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The limonene market share is expected to increase by USD 137.10 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.79%.
This limonene market research report extensively covers limonene market segmentation by end-user (food and beverage processing, pharmaceuticals, and personal care and cosmetics) and geography (APAC, North America, South America, Europe, and MEA). The limonene market report also offers information on several market vendors, including Astrra Chemicals Pvt. Ltd., Banner Chemicals Ltd, Citrosuco, Citrus Oleo, Ernesto Ventos SA, Florida Chemical Co., Mentha and Allied Products Pvt. Ltd., Recochem Inc., Shree Bankey Behari Lal Aromatics, and Sucorrico SA among others.
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The growing demand for limonene in the cosmetics industry is notably driving the limonene market growth, although factors such as fluctuation in the availability of raw materials 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 limonene industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Limonene Market Driver
One of the key factors driving growth in the limonene market is the growing demand for limonene in the cosmetics industry. The applications of limonene in cosmetics and personal care products have grown significantly in recent years, owing to its health benefits and the rising demand for organic personal care products. Due to its excellent penetration capacity and anti-inflammatory characteristics, D-Limonene is a popular choice in products for skincare regimes. Unlike volatile substances, bio-solvents such as limonene have antioxidant properties, which has increased their use in cosmetics. Limonene is used for personal skincare products like sun care, moisturizing skincare, anti-aging, and hair restructuring products. As a result, there is an increasing demand for organic cosmetics and personal care products, which is driving the growth of the global limonene market.
Key Limonene Market Trend
The rising adoption as a solvent in the paint industry is another factor supporting the limonene market share growth. Limonene is a solvent that may be used to replace chlorinated hydrocarbons, chlorofluorocarbons, and other solvents. Limonene can also be used to remove oil and debris from painted surfaces. Thus, it is used for degreasing metals prior to industrial painting, for cleaning applications in the electronics sector, and in cleaning applications in the printing business. The European Commission and other federal government organizations have established new laws and regulations, such as the Eco-product Certification Scheme (ECS) for product categories like soaps and detergents, paints, and food Items. These restrictions encourage manufacturers of paints and coatings to invest in bio-based raw materials, making them more environment-friendly. As a result of the increased need for natural raw materials in the paints and coatings industry, the demand for limonene is expected to rise during the forecast period, and we may expect the market in focus to witness positive growth.
Key Limonene Market Challenge
The fluctuation in the availability of raw materials will be a major challenge for the limonene market during the forecast period. Limonene is a colorless liquid hydrocarbon with a lemony scent that is found in citrus essential oils such as lemon essential oil, orange essential oil, and others. Limonene is growing in popularity globally because of its numerous uses in medicines, cosmetics, and the food and beverage sector. However, several markets face obstacles as the cultivation of citrus fruits is primarily seasonal in nature. The scarcity of citrus fruits and consequently of limonene hampered its (limonene) use in numerous applications. As a result, several manufacturers, such as the cosmetic industry, pharmaceutical industry, are focusing on developing synthetic substitutes for limonene in order to address this issue. The use of chemicals and other alternatives for limonene is hindering the market growth.
This limonene 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 2022-2026.
Technavio categorizes the global limonene 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 limonene market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the limonene market encompasses successful business strategies deployed by the key vendors. The limonene market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Astrra Chemicals Pvt. Ltd - The company offers D -Limonene as a cleaner degreaser, deodorizer & disinfectant. It is mostly used in cosmetic and food applications and has a long shelf life
To make the most of the opportunities and recover from 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 limonene 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.
Our report provides extensive information on the value chain analysis for the limonene market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains 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.
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42% of the market's growth will originate from APAC during the forecast period. India, Australia, and China are the key markets for limonene in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The high demand for healthy, organic food coupled with the increasing disposable incomes of consumers will facilitate the limonene 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
In 2020, following the outbreak of the COVID-19 pandemic, governments in several countries across the region imposed nationwide lockdowns, which limited the movement of people. However, as of early 2021, with the number of COVID-19 cases decreasing due to active vaccination drives, most countries in APAC have lifted the lockdown restrictions, and retail stores and manufacturing units have reopened and resumed their operations, which is expected to spur higher demand for organic foods and supplies, which, in turn, will have a positive impact on the limonene market in the region. Thus, we can expect to see a positive growth rate for the market during the forecast period.
