Global Lemongrass Oil
Market Report
2024
Global Lemongrass Oil Market will be USD 38.1 billion in 2023 and grow at a compound annual growth rate (CAGR) of 5.90% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global lemongrass oil market will be USD 38.1 billion in 2023 and grow at a compound annual growth rate (CAGR) of 5.90% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Lemongrass Oil Market Sales Revenue 2023 | $ 38.1 Billion |
Global Lemongrass Oil Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.9% |
Europe Lemongrass Oil Market Sales Revenue 2023 | $ 13.335 Billion |
Asia Pacific Lemongrass Oil Market Sales Revenue 2023 | $ 8.382 Billion |
South America Lemongrass Oil Market Sales Revenue 2023 | $ 2.667 Billion |
Middle East and Africa Lemongrass Oil Market Sales Revenue 2023 | $ 1.524 Billion |
North America Lemongrass Oil Market Sales Revenue 2023 | $ 13.335 Billion |
Market Split by Type |
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Market Split by Application |
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Market Split by Grade |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Lemongrass Oil Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The growing interest in herbal and natural remedies, rising demand for essential oils, increasing demand in the food and beverage industry, rising demand for organic products, increasingly adopting healthier lifestyles, used in traditional medicine systems, globalization of cuisine, increasing export opportunities, climate change, and sustainability concerns and ongoing research and innovation into health benefits of lemongrass are the primary drivers driving the market growth.
A significant market driver for Lemongrass Oil has been rising investments in affordable oil extraction methods. It can be attributed to the growing demand for lemongrass oil in various industries, including aromatherapy, cosmetics, and food and beverage. These investments are primarily focused on improving the efficiency and cost-effectiveness of oil extraction processes, such as steam distillation and cold-pressing.
For instance, in December 2018, students from TU Delft and Amrita conducted a field survey in Kerala, India, to identify locally available resources containing renewable energy sources to design and build a sustainable and low-cost oil distillation unit. The team developed a solar thermal-based steam distillation unit to distill oil from the lemongrass plant. This new solar-powered steam distillation unit will help villagers extract oil without a huge investment in equipment set-up.
Producers can increase their lemongrass oil output by developing more affordable and sustainable methods, making it more accessible and cost-competitive for a wider range of applications. It supports expanding the lemongrass market and meets the rising consumer demand for natural and botanical-based products across different sectors.
The Lemongrass Oil market has been revolutionized because of rising product innovations. These innovations encompass various industries, from food and beverages to cosmetics and pharmaceuticals. Companies are continually exploring new ways to incorporate lemongrass into their products due to its versatile flavor and potential health benefits. Lemongrass-infused teas, culinary seasonings, essential oils, and skincare products have gained popularity, expanding the market's scope.
For instance, in April 2021, the U.S.-based brand Commit Haircare introduced the debut product of its Rooted in Strength Collection. The product is its Spring to Life Oil, which has key essential oil ingredients such as lemongrass oil, aloe oil, rice bran oil, and rosemary oil.
Additionally, research into the medicinal properties of lemongrass, such as its potential to alleviate anxiety and aid digestion, further fuels its demand. As consumer preferences for natural and exotic flavors continue to grow, these innovations are expected to play a pivotal role in boosting the global lemongrass market.
The constraints of price fluctuations due to climate constrain the Lemongrass Oil market. Lemongrass cultivation is sensitive to weather conditions, and temperature, rainfall, and humidity variations can significantly impact crop yields and quality. Unpredictable weather events like droughts or excessive rainfall can lead to supply shortages, driving prices upward. Climate change exacerbates these issues, making lemongrass production vulnerable to extreme weather patterns. As a result, market participants face increased uncertainty and risks, making stabilizing prices, planning investments, or predicting future market conditions challenging.
The reduced demand from the food and beverage industry, lockdowns, and supply chain disruptions led to decreased production and distribution. However, the market showed resilience due to the growing popularity of herbal remedies and increased demand for lemongrass in the healthcare sector. This shift in consumer behavior and the eventual easing of pandemic restrictions are expected to drive market recovery and growth in the post-pandemic era.
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COMPETITIVE LANDSCAPE: LEMONGRASS OIL MARKET
The market for Lemongrass Oil has a very diverse competitive environment. Prominent companies are engaged in research and development, product innovation, and strategic partnerships to gain a competitive edge. Increasing demand for lemongrass in the food and beverage, essential oils, and personal care industries is driving market growth.
Top Companies Market Share in Lemongrass Oil Industry: (In no particular order of Rank)
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Global Lemongrass Oil Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Lemongrass Oil Industry growth. Lemongrass Oil market has been segmented with the help of its Type, Application Grade, and others. Lemongrass Oil market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, pure oil is the item that is utilized the most frequently in the market for Lemongrass Oil. It is derived through steam distillation of fresh or dried lemongrass leaves. It is known for its strong and distinctive lemony aroma and is a popular choice in the aromatherapy and essential oils industry. Pure lemongrass oil is valued for its therapeutic properties, including its use as a natural insect repellent and stress reliever and its potential as an anti-inflammatory and antifungal agent.
