chemicals and artificial flavors, the demand for natural and organic flavoring agents such as lemon oil and extracts has increased. As the demand for natural and organic products continues to grow, the need for lemon oil and extracts will likely increase, driving the market's growth.
The growth of organic fresh produce sales has increased demand for natural ingredients in various industries, including the food and beverage, cosmetics, and pharmaceutical industries. The increase in the surge for lemon oil and lemon extracts, as they are popular natural ingredients used in a wide range of products. Organic fresh produce is often grown without harmful chemicals or pesticides, making them a healthier and more environmentally friendly option. As consumers become more health conscious and environmentally aware, they are increasingly looking for products made with natural ingredients, including lemon oil and lemon extracts.
Lemon Oil segment is anticipated to grow at a faster rate owing to its widespread use in the food and beverage industry.
Organic segment accounted for the larger market share owing to the increasing demand for natural and organic products.
Food and Beverages segment is projected to experience significant revenue share due to the widespread use as a natural flavoring agent and preservative.
APAC is projected to witness a higher growth rate in the study period owing to the growing cosmetics industry.
Europe is expected to witness larger revenue share in the forecast time frame owing to the growing need for aromatherapy.
The global players include: Citrus, Allied Essences, Jedwards International, Good Scents, Denk Ingredients, Dohler, and Kerry.
Polaris Market Research has segmented the lemon oil and lemon extracts market report based on type, category, application and region: