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Limonene Market: Growing demand for limonene in the cosmetics industry to drive growth
The key factor driving growth in the limonene market is the growing demand for limonene in the cosmetics industry. The applications of limonene in cosmetics and personal care products have grown significantly in recent years, owing to its health benefits and the rising demand for organic personal care products. Due to its excellent penetration capacity and anti-inflammatory characteristics, D-Limonene is a popular choice in products for skincare regimes. Unlike volatile substances, bio-solvents such as limonene have antioxidant properties, which has increased their use in cosmetics. Limonene is used for personal skin care products like sun care, moisturizing skincare, anti-aging, and hair restructuring products. As a result, there is an increasing demand for organic cosmetics and personal care products, which is driving the growth of the global limonene market.
Limonene Market: Rising adoption as a solvent in the paint industry to be a major trend
The rising adoption as a solvent in the paint industry is another factor supporting the limonene market share growth. Limonene is a solvent that may be used to replace chlorinated hydrocarbons, chlorofluorocarbons, and other solvents. Limonene can also be used to remove oil and debris from painted surfaces. Thus, it is used for degreasing metals prior to industrial painting, for cleaning applications in the electronics sector, and in cleaning applications in the printing business. The European Commission and other federal government organizations have established new laws and regulations, such as the Eco-product Certification Scheme (ECS) for product categories like soaps and detergents, paints, and Food Items. These restrictions encourage manufacturers of paints and coatings to invest in bio-based raw materials, making them more environment-friendly. As a result of the increased need for natural raw materials in the paints and coatings industry, the demand for limonene is expected to rise during the forecast period, and we may expect the market in focus to witness positive growth.
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Limonene Market: Segmentation Analysis
Technavio market research report segments the limonene market by End-user (food and beverage processing, pharmaceuticals, and personal care and cosmetics) and Geography (APAC, North America, South America, Europe, and MEA).
The limonene market share growth by the food and beverage processing segment is significant for revenue generation. Globally, the food and beverage sector is expanding at a steady rate, with new product and ingredient developments driving the growth of the industry. The growing demand for organic foods, especially from the elderly, health-conscious people, and parents worried about the health of their children, are driving factors for the food and beverage industry. The organic food category is growing at an exponential rate as more people across the world are choosing to consume food products that use organic ingredients, which is boosting the demand for limonene as it is a naturally occurring chemical used in enhancing flavor and as a food additive.
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Limonene Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.79% |
Market growth 2022-2026 |
USD 137.10 million |
Market structure |
Fragmented |
YoY growth (%) |
3.57 |
Performing market contribution |
APAC at 42% |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Astrra Chemicals Pvt. Ltd., Banner Chemicals Ltd, Citrosuco, Citrus Oleo, Ernesto Ventos SA, Florida Chemical Co., Mentha and Allied Products Pvt. Ltd., Recochem Inc., Shree Bankey Behari Lal Aromatics, and Sucorrico SA |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Content
1. Executive Summary
1.1 Market Overview
Exhibit 01: Key Finding 1
Exhibit 02: Key Finding 2
Exhibit 03: Key Finding 3
Exhibit 04: Key Finding 5
Exhibit 05: Key Finding 6
Exhibit 06: Key Finding 7
Exhibit 07: Key Finding 8
2. Market Landscape
2.1 Market ecosystem
Exhibit 08 Parent market
Exhibit 09: Market characteristics
2.2 Value Chain Analysis
Exhibit 10: Value Chain Analysis: Packaged foods and meats market
2.2.1 Inputs
2.2.2 Inbound logistics
2.2.3 Primary processing
2.2.4 Secondary and tertiary processing
2.2.5 Outbound logistics
2.2.6 End-customers
2.2.7 Marketing and sales
2.2.8 Services
2.2.9 Innovations
3. Market Sizing
3.1 Market definition
Exhibit 11: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 12: Market segments
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021 - 2026
3.4.1Estimating growth rates for emerging and high-growth markets
3.4.2Estimating growth rates for mature markets
Exhibit 13: Global - Market size and forecast 2021 - 2026 ($ million)
Exhibit 14: Global market: Year-over-year growth 2021 - 2026 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 15: Five forces analysis 2021 & 2026
4.2 Bargaining power of buyers
Exhibit 16: Bargaining power of the buyer
4.3 Bargaining power of suppliers
Exhibit 17: Bargaining power of the supplier
4.4 Threat of new entrants
Exhibit 18: Threat of new entrants
4.5 Threat of substitutes
Exhibit 19: Threat of substitutes
4.6 Threat of rivalry
Exhibit 20: Threat of rivalry
4.7 Market condition
Exhibit 21: Market condition - Five forces 2021
