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Lemon Oil and Lemon Extracts Market is expected to reach US$ 1,674.00 million by 2028

The lemon oil and lemon extracts market revenue to reach $1,674.00 million by 2028 with 4.3% of CAGR from 2022 to 2028

By The Insight Partners

Rise in Demand for Natural Ingredients to Drive Lemon Oil and Lemon Extracts Market During 2022–2028

According to our new research study on "Lemon Oil and Lemon Extracts Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Category, and Application," the market is projected to reach US$ 1,674.00 million by 2028 from US$ 1,301.96 million in 2022. It is expected to record a CAGR of 4.3% from 2022 to 2028.

In the past few years, consumers have become highly concerned about their health and overall well-being. They are paying more attention to product labels and preferring products that claim to be natural and chemical-free. Consumers believe that natural ingredients are safer and better for their health than their conventional counterparts. The awareness of the health benefits of natural ingredients is increasing rapidly as consumers have access to a variety of articles, research, magazines, and whitepapers available on the internet. Moreover, the growing influence of social media and celebrities on consumer preferences is creating a strong demand for products with natural ingredients such as lemon oil and extracts. Hence, driving the lemon oil and lemon extracts market growth.

Lemon Oil and Lemon Extracts Market Breakdown – by Region

To get free sample copy of the report, along with the TOC, Statistics, and Tables please visit @ https://www.theinsightpartners.com/brochure/TIPRE00029850

In the food & beverages industry, manufacturers are replacing synthetic food additives such as colors, flavors, stabilizers, and preservatives with natural ingredients to meet the changing customer requirements. According to Kerry Taste & Flavor Prediction 2021, consumers wanted more transparency on what ingredients are used. They wanted their favorite citrus, cocoa, and vanilla flavors in a 100% natural format. Due to the growing concerns about ingredient safety and potential health consequences, natural food ingredients are receiving more attention. Similarly, companies in the personal care industry are also replacing synthetic chemicals with natural extracts and ingredients due to increased concerns about the adverse effects of applying chemicals directly to the skin. The rising instances of skin disorders—such as rashes, burning and itching, clogged pores, acne, spotting, and discoloration—and certain skin cancers due to prolonged use of personal care products with synthetic ingredients and chemicals made consumers shift toward natural products.

Citromax Group Inc, Berje Inc, Lemonconcentrate SLU, Royal Aroma Fragrances Inc, Jedwards International Inc, The Good Scents Co, Denk Ingredients GmbH, Dohler GmbH, Kerry Group Plc, and Lochhead Manufacturing Co are a few key players operating in the global lemon oil and lemon extracts market. These companies have a widespread global presence, which allows them to serve a large set of customers from all across the world and subsequently increases their lemon oil and lemon extracts market share. They heavily focus on new products launches and geographical expansion to expand their product range in specialty portfolios in the lemon oil and lemon extracts market.

Impact of COVID-19 Pandemic on Lemon Oil and Lemon Extracts Market

There was a high demand for lemon oil during COVID-19 pandemic as people increasingly involved in aromatherapy and self-care routines to reduce the pandemic-induced stress. Lemon oil also has anti-viral and anti-microbial properties. It is a rich source of antioxidants that sharpen the senses and mental functions, as well as regulate cardiac and respiratory systems. The oil is classified as adaptogen essential oil, as it has a normalizing effect on the body, helps reduce stress and anxiety, and regulates hormonal imbalance. All these properties of lemon oil increased its appeal among consumers during the pandemic since the consumers were highly concerned about their health and wellbeing. However, significant disruptions in supply chains led to a shortage of raw materials and raised prices. This factor hampered the production of lemon oil and extracts, which created a demand and supply gap.

In 2021, various economies gradually resumed operations as governments relaxed the previously imposed restrictions, which boosted the global marketplace. Manufacturers were permitted to operate at full capacity, which helped them overcome the demand and supply gap and other repercussions. Also, as consumers highly emphasize their health and wellbeing, they prefer products with natural ingredients and extracts that support overall health. This factor is expected to provide strong potential to the lemon oil and lemon extracts market growth during the forecast period.

The report segments the lemon oil and lemon extracts market as follows:

Based on type, the lemon oil and lemon extracts market is bifurcated into lemon oil and lemon extracts. Based on category, the market is segmented into organic and conventional. Based on application, the market is segmented into food and beverages, cosmetics and personal care, household cleaning products, aromatherapy, and others. The market for the food and beverages segment is subsegmented into bakery & confectionery, dairy & frozen desserts, beverages, and others. Based on geography, the lemon oil and lemon extracts market is segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America.

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