Global Lemongrass Oil Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global lemongrass oil market in its upcoming report titled, “Global Lemongrass Oil Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global lemongrass oil market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global lemongrass oil market report has been segmented on the basis of grade, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Lemongrass, also known as Cymbopogon, is a tropical island plant that comes under the category of Poaceae – a grass family. It is a common culinary herb used in various Asian cuisines and also for its medicinal purposes in India. It is also used as a tea in countries in Africa and Latin America. Lemongrass oil is type of essential oil that is derived from lemongrass plant. It has lemony smell and various medicinal properties such as anti-fungal, anti-antiseptic, anti-inflammatory, etc. Lemon grass oil is used to regulate cholesterol, improvement of digestion system, boosting nervous system, relive stress, detoxification of body, relive mensuration cramps, etc.
Increasing awareness regarding health benefits provided by lemongrass oil is a major factor driving growth of the global market. Growing preference for natural medicines among individuals is resulting into increasing popularity of lemongrass among consumers. In addition, growing popularity of aromatherapy and increasing availability of aromatherapy candles, diffusers, oils are factors fueling growth of the global lemon grass market. Lemongrass is a rich source of vitamins and minerals as it contains vitamin B1, B2, B3, B5, B6 and minerals such as magnesium, calcium, potassium, phosphorus, magnesium, zinc; that are beneficial for health. Furthermore, increasing demand for lemongrass oil in cosmetics and pharmaceuticals industries is a factor expected to boost growth of the global market in the near future.
However, high cost of lemongrass oil may hamper growth of the global lemongrass oil market. Additionally, possible side effects of lemongrass oil if consumed directly on breastfeeding and pregnant women is another factor that may affect growth of the global market. Nevertheless, increasing use of lemongrass oil in food industry can create high revenue opportunities for players in the target market.
Asia Pacific is a major exporter of lemongrass oil and is expected to maintain its position over the forecast period. Currently, the market in Europe and Latin America accounts for major share in terms of revenue. The market in Europe is expected to witness lucrative growth in terms of revenue in the near future, owing to increasing demand for essential oils among consumers in the region. Asia Pacific market is expected to witness significant growth in the near future, owing to increasing use of lemongrass oil for medicinal purposes and in various food products, especially in countries in East Asia such as Thailand, Indonesia, Malaysia, Vietnam, etc.
Global Lemongrass Oil Market Segmentation:
- Therapeutic Grade
- Food Grade
- Personal Care Products
- Food and Beverages
- Aromatherapy Products
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- The Lebermuth Company
- Young Living Essential Oils LC
- doTERRA International LLC
- West India Spices Inc.
- Falcon Oil & Gas Ltd.
- Rajkeerth Aromatics and Biotech Pvt. Ltd
- Edens Garden Inc.
- NOW Health Group, Inc.
- Rocky Mountain Oil Corp
- Frontier Natural Products Co-op (Aura Cacia)
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