The latest report by IMARC Group, titled “Lemongrass Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. The global lemongrass oil market size reached US$ 44.65 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 73.77 Million by 2028, exhibiting a growth rate (CAGR) of 8.5% during 2023-2028.
Lemongrass oil is an essential oil obtained from the leaves and stems of the lemongrass plant Cymbopogon citratus or Cymbopogon flexuosus, a tropical plant found in Africa, Asia, and South America. It is acquired through a process known as steam distillation, which involves separating the volatile oils from the plant material, resulting in a clear, yellow, or amber-colored liquid with a fresh, powerful citrus aroma. It is made up of numerous bioactive compounds, including geraniol, citral, and limonene, which offer various therapeutic benefits. It may help regulate cholesterol and blood sugar levels, promote digestive health, relieve headaches and nausea, detoxify the body, and improve thyroid health. In addition, it provides anti-inflammatory, antioxidant, anti-fungal, and anti-antiseptic properties, with antimicrobial activity to combat various forms of bacteria and fungi and repel mosquitoes, flies, and insects. As a result, lemongrass is widely applied in several industry verticals, such as fragrances, personal care and aromatherapy, pharmaceutical and medicinal formulations, and food and beverage (F&B) sectors across the globe.
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Lemongrass Oil Market Trends and Drivers:
The market is primarily driven by the increasing awareness regarding the therapeutic benefits offered by lemongrass oil. It is widely utilized in Ayurvedic and Chinese medicine for its calming and uplifting effects. In addition, the widespread adoption of lemongrass oil in the pharmaceutical sector and in-home remedies to reduce body aches and high fevers, alleviate digestive problems, and boost immunity, is contributing to market growth. Moreover, the escalating demand for natural ingredients, such as lemongrass oil, in personal care and cosmetics products due to rising consumer concerns about the harmful effects of synthetic additives represents another major growth-inducing factor.
Besides this, the growing popularity of essential oil therapy with lemongrass oil and aromatherapy to relieve stress, anxiety, and depression, improve circulation, mood, mental clarity, and sleep quality, and promote relaxation, is also accelerating the product adoption rate. Along with this, lemongrass oil is extensively used as a natural pain reliever and anti-inflammatory agent, especially in massage oils and lotions for sore muscles and joints, propelling the market growth. Apart from this, the lemongrass oil market is growing at different rates in numerous regions, with Europe being the largest lemongrass oil market due to the increasing product use in the pharmaceutical industry, the escalating demand for natural ingredients in personal care products, and the surging need for aromatherapy. Furthermore, the rising product use in the food and beverage (F&B) industry for preparing sauces, marinades, and drinks, several innovative technological advancements in oil extraction processes, and research and development (R&D) activities to design economical oil extraction methods are creating a positive market outlook.
Report Segmentation:
The report has segmented the market into the following categories:
Type Insights:
- Pure Oil
- Blend
Grade Insights:
- Therapeutic Grade
- Food Grade
Application Insights:
- Food and Beverages
- Fragrances, Personal Care and Aromatherapy
- Pharmaceuticals and Medicinal Formulations
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- ArtNaturals Essential Oils
- Aura Cacia (Frontier Natural Products Co-op)
- Doterra International LLC, Edens Garden Inc.
- Fabulous Frannie Essential Oils
- Healing Solutions LLC
- Mountain Rose Inc, NOW Foods
- Plant Guru Inc
- Plant Therapy Essential Oils
- The Lebermuth Company Inc
- Ultra International B.V
- Young Living Essential Oils
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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