Lemon Oil and Lemon Extracts Market Revenue Size, Trends, And Factors, Regional Share Analysis & Forecast Till 2028

According to our new research study on "Lemon Oil and Lemon Extracts Market Forecast to 2028 - Global Analysis - by Type, Category, Application, and Geography," the 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.

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Asia Pacific to Register Highest CAGR in Lemon Oil and Lemon Extracts Market During Forecast Period

In Australia, lemon oil and extracts are significantly used for aromatherapy, cosmetics, perfumes, and room fresheners. The demand for organic products is increasing due to consumers' rising health consciousness. Thus, manufacturers are launching products with organic claim to cater to the increasing demand. For instance, Down Under Enterprises Pty. Ltd. an Australia-based company, has launched its Organic Lemon Myrtle Oil, certified to Organic NOP (USDA) and BioCE standards. Backhousia citridora, commonly referred to as lemon myrtle, is reportedly known for its phenolic compounds with tea drinkers and is a popular ingredient in skincare, hair care and home care.

Surging Demand for Organic Products to Provide Lucrative Opportunities During Forecast Period

In recent years, health trends are evolving rapidly, with many consumers choosing organic and clean-labeled products over conventional products. 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. 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. All the above mentioned factors are further driving the lemon oil and lemon extracts market growth.

Lemon Oil and Lemon Extracts Market: Segmental Overview

Based on type, the lemon oil and lemon extracts market is segmented into lemon oil and lemon extracts. The lemon oil segment held a larger share of the market in 2022.

Lemon oil is extracted from the peel of fresh lemons via steam extraction or, less often, through a cold-pressed process that pricks and rotates the peel as oil is released. Then water spray is used for flushing out the oil; the oil/water mixture is later filtered and separated by centrifugation. 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.

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Based on category, the lemon oil and lemon extracts market is segmented into organic, and conventional. The organic segment is expected to register a higher CAGR during the forecast period. Organic lemon oil and lemon extracts are produced by using organically harvested lemons. Organic lemons are grown in soil free from chemical fertilizers such as synthetic nitrogen, phosphate, potash, and genetically modified ingredients. Herbicides and synthetic pesticides are also avoided in organic lemon farming. However, some non-synthetic pesticides, such as sulfur, copper sulphate, and potassium permanganate, are allowed.

Based on application, the lemon oil and lemon extracts market is segmented into [food and beverages (bakery & confectionery, dairy & frozen desserts, beverages, and others), cosmetics and personal care, household cleaning products, aromatherapy, and others]. The cosmetics and personal care segment is expected to register the highest CAGR during the forecast period. Due to their therapeutic efficacy, the cosmetics and personal care industry uses lemon oil and extracts as the key active component of novel antiaging and regenerative skincare products. These oil and extracts have high biological potential due to their natural origin and non-toxicity.

Lemon Oil and Lemon Extracts Market: Competitive Landscape

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 are a few players operating in the lemon oil and lemon extracts market. 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 lemon oil and lemon extracts market share. These market players are highly focused on launching new products and expanding their product range in specialty portfolios.

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