NEW
YORK, Aug. 6, 2024 /PRNewswire/ -- The
global lime oil market size is estimated to grow by
USD 370.2 million from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 10.03% during the forecast period. Rising use of lime oil in
different sectors is driving market growth, with a trend towards
increasing prominence of private-label brands. However,
distribution challenges poses a challenge. Key market players
include Aromaaz International, CIFAL HERBAL Pvt. Ltd., CITRICOS
VEGA HERMANOS S.A. DE C.V.,
Citrojugo, Citrolim S.A. De C.V., doTERRA International LLC,
Givaudan SA, GRUPO TECNAAL, Inovia International Ltd., Lionel
Hitchen Ltd., Natures Natural India, Penny Price Aromatherapy Ltd.,
Phoenix Aromas and Essential Oils LLC, Plant Therapy, SpringThyme
Oils Ltd., Statfold Seed Oils LTD., The Lebermuth Co. Inc., Ultra
International Ltd., VedaOils, and Young Living Essential Oils
LC.
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Lime Oil Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
10.03%
|
Market growth
2024-2028
|
USD 370.2
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
8.87
|
Regional
analysis
|
Europe, North America,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
Europe at
39%
|
Key
countries
|
US, UK, China, Germany,
and Japan
|
Key companies
profiled
|
Aromaaz International,
CIFAL HERBAL Pvt. Ltd., CITRICOS VEGA HERMANOS S.A. DE C.V.,
Citrojugo, Citrolim S.A. De C.V., doTERRA International LLC,
Givaudan SA, GRUPO TECNAAL, Inovia International Ltd., Lionel
Hitchen Ltd., Natures Natural India, Penny Price Aromatherapy Ltd.,
Phoenix Aromas and Essential Oils LLC, Plant Therapy, SpringThyme
Oils Ltd., Statfold Seed Oils LTD., The Lebermuth Co. Inc., Ultra
International Ltd., VedaOils, and Young Living Essential Oils
LC
|
Market Driver
Retailers worldwide are expanding their private-label offerings,
particularly in the organic edible oils segment, which includes
lime oil. Major retailers, such as Alibaba, are entering this
market by introducing their brands, capitalizing on the rising
consumer preference for organic products. Private-label products
are cost-effective alternatives to branded ones, making them
popular among price-sensitive consumers. Supermarkets are
increasing their shelf space for private-label brands and
implementing marketing strategies to boost sales. The growth of the
private-label market is expected to continue, driving the demand
for lime oil and other organic edible oils.
The Lime Oil Market is experiencing significant growth due to
increasing consumer interest in natural essential oils for various
applications. Organic food and aromatherapy sectors are key
drivers, with lime oil's therapeutic properties in demand for
health and wellness products. Lime oil's antiseptic properties make
it popular in healthcare, food, and oral care products. In
cosmetics, it's used in antiaging creams, soaps, and toiletries.
The market includes both processed food and beverage industries and
artisanal soapmaking. Lime oil's siblings, like other citrus
essential oils, are also in demand. The market consists of
manufacturers and suppliers, with B2B and B2C distribution
channels. Adulterated lime oil is a concern, with purified lime oil
becoming a preferred choice. Consumers purchase lime oil-based
products via e-commerce and online retail. The market is segmented
into conventional source and distilled form segments, catering to
various industries like restaurants, hospitality establishments,
and beauty products.
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Market Challenges
- Retail stores, including supermarkets, hypermarkets, discount,
and convenience stores, have emerged as significant distribution
channels for lime oil manufacturers and vendors. However, this
arrangement presents several challenges for manufacturers. Firstly,
retailers operate on lower profit margins, putting pressure on
manufacturers to maintain competitive prices and margins. Secondly,
retailers demand innovative merchandising solutions, such as
movable shelves, to minimize their replenishment costs. Thirdly,
retailers aim to avoid inventory gaps by sourcing from alternative
vendors if suppliers fail to meet their demand. Lastly, consumers'
shifting preferences towards convenience stores necessitate
manufacturers' expertise in category management to strike a balance
between price and volume.
- Lime oil is a valuable commodity in various industries,
including food and beverage, hospitality, beauty products, and
e-commerce. Producers face challenges in meeting the high demand
for this citrus essential oil derived from the Rutaceae plant. The
market is segmented into conventional source and distilled form.
B2B distribution dominates, supplying lime oil to restaurants,
businesses, and food processing industries for their antiseptic,
antiviral, astringent, and antibacterial properties. B2C
distribution, through retailers and online platforms, caters to
consumers seeking lime oil-based products for medicinal uses, such
as febrile conditions, blood coagulation, and wound healing.
