Lemongrass oil is type of essential oil extracted from lemongrass also known as Cymbopogon. It is commonly used as a medicine, especially in India and also used in various Asian cuisines for natural flavoring. Major factors driving growth of the global lemongrass oil market are increasing popularity of lemongrass oil among individuals, owing to rising awareness regarding its benefits. However, high cost of pure lemongrass oil may hamper growth of the global market.
The global lemongrass oil market report has been segmented on the basis of grade, application, and region. On the basis of grade, the market is segmented into therapeutic grade and food grade. Food grade segment is expected witness high growth in terms of revenue over the forecast period, owing to its increasing adoption in Asian cuisines in countries like Vietnam, Thailand, China, Cambodia, and increasing popularity of Asian food globally.
On the basis of application, the market is segmented into personal care products, food & beverages, pharmaceuticals, and aromatherapy products. Revenue of personal care products segment is expected to witness lucrative growth in the near future, owing to growing preference for natural and herbal cosmetics.
Request for the Sample Report Here: https://marketresearch.biz/report/lemongrass-oil-market/request-sample/
Based on the region, the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Europe dominates the global market in terms of revenue and expected to witness high growth over the forecast period, followed by Latin America. Asia Pacific region is major exporter of global lemon grass oil market. The market in Asia Pacific is expected to witness significant growth in terms of revenue in the near future. Increasing use of lemongrass oil for medicinal purposes and rising popularity for aromatherapy among individuals are factors fueling growth of the global lemongrass market in this region. Additionally, increasing use of lemongrass oil in cosmetics is another factor boosting growth of the target market in this region.
Key players operating in the global lemongrass oil market include The Lebermuth Company, Young Living Essential Oils LC, doTERRA International LLC, West India Spices Inc., Falcon Oil & Gas Ltd., Rajkeerth Aromatics and Biotech Pvt. Ltd, Edens Garden Inc., NOW Health Group, Inc., Rocky Mountain Oil Corp, and Frontier Natural Products Co-op (Aura Cacia).