29 July 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.
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.
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.
The
key players in the limonene market are Moellhausen S.p.A., Florida Chemical
Company, Inc., Lemon Consentrate S.L., XR-2000, Inc., Schepise Chemical Sales,
LLC, Orchidia Fragrances Co., Sharp Methanol India Ltd., Citroflavor Essential
Oils Co., Hunter Sales, Inc., EZ clean Co., and Frutech International
Corporation de México S.A.
Market Segment:
Key Applications
•
Pharmaceuticals
•
Food
•
Daily Chemicals
•
Industrial
Key Regions
•
North America
•
Europe
•
Asia Pacific
•
Middle East and Africa
•
South America
Key Vendors
•
Agroterenas S.A.
•
Citrosuco
•
Citrus Oleo
•
Deqing Shangpin
•
DRT (Pinova)
•
Ernesto Ventos
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