Lemongrass Oil Market Expectations & Growth Trends Highlighted Until 2031

The report covers various factors affecting the Lemongrass Oil market. FMI provides in-depth insights into the market. It presents the study in a coherent chapter-wise format, interspersed with data and relevant infographics. The report adopts an analytical approach to help our clients get a better understanding of the market. Our expert market research analysts in the food & beverage industry domain carry out extensive primary and secondary research with the help of digital intelligence for optimized decision making.

FMI, in its latest Lemongrass Oil market report, offers a bird’s eye view on the historical and upcoming growth in terms of production, consumption, volume, and value. The report is classified on the basis of key segments, sub-segments, according to the major regions and offers an in-depth analysis of the competitive landscape.

The report offers a comprehensive, discussing in detail upcoming trends, opportunities and challenges that will aid the expansion of the Lemongrass Oil market.

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COVID-19 Impact Analysis on Lemongrass Oil Market

The recent outbreak of the COVID-19 has significantly impacted the food and beverage industry. Since the pandemic and various lockdown restrictions, hotel industries had to take shelter within the e-commerce industry to provide online delivery services and food to consumers.

 Manufacturers have adopted the new normal of ‘take-away’ food and groceries to maintain their financial revenue in crucial times. With the relaxation in lockdown, the food and beverages industry is expected to witness moderate growth through 2021 and beyond.

FMI provides a detailed chapter on the impact of Covid-19 on the global Lemongrass Oil market. This allows the established and emerging economies to understand the economic market scenario during the pandemic and benefits them in making profound business decisions through cost-effective solutions.

Important Questions Answered in the Report

  • Which end user is expected to create lucrative growth opportunities for the global Lemongrass Oil market?
  • How is the Lemongrass Oil market likely to evolve in the upcoming years?
  • What are the upcoming trends and opportunities likely to prevail the Lemongrass Oil market in the future?
  • What innovative strategies are adopted by Lemongrass Oil market players to stay ahead of the pack?
  • Which region is expected to be the most lucrative region for the Lemongrass Oil market?
  • What are the restraints affecting the growth of the global Lemongrass Oil market?

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Lemongrass Oil: Segmentation

The lemongrass oil market is segmented on the basis of the application, grade and regions. On the basis of lemongrass oil application market is segmented as pharmaceutical, cosmetics & personal care, and food and beverages. As Lemongrass oil possess high medicinal value and is used in various treatments since history market demand in the pharmaceutical segment is significantly high.

On the basis of lemongrass oil application in cosmetic & personal care products, the product is used in soaps, deodorants, shampoos, conditioner, body lotion, air freshener and tonics.

Its essential vitamin contents, as well as skin healing properties, are driving lemongrass oil market demand in the personal care market segment. Lemongrass oil popularity as a fragrance and taste, its demand in the food and beverage market segment has grown over time.

It is used in various culinary delights, added to ready-made curries, paired with beef, fish, poultry and seafood’s, it is also used for flavouring tea and soups.

The lemongrass oil market is further segmented on the basis of grades as food grade and therapeutic grade. Food grade is basically for food and beverage purposes and therapeutic grade is for pharmaceutical as well as personal care uses. The lemongrass oil market is later segmented on the basis of regions, like North America, Latin America, Eastern Europe, Western Europe, Asia-Pacific excluding Japan, Japan, and the Middle East & Africa.

Lemongrass Oil: Region wise outlook

Latin America and Europe are leading regional markets importing lemongrass oil. However, being the origin region of lemongrass oil, Asia Pacific market leading exporter market for lemongrass oil, India and China are major producer markets. The Asia Pacific and European markets are expected to witness higher growth in the forecast period.

In Asian countries such as Thailand, Malaysia, Cambodia, Vietnam and Indonesia, lemongrass oil is a popular ingredient in many culinary delights. The market demand for lemongrass oil is increasing its popularity in flavouring Asian cooking too. Lemongrass oil is gaining popularity from health-conscious consumers from Latin America, which is driving market growth in the region.

 Lemongrass Oil: Trends and Drivers

Lemongrass oil has various medicinal, skincare properties as well as health benefits, due to this lemongrass oil is gaining popularity in the worldwide markets. The increasing popularity of lemongrass oil in aromatherapy is driving global market demand.

The trending natural oil-based personal care product demand by consumers is another market driver for lemongrass oil. In addition, lemongrass oil has various health benefits which are related to essential oil are anticipated to drive the lemongrass oil demand in pharmaceutical.

And applications medical and the product has no harmful side effects which will help in penetrating the market in future. Also, increasing uses in the food and beverage industry for culinary dishes is another major market driver.

Lemongrass Oil: Key players

Some of the key participating players in the Lemongrass oil market globally are The Leburmuth Company, Essential Oils of New Zealand, Young Living Essential Oils, doTerra, Sydella Laboratoire, West India Spices Inc, Falcon, Rajkeerth Aromatics, Reho natural ingredients etc. among the others.

Lemongrass Oil Market: Competitive Analysis

The latest study by FMI presents a detailed view of the market players operating in the Lemongrass Oil market. With an in-depth analysis of the positioning of prominent players as well the players emerging in the industry, the FMI offers a detailed SWOT analysis for the market players over the forecast period.

Significant Contributions to the Report

  • Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
  • Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
  • Segmental Analysis: Extensive research on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
  • Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions.

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