Global Lime Oil Market was valued US$ XX Bn in 2019 and is expected to grow US$ XX Bn by 2027, at a CAGR of 4.5% during the forecast period.
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Lime oil is gained through squeezing lime, after which the crude oil is refined and filtered to produce oil with a fatty acid, which is necessary for the human body. The oil contains palmitic acid, which is very stable. Also, it has beneficial properties including preventing aging marks, acts as an antiseptic, fights infections, and helps to decrease weight.
Global Lime Oil Market Dynamics
The change in customer concentration on organic products is one of the key trends likely to positively influence the lime oil market. The lime oil is gaining popularity among the consumers as it is obtained from pure, decidedly effective, and outstanding toxin-free organic farming. The fact that organic necessary oils act as a natural medication, because of the antimicrobial, antioxidant, and anti-inflammatory properties in them and makes them the most feasible choice for up-to-date health-conscious consumers.
The demand for lime oil for numerous applications across industries, containing pharmaceuticals and personal care, because of benefits and multi-purpose usages is the main factor expected to drive the growth of the market. The rising inclination for lime seed oil in the cosmetics products industry for the preparation of moisturizing creams because of its non-greasy texture, and also it easily gets absorbed with the skin are other factors expected to fuel the growth of the global market.
Lime oil is one of the reasonably needed oils associated with its other expensive counterparts, which enables it to secure a moderately larger consumer base over others in the landscape of the necessary oil. With a significant consumer mass choosing natural and organic over conventional food ingredients, natural essential oils are constantly observing a progressively growing trajectory. Lime oil manufacturers are progressively concentrating on introducing food-grade lime oil alternatives for both flavorings as well as preservation applications. Commercial use of lime oil as a natural additive has been first noted in preserved, frozen, and vacuum-packed foods, in addition to bottled beverages and fruit juices.
Global Lime Oil Market Segment Analysis
By Source, the organic segment is expected to hold the largest market share in the global lime oil market by 2027. This is mainly due to, the growing demand for organic products in developed and developing economies is expected to help the growth of the organic segment.
Among the application segment, the cosmetic and personal care industry segment is expected to register the highest growth rate in the global lime oil market. Thanks to growing buyer inclination for organic and natural beauty products among individuals is the main factor driving the growth of the cosmetic & personal care industry segment.
Global Lime Oil Market Region Analysis
North America is expected to account for the largest revenue share in the global lime oil market by 2027. This is mainly because of the increasing adoption of lime oil for applications in personal care products & cosmetics, and in food & beverage industries in the countries, like the US and Canada is expected to drive the growth of the North America lime oil market in the future. The market in the Asia Pacific is projected to account for the highest compounded annual growth in terms of revenue in the global lime oil market. The increasing usage of lime oil for pharmaceutical applications, and the highest production of lemon oil, mostly in countries such as India, and China, in the APAC region are factors expected to fuel the growth of the lime oil market.
The objective of the report is to present a comprehensive analysis of the Global Lime Oil Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Lime Oil Market dynamics, structure by analyzing the market segments and project the Global Lime Oil Market size. Clear representation of competitive analysis of key players by type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Lime Oil Market make the report investor’s guide.
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Global Lime Oil Market, By Source
Global Lime Oil Market, By Form
• Cold Pressed
Global Lime Oil Market, By Application
• Cosmetic and Personal Care Industry
• Pharmaceutical Industry
• Food and Beverages Industry
• Fragrance and Perfume Industry
Global Lime Oil Market, By Distribution Channel
o Modern Trade
o Convenience Store
o Specialty Store
o Departmental Store
Global Lime Oil Market, By Region
• North America
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in the Global Lime Oil Market
• Statfold Seed Oil Ltd
• Inovia International
• NHR Organic Oils
• Phoenix Aromas & Essential Oils, LLC
• SpringThyme Oils Ltd
• Penny Price Aromatherapy
• Gogia Chemical Industries Pvt. Ltd
• Ultra International B.V.
• Cargill Corp.
• Stan Chem International Limited
• Young Living Essential Oils LC
• Kerry Ingredients Holdings (U.K.) Limited.
• Shirley Price Aromatherapy Ltd.
• Sydney Essential Oil Co. Pty Limited
• Symrise AG
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