Limonene Market Share by Manufacturers, Types and Current Scenario 2019-2022
29th April 2019 – The Global Limonene Market is
subject to witness a substantial growth due to the growing popularity of
limonene in the personal care products and cleansers, and increasing demand for
production of dietary supplements. Limonene consists of anti-oxidant
properties, and commonly known as a non-carcinogenic or mutagenic. These
properties makes limonene a better option for dietary supplements and various
nutrients instead of non-organic products.
Additionally,
increase in number of domestic applications is expected to fuel market demand for
limonene in the upcoming years. Globally, the market is predicted to grow at a
CAGR of 6.08% in the forecast period, providing numerous opportunities for
market players to invest in research and development of the limonene market.
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However, volatility
in cost of limonene & its variants is considered as key challenge for market
growth. In addition, dependency of limonene market on agricultural
productivity, the weather and other environmental factors are negatively
affecting market growth to a certain extent. Availability of viable
alternatives such as Myralene solvent with lower costs and similar properties
is expected to restrain market as well. Yet, increase in import and export
activities in North America region is expected to offer lucrative growth
opportunities for regional industry players over the forecast period.
Aggressive
marketing by the industry players and numerous brand improvement efforts by
local manufacturers is attracting more consumers towards D-Limonene and
limonene products.
Introduction of the different variants of limonene and
numerous health benefits associated with its daily consummation, coupled with
increasing popularity among geriatric population, is expected to boosting the
sales of the limonene products, thus leading to the growth of the limonene
market over the forecast period.
Key Vendors
• Agroterenas S.A.
• Citrosuco
• Citrus Oleo
• Deqing Shangpin
• DRT (Pinova)
• Ernesto Ventos
• Florachem
• Florida Chemical
Company
• Foreverest
• Fujian Green Pine
Key Applications
• Pharmaceuticals
• Food
• Daily Chemicals
• Industrial
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The market
is divided by region as North America, Europe, Asia-Pacific, Latin America and
Africa. North America has shown major growth in recent years owing to the rise
in the implementation of latest technologies in chemical industry, increase in
the import & export activities in the region, and existence of prominent
industry players.
Asia-Pacific
region is predicted to hold major market share in the limonene market with
massive growth in forecast period. Countries such as India, China and Singapore
are leading the Asia-Pacific market with increasing awareness among general
population about benefits of D-Limonene and limonene products, rising personal
disposable income, and significant investment by leading industry players considering
potential growth opportunities in the region.
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