Transparency Market Research (TMR) provides critical updates and insights into the global lemon essential oils marketin his forthcoming outlook entitled ‘Lemon Essential Oils Market: Global Industry Analysis 2013-2017 and Forecast 2018-2027‘. In terms of value, the global Lemon Essential Oils Market is estimated to have an average annual growth rate of 5.5% over the forecast period tied to various market factors about which TMR provides important in-depth insights.
Strong passion for the aromatherapy segment in the lemon essential oils market
On an end-use basis, the aromatherapy segment is expected to maintain its dominance in the lemon essential oils market with a significant CAGR of 6.5% over the forecast period. The increased global demand for therapeutic and aromatic oils such as lemon essential oil due to the increasing preference for harmless, convenient, and natural alternatives to traditional allopathic solutions has contributed to the compound’s high annual growth rate. Another factor behind the amazing growth is that lemon essential oil is much more expensive than any other product that has lemon essential oil as an ingredient.
Lemon essential oils market predominantly growing in APEJ
As a developing economy with a higher prevalence of poor health conditions among the population suffering from respiratory diseases, blood pressure, cancer, and other ailments, the Asia-Pacific region has the highest growth rate of lemon essential oil compared to other regions. Since lemon essential oil has beneficial health benefits such as carcinogenic and detoxifying effects, it contributes to higher consumption which is expected to fuel the high growth rate of the lemon essential oil market in Asia Pacific excluding Japan, accounting for 6.9% of the forecast period.
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Phenomenal growth of lemon essential oils in specialty retail
Specialized formats for retailers that sell exclusive products in aromatic compounds have gained in importance in recent years. Specialty products like lemon essential oil have a wider availability with different grades, which is expected to contribute to the high annual growth rate of 7.1% over the forecast period.
Uses of lemon essential oil in ethnic foods
Ethnic food is defined as food that is part of the culture and tradition of a particular ethnic group. These are mostly made from locally available materials and are generally considered healthy due to the use of natural or organic ingredients. Because ingredients that are specific to certain regions are expensive to import, manufacturers use essential oils such as lemon essential oil to mimic the taste of the original ingredient. Since lemon oil also comes from plants, it is considered natural and healthy. As a result, lemon essential oil is expected to see a significant increase in demand for applications in ethnic foods produced by food and beverage manufacturers in the near future.
This report covers the trends driving each segment and offers various analysis, insights, and potential growth of the Lemon Essential Oils Market in specific regions. In keeping with market attractiveness, Asia Pacific and North America are relatively attractive regions in the lemon essential oil market. The Lemon Essential Oils market is segmented into Food and Beverage, Medicines, Aromatherapy, Cosmetics and Personal Care, and Households based on end-use consumption.
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Global Lemon Essential Oils Market: Competitive Dashboard
TMR introduced some of the best-known companies in the global lemon essential oils market including NOW Health Group, Inc., Citromax Flavors, Inc., doTERRA International, Southern Flavoring Company, Inc., and Lionel Hitchen Essential Oils Ltd. Aromaaz International, Sunshine Products, Inc., Citrus and Related Essences Ltd., and others to get a broader view of the market.
Global Lemon Essential Oils Market: Key Findings
Major global lemon essential oil manufacturers and product developers process lemon essential oil into user-friendly forms, extract powders and others. The lemon essential oil is also combined with other ingredients such as zest to provide additional benefits for consumers. Industrialists and manufacturers are planning to include lemon essential oil as an antibiotic in animal feed due to the increasing demand for chemical-free products.
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