Blend is the second-most used product. They are created by combining lemongrass oil with other essential oils or fragrances to create unique scents and enhance their therapeutic benefits. Blends may include oils like lavender, eucalyptus, or peppermint, offering a broader range of aroma therapeutic applications. These blends are commonly used in the production of cosmetics, personal care products, and household cleaners.
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According to Cognitive Market Research, food & beverages are the most extensively used application in the Lemongrass Oil market. It is commonly used in various culinary applications, particularly in Asian cuisine. Lemongrass imparts a refreshing, citrusy flavor to dishes and is a popular choice in soups, curries, and marinades. Additionally, it is used to make lemongrass tea, a popular herbal beverage known for its soothing and aromatic qualities. The demand for lemongrass in this segment is driven by its unique flavor profile and its association with healthier, natural ingredients.
The Lemongrass Oil for fragrances offering ranks second in usage. It is known for its fresh, citrusy, and uplifting aroma. Fragrance products, including perfumes, candles, and cosmetics, often incorporate lemongrass oil for its pleasant scent and aromatherapy benefits. The fragrance segment experiences demand for lemongrass due to the increasing preference for natural and botanical scents in personal care and household products.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Lemongrass Oil market report 2024 Edition by contacting our team.
The therapeutic grade is the Lemongrass Oil market's most popular offering. It is valued for its high concentration of essential oils and active compounds like citral, which possess various therapeutic properties. This grade is commonly used in the production of essential oils, herbal remedies, and aromatherapy products. Its applications include stress relief, relaxation, and natural remedies for various ailments.
According to Cognitive Market Research, food grade is the second-most popular product. It adds a unique and refreshing lemony flavor to a wide range of dishes, including soups, curries, teas, and desserts. This grade of lemongrass is sought after for its culinary applications and is widely used to infuse flavor into both savory and sweet dishes. Its aromatic and citrusy notes make it popular in the food and beverage industry.
According to Cognitive Market Research, North America dominated the market in 2023 and accounted for a share of more than 35% of the global revenue due to several variables. The North American region dominates the market for Lemongrass Oil. The growth is due to increasing demand for natural flavors and herbal products. Additionally, the growing interest in ethnic cuisines and health-conscious lifestyles contributes to the region's lemongrass market expansion. Sustainable farming practices and diverse product offerings further bolster the North American lemongrass market's outlook. According to Cognitive Market Research, due to its versatile use in culinary and medicinal applications, the United States is anticipated to hold a strong position in the North American area. With a growing interest in ethnic cuisines and natural remedies, lemongrass has found its place in various products and dishes. This trend will likely continue, making the United States a key region for lemongrass consumption and trade.
The region's increasing demand for its culinary and medicinal applications creates a considerable demand for Lemongrass Oil, which promotes global trade and business growth. Additionally, the popularity of Asian cuisine and using lemongrass as a flavoring agent have contributed to its rising prominence. Sustainable farming practices and expanding lemongrass cultivation in regions with favorable climates have played a vital role in meeting the demand. The European lemongrass market is poised for continued expansion in the coming years.
The current report Scope analyzes Lemongrass Oil Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, Europe had the fastest growth in the market in 2023 and accounted for a share of more than 35% of the global revenue due to several variables. The European region has the fastest growth in the market for Lemongrass Oil. Lemongrass, known for its aromatic and medicinal properties, is gaining popularity in various culinary applications and herbal products. Additionally, its perceived health benefits and versatility in cooking have spurred its use in European cuisine. This growing awareness and the trend towards healthier eating habits are key drivers for expanding the lemongrass market in Europe. The market is segmented into various categories: lemongrass essential oils, dried lemongrass, and fresh lemongrass. Essential oils are in high demand for aromatherapy and cosmetic applications. Dried lemongrass is commonly used in culinary preparations, while fresh lemongrass is gaining popularity for its culinary and medicinal uses. This diverse segmentation reflects the versatility of lemongrass and its expanding presence in European markets.
According to Cognitive Market Research, Asia-Pacific has significant growth in the market in 2023 and accounted for a share of more than 22% of the global revenue due to several variables. The Asia-Pacific region has significant growth in the market for Lemongrass Oil. A key driver of this market is the increasing popularity of lemongrass as a versatile herb used in culinary applications, herbal medicines, and essential oil production. The herb's numerous health benefits and its role in traditional Asian cuisines have fueled its demand, making Asia-Pacific a major contributor to the global lemongrass industry's growth. Lemongrass, a versatile herb, finds applications in the culinary, essential oils, and medicinal sectors. It is segmented into fresh lemongrass, dried lemongrass, and essential oil. Increasing consumer demand for natural and organic products, particularly in the Asia-Pacific region, is driving the growth of this market, with a focus on sustainable farming practices and expanding product offerings.