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The limonene market share growth by the food and beverage processing segment will be significant during the forecast period. Globally, the food and beverage sector is expanding at a steady rate, with new product and ingredient developments driving the growth of the industry. The growing demand for organic foods, especially from the elderly, health-conscious people, and parents worried about the health of their children, are driving factors for the food and beverage industry. The organic food category is growing at an exponential rate as more people across the world are choosing to consume food products that use organic ingredients, which is boosting the demand for limonene as it is a naturally occurring chemical used in enhancing flavor and as a food additive.
This report provides an accurate prediction of the contribution of all the segments to the growth of the limonene market size and actionable market insights on post COVID-19 impact on each segment.
Limonene Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.79% |
Market growth 2022-2026 |
$ 137.10 million |
Market structure |
Fragmented |
YoY growth (%) |
3.57 |
Regional analysis |
APAC, North America, South America, Europe, and MEA |
Performing market contribution |
APAC at 42% |
Key consumer countries |
US, China, India, Brazil, Australia, and Mexico |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Astrra Chemicals Pvt. Ltd., Banner Chemicals Ltd, Citrosuco, Citrus Oleo, Ernesto Ventos SA, Florida Chemical Co., Mentha and Allied Products Pvt. Ltd., Recochem Inc., Shree Bankey Behari Lal Aromatics, and Sucorrico SA |
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. |
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***1. Executive Summary
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 3
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 6
*Exhibit 06: Key Finding 7
*Exhibit 07: Key Finding 8
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 08 Parent market
*Exhibit 09: Market characteristics
**2.2 Value Chain Analysis
*Exhibit 10: Value Chain Analysis: Packaged foods and meats market
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Primary processing
*2.2.4 Secondary and tertiary processing
*2.2.5 Outbound logistics
*2.2.6 End-customers
*2.2.7 Marketing and sales
*2.2.8 Services
*2.2.9 Innovations
***3. Market Sizing
**3.1 Market definition
*Exhibit 11: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 12: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021 - 2026
*3.4.1Estimating growth rates for emerging and high-growth markets
*3.4.2Estimating growth rates for mature markets
*Exhibit 13: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 14: Global market: Year-over-year growth 2021 - 2026 (%)
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 15: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 16: Bargaining power of the buyer
**4.3 Bargaining power of suppliers
*Exhibit 17: Bargaining power of the supplier
**4.4 Threat of new entrants
*Exhibit 18: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 19: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 20: Threat of rivalry
**4.7 Market condition
*Exhibit 21: Market condition - Five forces 2021
***5. Market Segmentation by End user
**5.1 Market segments
*Exhibit 22: End user- Market share 2021-2026 (%)
**5.2 Comparison by End user
*Exhibit 23: Comparison by End user
**5.3 Food and beverage processing - Market size and forecast 2021-2026
*Exhibit 24: Food and beverage processing - Market size and forecast 2021-2026 ($ million)
*Exhibit 25: Food and beverage processing - Year-over-year growth 2021-2026 (%)
**5.4 Pharmaceuticals - Market size and forecast 2021-2026
*Exhibit 26: Pharmaceuticals - Market size and forecast 2021-2026 ($ million)
*Exhibit 27: Pharmaceuticals - Year-over-year growth 2021-2026 (%)
**5.5 Personal care and cosmetics - Market size and forecast 2021-2026
*Exhibit 28: Personal care and cosmetics - Market size and forecast 2021-2026 ($ million)
*Exhibit 29: Personal care and cosmetics - Year-over-year growth 2021-2026 (%)
**5.6 Market opportunity by End user
*Exhibit 30: Market opportunity by End user
***6. Customer landscape
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
**6.1 Overview
*Exhibit 31: Customer landscape
