Future Market Insights projects that the Lemongrass Oil market will grow at a compound annual growth rate (CAGR) of 5.6% during the forecast period. The market is expected to reach a value of USD 72.9 million by 2032, up from USD 42.3 million in 2022. The market was valued at USD 40.2 million at the end of 2021.

Lemongrass Oil is derived from the stems of the lemongrass (Cymbopogon) herb. While fresh lemongrass is primarily cultivated in Asia and is not available year-round, Lemongrass Oil, along with its extracts and dehydrated forms, are widely used.

Renowned for its refreshing and pleasant aroma, Lemongrass Oil is a popular choice among culinary experts and is one of the top-selling essential oils globally, according to Discovery Health. In addition to its culinary uses, lemongrass and its oil are traditionally employed in remedies for various health issues, including digestive disturbances, behavioral problems, and circulatory concerns.

Lemongrass Oil is gaining increasing popularity in global markets due to its extensive medical, skincare, and wellness benefits. Its rising use in aromatherapy is boosting demand, alongside a growing consumer preference for natural oil-based personal care products.

The oil's numerous health benefits, associated with essential oils, are expected to drive demand in pharmaceutical and medical applications. Its lack of negative side effects further supports its potential for market expansion. Additionally, the growing incorporation of lemongrass oil into culinary dishes is a significant factor contributing to its increased use in the food and beverage industry.

Competitive Landscape

The primary barrier to entering the Lemongrass Oil market is the substantial capital investment needed to establish a production facility. However, once a producer is in place, they can anticipate strong profits due to high demand for Lemongrass Oil.

The report offers a detailed analysis of the global Lemongrass Oil market, including growth potential, emerging trends, and future projections. It also examines market drivers, challenges, and provides a competitive assessment of the current market landscape.

Key Companies Profiled

• Essential Oils of New Zealand
• Reho natural ingredients
• West India Spices Inc
• The Leburmuth Company
• Rajkeerth Aromatics
• Young Living Essential Oils
• Falcon
• Sydella Laboratoire
• doTerra

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Lemongrass Oil Market by Category

By Application:

• Food and Beverages
• Pharmaceutical
• Cosmetics and Personal Care

By Grade:

• Therapeutic Grade
• Food Grade

By Region:

• North America
• Latin America
• Eastern Europe
• Western Europe
• Asia Pacific Excluding Japan
• Japan
• Middle East and Africa(MEA)