According to Cognitive Market Research, Latin America has had major growth in the market in 2023 and accounted for a share of more than 7% of the global revenue due to several variables. The Latin American region has a major growth in the market for Lemongrass Oil. Lemongrass, known for its medicinal properties and culinary uses, is gaining popularity in the region. Growing demand for natural and organic ingredients, particularly in the food and beverage industry, is a major driver. Additionally, lemongrass is used in traditional medicine, further boosting its market presence. With its refreshing flavor and various applications, lemongrass is expected to continue its upward trend in Latin America. This market segment is characterized by a robust demand for lemongrass products, including essential oils and dried lemongrass, used in traditional medicine, aromatherapy, and food flavoring. Latin America's lemongrass segment is poised for continued expansion as domestic consumption and international exports promise to meet global demand.
According to Cognitive Market Research, the Middle East and Africa had less growth in the market in 2023. They accounted for a share of more than 4.00% of the global revenue due to several variables. The Middle East and Africa region has less growth in the market for Lemongrass Oil—the increasing consumer awareness of its health benefits and its versatile culinary applications. Lemongrass is gaining popularity as a herbal remedy, an essential oil, and a flavor enhancer in various dishes. Additionally, its use in traditional medicine and its antimicrobial properties contribute to its regional growth, making it a key driver in this market. Segmented into fresh and processed products, this market shows a rising demand for fresh lemongrass due to its role in traditional dishes and herbal remedies. With a growing emphasis on organic and sustainable farming, the Middle Eastern and African lemongrass market presents lucrative opportunities for local and international producers.
According to Cognitive Market Research, North America dominated the market in 2023 and accounted for a share of more than 35% of the global revenue due to several variables. The North American region dominates the market for Lemongrass Oil. Lemongrass, known for its medicinal and culinary uses, is gaining popularity due to its anti-inflammatory and antioxidant properties. Its versatility in applications, such as teas, essential oils, and herbal remedies, is attracting a growing customer base. Furthermore, the rising demand for natural and organic products is fueling North America's lemongrass market expansion, making it a lucrative sector for producers and retailers. Additionally, the segment of lemongrass essential oils has witnessed substantial growth due to its use in aromatherapy and personal care products. This market expansion is driven by consumers' increasing preference for natural and organic ingredients, resulting in a positive outlook for lemongrass production and trade in North America.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Lemongrass Oil Market is witnessing significant growth in the near future.
In 2023, the Pure Oil segment accounted for noticeable share of global Lemongrass Oil Market and is projected to experience significant growth in the near future.
The Food & Beverages segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies ArtNaturals Essential Oils , Doterra International LLC and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
1.‘India becomes one of the largest exporters of lemongrass’
Table of Content differs accordign to the user License selction. Current Displayed TOC is for the Corporate User License Report Edition. TOC Customization options: Add or Remove section's Or chapter's from the report. Specific section's of report can be ordered at a discounted price. If applicable; On Request Volume Data will also be provided (at an Additional Cost).
Type | Pure Oil, Blend |
Application | Food & Beverages, Fragrances , Personal Care and Aromatherapy, Pharmaceuticals, Medicinal Formulations |
Grade | Therapeutic Grade, Food Grade |
List of Competitors | ArtNaturals Essential Oils, Aura Cacia (Frontier Natural Products Co-op), Doterra International LLC, Edens Garden Inc, Fabulous Frannie Essential Oils, Healing Solutions LLC, Mountain Rose Inc, NOW Foods, Plant Guru Inc, Plant Therapy Essential Oils, The Lebermuth Company Inc, Ultra International B.V., Young Living Essential Oils, Others |
This chapter will help you gain GLOBAL Market Analysis of Lemongrass Oil. Further deep in this chapter, you will be able to review Global Lemongrass Oil Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Chapter 2 North America Market Analysis
Executive Summary North America Market (2019 vs 2024 vs 2031)
Purchase Add-Ons to Customize the Report Edition and get further granular data level data about the North America market. Add-On Cost: Request before placing the order, Respective Pricing will be informed after sending the inquiry
Qualitative Analysis for the North America Market: North America Lemongrass Oil Market Trends North America Lemongrass Oil Technological Road Map North America Lemongrass Oil Market Drivers North America Lemongrass Oil Market Restraints North America Lemongrass Oil Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia-Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Grade Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Lemongrass Oil market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Pure Oil have a significant impact on Lemongrass Oil market? |
What are the key factors affecting the Pure Oil and Blend of Lemongrass Oil Market? |
What is the CAGR/Growth Rate of Food & Beverages during the forecast period? |
By type, which segment accounted for largest share of the global Lemongrass Oil Market? |
Which region is expected to dominate the global Lemongrass Oil Market within the forecast period? |
Segmentation Level Customization |
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Additional Qualitative Data |
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Additional Quantitative Data |
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