According to the research of Future Market Insights, over the projected period, the Lemon Balm Extract Market is expected to expand at a CAGR of 5.5%. The industry's estimated value will increase from US$ 1,628.1 million in 2023 to US$ 2,781.1 Million in 2033. The Lemon Balm Extract Market was worth US$ 1,567.0 million at the end of 2022.
Market Size Value in 2023
US$ 1,628.1 Million
Market Forecast Value in 2033
US$ 2,781.1 Million
Global Growth Rate (2023 to 2033)
5.5%
Forecast Period
2023 to 2033
Global Market Share of US, Germany, Japan, and Australia
66.4%
Melissa officinalis, popularly known as lemon balm, is thought to have a relaxing effect. It was used in the medieval ages to lessen tension and anxiety, boost appetite, encourage sleep, and treat gastrointestinal pain and discomfort. In order to encourage relaxation, it is now frequently combined with other relaxing, soothing herbs including valerian, chamomile, and hops. It is additionally utilized in cold sore creams.
Lemon balm is used as an ingredient in culinary dishes because of its lemony flavor. It has been used to flavor liqueurs, fish, and poultry meals, as well as to sweeten jam and jellies. In addition, lemon balm is employed in the production of furniture polish, cosmetics, and fragrances.
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Historical Outlook versus Future Projections for Lemon Balm Extract Market
With a CAGR of 3.9% between 2018 and 2022, the global market for Lemon Balm Extract Market expanded from US$ 1,344.6 Million to US$ 1,567.0 Million.
The popularity of herbal extracts as safe products that are used in various weight-loss formulations, along with an increase in the number of health-conscious consumers, are driving the herbal extract market and, in turn, fostering the growth of Lemon Balm Extract in developed nations like North America and Western Europe.
The use of Lemon Balm Extract is not just limited to its health advantages; it is also used in cosmetic preparations. Ointments or creams containing chlorophyll are now commercially available and are claimed to be a natural treatment for herpes by assisting in the reduction of sores and in shortening the time required for the healing process.
With a high CAGR of 5.5% over the projected period, it is expected that the global Lemon Balm Extract Market would increase from US$ 1,628.1 million in 2023 to US$ 2,781.1 Million by 2033.
Country-wise Insights
How is the Lemon Balm Extract market developing in North America?
The Lemon Balm Extract market in North America is rapidly developing as demand for natural health solutions continues to increase. Recent years have seen a strong surge in consumer interest in wellness and health products which has been a driving force behind the growth of the Lemon Balm Extract market here. This industry is expected to experience steady growth over the forecast period, with many businesses investing heavily in research and development within this field of natural healthcare solutions.
Lemon balm extract can be used for multiple purposes, from treating anxiety and inflammation to digestion problems and skin conditions. As more people become aware of the benefits that it offers, manufacturers are likely to expand their presence within this sector by providing various products made using lemon balm extracts such as bath and beauty items, dietary supplements, or even food ingredients.
How is the market for Lemon Balm Extract in Europe developing?
As consumers in Europe look for more natural herbal remedies to their ailments, demand for Lemon Balm Extract has been steadily rising over recent years. With its wide range of healing properties and uses, this versatile herbal remedy has been gaining traction not just in Europe but around the world.
In Europe specifically, there has been an increasing interest in using Lemon Balm Extract as a dietary supplement and topical ointment due to its calming effect on all types of skin conditions. As such, manufacturers are responding by offering new products containing this powerful extract. This has resulted in a surge of Lemon Balm Extract products on European shelves and increased competition among suppliers as they vie for attention from consumers.
How is the market for Lemon Balm Extract expanding in Asia Pacific?
The market for Lemon Balm Extract is pushing forward in the Asia Pacific, making it one of the most promising regions for growth. This herbal supplement has been used for centuries to treat numerous ailments, from anxiety to colds and fever, but now its popularity is also due to its potential as a dietary supplement. As consumer demand rises, the market for Lemon Balm Extract is expanding rapidly within Asia Pacific countries.
The increasing awareness about the health benefits of this extract has led to a surge in sales over the past few years. Furthermore, growing consumer incomes play an important role in driving up demand as people are more willing to spend on quality supplements that can improve their overall well-being. Additionally, manufacturers are constantly innovating with new products that contain different forms of this extract such as oils or capsule pills which further increases sales revenues.
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Category Wise Insights
Which form of Lemon Balm Extract is driving its market globally?
Lemon Balm Extract is gaining popularity in the global market due to its superior health benefits. Recent studies show that the extract from this medicinal herb can help reduce stress, improve sleep quality, and reduce inflammation. As a result, an increasing number of people are turning to Lemon Balm Extract for their health needs.
