Dipentene (Limonene) Market 2021 by Share Analysis, Global Industry Growth, Development, Income, Future Analysis, Business Prospects and Forecast for 2024

Dipentene (Limonene) market share is anticipated to witness remarkable growth prospects in the forthcoming years with regards to its extensive use in the food and beverage industry as an additive and flavoring agent. Limonene is a commonly used terpene found in nature and carries several health benefits.

Additionally, it also possesses antioxidant, anti-inflammatory, disease-preventing and anti-stress characteristics. Rapidly increasing food and beverage demand owing to the rise in disposable income among people has steered innovations in the industry. With the rise in number of working women globally, there has been a veritable explosion in the demand for packaged food and beverage items.

Another vital factor responsible for steering the demand for processed food is the rapid liberalization of international food trade that has resulted in the relaxation in trade tariffs and other duties and taxes. The aforementioned factors have led to a rapid growth in and developments in the food and beverage sector worldwide, driving dipentene consumption.

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In terms of grade, limonene market is segmented into food grade and technical grade. Reportedly, food-grade was the leading the aforementioned grade segment in the year 2017. This may be due to the widespread use of the product in personal care items, drugs, cosmetics and food and beverages owing to its non-toxic nature.

Moreover, food-grade dipentene is known as a biodegradable solvent that boasts of a pleasant orange aroma, being widely used as a fragrance and flavor additive in food products and packed beverages. The product is certified safe for consumption and may be used as a flavoring agent and is generally found in food items like fruit juices, pudding, soft drinks, baked goods, and ice cream.

The use of limonene in the chemical industry is slated to witness considerable expansion over 2018-2024. The product is used in the formulation of industrial and household cleansers and as spot and stain removers owing to their superior cleansing properties and tremendous solvency.
Lately, dipentene has been replacing conventional solvents and cleansers in the automobile and industrial sector due to its versatile properties. Additionally, the product is considered as an integral ingredient of general-purpose and hand cleansers. It is also used to make solvents for resins, waxes and alkyds and to make enamels, paints, polishes, and lacquers.

The key market share contributors:
• Florida Chemical Company
• Fujian Green Pine Company Limited
• Mangalam Organics Limited
• Florachem Corporation
• International Flavors & Fragrances Inc.

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Asia Pacific is expected to evolve as one of the most significant regional grounds for dipentene market share over the projected period. Robust production of orange in countries like China is supplementing the production of limonene. According to Food and Resource Economics Department, Florida, the total citrus food production in China is constantly growing and had reached close to 31 million tons in the year 2015-2016.

Dipentene Market, By Region
North America was the largest region in global dipentene market in terms of volume and value in 2017. U.S. is among the top 10 citrus fruit producers in the world, hence a large volume of fruits is processed to yield limonene and other fruit oils which are used in various personal care products. Dipentene is widely used in cosmetics such as moisturizers, sunscreen, skin care creams, lipsticks, etc. and U.S. is home to some chief cosmetic producers in the world. Consumers in the U.S. are more aware about the benefits of natural ingredients in cosmetics and have preferences shifting towards bio-degradable products, which will be a prime driver in propelling product demand in the coming years.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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