Global Lemongrass Oil Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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Global Lemongrass Oil Market Overview
“The global Lemongrass Oil market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
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 the 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 the 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 tea in countries in Africa and Latin America. Lemongrass oil is a type of essential oil that is derived from the lemongrass plant.
It has a 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, boost the nervous system, relieve stress, detoxification of the body, relieve mensuration cramps, etc.
Increasing awareness regarding the health benefits provided by lemongrass oil is a major factor driving the growth of the global market. Growing preference for natural medicines among individuals is resulting in the increasing popularity of lemongrass among consumers.
In addition, the growing popularity of aromatherapy and the increasing availability of aromatherapy candles, diffusers, and oils are factors fueling the growth of the global lemon grass market.
Lemongrass is a rich source of vitamins and minerals as it contains vitamins B1, B2, B3, B5, and B6 and minerals such as magnesium, calcium, potassium, phosphorus, magnesium, and zinc; that are beneficial for health. Furthermore, increasing demand for lemongrass oil in the cosmetics and pharmaceutical industries is a factor expected to boost the growth of the global market in the near future.
However, the high cost of lemongrass oil may hamper the 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 the growth of the global market. Nevertheless, increasing the use of lemongrass oil in the food industry can create high revenue opportunities for players in the target market.
The 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 a 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 the 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 the increasing use of lemongrass oil for medicinal purposes and in various food products, especially in countries in East Asia such as Thailand, Indonesia, Malaysia, and 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
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- 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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