***7. Geographic Landscape
**7.1 Geographic segmentation
*Exhibit 32: Market share by geography 2021-2026 (%)
**7.2 Geographic comparison
*Exhibit 33: Geographic comparison
**7.3 APAC - Market size and forecast 2021-2026
*Exhibit 34: APAC - Market size and forecast 2021-2026 ($ million)
*Exhibit 35: APAC - Year-over-year growth 2021-2026 (%)
**7.4 North America - Market size and forecast 2021-2026
*Exhibit 36: North America - Market size and forecast 2021-2026 ($ million)
*Exhibit 37: North America - Year-over-year growth 2021-2026 (%)
**7.5 South America - Market size and forecast 2021-2026
*Exhibit 38: South America - Market size and forecast 2021-2026 ($ million)
*Exhibit 39: South America - Year-over-year growth 2021-2026 (%)
**7.6 Europe- Market size and forecast 2021-2026
*Exhibit 40: Europe - Market size and forecast 2021-2026 ($ million)
*Exhibit 41: Europe - Year-over-year growth 2021-2026 (%)
**7.7 MEA - Market size and forecast 2021-2026
*Exhibit 42: MEA - Market size and forecast 2021-2065 ($ million)
*Exhibit 43: MEA- Year-over-year growth 2021-2026 (%)
**7.8 Key leading countries
*Exhibit 44: Key leading countries
**7.9 Market opportunity by geography
*Exhibit 45: Market opportunity by geography ($ million)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Growing demand for limonene in the cosmetics industry
*8.1.2 Increase in demand from pharmaceutical industry
*8.1.3 Increasing application from automobile industry
**8.2 Market challenges
*8.2.1 Fluctuation in the availability of raw materials
*8.2.2 Adverse climatic conditions affecting fruits production
*8.2.3 Increased chances of food contamination
*Exhibit 46: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Rising adoption as a solvent in the paint industry
*8.3.2 Rising demand for smart agricultural practices
*8.3.3 Government initiatives to increase agriculture production
***9. Vendor Landscape
**9.1 Overview
*Exhibit 47: Vendor landscape
**9.2 Landscape disruption
*Exhibit 48: Landscape disruption
*Exhibit 49: Industry Risk
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 50: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 51: ?Market positioning of vendors?
**10.3 Astrra Chemicals Pvt. Ltd.
*Exhibit 52: Astrra Chemicals Pvt. Ltd. - Overview
*Exhibit 53: Astrra Chemicals Pvt. Ltd. - Product and service
*Exhibit 54: Astrra Chemicals Pvt. Ltd. - Key offerings
**10.4 Banner Chemicals Ltd
*Exhibit 55: Banner Chemicals Ltd - Overview
*Exhibit 56: Banner Chemicals Ltd - Product and service
*Exhibit 57: Banner Chemicals Ltd - Key offerings
**10.5 Citrosuco
*Exhibit 58: Citrosuco - Overview
*Exhibit 59: Citrosuco - Product and service
*Exhibit 60: Citrosuco - Key offerings
**10.6 Citrus Oleo
*Exhibit 61: Citrus Oleo - Overview
*Exhibit 62: Citrus Oleo - Product and service
*Exhibit 63: Citrus Oleo - Key offerings
**10.7 Ernesto Ventos SA
*Exhibit 64: Ernesto Ventos SA - Overview
*Exhibit 65: Ernesto Ventos SA - Product and service
*Exhibit 66: Ernesto Ventos SA - Key offerings
**10.8 Florida Chemical Co.
*Exhibit 67: Florida Chemical Co. - Overview
*Exhibit 68: Florida Chemical Co. - Product and service
*Exhibit 69: Florida Chemical Co. - Key offerings
**10.9 Mentha and Allied Products Pvt. Ltd.
*Exhibit 70: Mentha and Allied Products Pvt. Ltd. - Overview
*Exhibit 71: Mentha and Allied Products Pvt. Ltd. - Product and service
*Exhibit 72: Mentha and Allied Products Pvt. Ltd. - Key offerings
**10.10 Recochem Inc.
*Exhibit 73: Recochem Inc. - Overview
*Exhibit 74: Recochem Inc. - Product and service
*Exhibit 75: Recochem Inc. - Key offerings
**10.11 Shree Bankey Behari Lal Aromatics
*Exhibit 76: Shree Bankey Behari Lal Aromatics - Overview
*Exhibit 77: Shree Bankey Behari Lal Aromatics - Product and service
*Exhibit 78: Shree Bankey Behari Lal Aromatics - Key offerings
**10.12 Sucorrico SA
*Exhibit 79: Sucorrico SA - Overview
*Exhibit 80: Sucorrico SA - Product and service
*Exhibit 81: Sucorrico SA - Key offerings
***11. Appendix
**11.1 Scope of the report
*11.1.1 ????Market definition
*11.1.2 ????Objectives
*11.1.3 ????Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 82: ?Currency conversion rates for US$?
**11.3 Research Methodology
*Exhibit 83: ?Research Methodology
*Exhibit 84: ??Validation techniques employed for market sizing?
*Exhibit 85: ??Information sources
**11.4 List of abbreviations
*Exhibit 86: List of abbreviations
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