Lemongrass (Cymbopogon Citratus) Extract Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 4.1 Billion by 2030, growing at a CAGR of 6.3% from 2024 to 2030.
The global Lemongrass (Cymbopogon Citratus) extract market was valued at approximately USD 300 million in 2022. It is projected to expand at a compound annual growth rate (CAGR) of 7.5% from 2023 to 2030. The market's growth is driven by increasing consumer demand for natural and organic ingredients in the food and beverage, personal care, and pharmaceutical industries. Lemongrass extract, known for its diverse applications including flavoring, aroma enhancement, and therapeutic benefits, is gaining traction. Its usage in aromatherapy and as a natural preservative in food products further fuels market expansion. Additionally, the rise in disposable incomes and changing consumer preferences towards healthier lifestyles are contributing to the positive market outlook.
Emerging markets in Asia-Pacific, particularly in countries like India, Thailand, and Vietnam, present significant opportunities for growth due to their native production and lower extraction costs. The increasing adoption of lemongrass extract in emerging economies, driven by its affordability and efficacy, is likely to propel the market forward. Furthermore, advancements in extraction technologies and a growing awareness of the benefits of lemongrass extract among consumers are expected to open new avenues for market development. The expanding applications of lemongrass extract in dietary supplements and herbal medicines also highlight its potential for further market penetration in both developed and developing regions.
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Anhui Great Nation Essential Oils Co.
Ltd.
Jiangxi Hengcheng Natural Flavor Oil Co.
Ltd
Nanchang Yang Pu Natural Essence & Spice Co.
EOAS
Van Aroma
Yunnan Aroma Source
Yunnan Tian Lake Essential Oil Company Ltd
Karimun Kencana Aromatics
Manohar Botanical Extracts Pvt. Ltd
Reho Natural Ingredients
VIETNAM ESSENTIAL OIL.
JSC
The Essential Oil Company
Phoenix Herb Company
Kanta Group
Bhoomi
Aromatic & Allied Chemicals
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Lemongrass (Cymbopogon Citratus) Extract Market
Food & Drink
Daily Chemical Product
Others
Based on Types the Market is categorized into Below types that held the largest Lemongrass (Cymbopogon Citratus) Extract market share In 2023.
Ceylon
Java
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Lemongrass (Cymbopogon Citratus) Extract Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Lemongrass (Cymbopogon Citratus) Extract Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Lemongrass (Cymbopogon Citratus) Extract Market, By Type
6. Global Lemongrass (Cymbopogon Citratus) Extract Market, By Application
7. Global Lemongrass (Cymbopogon Citratus) Extract Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Lemongrass (Cymbopogon Citratus) Extract Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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