Lemon Eucalyptus Oil Market: Overview
The size of the global market for lemon eucalyptus oil was estimated at USD 642.5 million in 2021 and is anticipated to increase at a CAGR of 4.5%. The expansion is predicted to be driven by an increase in consumer demand for natural goods to improve the nutritional content of food and beverages. The product's widespread accessibility and ease of availability are expected to significantly increase demand. Growing consumer knowledge of the advantages of citrus oils and expanding application is anticipated to drive market expansion. The demand for flavors and fragrances made using essential oils is expected to increase as the food and beverage sectors expand and consumer disposable income rises, among other things. These scents provide stimulation in massages, aromatherapy, and other relaxing therapies.
It is predicted that factors like changing consumer lifestyles, rising leisure and relaxation spending, and an increase in the number of spas and massage facilities, particularly in developing regions like the Asia Pacific, the Middle East, and Africa, will be the main drivers of the demand for lime oils. Globally, 23% of men and 46% of women who went to spas in 2021 had massages. With its ability to prevent hair loss, skin aging, and muscle weakening, lime oil will continue to be utilized in anti-aging cosmetic items. According to recent statistics, millennial women (aged 18 to 34) are the top users of beauty products in the $13 billion cosmetics industry (market size excludes skin care and hair care products).
However, in recent years, the product's rising use in several industries, including pharmaceuticals, cosmetics, and personal care, is projected to increase product sales. Traditionally, this oil is widely used in food and drinks, aromatherapy, and other related fields. For instance, EO, a company that makes ethereal oil-infused hand sanitizer, stated in August 2020 that it had partnered with Alaska Airlines to offer passengers ethereal oil-infused hand sanitizing wipes to make them feel more at ease and comfortable.
Lemon Eucalyptus Oil Market: COVID-19 Impact
The COVID-19 pandemic has been advantageous for the global lemon eucalyptus economy. There have been claims of an enormous rise in demand for essential oils because they are said to improve immunity and health. Industry experts advise incorporating ethereal oil into daily living to boost immunity and achieve a healthy attitude during the hectic pandemic crisis. The epidemic has increased awareness of the need to strengthen the immune system worldwide. In addition to a wholesome diet and regular exercise, aromatherapy and a calm and healthy mind can boost immunity. This is consistent with the growing acceptance of organic products and holistic health treatment. During this pandemic, there is a greater demand for goods with the potential for aromatherapy and antibacterial and antiviral properties, such as tea tree oil, peppermint oil, and eucalyptus oil.
Lemon Eucalyptus Oil Market: Drivers
Use of Lemon Essential Oil in Aromatherapy is Growing, Propelling Market’s Growth
Aromatherapy uses fragrant essential oils to heal various minor physical ailments and promote rest, renewal, and sharp concentration. The scent of pure, organic, and concentrated oils is thought to have numerous revitalizing effects on the body by practitioners of this therapy. Numerous applications for lemon essential oil exist, including inhalation, massages, bathing, showering, and perfumery. With the growing preference for safe, practical, and all-natural alternatives to conventional allopathic treatments, therapeutic and aromatic oils like lemon essential oil is in higher demand globally. As a result, the market for lemon essential oils has seen an increase in revenue, and this shift in customer preference for aromatherapy is a key factor in the market's expansion. The pricing of lemon essential oil, compared to all other goods in which it is a constituent, is another benefit.
Use of Lemon Essential Oil as an Alternative to Antibiotics in Animal Feed to Drive Market’s Growth
Most farm animals now have antibiotic resistance due to the overuse of antibiotics in livestock health care and growth promotion. The consumption of farm animal flesh increases the spread of antibiotic resistance in humans. Since antibiotic resistance is viewed as a serious hazard to humans worldwide, high meat consumption has increased this issue. Alternatives to antibiotics used in animal feed include oils made from citrus peels, such as lemon essential oil. Since it can encourage animal growth and aid in illness prevention, the lemon essential oil is anticipated to be a great antibiotic substitute. As a result, during the projection period, there should be more prospects for lemon essential oil in the animal feed sector.
Lemon Eucalyptus Oil Market: Restraints
Growth Of Market Would be Hampered by Increased Pesticide Use and Its Associated Side Effects
In response to rising consumer demand for natural products free of hazardous chemicals, there is an increasing focus on the place of origin and fruit farming methods. This issue is made much more pressing by the exposure of citrus fruit peels, which are the primary source of oils, to pesticide or fertilizer sprays. Chemical use is not just limited to on-farm agriculture; synthetic chemicals like pesticides and fungicides are sprayed on fruit shipments to extend the shelf life of the fruits and prevent spoilage. The strong preference of many consumers for clean-label products and their opposition to the use of chemicals in manufacturing presents a serious disadvantage.
