Lemongrass Oil Market

Lemongrass Oil Market Outlook

According to the research of Future Market Insights, the market for Lemongrass Oil is anticipated to expand at a CAGR of 5.6% over the forecasted time period. According to projections, the industry would be worth US$ 72.9 Mn by 2032, up from US$ 42.3 Mn in 2022. At the end of 2021, the Lemongrass Oil Market was valued at US$ 40.2 Mn.

Lemongrass Oil is extracted from the stems of the lemongrass (Cymbopogon) herb. Although lemongrass trees and shrubs are mostly grown in Asia and cannot be obtained fresh year-round, Lemongrass Oil, extracts, and dehydrated forms are now often used.

Lemongrass Oil, which is utilised by culinary artists because of its pleasant and fresh aroma, is one of the world's best-selling oils, according to discovery health. Traditional remedies for a variety of health conditions, including digestive disturbances, behavioural issues, circulatory troubles, etc., include the use of lemongrass components as well as its oil.

Historical Outlook versus Future Projections for Lemongrass Oil Market

The Global Market for Lemongrass Oil increased from US$ 31.2 Mn to US$ 40.2 Mn between 2016 and 2021 with a CAGR of 5.2%.

Lemongrass Oil is becoming more and more popular in the global markets as a result of its many medical, skin-care, and wellness benefits. The demand for Lemongrass Oil is rising due to its growing use in aromatherapy. Another factor driving the market for Lemongrass Oil is the rising customer demand for natural oil-based personal care products.

Additionally, the demand for Lemongrass Oil in pharmaceutical and medical applications is expected to be driven by its numerous health advantages associated to essential oils. In addition, the product has no negative side effects, which will aid in its future market penetration. Another significant market driver is the growing use of culinary dishes in the food and beverage industry.

During the forecast period, the global Lemongrass Oil Market is anticipated to grow from US$ 42.3 Mn in 2022 to US$ 72.9 Mn by 2032 with a healthy CAGR of 5.6%.

Country-wise Insights

Which region leads in of Lemongrass Oil Market?

Leading regional markets for Lemongrass Oil imports are Latin America and Europe. However, as the origin location of Lemongrass Oil, Asia Pacific is the biggest exporting market for Lemongrass Oil, with India and China being key producing markets. Markets in the Asia-Pacific and Europe are anticipated to grow more rapidly throughout the projection period.

In many delightful dishes in Asian nations including Thailand, Malaysia, Cambodia, Vietnam, and Indonesia, Lemongrass Oil is a common component. Lemongrass Oil is becoming more and more common in Asian cuisines due to market demand. Lemongrass Oil is becoming popular among health-conscious Latin American customers, fuelling market expansion in the region.

How is the U.S Lemongrass Oil Market Shaping?

US accounted for 30% of the global market with a value of US$ 4.6 Bn in 2022. The U.S. Lemongrass Oil market is expected to continue growing in the coming years, due to the increasing popularity of essential oils and the rising demand for natural health products.

How is India performing in the Lemongrass Oil market?

The India Lemongrass Oil Market will grow at 5.7% CAGR during the forecast period of 2022 to 2032. In India, Lemongrass Oil is used extensively in Ayurvedic medicine and has a host of benefits. The oil is also used in aromatherapy and has a refreshing, citrusy scent. Lemongrass Oil is extracted from the lemongrass plant which is native to India.

Nandini Roy Choudhury

Principal Consultant

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Category-wise Insights

How is Lemongrass Oil used in personal care and cosmetics products?

Lemongrass Oil is used in a variety of personal care and cosmetics products. Its fresh, citrusy aroma is known to boost energy and mood, while its antimicrobial properties make it a popular choice for cleansing products.

Lemongrass Oil can be found in shampoos, conditioners, soaps, lotions, and other hair and skin care products. It is also used in some massage oils and aromatherapy products. When used in moderation, Lemongrass Oil is safe for most people. However, those with sensitive skin or allergies may want to avoid using products that contain it.

What are the benefits of Therapeutic Grade Lemongrass Oil?

Lemongrass Oil has a host of benefits that make it a popular choice for those looking for an alternative to traditional medicine. For centuries, lemongrass has been used in Asian cultures for its medicinal properties. Today, Lemongrass Oil is gaining popularity in the Western world as more people are looking for natural ways to treat their ailments.

So, what makes therapeutic grade Lemongrass Oil so beneficial? Here are just a few of the ways this essential oil can improve your health:

• Lemongrass Oil can help relieve pain and inflammation.
• It can be used as an antibacterial agent to fight infections.
• Lemongrass Oil can help improve circulation and digestion.

How can Lemongrass Oil be used for multiple purposes?

Lemongrass Oil is an essential oil that’s extracted from the Lemongrass plant. It has a fresh, citrusy smell and is used in many different cuisines. Lemongrass Oil is also said to have health benefits, such as helping to improve digestion and relieve stress. If you’re looking for an essential oil that can be used in both cooking and for its health benefits, Lemongrass Oil is a good choice.

Competitive Landscape

The main barrier to entry in the Lemongrass Oil market is the capital investment required to set up a production facility. However, once a producer is established, they can expect to see good profits due to the high demand for Lemongrass Oil.

The thorough evaluation of the report provides the growth potential, upcoming trends and statistics of the Global Lemongrass Oil Market size and what it predicts for the future. The report also analyses the market trend drivers and challenges and the competitive evaluation of the existing market.

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Lemongrass Oil Market Report Scope

Lemongrass Oil Market by Category

By Application, Lemongrass Oil is segmented as:

• Food and Beverages
• Pharmaceutical
• Cosmetics and Personal Care

By Grade, Lemongrass Oil is segmented as:

• Therapeutic Grade
• Food Grade

By Region, Lemongrass Oil is segmented as:

• North America
• Latin America
• Eastern Europe
• Western Europe
• APEJ
• Japan
• MEA