March 25, 2019 by Steve Blade
The toiletries segment may have a small revenue share but can become lucrative if key players devise appropriate strategies as it wouldn’t be wise to overlook a potential market opportunity of almost US$ 35 million in 2022.
The lemon tree is native to Asia and is widely cultivated for its citrus fruit that is used across the world in both culinary and non-culinary ways. Initially grown purely for an aesthetic and ornamental purpose, the health-benefits of all aspects of the lemon tree have been exhaustively documented, particularly that of lemon oil. Lemon oil is considered an essential oil and is extremely popular for its refreshing, citrusy aroma that seems to reinvigorate people.
Grown in Asia for centuries, the lemon tree has become indispensable to the entire human race. While historically grown for its aesthetic and aromatic appeal, the lemon fruit has been recognized in the modern day as so much more than that. Lemon oil, in particular, is thought to be the most effective anti-microbial agent in all the essential oils. Studies have shown that lemon oil improves neurological activity and breaks down body fat. Lemon oil is also useful as a laundry freshener, teeth whitener, face wash, household cleaner, and cellulite cream.
Lemon oil easily blends with many essential oils such as rose oil, lavender oil, and sandalwood oil, making it very popular among herbalists who rely on aromatherapy. The aromatherapy segment is anticipated to grow to almost US$ 80 million in 2022, making it imperative for companies to target in the lemon oil market.
Numerous Uses of Lemon Oil to Benefit Lemon Oil Market
Lemon oil has astringent, antifungal, disinfectant, antiseptic, and detoxifying properties and it can be deployed in a variety of ways. Some examples include house cleaning, laundry, and air freshening. Lemon oil also blends extremely well with other essential oils such as tea tree oil, geranium oil, peppermint oil, sandalwood oil, rose oil, and lavender oil, making it a good choice for herbalists who rely on aromatherapy. All of this is anticipated to boost the overall lemon oil market which is predicted to cross US$ 410 million by the year 2022.
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Natural Segment Winning Over Organic in the Lemon Oil Market
It is a two-horse race in the lemon oil market between the natural segment and the organic one with the scales tilted decisively in favor of the former. A revenue share exceeding two third of the lemon oil market by source type makes the natural segment extremely lucrative and a projected market size of almost US$ 300 million by the end of the forecast period attests the segment's dominance. Europe accounts for approx. 2/5th of the natural segment which can largely be attributed to the awareness and desire of customers in this region to opt for natural products whenever they are available.
Competition Dashboard in the Lemon Oil Market
Key companies in the lemon oil market, which are expected to remain active in the market through 2022, are Citromax Flavors, American Vegetable Oils, Grief Inc., Fischer S/A, Citrus and Allied Essences, Askuvital, Aromaaz International, Biolandes, DoTERRA International, and Lionel Hitchen Essential Oils.
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