Lemongrass Oil Market

Global Lemongrass Oil Market Size, Share & Trends Analysis Report By Type, By Application (Fragrances, Personal Care & Aromatherapy, Food & Beverages, Pharmaceuticals & Medicinal Formulations, and Others), By Regional Outlook and Forecast, 2024 - 2031

Report Id: KBV-23461 Publication Date: July-2024 Number of Pages: 234
2023
USD 45.5 Million
2031
USD 90.8 Million
CAGR
9.2%
Historical Data
2020 to 2022

Market Report Description

The Global Lemongrass Oil Market size is expected to reach $90.8 million by 2031, rising at a market growth of 9.2% CAGR during the forecast period. In the year 2023, the market attained a volume of 138.02 tonnes experiencing a growth of 21.4% (2020-2023).

There is a significant trend towards health and wellness in North America. Consumers increasingly seek natural and organic products, including essential oils like lemongrass oil, to support their health and well-being. Consequently, the North American region would acquire nearly 30% of the total market share by 2031. Also, the US market would register 35.40 tonnes of pure oil consumption by 2031.

Lemongrass Oil Market Size - Global Opportunities and Trends Analysis Report 2020-2031

The possible health concerns associated with synthetic chemicals and additives in traditional items are becoming more well-known to consumers. Furthermore, increasing awareness of environmental issues, such as pollution, climate change, and habitat degradation, has led consumers to seek products that are produced sustainably and have a lower environmental impact. Hence, increasing demand for natural and organic products drives the market's growth. Additionally, There's a shift towards holistic approaches to health and well-being, with consumers seeking natural remedies to complement conventional medical treatments. Additionally, essential oils like lemongrass oil are known for their mood-enhancing effects and ability to uplift spirits. In conclusion, rising awareness of aromatherapy is propelling the market's growth.

However, Seasonal changes influence lemongrass cultivation in temperature, rainfall, and daylight hours. The growth and development of lemongrass plants are most favorable during specific seasons, typically warm and wet in tropical and subtropical regions. In addition, seasonal variations in supply can result in price volatility for lemongrass oil products. Thus, seasonal variability in availability is hampering the growth of the market.

Driving and Restraining Factors
Lemongrass Oil Market
  • Increasing demand for natural and organic products
  • Rising awareness of aromatherapy
  • Expansion of the food and beverage and nutraceutical industry
  • Seasonal variability in availability
  • Limited geographic availability
  • Expansion of the personal care industry
  • Increasing government regulations and supportive policies
  • Competition from synthetic alternatives
  • Quality control and standardization challenges

Type Outlook

Based on type, the lemongrass oil market is divided into pure oil and blend. The blend segment attained 36% revenue share in the lemongrass oil market in 2023. In terms of Volume, the blend segment registered 54.01 tonnes in 2023. Blending lemongrass oil with other essential oils can enhance its benefits. For example, combining it with oils like lavender or eucalyptus can create synergistic effects, improving overall therapeutic outcomes and broadening the range of uses.

Lemongrass Oil Market Share and Industry Analysis Report 2023

Application Outlook

By application, the lemongrass oil market is segmented into food & beverages, fragrances, personal care & aromatherapy, pharmaceutical & medicinal formulation, and others. The pharmaceutical & medicinal formulation segment procured 23% revenue share in the lemongrass oil market in 2023. Lemongrass oil has strong antimicrobial and antifungal properties, making it effective against various pathogens. This makes it a valuable ingredient in medicinal formulations to treat infections and prevent microbial growth.

Free Valuable Insights: Global Lemongrass Oil Market size to reach USD 90.8 Million by 2031

Regional Outlook

Region-wise, the lemongrass oil market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe region witnessed the 38% share in the lemongrass oil market in 2023. Europe has a well-developed market for aromatherapy and essential oils. Lemongrass oil is popular in this market due to its pleasant citrus scent and therapeutic properties, including stress relief, pain reduction, and antibacterial effects.

Lemongrass Oil Market Report Coverage
Report Attribute Details
Market size value in 2023 USD 45.5 Million
Market size forecast in 2031 USD 90.8 Million
Base Year 2023
Historical Period 2020 to 2022
Forecast Period 2024 to 2031
Revenue Growth Rate CAGR of 9.2% from 2024 to 2031
Quantitative Data Volume in Tonnes, Revenue in USD Million, and CAGR from 2020 to 2031
Number of Pages 234
Tables 510
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Type, Application, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included The Lebermuth Co., Ltd., doTERRA International LLC, Young Living Essential Oils LLC, Aura Cacia (Frontier Co-op), Edens Garden Essentials Corporation, Mountain Rose Herbs, Ultra International B.V., Plant Therapy Essential Oils, NOW Health Group, Inc. and Phoenix Aromas & Essential Oils, LLC
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List of Key Companies Profiled

  • The Lebermuth Co., Ltd.
  • doTERRA International LLC
  • Young Living Essential Oils LLC
  • Aura Cacia (Frontier Co-op)
  • Edens Garden Essentials Corporation
  • Mountain Rose Herbs
  • Ultra International B.V.
  • Plant Therapy Essential Oils
  • NOW Health Group, Inc.
  • Phoenix Aromas & Essential Oils, LLC

Lemongrass Oil Market Report Segmentation

By Type (Volume, Tonnes, USD Million, 2020-2031)

  • Pure Oil
  • Blend

By Application (Volume, Tonnes, USD Million, 2020-2031)

  • Fragrances, Personal Care & Aromatherapy
  • Food & Beverages
  • Pharmaceuticals & Medicinal Formulations
  • Others

By Geography (Volume, Tonnes, USD Million, 2020-2031)

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA
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