Press release
Lemongrass Oil Market Share, Trends, Growth, Size & Forecast 2023-2028
How big is the Lemongrass Oil Market?
The global lemongrass oil market size reached US$ 44.65 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 73.77 Million by 2028, exhibiting a growth rate (CAGR) of 8.5% during 2023-2028.
What is Lemongrass Oil?
Lemongrass oil represents an essential oil obtained from the stems and leaves of the lemongrass plant (Cymbopogon citratus), native to tropical regions in Asia, Africa, and South America. The oil is extracted using steam distillation, a process that separates the volatile oils from the plant material, resulting in a clear, yellow, or amber-colored liquid. Lemon grass oil possesses a potent citrusy aroma on account of which it is used in aromatherapy and perfumes. It also acts as a flavoring agent in food and beverages. The oil is comprised of several bioactive compounds, including citral, geraniol, and limonene, which offer multiple therapeutic benefits. Lemongrass oil is highly valued for its anti-inflammatory, anti-fungal, and analgesic properties, as well as its antimicrobial activity against various bacteria and fungi. Consequently, it finds widespread applications across numerous sectors for its medicinal properties and as a natural antimicrobial agent.
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What are the growth prospects and trends in the lemongrass oil industry?
The lemon grass oil market is primarily driven by the increasing awareness of the therapeutic benefits of lemongrass oil in enhancing immunity, alleviating digestive issues, and reducing body aches and high fevers. Additionally, the market is further propelled by the growing usage of natural ingredients in personal care and cosmetics products, owing to consumer concerns regarding the harmful effects of synthetic additives. Moreover, the rising utilization of lemongrass oil as a repellent for mosquitoes, flies, and insects is also positively influencing the global market. Besides this, the expanding use of lemongrass oil in aromatherapy to promote relaxation, alleviate stress, anxiety, and depression, and improve mood and mental clarity and the emerging trend of employing the oil as an anti-inflammatory agent and natural pain reliever, especially in massage oils and lotions for relieving sore muscles and joints are acting as significant growth-inducing factors. Furthermore, the escalating technological advancements in oil extraction processes and inflating expenditure in research and development (R&D) activities to design cost-effective extraction methods will continue to bolster the market in the coming years.
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What is included in market segmentation?
The report has segmented the market into the following categories:
Type Insights:
Pure Oil
Blend
Grade Insights:
Therapeutic Grade
Food Grade
Application Insights:
Food and Beverages
Fragrances, Personal Care and Aromatherapy
Pharmaceuticals and Medicinal Formulations
Market Breakup by Region:
North America (United States, Canada)
Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
ArtNaturals Essential Oils,
Aura Cacia (Frontier Natural Products Co-op),
Doterra International LLC, Edens Garden Inc.,
Fabulous Frannie Essential Oils,
Healing Solutions LLC,
Mountain Rose Inc,
NOW Foods,
Plant Guru Inc,
Plant Therapy Essential Oils,
The Lebermuth Company Inc,
Ultra International B.V,
Young Living Essential Oils
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Contact US
IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Follow us on Twitter: @imarcglobal
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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