Lemongrass Oil Market

Market Overview:

The global lemongrass oil market size reached USD 48.5 Million in 2023. Looking forward, IMARC Group expects the market to reach USD 94.1 Million by 2032, exhibiting a growth rate (CAGR) of 7.65% during 2024-2032. Rising consumer awareness about the therapeutic benefits of lemongrass oil, the increasing product utilization across the pharmaceutical and personal care sectors, and the growing popularity of aromatherapy represent some of the key factors driving the market.

Lemongrass oil is an essential oil extracted from the leaves and stems of the lemongrass plant (Cymbopogon citratus), which is native to tropical regions of Asia, Africa, and South America. It is obtained through steam distillation, which separates the volatile oils from the plant material, resulting in a clear, yellow, or amber-colored liquid. The oil has a strong, citrusy aroma and is commonly used in aromatherapy, perfumes, and as a flavoring agent in foods and beverages. It is composed of several bioactive compounds, such as citral, geraniol, and limonene, which provide several therapeutic benefits. Lemongrass oil is widely adopted across numerous sectors for its anti-inflammatory, anti-fungal, and analgesic properties and antimicrobial activity against various types of bacteria and fungi.

Lemongrass Oil Market Trends:

The rising awareness about the therapeutic benefits of lemongrass oil is primarily driving the market growth. The product is widely utilized in the pharmaceutical sector and various home remedies to boost immunity, alleviate digestive problems, and reduce body aches and high fevers. Besides this, the growing demand for natural ingredients, such as lemongrass oil, in personal care and cosmetics products due to escalating consumer concerns about the harmful effects of synthetic additives is presenting remunerative growth opportunities for the market. Moreover, the expanding use of lemongrass oil to repel mosquitoes, flies, and insects is creating a positive outlook for the market. Concurrent with this, the widespread product adoption in the food and beverage (F&B) industry for preparing drinks, sauces, marinades, and other food products is impelling the market growth. In addition to this, the increasing use of lemongrass oil in aromatherapy to promote relaxation, relieve stress, anxiety, and depression, and improve mood and mental clarity is acting as another significant growth-inducing factor. In line with this, the largescale product employment as a natural pain reliever and anti-inflammatory agent, especially in massage oils and lotions for sore muscles and joints, is aiding in market expansion. Furthermore, innovative technological advancements in the oil extraction processes and the rising focus on various research and development (R&D) activities to design economical oil extraction methods are contributing to the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global lemongrass oil market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on type, grade, and application.

Type Insights:

• Pure Oil
• Blend
   

The report has provided a detailed breakup and analysis of the lemongrass oil market based on the type. This includes pure oil and blend. According to the report, pure oil represented the largest segment.

Grade Insights:

• Therapeutic Grade
• Food Grade
   

A detailed breakup and analysis of the lemongrass oil market based on the grade has also been provided in the report. This includes therapeutic and food grades. According to the report, therapeutic grade accounted for the largest market share.

Application Insights:

• Food and Beverages
• Fragrances, Personal Care and Aromatherapy
• Pharmaceuticals and Medicinal Formulations
   

A detailed breakup and analysis of the lemongrass oil market based on the application has also been provided in the report. This includes food and beverages, fragrances, personal care, and aromatherapy, and pharmaceuticals and medicinal formulations. According to the report, fragrances, personal care and aromatherapy accounted for the largest market share.

Regional Insights:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Europe was the largest market for lemongrass oil. Some of the factors driving the Europe lemongrass oil market included growing product adoption in the pharmaceutical sector, the rising demand for natural ingredients in personal care products, and the increasing need for aromatherapy.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global lemongrass oil market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include 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, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Questions Answered in This Report:

• How has the global lemongrass oil market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global lemongrass oil market?
• What is the impact of each driver, restraint, and opportunity on the global lemongrass oil market?
• What are the key regional markets?
• Which countries represent the most attractive lemongrass oil market?
• What is the breakup of the market based on the type?
• Which is the most attractive type in the lemongrass oil market?
• What is the breakup of the market based on the grade?
• Which is the most attractive grade in the lemongrass oil market?
• What is the breakup of the market based on the application?
• Which is the most attractive application in the lemongrass oil market?
• What is the competitive structure of the global lemongrass oil market?
• Who are the key players/companies in the global lemongrass oil market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the lemongrass oil market from 2018-2032.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global lemongrass oil market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the lemongrass oil industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.