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.
The global lemongrass oil market will expand at a 5.90% CAGR between 2023 and 2030.
The demand for lemongrass oil is rising due to the increased demand in the food & beverage industry.
Demand for pure oil remains higher in the lemongrass oil market.
The food & beverages category held the highest lemongrass oil market revenue share in 2023.
North America will continue to lead, whereas the European lemongrass oil market will experience the strongest growth until 2030.
