LONDON--(BUSINESS WIRE)--The global lemon essential oil market is expected to post a CAGR close to 7% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
Lemon essential oil provides many benefits to various end-users, owing to its excellent chemical composition and cleaning properties. Limonene, a key component of lemon essential oil, helps in disease prevention and is known to promote weight loss. It is used for treating ailments such as cancer and bronchitis. It is also preferred as a replacement for other solvents due to its antibacterial, antiviral, and antifungal properties. Thus, owing to its excellent properties, the application of lemon essential oil is expected to increase in various end-user industries, which will drive the growth of the overall global market.
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As per Technavio, the rising popularity of lemon essential oil in aromatherapy, will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Lemon Essential Oil Market: Rising popularity of lemon essential oil in aromatherapy
Lemon essential oil is increasingly being used in aromatherapy for pain relief and stress relief. It also provides relief to sore joints, headaches, and migraine. Lemon essential oil products are also known to alleviate the side effects of chemotherapy and help fight against bacteria and virus. It is also known to improve digestion, boost immunity, and quicken healing. Thus, owing to its multiple health benefits, lemon essential oil is extensively being used in aromatherapy, thereby accelerating the growth momentum of the market.
“Apart from the increasing use of lemon essential oil in home care products, the rising number of product launches, growing vendor focus on promoting lemon essential oil, and expanding retail spaces are some other factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.
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Global Lemon Essential Oil Market: Segmentation Analysis
This market research report segments the global lemon essential oil market by product (conventional and organic) and geographical regions (APAC, Europe, North America, South America, and MEA).
The APAC region led the market in 2018, followed by Europe, North America, South America, and MEA respectively. However, during the forecast period, the North American region is expected to register the highest incremental growth due to the growing focus of vendors on boosting sales by providing additional price discounts to drive market growth in the region.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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