Limonene Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

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

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Limonene Market Size

Limonene Market Size
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 4.5 %

Major Players

Limonene Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Limonene Market Analysis

Global Limonene Market is projected 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 the demand for limonene in the global market. The increasing use of Limonene in supplement followed 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 the demand for limonene over the forecast period. Rapid transformation in food processing industry towards incorporating natural ingredients in products will provide substantial boost to the food & beverage limonene market. 

 

Limonene Industry Segmentation

The global limonene market is segmented by source and application. On the basis of source, the market is segmented into oranges, lemons, mandarin, and others. On the basis of application, the market is segmented into food & beverages, pharmaceutical, cosmetics & personal care, and others. Also, the study provides an analysis of the limonene market 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 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

Limonene market from cosmetic & personal care has witnessed a siginficant 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 have nutritive 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

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

**Subject to Availability
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Limonene Market Research FAQs

The Limonene Market is studied from 2018 - 2028.

The Limonene Market is growing at a CAGR of 4.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

North America holds highest share in 2021.

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

Limonene Industry Report

Statistics for the 2023 Limonene market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Limonene analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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