DUBLIN--(BUSINESS WIRE)--The "Global Limonene Market - Segmented by Source (Lemons, Oranges, Mandarin, Lime, Grapefruit) Applications (Pharmaceuticals, Food& beverages, Cosmetic, Chemical Industry) and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global limonene market is expected to register a CAGR of 4.2% during the forecast period, 2018 to 2023.
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.
Increasing adoption of natural ingredients and green chemicals in the production of consumables is one of the major factors driving the market for limonene globally. Growing demand for aerosol propellant and ozone-depleting chemicals usage is likely to drive the limonene market growth trend in the forecasted period. It is widely used in food & beverage products, medicine and personal care products due its pleasant aroma and fragrance.
Limonene availability and its price in the market tends to fluctuate which decreases the profit margins; this is likely to challenge industry growth. Due to unfavorable weather conditions and lower yields, it creates the supply-demand deficit which inhibiting the growth of the limonene market.
By applications, the market is segmented into Pharmaceuticals, Food & Beverages, Cosmetics, and Chemical Industry. The Food & Beverages segment dominates.
Foreverest Resources Ltd. is one of the leading producers of naturally sourced dipentene that is being used by the pharmaceutical segment as a gallstone solubilizer, to treat one of the most common gastrointestinal disorders.
Major Market Developments
- Peace Naturals, has launched three limited edition product Diesel, Sensi Star, Clearview Kush which contain limonene in it.
- Elevance Renewable Sciences, expands its product line with Elevance Clean 1000 is a high-performing, bio-based cleaning ingredient which is easily blended into d-limonene formulas. These are used in asphalt/tar removal and degreasing applications.
Companies Profiled
- Florida Chemical Company Inc.
- Arora Aromatics
- Bell Chem Corp.
- Sucorrico
- Weleda Australia Pty Ltd.
- Citrus Oleo
- Treatt plc
- Lemonconcentrate
- Banner Chemicals Limited
- Interstate Commodities Corp.
Key Topics Covered
1. Introduction
2. Limonene Market Insights
3. Limonene Market Dynamics
4. Limonene Market Segmentation
5. Limonene Market By Geography
6. Limonene Market Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/9rqn5r/global_limonene?w=4
