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Lemongrass Oil Market Trends

Report ID: GMI11627
Published Date: Sep 2024
Report Format: PDF

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Lemongrass Oil Market Trends

The lemongrass oil industry is experiencing significant growth, driven by increasing consumer demand for natural and organic products. According to the United States Department of Agriculture (USDA), organic essential oil sales, including lemongrass oil, have shown a steady increase, with a 9.3% growth in organic product sales from 2020 to 2021. The Food and Drug Administration (FDA) reports a rise in the use of lemongrass oil in food and beverage applications, with a 12% increase in product listings containing lemongrass oil as an ingredient over the past five years.

The National Center for Complementary and Integrative Health (NCCIH) notes a 15% increase in the use of aromatherapy practices, including lemongrass oil, for stress relief and relaxation. Additionally, the U.S. Census Bureau's Annual Retail Trade Survey indicates a 22% growth in e-commerce sales of essential oils and related products from 2019 to 2020, suggesting improved accessibility of lemongrass oil to global markets through online channels.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of lemongrass oil reached USD 51.3 million in 2023 and is set to grow at a CAGR of over 9.9% from 2024 to 2032, reaching USD 120.2 million by 2032.

What is the expected growth of the lemongrass oil industry in supermarkets and hypermarkets?

The food and beverages sector is expected to observe a CAGR of around 9.4% through 2032, with a market size of USD 33.7 million. Its distinct citrusy flavor and aromatic properties make it a popular natural flavoring agent in various products.

Asia Pacific market is set to reach approximately USD 40.9 million, growing at a CAGR of 9.7% from 2024 to 2032. Dominated by countries such as India, Thailand, and Indonesia, the region stands out as a pivotal hub for both production and consumption.

The leading players in the market include Aura Cacia, doTERRA, Edens Garden, Mountain Rose Herbs, NOW Foods, Phoenix Aromas & Essential Oils, LLC, Plant Therapy Essential Oils, The Lebermuth Company, and Young Living Essential Oils.