The most common form of Lemon Balm Extract available on the market is dried leaf extracts and liquid extracts. Both forms have their own unique set of benefits; however, it’s been observed that liquid extract has emerged as the preferred choice among consumers worldwide. This is due to its higher potency levels and greater convenience while using it as a dietary supplement or herbal remedy. Additionally, many manufacturers offer various flavor variations such as lemon-mint or pure lemon balm which further adds to its consumer appeal.
How Lemon Balm Extract is useful in herbal preparation?
Lemon balm extract is a common ingredient in many herbal preparations. It is derived from the leaves of the lemon balm plant and has been used for centuries as a natural remedy. Today, lemon balm extract is still widely used to treat various ailments such as anxiety, insomnia, and indigestion. In addition to these benefits, it also has powerful antioxidant properties that can help protect against oxidative stress and other cell damage caused by free radicals.
There are several ways in which lemon balm extract can be used in herbal preparations. For instance, it can be added to tea or other beverages to create a calming effect or provide relief from digestive issues. It can also be incorporated into topical formulations for skin care purposes such as treating inflammation and acne. Additionally, its antiviral properties make it an effective ingredient for fighting cold and flu viruses.
Competitive Landscape
The global lemon balm extract market is experiencing significant growth due to its increasing popularity as a natural remedy for a wide array of health conditions. A variety of factors are driving the market, such as rising consumer awareness about the potential health benefits of the extract, growing demand from food and beverage manufacturers, and increased investment by major players in research and development activities. The competitive landscape of the lemon balm extract market is marked by intense competition among existing competitors as well as new entrants.
Martin Bauer GmbH & Co. KG, Nexira Inc., Jiaherb Inc., and Foodchem International Corporation are a few of the major companies competing in the worldwide lemon balm extract market.
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Lemon Balm Extract Market Report Scope
Attribute
Details
Forecast Period
2023 to 2033
Historical Data Available for
2018 to 2022
Market Analysis
USD Million for Value and Units for Volume
Key Regions Covered
North America
Latin America
Europe
Asia Pacific
Middle East & Africa (MEA)
Key Countries Covered
Philippines
India
Malaysia
Thailand
The US
Germany
China
Japan
Denmark
Canada
Mexico
Poland
The UK
Turkey
France
Italy
Spain
South Korea
Russia
Australia
Brazil
Argentina
South Africa
Key Segments Covered
Form
End-use
Region
Key Companies Profiled
Martin Bauer GmbH & Co. KG.
Foodchem International Corporation.
Nexira Inc.
Xi'an Hao-Xuan Bio-Tech Co. Ltd.
Jiaherb Inc.
Productos Quimicos Gonmisol SA.
Report Coverage
DROT Analysis, Market Forecast, Company Share Analysis, Market Dynamics and Challenges, Competitive Landscape, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
Segmentation of Lemon Balm Extract Market
Segmentation by Form:
Powder
Liquid
Cream/Paste
Capsules
Segmentation by End-use:
Additives
Herbal Preparation
Segmentation by Region:
North America
Latin America
Europe
Asia Pacific
Middle East & Africa (MEA)
Frequently Asked Questions
How big is the Lemon Balm Extract Market?
The Lemon Balm Extract market will reach nearly US$ 1,628.1 Million by 2023.
At what rate Lemon Balm Extract market is expected to grow?
The Lemon Balm Extract market is expected to rise at a CAGR of 5.5%.
Which are the major countries driving the demand for Lemon Balm Extract market?
The US, Canada, Mexico, Argentina, Brazil, Germany, the UK, France, Turkey, Italy, Russia, Spain China, Japan, India, Indonesia, South Korea, and Australia are the major countries driving the demand for Lemon Balm Extract market.
At what rate will Lemon Balm Extract market grow in China?
The China Lemon Balm Extract market will grow at 4.3% CAGR between 2023 and 2033.
At what rate will Lemon Balm Extract market grow in India?
The India Lemon Balm Extract market will grow at 5.4% CAGR between 2023 and 2033.
At what rate will Lemon Balm Extract market grow in UK?
The UK Lemon Balm Extract market will grow at 3.9% CAGR between 2023 and 2033.
Which companies dominate the market?
In the global market for lemon balm extract, some of the top players include Martin Bauer GmbH & Co. KG, Nexira Inc., Jiaherb Inc., and Foodchem International Corporation.
What is the demand outlook forecast for the Lemon Balm Extract market?
The global demand for the Lemon Balm Extract market is forecasted to surpass US$ 2,781.1 Million by the year 2033.
