Lemongrass Oil Market Report 2023

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GLOBAL LEMONGRASS OIL MARKET REPORT 2023
Global,Regional,CountryAnalysis
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INTRODUCTION
The growing interest in herbal and natural
remedies, rising demand for essential oils,
increasing demand in the food and beverage
industry, rising demand for organic products,
increasingly adopting healthier lifestyles, used
in traditional medicine systems, globalization of
cuisine, increasing export opportunities, climate
change, and sustainability concerns and ongoing
research and innovation into health benefits of
lemongrass are the primary drivers driving the
market growth.
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KEY INSIGHTS
MARKET SIZE USD 38.1 billion
2023
FORECAST USD 38.1 billion
2028
CAGR 5.90
2023- 2030
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REVENUE MARKET SHARE BY SEGMENTS 2022

• Therapeutic Grade
• Food Grade

Grade Segment
Perfumes, Candles, and Cosmetics,
Application segment
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Global Lemongrass Oil Market Revenue share for
2022
North America 35
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Rising product innovations to Propel Market Growth
Drivers
Price fluctuations due to climate Limitations to
Hinder Market Growth
Restraints
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AUTHOR'S PERSPECTIVE

• The Global Lemongrass Oil Market is witnessing
  significant growth in the near future.
• The Lemongrass Oil market has been revolutionized
  because of rising product innovations.
• In 2023, the Pure Oil segment accounted for
  noticeable share of global Lemongrass Oil Market
  and is projected to experience significant growth
  in the near future.
• The Food Beverages segment is expected to
  expand at the significant CAGR retaining position
  throughout the forecast period.

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KEY PLAYERS
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