Lemongrass Oil Market Unlocking Growth Potential: 2025-2033 Analysis and Forecasts

Key Insights

The size of the Lemongrass Oil Market was valued at USD 51.3 Million in 2023 and is projected to reach USD 99.33 Million by 2032, with an expected CAGR of 9.9% during the forecast period. Lemongrass oil is a highly aromatic essential oil derived from the lemongrass plant, scientifically known as Cymbopogon citratus. This tropical grass is native to Southeast Asia, but it is now cultivated in various regions around the world. The oil is extracted primarily through steam distillation of the fresh leaves and stems of the lemongrass plant. Known for its distinct, refreshing citrus fragrance, lemongrass oil contains a variety of chemical compounds, with citronella and geraniol being some of the most prominent. These compounds contribute to the oil’s therapeutic properties, which are widely appreciated in both aromatherapy and traditional medicine. Lemongrass oil is valued for its wide range of health benefits, including its antibacterial, antifungal, anti-inflammatory, and analgesic properties. It is often used to help relieve muscle pain, reduce inflammation, and fight infections. In addition to its physical health benefits, lemongrass oil is also known for its ability to promote relaxation and reduce stress. When used in aromatherapy, it can create a soothing environment, helping to uplift mood and alleviate anxiety. Furthermore, its fresh, citrusy scent makes it a popular addition to natural cleaning products, as it not only deodorizes but also acts as a disinfectant. This growth is driven by factors such as the increasing use of lemongrass oil in food and beverage products, personal care and cosmetics, pharmaceuticals, and aromatherapy. Additionally, rising food security concerns and technological advancements are also contributing to the market growth. Hybrid seeds are being developed to improve the yield and quality of lemongrass, and government initiatives are also supporting the cultivation of lemongrass.

Lemongrass Oil Market Concentration & Characteristics

The Lemongrass Oil Market is fragmented, with a large number of small and medium-sized players. The market is characterized by innovation, with companies constantly developing new products and technologies to meet the needs of consumers. Regulations play a significant role in the market, as they ensure the safety and quality of lemongrass oil products. Product substitutes, such as other essential oils and synthetic fragrances, can also impact the market. End user concentration is relatively low, with a wide range of industries using lemongrass oil. The level of M&A in the market is moderate, with a few notable acquisitions in recent years.

Lemongrass Oil Market Trends

Some key market insights include the growing popularity of natural and organic products, the increasing use of lemongrass oil in aromatherapy and other therapeutic applications, and the rising demand for lemongrass oil in developing countries. Additionally, the development of new technologies, such as nanoemulsions and microencapsulation, is also expected to drive market growth.

Key Region or Country & Segment to Dominate the Market

Asia Pacific is the dominant region in the Lemongrass Oil Market, accounting for over 50% of the total market share. This dominance is due to the large-scale cultivation of lemongrass in countries such as India, China, and Indonesia. In terms of segments, the food and beverage application is expected to account for the largest share of the market, followed by the personal care and cosmetics application.

Lemongrass Oil Market Product Insights Report Coverage & Deliverables

The Lemongrass Oil Market Product Insights Report Coverage & Deliverables will include market size, market share, and growth analysis by type, application, and region. The report will also provide a competitive landscape analysis, including company profiles, SWOT analysis, and market share analysis.

Lemongrass Oil Market Analysis

The Lemongrass Oil Market is expected to reach a value of 123.4 Million by 2026, growing at a CAGR of 9.9% from 2023 to 2026. The market is driven by the increasing demand for lemongrass oil in various applications, such as food and beverages, personal care and cosmetics, pharmaceuticals, and aromatherapy. Additionally, the rising food security concerns and technological advancements are also contributing to the market growth.

Lemongrass Oil Market Regional Insights

• North America: U.S., Canada
• Europe: Germany, UK, France, Italy, Spain
• Asia Pacific: China, India, Japan, South Korea, Australia
• Latin America: Brazil, Mexico, Argentina
• MEA: Saudi Arabia, UAE, South Africa

Driving Forces: What's Propelling the Lemongrass Oil Market

• Increasing use of lemongrass oil in food and beverage products
• Rising demand for natural and organic products
• Growing popularity of aromatherapy
• Technological advancements

Challenges and Restraints in Lemongrass Oil Market

• Fluctuating prices of raw materials
• Government regulations
• Product substitutes

Emerging Trends in Lemongrass Oil Market

• Development of new technologies
• Increasing demand for lemongrass oil in developing countries
• Growing popularity of sustainable practices

Lemongrass Oil Industry News

• In June 2023, the Kandhamal administration in Orissa revealed plans for a mobile distillation unit in the R Udayagiri block. This initiative aims to facilitate the extraction of lemongrass oil from local crops.

Leading Players in the Lemongrass Oil Market

• Aura Cacia
• doTERRA
• Edens Garden
• Mountain Rose Herbs
• NOW Foods
• Phoenix Aromas & Essential Oils, LLC
• Plant Therapy Essential Oils
• The Lebermuth Company
• Young Living Essential Oils

Lemongrass Oil Market Segmentation

• 1. Type
  • 1.1. Conventional
  • 1.2. Organic
• 2. Application
  • 2.1. Food & beverages
  • 2.2. Personal care & cosmetics
  • 2.3. Pharmaceuticals
  • 2.4. Aromatherapy
  • 2.5. Household cleaning products
• 3. Distribution Channel
  • 3.1. Online retail
  • 3.2. Supermarkets/hypermarkets
  • 3.3. Specialty stores
  • 3.4. Direct sales
  • 3.5. Others

Lemongrass Oil Market Segmentation By Geography

• 1. North America
  • 1.1. U.S.
  • 1.2. Canada
• 2. Europe
  • 2.1. Germany
  • 2.2. UK
  • 2.3. France
  • 2.4. Italy
  • 2.5. Spain
• 3. Asia Pacific
  • 3.1. China
  • 3.2. India
  • 3.3. Japan
  • 3.4. South Korea
  • 3.5. Australia
• 4. Latin America
  • 4.1. Brazil
  • 4.2. Mexico
  • 4.3. Argentina
• 5. MEA
  • 5.1. Saudi Arabia
  • 5.2. UAE
  • 5.3. South Africa