Global Lemongrass Oil Market is projected to be worth 145.37 million by 2034 and is anticipated to surge at a CAGR of 9.95%.
The natural essential oil known as lemongrass oil is obtained by steam distillation from the fresh or partially dried leaves and stalks of the Cymbopogon citratus plant. Citral, geraniol, and limonene are some of the essential ingredients that give it its unique scent and medicinal qualities. It is well-known for having a strong citrusy scent. Because lemongrass oil has antibacterial, antifungal, anti-inflammatory, and antioxidant properties, it is frequently used in aromatherapy, cosmetics, personal care, food flavoring, and pharmaceuticals. In the culinary, cosmetic, and health sectors, it is highly prized for its ability to act as a natural preservative, insect repellant, and wellbeing enhancer.
Drivers: Numerous robust growth factors propel the worldwide lemongrass oil market. Lemongrass oil fits in with clean-label and organic trends, which is a big factor in the growing consumer desire for natural and plant-based products in food, cosmetics, and personal care. Demand is increasing as aromatherapy and wellness practices gain popularity due to the oil's medicinal, restorative, and stress-relieving qualities. Lemongrass oil is being utilized more and more in the food and beverage sector as a natural preservative and flavoring agent, which is helping to support the growth of processed and functional foods.
Challenges: Rising demand, the worldwide lemongrass oil industry confronts a number of obstacles. Since lemongrass cultivation is heavily reliant on weather, water availability, and labour-intensive farming methods, which result in unpredictable yields, one significant problem is the erratic supply of raw materials. For producers and consumers, this frequently leads to price instability for lemongrass oil and its essential ingredient, citral. Furthermore, small-scale producers' capacity to compete with major companies is restricted by the high production costs associated with extraction and distillation procedures.
Market Trends: The evolution of the worldwide lemongrass oil market is being shaped by a number of noteworthy factors. Organic and sustainably derived oils are becoming more popular as customers place a higher emphasis on ethical business methods, traceability, and environmentally friendly farming. Due to its antibacterial and rejuvenating properties, lemongrass oil is utilized in natural skincare, haircare, and clean-label beauty products, making the cosmetics and personal care sector a significant growth area. Similar to this, the wellness and aromatherapy industries are increasing quickly due to rising demand for holistic health, spa services, and stress-relieving products.
Global Lemongrass Oil Market Key Players:
AG Organica, Aura Cacia, doTERRA, Edens Garden, Mountain Rose Herbs, NOW Foods, Phoenix Aromas & Essential Oils LLC, Plant Therapy Essential Oils, The Lebermuth Company, and Young Living Essential Oils are just a few of the major market players that are thoroughly examined in this market study along with revenue analysis, market segments, and competitive landscape data.
Global Lemongrass Oil Market Segmentation:
By Type: Based on the Type, Global Lemongrass Oil Market is segmented as; Conventional, Organic.
By Application: Based on the Application, Global Lemongrass Oil Market is segmented as; Food & beverages, Personal care & cosmetics, Pharmaceuticals, Aromatherapy, Household cleaning products.
By Distribution Channel: Based on the Distribution Channel, Global Lemongrass Oil Market is segmented as; Online retail, Supermarkets/hypermarkets, Specialty stores, Direct sales.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.