Additionally, lime oil finds applications in cosmetics for
antiaging, hair loss, and skin ageing. In the food industry, it's
used as a flavoring agent, while in the medical field, it's used
for disinfection and inflammatory skin problems like acne and
arthritis. Lime oil is also found in everyday items like toothpaste
and mouthwash. Despite its numerous benefits, challenges remain in
ensuring consistent quality and sustainable sourcing.
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Segment Overview
This lime oil market report extensively covers market
segmentation by
- Application
- 1.1 Food and beverage
- 1.2 Personal care
- 1.3 Others
- Geography
- 2.1 Europe
- 2.2 North America
- 2.3 APAC
- 2.4 South America
- 2.5 Middle East and
Africa
1.1 Food and beverage- Lime essential oils are
100% pure and natural, making them safe for consumption. Unlike
dried herbs, lime oil retains its nutritional properties, leading
to its increasing use in food and beverages. The market growth is
driven by the rising demand for natural and organic products due to
health concerns. The beverage segment is a significant market for
lime oil due to the increasing popularity of naturally flavored
beverages. The market is expected to grow significantly due to
consumer preferences for natural products and unique flavors.
Advancements in food processing technologies and efficient supply
chain management are also contributing factors. However, the high
cost of natural lime oil compared to synthetic and inorganic
alternatives may hinder market growth. Despite this, the market is
anticipated to exhibit continual growth due to increasing awareness
of the health benefits of lime oil and the global trend towards
natural ingredients in food and beverages.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
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reports
The global essential oil market is experiencing significant
growth, driven by rising consumer interest in natural products. The
global avocado oil market is projected to expand due to its
increasing application in the food and cosmetics industries.
Similarly, the global citrus oils market is thriving, fueled by
demand in the flavor and fragrance sectors. These markets are
characterized by a surge in health-conscious consumers and
advancements in extraction technologies, promising robust future
growth and diverse opportunities for industry players.
Research Analysis
The Lime Oil Market is experiencing significant growth due to
the increasing consumer preference for natural essential oils in
various sectors. Lime oil, derived from the peels of lime fruits,
is widely used in the food industry for adding flavors to processed
food and beverages. In the health and wellness sector, lime oil is
popular in aromatherapy and therapeutics for its antiseptic
properties, which help in treating infections and aging symptoms.
The organic food industry is also a major consumer base for lime
oil due to its natural and health benefits. The market for lime
oil-based products is expanding in cosmetics, fragrances, and B2C
distribution through e-commerce and online retail. The market can
be segmented into conventional source and distilled form segments,
with the distilled form segment holding a larger market share. Lime
oil is also used extensively in restaurants and hospitality
establishments for its refreshing aroma and taste.
Market Research Overview
The Lime Oil Market encompasses a wide range of applications,
primarily in the realms of consumer goods and therapeutics. Lime
oil, derived from the rutaceae plant, is a natural essential oil
prized for its refreshing citrus scent and various health benefits.
It finds extensive use in organic food, natural essential oils,
aromatherapy, and therapeutics. Lime oil is known for its
antiseptic, antiviral, astringent, aperitif, bactericidal,
disinfectant, febrifuge, haemostatic, restorative, tonic, and
antibacterial properties. In food and beverage, lime oil is used
for flavor blending in various dishes, especially in the
hospitality industry and restaurants. In the healthcare sector, it
is used in medicinal applications, including wound healing, blood
coagulation, and infections. In cosmetics and personal care, lime
oil is used in antiaging creams, soaps, toiletries, and mosquito
repellents. The Lime Oil Market includes manufacturers and
suppliers, with distribution channels ranging from B2B to B2C,
including retailers, e-commerce, and online retail. The market
consists of both conventional and distilled forms of lime oil, with
the latter being purified and adulteration-free. The market also
includes lime oil-based products, such as citrus essential oils,
used in food processing, oral care products, and various
therapeutic applications. Lime oil is also used in aromatherapy for
its calming and refreshing properties, and in perfumes and
fragrances for its appealing citrus scent. It is used in the
production of palmitic acid, and in the treatment of skin problems,
including aging symptoms, weight management, and inflammatory
conditions such as acne and arthritis. In summary, the Lime Oil
Market is a diverse and growing industry, with applications ranging
from food and beverage to healthcare, cosmetics, and therapeutics.
Its natural properties and versatility make it a valuable commodity
for manufacturers, suppliers, and consumers alike.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Food And Beverage
- Personal Care
- Others
- Geography
-
- Europe
- North America
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
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and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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