5. Market Segmentation by End user
5.1 Market segments
Exhibit 22: End user- Market share 2021-2026 (%)
5.2 Comparison by End user
Exhibit 23: Comparison by End user
5.3 Food and beverage processing - Market size and forecast 2021-2026
Exhibit 24: Food and beverage processing - Market size and forecast 2021-2026 ($ million)
Exhibit 25: Food and beverage processing - Year-over-year growth 2021-2026 (%)
5.4 Pharmaceuticals - Market size and forecast 2021-2026
Exhibit 26: Pharmaceuticals - Market size and forecast 2021-2026 ($ million)
Exhibit 27: Pharmaceuticals - Year-over-year growth 2021-2026 (%)
5.5 Personal care and cosmetics - Market size and forecast 2021-2026
Exhibit 28: Personal care and cosmetics - Market size and forecast 2021-2026 ($ million)
Exhibit 29: Personal care and cosmetics - Year-over-year growth 2021-2026 (%)
5.6 Market opportunity by End user
Exhibit 30: Market opportunity by End user
6. Customer landscape
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
6.1 Overview
Exhibit 31: Customer landscape
7. Geographic Landscape
7.1 Geographic segmentation
Exhibit 32: Market share by geography 2021-2026 (%)
7.2 Geographic comparison
Exhibit 33: Geographic comparison
7.3 APAC - Market size and forecast 2021-2026
Exhibit 34: APAC - Market size and forecast 2021-2026 ($ million)
Exhibit 35: APAC - Year-over-year growth 2021-2026 (%)
7.4 North America - Market size and forecast 2021-2026
Exhibit 36: North America - Market size and forecast 2021-2026 ($ million)
Exhibit 37: North America - Year-over-year growth 2021-2026 (%)
7.5 South America - Market size and forecast 2021-2026
Exhibit 38: South America - Market size and forecast 2021-2026 ($ million)
Exhibit 39: South America - Year-over-year growth 2021-2026 (%)
7.6 Europe- Market size and forecast 2021-2026
Exhibit 40: Europe - Market size and forecast 2021-2026 ($ million)
Exhibit 41: Europe - Year-over-year growth 2021-2026 (%)
7.7 MEA - Market size and forecast 2021-2026
Exhibit 42: MEA - Market size and forecast 2021-2065 ($ million)
Exhibit 43: MEA- Year-over-year growth 2021-2026 (%)
7.8 Key leading countries
Exhibit 44: Key leading countries
7.9 Market opportunity by geography
Exhibit 45: Market opportunity by geography ($ million)
8. Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Growing demand for limonene in the cosmetics industry
8.1.2 Increase in demand from pharmaceutical industry
8.1.3 Increasing application from automobile industry
8.2 Market challenges
8.2.1 Fluctuation in the availability of raw materials
8.2.2 Adverse climatic conditions affecting fruits production
8.2.3 Increased chances of food contamination
Exhibit 46: Impact of drivers and challenges
8.3 Market trends
8.3.1 Rising adoption as a solvent in the paint industry
8.3.2 Rising demand for smart agricultural practices
8.3.3 Government initiatives to increase agriculture production
9. Vendor Landscape
9.1 Overview
Exhibit 47: Vendor landscape
9.2 Landscape disruption
Exhibit 48: Landscape disruption
Exhibit 49: Industry Risk
10. Vendor Analysis
10.1 Vendors covered
Exhibit 50: Vendors covered
10.2 Market positioning of vendors
Exhibit 51: Market positioning of vendors?
10.3 Astrra Chemicals Pvt. Ltd.
Exhibit 52: Astrra Chemicals Pvt. Ltd. - Overview
Exhibit 53: Astrra Chemicals Pvt. Ltd. - Product and service
Exhibit 54: Astrra Chemicals Pvt. Ltd. - Key offerings
10.4 Banner Chemicals Ltd
Exhibit 55: Banner Chemicals Ltd - Overview
Exhibit 56: Banner Chemicals Ltd - Product and service
Exhibit 57: Banner Chemicals Ltd - Key offerings
10.5 Citrosuco
Exhibit 58: Citrosuco - Overview
Exhibit 59: Citrosuco - Product and service
Exhibit 60: Citrosuco - Key offerings
10.6 Citrus Oleo
Exhibit 61: Citrus Oleo - Overview
Exhibit 62: Citrus Oleo - Product and service
Exhibit 63: Citrus Oleo - Key offerings
10.7 Ernesto Ventos SA
Exhibit 64: Ernesto Ventos SA - Overview
Exhibit 65: Ernesto Ventos SA - Product and service
Exhibit 66: Ernesto Ventos SA - Key offerings
10.8 Florida Chemical Co.
Exhibit 67: Florida Chemical Co. - Overview
Exhibit 68: Florida Chemical Co. - Product and service
Exhibit 69: Florida Chemical Co. - Key offerings
10.9 Mentha and Allied Products Pvt. Ltd.
Exhibit 70: Mentha and Allied Products Pvt. Ltd. - Overview
Exhibit 71: Mentha and Allied Products Pvt. Ltd. - Product and service
Exhibit 72: Mentha and Allied Products Pvt. Ltd. - Key offerings
10.10 Recochem Inc.
Exhibit 73: Recochem Inc. - Overview
Exhibit 74: Recochem Inc. - Product and service
Exhibit 75: Recochem Inc. - Key offerings
10.11 Shree Bankey Behari Lal Aromatics
Exhibit 76: Shree Bankey Behari Lal Aromatics - Overview
Exhibit 77: Shree Bankey Behari Lal Aromatics - Product and service
Exhibit 78: Shree Bankey Behari Lal Aromatics - Key offerings
10.12 Sucorrico SA
Exhibit 79: Sucorrico SA - Overview
Exhibit 80: Sucorrico SA - Product and service
Exhibit 81: Sucorrico SA - Key offerings
11. Appendix
11.1 Scope of the report
11.1.1 Market definition
11.1.2 Objectives
11.1.3 Notes and caveats
11.2 Currency conversion rates for US$
Exhibit 82: Currency conversion rates for US$?
11.3 Research Methodology
Exhibit 83:Research Methodology
Exhibit 84: Validation techniques employed for market sizing?
Exhibit 85: Information sources
11.4 List of abbreviations
Exhibit 86: List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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