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Lemongrass Oil Market Trends, Growth, Share, Size and Forecast 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Lemongrass Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global lemongrass oil market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the lemongrass oil market?

Report Attributes Details
Market Size in 2022 US$ 44.65 Million
Market Forecast in 2028 US$ 73.77 Million
Growth rate (2023 to 2028) CAGR of 8.5%
Base Year of the Analysis 2022
Forecast Period 2023-2028

What is lemongrass oil?

Lemongrass oil represents an essential oil extracted from the stems and leaves of the lemongrass plant (Cymbopogon citratus), which is native to tropical regions of  Africa, Asia, and South America. It is available in two product categories, including pure and blend. These lemongrass oil formulations are obtained through a steam distillation process, which separates the volatile oils from the plant material and produces a clear, yellow, or amber-colored liquid. They have a strong, citrusy aroma and are commonly used in aromatherapy and perfumes and as a flavoring agent in foods and drinks. Lemongrass oil products are rich in various bioactive compounds, such as limonene, citral, and geraniol, which provide multiple therapeutic benefits. Consequently, they find extensive applications across several sectors, including food and beverage (F&B), personal care, cosmetics, pharmaceutical, etc.

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What are the growth prospects and trends in the lemongrass oil?

The growing awareness about the anti-inflammatory, anti-fungal, analgesic, and antimicrobial properties of the oil variant and the increasing usage of the product in the pharmaceutical segment and home remedies to boost immunity, alleviate digestive problems, reduce high fevers and body aches are primarily driving the lemongrass oil market. Moreover, the shifting consumer preferences toward natural and organic personal care and cosmetics products, owing to the escalating concerns regarding the harmful effects of synthetic additives, are acting as significant growth-inducing factors. Besides this, the expanding utilization of the oil to repel mosquitoes, flies, and insects and for preparing numerous food items, such as drinks, sauces, marinades, etc., are also positively influencing the global market. Additionally, the elevating need for the product in aromatherapy to promote relaxation, relieve stress, anxiety, and depression, and enhance mood and mental clarity is expected to bolster the lemongrass oil market over the forecasted period.

What is included in market segmentation?

The report has segmented the market into the following categories:

Type Insights:

  • Pure Oil
  • Blend

Grade Insights:

  • Therapeutic Grade
  • Food Grade

Application Insights:

  • Food and Beverages
  • Fragrances, Personal Care and Aromatherapy
  • Pharmaceuticals and Medicinal Formulations

Breakup by Geography:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

Who are the key players operating in the industry?

The report covers the major market players including:

  • ArtNaturals Essential Oils
  • Aura Cacia (Frontier Natural Products Co-op)
  • Doterra International LLC
  • Edens Garden Inc.
  • Fabulous Frannie Essential Oils
  • Healing Solutions LLC
  • Mountain Rose Inc
  • NOW Foods
  • Plant Guru Inc
  • Plant Therapy Essential Oils
  • The Lebermuth Company Inc
  • Ultra International B.V
  • Young Living Essential Oils

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