Lemongrass oil is an essential oil with fresh
& citrusy fragrance, extracted from lemongrass herb. It is anti-bacterial,
anti-depressant, anti-fungal, antiseptic, anti-pyretic, and astringent. It is
commonly used in disinfectant, pain balm, and insect repellent cream. It is
used to improve digestion, anxiety, reduces cholesterol level, relieve stress,
aids cancer treatment and many more.It is also known as fever grass owing to
its ability to bring down a fever. It is used in various culinary delights, paired
with beef, fish, poultry and seafood’s, added to ready-made curries as well as
used for flavoring tea and soups.
According to study, “Global
Lemongrass Essential Oil Market Status (2015-2019) and Forecast
(2020-2024) by Region, Product Type & End-Use” the key companies operating
in the global lemongrass essential oil market areSky Petro-Chem Pte. Ltd., Shiv
Sales Corporation, Showa Pharmaceutical Co., Ltd., Praveen Aroma Pvt Ltd., VEMO
99 Ltd., Organic Herb Inc., Kanta Enterprises Private Limited, Katyani Exports,
Il Health And Beauty Natural Oils Co Inc., Imperial Malts Limited,
TalyaBitkiselUrunlerTicaretSanayi Limited Sirketi, DBR Exports India, Shanghai
SoyoungBiotechnology Inc., Sun Bio Naturals India Private Limited, SNN Natural
Products, Sri Venkatesh Aromas, Shaanxi Orient Industrial Co., Ltd., Grenera
Nutrients Private Limited, Harry Baba, Enjay Marketing Services Private
Limited, Goyum Screw Press, Dran Co. Ltd., Ecuadorian Rainforest, LLC. The key
companies are exploring the market by adopting mergers & acquisitions
(M&A), investments, expansions, new service launches and collaborations as
their preferred strategies. The companies are exploring new geographies through
expansions & acquisitions to avail competitive benefit through combined
synergies.
Based on type, lemongrass essential oil market
is segmented into flower, leaf and mixed part. Based on grade type, market is
segmented into therapeutic grade and food grade. Therapeutic grade is used for
pharmaceutical as well as personal care uses while food grade is useful for
food & beverage purpose. In addition, based on application, market is
segmented into research uses, dietic foods, drug formula, cosmetics and others.
Cosmetic segment includes shampoos, conditioner, soaps, deodorants, body lotion,
air freshener and tonics.
The lemongrass essential oil market is driven
by rise in adoption of lemongrass essential oil in aromatherapy, followed by
growth in demand from pharmaceutical industry& increase in health benefits
and rise in food & beverage industry for culinary dishes. However, high
cost of lemongrass oil and side effects of the oil if consumed directly on
breastfeeding or pregnant women may impact the market. Moreover, growth in
preference for natural medicines among individuals and increase in awareness
regarding health benefits provided by lemongrass oil are key opportunities for
market.
Based on geography, the Latin-American and
European regions hold major share in lemongrass essential oil market owing to
change in lifestyle of people and presence of key manufacturers in the regions.
Whereas, the Asian-Pacific region is expected to exhibit substantial growth
rate due to rise in application in cosmetic & personal care products such
as perfumes, soaps, and deodorants over the forecast period. In upcoming years,
it is estimated that future of the market will be optimistic as a result of
rise in popularity from health conscious consumers during the forecast period.
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