Lemongrass Oil Market Future Growth, Projection & Industry Forecast 2028

Lemongrass Oil Market Analysis by Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2028 is latest study published by Fortune Business Insights™.The global lemongrass oil market size was USD 38.02 million in 2023. The market is projected to grow from USD 41.98 million in 2023 to USD 81.43 million in 2028 at a CAGR of 9.93% in 2023-2028.

The latest research on the Lemongrass Oil Market provides a overview for the forecast year 2023-2028. It gives a comprehensive picture of the global industry trends, market dynamics, competitive landscape, and market analysis tools such as Porter’s five forces analysis, Industry Value chain analysis, and PESTEL analysis which help to understand the market direction and movement in the current and upcoming years. The report is designed to help readers find information and make decisions that will help them grow their businesses. The study is written with a specific goal in mind to give business insights and consultancy to help customers make smart business decisions and achieve long-term success in their particular market areas.

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Global Lemongrass Oil Market Highlights:

Lemongrass Oil Market Size, Share & COVID-19 Impact Analysis, By Type (Pure Oil and Blend), Application (Food & Beverages, Fragrances, Personal Care & Aromatherapy, Pharmaceuticals and Medicinal Formulations, and Others), and Regional Forecast, 2023-2028

Major Lemongrass Oil Market Manufacturers covered in the market report include:

  • The Lebermuth Company (Indiana, U.S.)
  • doTERRA (Utah, U.S.)
  • Young Living Essential Oils (Utah, U.S.)
  • Aura Cacia (Lowa, U.S.)
  • Edens Garden Inc. (California, U.S.)
  • Mountain Rose Herbs (Oregon, U.S.)
  • NOW Health Group, Inc. (Illinois, U.S.)
  • Phoenix Aromas & Essential Oils LLC (New Jersey, U.S.)
  • Ultra International B.V. (Netherlands, Europe)
  • Plant Therapy Essential Oils (Idaho, U.S.)

The report for Global Lemongrass Oil Market of Fortune Business Insights™ covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. Moreover, report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, CAGR, gross margin, revenue, price, production growth rate, volume, value, market share, and year-over-year growth are among the Lemongrass Oil Market data assessed and re-validation in the research report. The market within the market research report reveal a comprehensive analysis of the key factors driving the market growth, shaping consumer behavior, and influencing the competitive landscape. The report provides an in-depth understanding of the market’s size, trends, and potential opportunities, enabling businesses to make informed decisions. Additionally, it explores the impact of macroeconomic factors, including GDP growth, inflation rates, and exchange rates, on the market dynamics. These factors not only affect the purchasing power of consumers but also influence the overall market demand.

Growth Drivers:

The rising focus on research and development of economical oil extraction methods is anticipated to impact market growth positively. For instance, in December 2018, students from TU Delft and Amrita conducted a field survey in Kerala, India, to identify locally available resources containing renewable energy sources to design and build a sustainable and low-cost oil distillation unit. The team developed a solar thermal-based steam distillation unit to distill oil from the lemongrass plant. This new solar-powered steam distillation unit will help villagers extract oil without a huge investment in equipment set-up.

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Lemongrass Oil Market Regional Analysis:

Moreover, This report focuses on Lemongrass Oil Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2028, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.

Global Lemongrass Oil Market Splits Into the Following Region:

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa

Highlights of the Report:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Supply Chain Analytics market.

Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market

Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Supply Chain Analytics market

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Few Key Reasons to purchase a market research report :

  1. Strategic decision-making
  2. Market understanding
  3. Competitive analysis
  4. Risk assessment and mitigation
  5. Investment evaluation
  6. Business plannin
  7. Industry knowledge and expertise

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