Global Lime Oil Market 2019-2023
About Lime Oil
Lime oil is a type of citrus essential oil that belongs to the essential oil family. Lime oil is mainly derived from the peel of key lime fruit. Key lime is also known as Citrus aurantifolia, and it belongs to the Rutaceae plant family.
Technavio’s analysts forecast the global lime oil market to grow at a CAGR of 7.38% during the period 2019-2023.
Covered in this report
The report covers the present scenario and the growth prospects of the global lime oil market for 2019-2023. To calculate the market size, the report considers the revenue generated from the use of lime oil market in different applications
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Lime Oil Market 2019-2023
Technavio recognizes the following companies as the key players in the global lime oil market: Aromaaz International, DōTERRA, Lionel Hitchen, PLANT THERAPY ESSENTIAL OILS, Young Living Essential Oils.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the consumer focus shifting toward organic products. The demand for organic essential oils with antimicrobial, antioxidant, and anti- inflammatory properties is growing, particularly in the medical segments.
According to the report, one of the major drivers for this market is the rising consumer awareness. Increasing consumer awareness regarding health benefits of lime oil had led vendors to come up with various creative marketing campaigns to promote it in the market.
Further, the report states that one of the major factors hindering the growth of this market is the toxicity and side- effects of lime oil. The associated side effects with lime oil which limited the growth of the market. As lime oil used in the concentrated form because it can trigger allergic reactions.
PLANT THERAPY ESSENTIAL OILS
Young Living Essential Oils
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