In a recently published lime oil market report, the global market for lime oil has been expected to witness sluggish growth over the next five years. The report projects 3.8% CAGR for lime oil market over 2017-2022, despite the presence of a slew of health advantages that lime oil offers. Poor growth prospects for lime oil market have been attributed to the drastically impactful supply-demand and pricing scenario of lime as well as lime oil. Thorough analysis of all the factors likely to shape the lime oil market performance through 2022 is provided in the report.
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Growing Commercialization of Lime Oil in Processed Food Sector to Push Prospects for Lime Oil Market in F&B Industry
Lime oil is one of the affordable essential oils compared to its other expensive counterparts, which enables it to secure a relatively larger consumer base over others in the essential oils landscape. With a substantial consumer mass preferring natural and organic over conventional food ingredients, natural essential oils are consistently witnessing a steadily growing trajectory. Even purchase decisions regarding processed food products are highly influenced by the demand for natural, non-chemical ingredients. Lime oil producers are increasingly focusing on introducing food grade lime oil variants for both flavoring as well as preservation applications. Commercial use of lime oil as a natural preservative has been first recorded in canned, frozen, and vacuum-packed foods, in addition to bottled beverages and fruit juices.
Innovative Combinations of Lime Oil to Open New Doors of Opportunities for Producers
Of late, combinations of lime oil variants are being experimented in oral care products such as toothpaste and mouthwash. Moreover, producers are also formulating effective combinations of lime oil and other complementing essential oils in aroma-therapeutic applications. Research backs more effective action of the combination of two or more essential oils in therapeutic applications. Over 80% of the lime oil content is constituted by volatile compounds that predominantly account for the antimicrobial activity of lime oil. Key players in the global lime oil market space are thus focusing on preserving this part of lime oil at room temperature or within a higher temperature range, as these volatile components are often lost at higher temperatures.
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Lime Oil Sales to Gain a Strong Push beyond US$ 75 Mn by 2022, through Therapeutic Applications
Antimicrobial, antiseptic, and antioxidant properties of lime oil will continue to extend the popularity of lime oil over the next few years. Furthermore, lime oil can readily ward off infections and accelerate wound healing, which are slated to improve the chances of adoption in the near future. Besides possessing an exceptional property of controlling infections of mouth, throat, urinary tract, and stomach, lime oil can help blood coagulation. Lime oil is an important ingredient of the combination of essential oils that are incorporated in treatment of inflammatory skin conditions and arthritis. Moreover, owing its energy boosting and mood lifting peculiarities, lime oil has been experiencing decent traction in aromatherapy over the past few years. Therapeutic applications of lime oil are likely to attract the revenue worth US$ 75 Mn by 2022 end, as indicated by the lime oil market report. Throughout the forecast period, the demand for lime oil in therapeutics will remain steady.
Competition Analysis: Global Lime Oil Market Landscape
In an effort to retain and use volatile compounds in lime oil in food preservation applications, it is expected that leading food processing brands will strategically combine their conventional food preservation techniques with innovative packaging techniques so as to reap the benefits of volatile compounds that are present in lime oil. As therapeutic applications will remain the top opportunity generator for natural lime oil producers, the global market landscape for lime oil is poised to witness innovation in lime oil formulations and combinations extending the existing applications in therapeutic realm. The key companies operating in the global lime oil market include Lionel Hitchen Essential Oils Ltd., Aromaaz International, Plant Therapy Essential Oils, Young Living Essentials Oils LC, Aksuvital, and Biolandes are some of the important competitors in the global lime oil market landscape, and have been profile in the global lime oil market report.
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Lime Oil Market Outlook Focusing on Major Opportunities Expected to Occur during the Forecast Period
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