Limonene: Market outlook

Limonene is a colorless liquid hydrocarbon with lemons like fragrance and present in the essential oil of citrus fruits such as lemon essential oil, orange essential oil, and others. In the global food and beverage market, limonene is gaining the demand owing to its multi-faceted applications in pharmaceuticals, cosmetics and food, and beverage industry. Limonene is majorly used as flavor and fragrance additive in end-use industry.  In the pharmaceutical industry, limonene is gaining demand due to its multiple benefits in bone health. Limonene is found to be helpful in curing bone-related diseases and also in weight management. In addition, limonene is under clinical investigation to treat breast cancer. On the other hand, the increasing demand for biodegradable substance in paints and coatings is proving as the best opportunity for limonene as a replacement for petroleum-based solvents. In the global limonene market, Europe and North America account for major production and consumption of limonene. With the increasing demand of limonene in various industry, it can be anticipated that there would be higher return for the investor over the forecast period.

Rising Demand for Limonene Flavor and Fragrance Industry

Due to its versatile application, the demand of limonene is increasing in the household and personal care products such as an aromatic cleaning agent for kitchen equipment. In the global terpene market, the demand of limonene is increasing at a high growth rate in homecare, food and beverage and pharmaceutical industry. The demand is also increasing as the replacement of petroleum-based paints owing to its biodegradability and low VOC emission. In the food and beverage industry, flavor inspiration is the major factor which is driving the limonene as a food additive to enhance the flavor and fragrance of the food products. Limonene has citrus aroma owing to the fact that it is extracted from the peels of citrus fruit mainly oranges. Meanwhile, in the food and beverage industry, many companies are investing in research and development to add limonene in their food products where it is not being used currently. Recently, researchers have tested for its function as a crystallizing agent in chocolates. On the other hand fluctuation in the production of raw material is restraining the limonene market. In addition, to overcome the supply constraint during the offseason of orange, many manufacturers are emphasizing on to develop alternatives of limonene, which is restraining the global limonene market.

Global Limonene: Market Segmentation

On the basis of source, the global limonene market has been segmented as-

  • Natural
  • Synthetic

On the basis of grade, the global limonene market has been segmented as-

  • Food grade
  • Pharmaceutical Grade
  • Industrial Grade
  • Fragrance Grade

On the basis of the end user, the global limonene market has been segmented as-

  • Food & Beverage Processing
  • Dietary supplements
  • Pharmaceuticals
  • Cosmetics
  • Home Care & Personal Care

Opportunities for Market Participants:

The upsurge in the demand for natural and healthy ingredients in the food and beverage is paving the opportunity for the robust growth of limonene market. The aggressive marketing strategy by the key players involved in the limonene market and brand improvement by the regional manufacturers is helpful in gaining the attention of customers towards limonene and limonene products. Apart from all the factors mentioned above, increasing awareness among the geriatric population about the limonene is expected in boosting the demand for limonene products.

Global Limonene: Key Players

Some of the key players of limonene market are Astra Chemicals, Mentha & Allied Products Private Limited, Shree Bankey  Behari Lal Aromatics, Banner Chemicals Limited Recochem Inc., Lemon Concentrate S.L., Interstate Commodities Corp., Florida Chemical Company, Citrus Company of Belize Ltd. and Spectrum Chemical Mfg. Corp. amongst others.

Global Limonene Market: A Regional Outlook:-

North America and Europe account for the highest production and consumption of limonene and companies like Astra Chemicals, Mentha & Allied Products Private Limited, are situated there, it is expected anticipated that the demand of the limonene will increase in the forecast period. In addition, Asia Pacific is anticipated to witness robust growth in the coming future. On the other hand, with increasing awareness among customers, it is expected that the demand for limonene market is expected to grow over the forecast period.

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
  • Strategic Frameworks: The study offers how organizations are setting both short-term and long-term strategic plans. Our team of experts collaborate and communicate with you to understand these to make your organizations sustainable and resilient during tough times. The insights help them decide sustainable competitive advantage for each business units.
  • Benchmarking for Deciding Target Markets and Brand Positioning: The assessments in the study provides a scrutiny of marketing channels and marketing mix. Our various teams work synergistically with you to help identify your actual and potential direct, indirect, and budget competition areas. Additionally, the study helps you decide most effective budgets for various processes and promotional activities. Furthermore, the study guides you to set benchmarks for integrating people and processes with the 4Ps of marketing. Eventually, this will empower you to find out unique propositioning strategies and niches.
  • Business Composability for Sustainability (C-S): Constant strategy planning for sustainability characterizing our C-S framework in the report has become more relevant than before in the face of disruptions caused by pandemics, recessions, boom and bust cycles, and changing geopolitical scenario. The TMR study offers a high level of customization to help you achieve business composability. Composable enterprises are increasingly gaining the attention of CXOs in order to help them combat market volatility. Our analysts and industry experts help you wade through such uncertainties and guide you to become a smart sustainable business in entirety.

The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Limonene Market