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Citronella Oil Market to Expand with Significant CAGR During 2029

12-02-2020 02:50 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR Research

Citronella oil market: Overview

Demand for essential oil types has experienced a stellar growth rate. One of them is the citronella oil market. Growing demand of the citronella oil is crystal clear. This may mean a rise in the graph regarding the growth of the citronella oil market. Citronella oil is a significant oil type that’s extracted from a selected plant species of the Cymbopogon family. This plant, commonly known as lemongrass is used for preparing the citronella oil extracts.

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The citronella oil is classified into 2 types namely Ceylon citronella and Java citronella. Perfume manufacturing increasingly demands citronella oil. In addition, citronella oil is also a significant component in products such as detergents, home cleaners as well as soaps. The reason for its use in these products is the antiseptic properties it possesses.

This report provides a thorough analysis of the citronella oil market. The report focuses on the upcoming trends and the competitive landscape of the citronella oil market. It also scrutinizes the regional scope of the market and the ideal growth dynamics. Clients and market stakeholders will be able to speed up the strategy creation process with the data covered in this report.

Citronella oil market: Competitive analysis

The citronella oil market is a highly competitive market consisting of numerous manufacturers. The importance of citronella oil in a plethora of industry sectors is expected to drive great growth for the citronella oil market. The availability of alternatives such as the peppermint, lavender, and Bog Myrtle oil may dampen the growth of the citronella oil market.

The key players in the citronella oil market are, Khadi Pure Gramodyog, Mesmara Botanics Private Limited, Artizen Oils, Organic Harvest, Aroma Treasures, Plant Therapy, Inatur Herbals, Kama Ayurveda, and Meena Perfumery.

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Citronella oil market: Key trends

A surge in the disposable income of the individuals and soaring demand for luxurious products is helping the citronella oil market to improve its growth scale. A considerable population frequently experiences anxiety and stress due to the growing pressure at work or in personal life. Citronella oil acts as a great stress buster. Therefore, this factor may propel the citronella oil market to a great extent. Thanks to its antibacterial properties, citronella oil serves as a good house cleaner.

In addition, increasing demand for biochemical pesticides in the agriculture sector is also expected to multiply the growth rate of the citronella oil market. This is because citronella oil is an inbuilt pest repellant. The growing use of citronella oil in aromatherapy may also turn out to be a soaring growth factor for the citronella oil market. Aromatherapy consists of perfumery chemicals. Citronella oil is the principal ingredient for such products. Therefore, this too can affect the growth of the citronella oil market in a positive manner.

The multifaceted benefits of citronella oil may prove to be an accelerator of increasing the growth of the citronella oil market. Citronella oil is also expected to gain considerably through e-commerce as well.

Citronella oil market: Regio nal assessment

The citronella oil market is geographically divided into the regions of North America, Asia Pacific, Europe and LAMEA (Latin America, Middle East, and Africa). Asia Pacific region is a leading production hub of the citronella air market. A number of countries in the Asia Pacific region also export citronella oil to other regions. The North American and the European Market may observe moderate growth during the forecast period.

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About TMR Research:

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

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TMR Research,
3739 Balboa St # 1097,
San Francisco, CA 94121
United States
Tel: +1-415-520-1050

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