$4550
[Research Report] The lemon oil and lemon extracts market is projected to reach US$ 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.
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Lemon Oil and Lemon Extracts Market: Strategic Insights
Market Size Value in US$ 1,301.96 million in 2022 Market Size Value by US$ 1,674.00 million by 2028 Growth rate CAGR of 4.3% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2022
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Lemon Oil and Lemon Extracts Market: Strategic Insights
| Market Size Value in | US$ 1,301.96 million in 2022 |
| Market Size Value by | US$ 1,674.00 million by 2028 |
| Growth rate | CAGR of 4.3% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2022 |
Shejal
Have a question?
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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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.
Lemon Oil and Lemon Extracts Market Breakdown, by Region
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Market Insights
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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.
Lemon Oil and Lemon Extracts Market, by Application – 2022 and 2028
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Category Insights
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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.
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, Category, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The major players operating in the global lemon oil and lemon extracts market are 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, Lochhead Manufacturing Co.
Surging demand for organic products is anticipated lucrative opportunities for the growth of the lemon oil and lemon extracts market. With the increasing number of people suffering from obesity, diabetes, heart diseases, high blood pressure, and skin disorders and rising health awareness among people, the demand for certified organic products is increasing. People perceive organic products to be healthier than conventional ones because they are grown following stringent farming practices that avoid using chemical fertilizers and pesticides, genetically modified organisms (GMOs), growth hormones, and antibiotics. This factor is significantly driving the demand for organic products. Moreover, the organic trend is not only confined to food and beverages. The demand for organic shampoos, conditioners, moisturizers, and other skin care and haircare products is also rising simultaneously. Thus, the thriving organic industry provides lucrative opportunities to the manufacturers of lemon oil and extracts as these ingredients are widely used in food products, beverages, personal care products, cosmetics, and home care products.
Based on type, lemon oil segment has largest revenue because, lemon oil is a strong cleaner that helps in disinfecting surfaces and air. Lemon 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. Lemon oil is more effective than lemon extract. Lemon oil has a higher concentration of lemon flavor than lemon extract. Thus, owing to the increasing demand for lemon oil in various industrial applications, potential lemon oil manufacturers focus on launching new products.
Asia Pacific accounted for the largest share of the global lemon oil and lemon extracts market. Since ancient times, natural extracts have been used in personal care and cosmetics products. The natural extracts help enhance skin texture and integrity and hair and nail health. Lemon extract in cosmetic products acts as an antioxidant and possesses antifungal and antibacterial properties. Japan is famous for various cosmetics. Demand for natural and organic cosmetics is growing in Japan. Therefore, the preference for lemon oil and extracts over artificial ingredients is increasing in cosmetic products. All these factors are expected to propel the lemon oil and lemon extracts market growth in Asia Pacific in the coming years.
Based on the application, cosmetics and personal care segment is projected to grow at the fastest CAGR over the forecast period. Due to their therapeutic efficacy, the cosmetics and personal care industry make use of lemon oil and extracts as the key active component of novel anti-aging and regenerative skincare products. These oil and extracts have high biological potential due to their natural origin and non-toxicity. It has antibacterial, antifungal, antiviral, anticancer, antioxidant, and immunomodulatory properties. It replenishes dead skin cells and is generally used for preparing face washes, moisturizers, facial masks, and other skincare products. The growing popularity of lemon oil for skin lightening and hair health is expected to drive its demand.
Rise in demand for natural ingredients driving global lemon oil and lemon extracts market. The rising demand for natural ingredients in food & beverages and personal care industries is expected to drive the lemon oil and lemon extracts market. Lemon oil and lemon extracts are used as natural flavoring agents in various food and beverages such as baked products, confections, frozen desserts, ready-to-drink beverages, energy drinks, carbonated beverages, flavored waters, and snacks. In personal care products such as moisturizers, depigmentation and antiaging creams, and face serums, lemon oil and extracts are used as natural lightening and healing ingredients. Thus, increasing utilization of lemon oil and extracts in food and beverages and personal care products and surging demand for natural ingredients are driving the market.
The List of Companies - Lemon Oil and Lemon Extracts Market
- 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
- Lochhead Manufacturing Co.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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