Limonene Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Limonene Market Analysis and it is segmented by Source (Oranges, Lemons, Mandarin, and Others), By Application (Food & beverages, Pharmaceutical, Cosmetics & Personal care, and Others), and by Geography.

Limonene Market Size

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Limonene Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 4.50 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Limonene Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Limonene Market Analysis

Global Limonene Market isprojected to grow at a CAGR of 4.5% during the forecast period (2020 - 2025).

  • Growing demand for bio-based solvents and its application usage act as the key factors driving thedemand forlimonenein the global market. The increasinguse ofLimonene in supplementfollowed by beverage is expected to drive the growth of limonene in the global market.
  • Increasing application from end-user industries like automobile, aerospace, general manufacturing, wood and marine is propelling thedemand for limoneneover the forecast period. Rapid transformation in food processing industry towards incorporating natural ingredients in products will provide substantial boost to thefood & beverage limonene market.

Limonene Market Trends

This section covers the major market trends shaping the Limonene Market according to our research experts:

Growing Demand for Limonene in Personal Care Industry

Limonenemarket from cosmetic & personal care haswitnessedasiginficant growth in last couple of years, owing its heath benefical properties and increasing demand for organic personal care products. The limonene based personal care products havenutritive compounds which help in dermis protection and soothing of skin. It contributes to restoring smoothness of hair and skin to assure protection against inflammatory phenomenon. It is appropriate for after-sun skin care, moisturizing skin, anti-aging skin care and restructuring hair care. Growing demand for organic cosmetic & personal care products would upsurge the market growth in the forecast period.

Limonene Market Trends

North America holds a Significant Market Share

North America holds a significant market share in global limonene market. The United States is the largest producer of citrus fruit in the world. Limonene and its derived products are used in various personal care products. Increase in demand for natural ingredients in cosmetics and preferences towards bio-degradable product will propel demand of limonene in the coming years.  Asia Pacific is anticipated to witness robust growth in the during the forecast period. Moreover, with increasing awareness among customers, it is expected that the demand for limonene market is expected to grow over the forecast period.

Limonene Market Growth

Limonene Industry Overview

The key brands are embarking on mergers and acquisitions and new product development as some of their key strategies to achieve consolidation and optimize their offerings respectively. Some of the major key players in the limonene market, globally includes Florida Chemical Company, Firmenich SA, TROPFRUIT NORDESTE S.A, Citrosuco, Citrus Oleo, among others.

Limonene Market Leaders

  1. Florida Chemical Company

  2. Firmenich SA

  3. TROPFRUIT NORDESTE S.A

  4. Citrosuco

  5. Sucorrico SA

*Disclaimer: Major Players sorted in no particular order

Florida Chemical Company, Firmenich SA, TROPFRUIT, NORDESTE S.A, Citrosuco, Sucorrico SA
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Limonene Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Source

      1. 5.1.1 Oranges

      2. 5.1.2 Lemons

      3. 5.1.3 Mandarin

      4. 5.1.4 Others

    2. 5.2 By Application

      1. 5.2.1 Food & beverages

      2. 5.2.2 Pharmaceutical

      3. 5.2.3 Cosmetics & Personal care

      4. 5.2.4 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 Germany

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Spain

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Florida Chemical Company

      2. 6.4.2 Firmenich SA

      3. 6.4.3 TROPFRUIT NORDESTE S.A

      4. 6.4.4 Citrosuco

      5. 6.4.5 Citrus Oleo

      6. 6.4.6 Ernesto Ventos S.A

      7. 6.4.7 Sucorrico SA

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Limonene Industry Segmentation

The global limonene market is segmented by source and application. On the basis of source, the market is segmented intooranges, lemons, mandarin, and others. On the basis of application, the market is segmented intofood & beverages, pharmaceutical, cosmetics & personal care, and others.Also, the study provides an analysis of the limonenemarket in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

By Source
Oranges
Lemons
Mandarin
Others
By Application
Food & beverages
Pharmaceutical
Cosmetics & Personal care
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
Rest of Middle East & Africa
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Limonene Market Research FAQs

The Limonene Market is projected to register a CAGR of 4.5% during the forecast period (2024-2029)

Florida Chemical Company, Firmenich SA, TROPFRUIT NORDESTE S.A, Citrosuco and Sucorrico SA are the major companies operating in the Limonene Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Limonene Market.

The report covers the Limonene Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Limonene Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Limonene Industry Report

Statistics for the 2024 Limonene market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Limonene analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Limonene Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)