Global Lemongrass Oil Industry: Key Statistics and Insights in 2024-2032

Lemongrass Oil Industry

Summary:

• The global lemongrass oil market size reached USD 48.5 Million in 2023.
• The market is expected to reach USD 94.1 Million by 2032, exhibiting a growth rate (CAGR) of 7.65% during 2024-2032.
• Europe leads the market, accounting for the largest lemongrass oil market share.
• Pure oil accounts for the majority of the market share in the type segment due to its high potency and versatility in various applications. 
• Therapeutic grade holds the largest share in the lemongrass oil industry.
• Fragrances, personal care, and aromatherapy represent the leading application segment.
• The rise in consumer preference for natural and organic products is a primary driver of the lemongrass oil market.
• The growing awareness about the therapeutic properties of lemongrass oil is reshaping the lemongrass oil market.

Lemongrass Oil Market Trends and Drivers:

• Increasing Demand for Natural and Organic Products:

The rising consumer preference for natural and organic products is impelling the growth of the market. As awareness grows about the potential risks of synthetic chemicals found in many personal care and cosmetic products, more people are turning to plant-based alternatives. Lemongrass oil, known for its anti-inflammatory, antibacterial, and soothing properties, is becoming a popular choice in natural skin care and hair care formulations. This trend is not limited to individual consumers and larger industries and manufacturers are increasingly incorporating organic ingredients into their product lines to meet consumer demands. Organic certifications and sustainable sourcing practices are becoming selling points for brands. As people prioritize health and wellness, they are willing to spend more on products that are free from harmful chemicals, and lemongrass oil fits this need well, especially in markets that emphasize clean beauty and holistic health.

• Expanding Applications in Food and Beverage Industry:

The distinctive flavor and health benefits of lemongrass oil are expanding its use within the food and beverage (F&B) industry. It serves as both a flavoring agent and a preservative in many culinary applications, ranging from herbal teas to exotic dishes like soups and curries. The global shift toward natural and functional foods is opening new avenues for lemongrass oil, especially in health-conscious markets where consumers seek ingredients that offer both taste and wellness benefits. Additionally, its natural antifungal and antibacterial properties make it an effective preservative, aligning with the growing demand for food products free from synthetic additives. In various regions where lemongrass is traditionally used in cooking, the growing consumer preference for organic ingredients is boosting its commercial use. Its potential in beverages, particularly in herbal infusions and natural energy drinks, is further driving demand as companies look to offer unique, health-forward products.

• Rising Awareness of Lemongrass Oil’s Therapeutic Properties:

The growing awareness about the therapeutic properties of lemongrass oil is playing a crucial role in driving its demand across various sectors, particularly in health and wellness. Known for its ability to relieve stress, reduce inflammation, and promote better digestion, it is widely used in aromatherapy, massage oils, and natural healing practices. With the rise of alternative medicine and holistic health approaches, more individuals are looking for natural solutions to common health issues, and lemongrass oil is proving to be an effective option. Additionally, it is frequently used in home diffusers and air purifiers to create calming environments, further enhancing its popularity. The growing body of research supporting its benefits is encouraging broader adoption, from individual consumers to wellness centers and spas. This increased interest in therapeutic applications is also encouraging manufacturers to introduce more innovative products containing lemongrass oil, ranging from topical creams to wellness sprays, to meet the expanding market needs.

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Lemongrass Oil Market Report Segmentation:

Breakup By Type:

• Pure Oil
• Blend

Pure oil exhibits a clear dominance in the market due to its high potency and versatility in various applications, including personal care, food, and aromatherapy.

Breakup By Grade:

• Therapeutic Grade
• Food Grade

Therapeutic grade represents the largest segment as it meets the strict purity and quality standards required for use in medical and wellness treatments.

Breakup By Application:

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

Fragrances, personal care and aromatherapyowing to the growing demand for natural ingredients in beauty and wellness products.

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

Europe dominates the market because of its strong consumer preference for organic and sustainable products, along with advanced regulatory standards for natural oils.

Top Lemongrass Oil Market Leaders:

The lemongrass oil market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

• Artcraft Plating and Finishing Company Inc.
• Atotech
• Bolta Werke GmbH
• Cybershield Inc.
• DuPont de Nemours Inc.
• Galva Decoparts Pvt. Ltd.
• JCU Corporation
• Leader Plating on Plastic Ltd
• MacDermid Incorporated (Element Solutions Inc)
• MPC Plating Inc.
• Phillips Plating Corporation
• Precision Plating (Aust) Pty Ltd.

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