The lemon essential oil market share is expected to increase by USD 193.04 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.79%. This lemon essential oil market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. The lemon essential oil market report also offers information on several market vendors, including BONTOUX SAS, CITROMAX, Citrus and Allied Essences Ltd., doTERRA International LLC, Isagenix International LLC, Lionel Hitchen Ltd., Nestle SA, Sydney Essential Oil Co., Ultra International BV, and Young Living Essential Oils among others. Furthermore, this report extensively covers market segmentation by product (conventional and organic) and geography (APAC, Europe, North America, South America, and MEA).
What will the Lemon Essential Oil Market Size be During the Forecast Period?
Download the Free Report Sample to Unlock the Global market Size for the Forecast Period and Other Important Statistics
Lemon Essential Oil Market: Key Drivers, Trends, and Challenges
Based on our research output, there has been a positive impact on the market growth during and post-COVID-19 era. The rising number of product launches is notably driving the global market growth, although factors such as the rising threat from substitute products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the global market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Market Driver
The rising number of product launches is one of the key factors driving the growth of the global market. One of the major drivers for the global market is the increasing number of product launches. Vendors are increasingly introducing new variants of lemon essential oils to gain a competitive advantage in the market. Product launches help vendors increase sales in the lemon essential oil segment, thereby increasing their market share. For instance, in March 2019, Brandless Inc. (Brandless) launched lemon essential oil at affordable prices intended for use in aromatherapy. Similarly, in June 2018, Garden of Life announced the launch of 10 new organic essential oils for aromatherapy. These include lavender, peppermint, lemon, tea tree, eucalyptus, sweet orange, geranium, lemongrass, rosemary, and frankincense essential oils. The company uses lemon sourced from Argentina. Manufacturers are increasingly offering a diverse portfolio of lemon essential oil products to cater to the rising consumer demand for these products. Overall, the rising number of new product offerings is expected to continue to drive the growth of the global market during the forecast period.
Key Market Trend
The rising popularity of lemon essential oil in aromatherapy will fuel the global market. Aromatherapy is an alternative medicine that uses volatile plant materials, such as lemon essential oil, whose aroma can be inhaled by patients with different health conditions. It is known to be beneficial for pain relief and stress relief, as well as sore joints, headaches, and migraine. Lemon essential oil products are known to alleviate the side effects of chemotherapy and help fight against bacteria and viruses. These are known to improve digestion, boost immunity, and quicken healing. Owing to their multiple health benefits, lemon essential oils are also being increasingly used in aromatherapy. In Europe, aromatherapy is commonly used to treat fatigue and stress. Moreover, vendors operating in the market are increasingly focusing on offering therapeutic-grade lemon essential oils. For instance, d?TERRA International offers lemon essential oils that are of Certified Pure Therapeutic Grade (CPTG)-certified standard to ensure therapeutic quality. Overall, the growing popularity of aromatherapy will increase the demand for lemon essential oil and thereby accelerate the growth momentum of the market during the forecast period.
Key Market Challenge
The rising threat from substitute products is a major challenge for global market growth. One of the key challenges expected to hamper the growth of the global market during the forecast period is the growing threat from alternative essential oils such as peppermint essential oil, lavender essential oil, basil essential oil, rose essential oil, and tea tree essential oil. A rise in the number of product launches and product innovations associated with alternative essential oils has positively impacted the sales of lemon essential oil over the last few years. Essential oils extracted from other sources can also be used in similar applications as those of lemon essential oils. Basil essential oil provides many health benefits such as relief from migraines, nervous tension, anxiety, depression, fatigue, and mental strain. It contains chemical compounds such as eugenol, citronella, and linalool, which help reduce skin inflammation. Overall, the increasing availability of other types of alternative essential oils and their ability to replace lemon essential oil will negatively affect market growth during the forecast period.
This global market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Parent Market Analysis
Technavio categorizes the lemon essential oil market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the global market during the forecast period.
Who are the Major Lemon Essential Oil Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- BONTOUX SAS
- CITROMAX
- Citrus and Allied Essences Ltd.
- doTERRA International LLC
- Isagenix International LLC
- Lionel Hitchen Ltd.
- Nestle SA
- Sydney Essential Oil Co.
- Ultra International BV
- Young Living Essential Oils
This statistical study of the global market encompasses successful business strategies deployed by the key vendors. The global market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
- BONTOUX SAS - The company offers crude, FCF, and folded lemon essential oil.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The global market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Lemon Essential Oil Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the global market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for Lemon Essential Oil Market?
For more insights on the market share of various regions Request for a FREE sample now!
43% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the global lemon essential oil in APAC. Market growth in this region will be faster than the growth of the market in regions.
The rising number of product launches will facilitate the global market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 across the world led to raw material supply disruptions. The COVID-19 infection has spread at an alarming rate, resulting in a complete lockdown in several countries. This, along with the restrictions on trade activities, can hamper the cultivation and exports of raw materials such as lemon, which, in turn, will lead to supply disruptions. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. Such factors are expected to drive the market during the forecast period.
What are the Revenue-generating Product Segments in the Lemon Essential Oil Market?
To gain further insights on the market contribution of various segments Request for a FREE sample
The global market share growth by the conventional segment will be significant during the forecast period. The EU mandates the compliance and certification of conventional lemon essential oil products with respect to the end-user industry. According to the EU, the final product used in the formulation of lemon essential oils to be marketed as a medicinal product must comply with the pharmaceutical requirements established by the EU. Such factors will increase the market demand during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the global market size and actionable market insights on the post-COVID-19 impact on each segment.
|
Global Lemon Essential Oil Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2020 |
|
Forecast period |
2021-2025 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 4.79% |
|
Market growth 2021-2025 |
$ 193.04 million |
|
Market structure |
Fragmented |
|
YoY growth (%) |
3.95 |
|
Regional analysis |
APAC, Europe, North America, South America, and MEA |
|
Performing market contribution |
APAC at 43% |
|
Key consumer countries |
China, US, UK, Japan, and Germany |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
|
Key companies profiled |
BONTOUX SAS, CITROMAX, Citrus and Allied Essences Ltd., doTERRA International LLC, Isagenix International LLC, Lionel Hitchen Ltd., Nestle SA, Sydney Essential Oil Co., Ultra International BV, and Young Living Essential Oils |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Global Lemon Essential Oil Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive global market growth during the next five years
- Precise estimation of the global market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- The growth of the global lemon essential oil industry across APAC, Europe, North America, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of global vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch