August 22, 2019 by Steve Blade
In a recently published lime oil market report, the global market for lime oil has been expected to witness sluggish growth over the next five years. The report projects 3.8% CAGR for lime oil market over 2017-2022, despite the presence of a slew of health advantages that lime oil offers. Poor growth prospects for lime oil market have been attributed to the drastically impactful supply-demand and pricing scenario of lime as well as lime oil. Thorough analysis of all the factors likely to shape the lime oil market performance through 2022 is provided in the report.
With the popularity of naturally sourced citrus essential oils (CEOs) growing as a natural preservative in processed food and beverage products, lime oil has been witnessing a passive growth outlook over the past few years. Moreover, despite extending an extensive range of health benefits, lime oil sales revenue is consistently on a decline in the recent years. A new study conducted by Fact.MR on the lime oil market analyzes the current as well as prospective scenario of the lime oil landscape over the five-year projection period – 2017-2022. The report provides an in-depth assessment of the falling lime oil market performance, emphasizing all the market growth influencers that are expected to retain their impact through 2022.
Growing Commercialization of Lime Oil in Processed Food Sector to Push Prospects for Lime Oil Market in F&B Industry
Lime oil is one of the affordable essential oils compared to its other expensive counterparts, which enables it to secure a relatively larger consumer base over others in the essential oils landscape. With a substantial consumer mass preferring natural and organic over conventional food ingredients, natural essential oils are consistently witnessing a steadily growing trajectory. Even purchase decisions regarding processed food products are highly influenced by the demand for natural, non-chemical ingredients. Lime oil producers are increasingly focusing on introducing food grade lime oil variants for both flavoring as well as preservation applications. Commercial use of lime oil as a natural preservative has been first recorded in canned, frozen, and vacuum-packed foods, in addition to bottled beverages and fruit juices.
Cosmetics, Personal Care, and Household Care to Mark Important End Use Areas in Lime Oil Market
Besides excellent purification properties, lime oil possesses exceptional antibacterial and disinfectant properties that make it an ideal candidate for formulating a wide range of household and personal care products. Incorporation of natural lime oil is perceived as an added value to conventionally used personal care products.
Moreover, the capabilities of lime oil to help prevent hair loss, skin aging, and muscular weakness will continue to push the applicability of lime oil in anti-aging cosmetic products. Leading brands in the household care sector are already consuming substantial volumes of lime oil since the past decade. The lime oil sales revenue is poised to be pushed further by elevating adoption by beauty and personal care companies.
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