Report : Europe Lemon Oil and Lemon Extracts Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Lemon Oil and Lemon Extracts), Category (Organic and Conventional), and Application (Food and Beverages, Cosmetics and Personal Care, Household Cleaning Products, Aromatherapy, and Others).
At 4.4% CAGR, the Europe Lemon Oil and Lemon Extracts Market is speculated to be worth US$ 498.85 million by 2028, says The Business Market Insights
According to the Business Market Insights’ research, the Europe lemon oil and lemon extracts market was valued at US$ 385.77 million in 2022 and is expected to reach US$ 498.85 million by 2028, registering a CAGR of 4.4% from 2022 to 2028. Benefits of lemon oil and lemon extracts in skin care products and rise in demand for natural ingredients are the critical factors attributed to the Europe lemon oil and lemon extracts market expansion.
Nowadays, people are seeking products that help them look youthful and fresh. People are willing to spend a lot of money on skin care products that make their skin healthy-looking and radiant. Due to the increasing pressure to look good in an image-focused society, people are spending more time online researching the best products for their skin type. All these factors are driving the skin care industry. Lemon oil and lemon extracts are increasingly being used in skin care products owing to their antimicrobial and antifungal properties. Lemon oil is known to nourish damaged skin, making it soft and radiant. Moreover, lemon oil and extracts help control excess oil and sebum production, which stops the growth of acne-causing bacteria. Further, lemons have natural bleaching agents that renew the complexion’s radiance, making the skin glow. Manufacturers of skin care products such as moisturizers, face masks, antiaging creams and lotions, depigmentation creams, and gels are incorporating lemon oil and extracts in their products. Lemon and Beaker Limited is one such company that offers vitamin C serum made with lemon essential oil extracted from lemon peels that helps lighten and uplift the skin. Thus, the benefits of lemon oil and lemon extracts in skin care products are significantly driving the Europe lemon oil and lemon extracts market.
On the contrary, fluctuating raw material prices hurdles the growth of Europe lemon oil and lemon extracts market
Based on type, the Europe lemon oil and lemon extracts market is segmented into lemon oil and lemon extracts. The lemon oil segment held 62.8% market share in 2022, amassing US$ 242.38 million. It is projected to garner US$ 309.44 million by 2028 to expand at 4.2% CAGR during 2022–2028.
Based on category, the Europe lemon oil and lemon extracts market is segmented into organic and conventional. The conventional segment held 81.6% market share in 2022, amassing US$ 314.91 million. It is projected to garner US$ 399.85 million by 2028 to expand at 4.1% CAGR during 2022–2028.
Based on application, the Europe lemon oil and lemon extracts market is segmented into food and beverages, cosmetics and personal care, household cleaning products, aromatherapy, and others. The food and beverages segment held 51.8% market share in 2022, amassing US$ 199.87 million. It is projected to garner US$ 252.75 million by 2028 to expand at 4.0%CAGR during 2022–2028.
Based on country, the Europe lemon oil and lemon extracts market has been categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Rest of Europe captured 41.9% market share in 2022. It was assessed at US$ 161.60 million in 2022 and is likely to hit US$ 204.28 million by 2028, exhibiting a CAGR of 4.0% during the forecast period.
Key players dominating the Europe lemon oil and lemon extracts market are Citromax Group Inc, Denk Ingredients GmbH, Dohler GmbH, Jedwards International Inc, Kerry Group Plc, Lemonconcentrate SLU, and Royal Aroma Fragrances Inc among others.
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