Lemon Oil and Lemon Extracts Market Segments and Growth by 2028

[Research Report] The lemon oil and lemon extracts market is projected to reach US$ 1,674.00 million by 2028 from US$ 1,301.96 million in 2022. It is expected to record a CAGR of 4.3% from 2022 to 2028.

Lemon oil and lemon extracts consists of a concentration of vitamin C and citric acid. Natural ingredients such as lemon extract and lemon oil are gaining greater traction across the world. Lemon oil and extracts are used as flavoring agents as they are harmless and natural alternatives to synthetic formulations. They are obtained from organic lemons and conventional lemon.

Based on application, the lemon oil and lemon extracts market is segmented into food and beverages, cosmetics and personal care, household cleaning products, aromatherapy, and others. The food and beverage segment held the largest share in 2021, whereas the cosmetics and personal care segment is expected to register the highest CAGR from 2022 to 2028. It has antibacterial, antifungal, antiviral, anticancer, antioxidant, and immunomodulatory properties. These factors are expected to provide lucrative opportunities to the lemon oil and extracts manufacturers in the coming years.

In 2022, Asia Pacific held the largest share of the global lemon oil and lemon extracts market. Asia Pacific is also estimated to register the highest CAGR during the forecast period. The aromatherapy sector in Japan is expanding with an increasing number of consumers engaging themselves in self-care. Due to lifestyle changes, urbanization, and stressful lives, people prefer to take aromatherapies for physical and emotional well-being. Additionally, the demand for lemon extracts and lemon oil are increasing in various sectors like cosmetics, perfumes, and personal care products. Therefore, the use of lemon oil and extracts in products is increasing instead of artificial ingredients. These are the factors anticipated to propel the market growth.

Lemon Oil and Lemon Extracts Market: Strategic Insights

Impact of COVID-19 Pandemic on Lemon Oil and Lemon Extracts Market

Disruptions in manufacturing and raw material supply hampered the lemon oil and lemon extracts market growth in the initial phase of COVID-19 pandemic. The overall disruptions in manufacturing processes and research and development activities restrained new developments in the market. However, due to the rising focus of consumers on health and wellness, the demand for immunity-boosting products increased dramatically.

Market Insights

Benefits of Lemon Oil and Lemon Extracts in Skin Care Products Drive Lemon Oil and Lemon Extracts Market

Nowadays, people are seeking products that help them look youthful and fresh. People are willing to spend a lot of money on skin care products that make their skin healthy-looking and radiant. Due to the increasing pressure to look good in an image-focused society, people are spending more time online researching the best products for their skin type. They have wider access to a variety of products available across supermarket shelves or online. All these factors are driving the global skin care industry.

Manufacturers of skin care products such as moisturizers, face masks, antiaging creams and lotions, depigmentation creams, and gels are incorporating lemon oil and extracts in their products. Moreover, manufacturers are developing vitamin C face serums that include lemon essential oil as an active ingredient. Lemon and Beaker Limited is one such company that offers vitamin C serum made with lemon essential oil extracted from lemon peels that helps lighten and uplift the skin. Thus, the benefits of lemon oil and lemon extracts in skin care products are significantly driving the lemon oil and lemon extracts market growth.

Application Insights

Based on application, the market is segmented into food and beverages, cosmetics and personal care, household cleaning products, aromatherapy, and others. The market for the food and beverages segment is subsegmented into bakery & confectionery, dairy & frozen desserts, beverages, and others. In various food and beverages, lemon oil and lemon extracts are used as flavorings agents, antioxidants, and food enhancers to meet the nutritional demand of consumers and add value to products.

Category Insights

Based on category, the lemon oil and lemon extracts market is segmented into organic and conventional. The conventional segment held a largest market share during the forecast period, whereas the organic segment is projected to register a higher CAGR during the forecast period. Synthetic fertilizers, pesticides, insecticides, herbicides, and fungicides are used in conventional lemon farming. Lemon growers usually use genetically modified organisms or genetically modified crop varieties to deliver consistent crop yields. Conventional farming involves planting these crops in full, direct sunlight, which leads to rapid crop growth.

Type Insights

Based on Type, the lemon oil and lemon extracts market is segmented into lemon oil and lemon extracts. The lemon oil segment accounted for a larger market share in 2022. Lemon oil is a strong cleaner that helps in disinfecting surfaces and air. The oil is used in various applications, including aromatherapy, food and beverages, personal care products, pharmaceuticals, and others. It is used as an agent for treating calluses and warts, spot remover, natural repellant in antibacterial therapy, and many more.

A few major players operating in the lemon oil and lemon extracts market include Citromax Group Inc, Berje Inc, Lemonconcentrate SLU, Royal Aroma Fragrances Inc, Jedwards International Inc, The Good Scents Co, Denk Ingredients GmbH, Dohler GmbH, Kerry Group Plc, and Lochhead Manufacturing Co. These companies are emphasizing on new product launches and geographical expansions to meet the growing consumer demand worldwide. They have a widespread global presence, which provides them to serve a large set of customers from all across the world and subsequently increases their market share. These market players focus heavily on new product launches and regional expansions to increase their product range in specialty portfolios.

The regional trends and factors influencing the Lemon Oil and Lemon Extracts Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Lemon Oil and Lemon Extracts Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Lemon Oil and Lemon Extracts Market Report Scope

Lemon Oil and Lemon Extracts Market Players Density: Understanding Its Impact on Business Dynamics

The Lemon Oil and Lemon Extracts Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Report Spotlights

• Progressive industry trends in the lemon oil and lemon extracts market to help companies develop effective long-term strategies
• Business growth strategies adopted by the lemon oil and lemon extracts market players in developed and developing countries
• Quantitative analysis of the market from 2019 to 2028
• Estimation of global demand for lemon oil and lemon extracts
• Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers in the lemon oil and lemon extracts market
• Recent developments to understand the competitive market scenario
• Market trends and outlook, as well as factors driving and restraining the growth of the lemon oil and lemon extracts market
• Assistance in the decision-making process by highlighting market strategies that underpin commercial interest
• Size of the lemon oil and lemon extracts market at various nodes
• A detailed overview and lemon oil and lemon extracts industry dynamics
• Size of the lemon oil and lemon extracts market in various regions with promising growth opportunities