Lemon Eucalyptus Oil Market: Segment Overview
With Its Various Benefits, Lemon Eucalyptus Oil is Widely Used in Therapeutic Processes
Lemon eucalyptus oil is used to alleviate muscle spasms, toenail fungus (onychomycosis), osteoarthritis, and other joint problems, in addition to avoiding mosquito and deer tick attacks. The oils have been found to effectively promote performance, speeding up a brain that has been originally slowed down by weariness. They have also been employed as mind-soothing agents that aid in adjusting balance in the body. However, there is no clinical evidence for fungal toenails (onychomycosis). Applying lemon eucalyptus oil directly to the afflicted area, together with camphor and menthol, may help treat toenail fungus, according to emerging research. Some people report that the daily application can cure fungal nail infections of chest rub products containing lemon eucalyptus, such as Vicks VapoRub, to the affected toenails until the infected nail grows out.
Lemon Eucalyptus Oil is Increasing Used in Insect Repellant as it Provides Better Efficiency than DEET
Some commercial insect repellents contain lemon eucalyptus oil as a component. It appears to be comparable in effectiveness to other mosquito repellents, including certain DEET-containing treatments. Lemon eucalyptus oil does provide protection. However, it doesn't seem to persist as long as DEET. Lemon eucalyptus essential oil is not advised for use as a mosquito repellent, according to the Centers for Disease Control and Prevention (CDC). This is because it hasn't undergone as many safety and efficacy tests as OLE and PMD. The citronellal concentration of lemon eucalyptus essential oil can be decreased while the PMD content is increased by processing and purifying the oil. To mimic the natural conversion that takes place in the leaves of the lemon eucalyptus tree, the method entails turning some citronellal into PMD. This refined oil is frequently referred to as "oil of lemon eucalyptus" since it contains at least 64% PMD (OLE).
Lemon Eucalyptus Oil Market: Regional Landscape
North America Acquire Major Share due to Increased Regional Use of Cosmetic Products
North America is predicted to account for a significant percentage of the revenue generated by the lemon eucalyptus oil market globally due to the region's strong consumer awareness and accessibility to a wide variety of international goods. This is primarily because lemon eucalyptus oil is increasingly being used in the food and beverage industry as well as in the personal care and cosmetics industries in countries like the United States and Canada, which is expected to drive the growth of the North American lemon eucalyptus oil market in the upcoming years. With the growing demand for natural components in cosmetics, food, and beverage products, the United States is one of the top importers of goods in the entire globe. In 2020, Americans spent an average of 199 dollars a year on cosmetics, fragrances, and bath items. The nation's consumer spending on cosmetics is anticipated to increase, which will aid in the development of the local market.
The Asia Pacific market is predicted to enjoy the largest compounded annual revenue growth in the worldwide lemon eucalyptus oil market due to the significant demand from the food and cosmetic industries. With the growth of spa and massage enterprises, regional demand is anticipated over the projected period. With the rising demand for lime oil in medicinal applications and the greatest production of lemon eucalyptus oil in APAC nations like China and India, the market for lime oil is anticipated to expand. Less than 3.72 million tonnes of lemons and limes were produced in India in 2020. 2.6 million tonnes of lemons and limes will be produced in China in contrast to 2020.
Global Lemon Eucalyptus Oil Market: Competitive Landscape
In April 2021, Spectrum Brands Holdings, Inc., a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, announced today the acquisition of For Life Products, LLC ("Rejuvenate"), a leading manufacturer in the household cleaning, maintenance, and restoration segment. In November 2020, Sensient Technologies Corporation (Milwaukee, Wisconsin, USA) agreed to acquire Symrise AG's fragrance and aroma chemicals operations. Scent molecules and perfumes derived from natural and renewable sources are featured.
Few of the players in the Lemon Eucalyptus Oil Market include Spectrum Brands, Edens Garden, Sun Organic, Plant Therapy, Fillmore Container, Inc., Xi'an Lyphar Biotech Co., Ltd., Tropical Enterprises, Alfa Chemical Corp., REPEL, and Guangzhou Bring Beauty Cosmetic Co Ltd.
Regional Classification of the Global Lemon Eucalyptus Oil Market is Described Below:
Middle East and Africa
*Regions and countries are subject to change based on data availability
Key Elements Included In The Study: Global Lemon Eucalyptus Oil Market
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