Press release
Lemon Balm Extract Market, Globally Forcasted for Accelerated Growth by 2024
Lemon Balm Extract Market
The global market for the lemon balm extract is fragmented into the formulation and the end use. Based on the formulations, the global market is segregated into capsules, cream/paste, liquid, and powder form. Based on the end user, the market is categorized into additives and the herbal use. The increasing inclination of the consumers towards the herbal products is making this segment to contribute a major share in the growth of the market. The lemon balm ingredient is used as a component in the cosmetics, fragrances, flavors, and others.
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The key factor that is driving the lemon balm extract market is the increasing recognition of the herbal extracts in the emerging nations of different regions which augment to increase the popularity of the herbal products which in turn propels the growth of the lemon balm extract. The demand for the lemon balm extract has increased due to the ability of the product to blend with other herbal compounds which include valerian extract, which in turn has increased the development of several herbal formulations. The lemon balm extract is a very versatile product that is used in a variety of applications such as flavoring, cosmetics, and fragrances thus driving the demand of the market both in terms of value and volume.
According to the regional study, the global market for the lemon balm extract is diversified into North America, Western Europe, Asia Pacific, the Middle East and Africa, Eastern Europe, and Latin America. In all the geographical regions, the lemon balm extract is highly used. In the Western European region, Germany uses the lemon balm extract as the important ingredient of the Carmelite water which is sold in the pharmacies.
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In the North American region, there has been a significant increase in the utilization of the lemon balm extract in the herbal products which are being used widely by the people in the countries thus driving the growth of the market. The long-established producer of the lemon balm extract is Asia Pacific region. Owing to the increasing use of the lemon balm extract in the traditional remedies the demand for the product has increased thus showing a good market growth in the coming years.
The key market players that are involved in the lemon balm extract market include Nexira Inc., Foodchem International Corporation., Xi’an Hao-Xuan Bio-Tech Co., Ltd., Martin Bauer GmbH & Co. KG., Jiaherb Inc., and Productos Quimicos Gonmisol SA.
Global Lemon Balm Extract Market: Regional Segment Analysis
North America
U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
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