Limonene Market Analysis, Trends and Future Outlook Report, 2025

Posted by Marsh William on March 26th, 2019

The global Limonene Market is expected to reach USD 353.1 million by 2025, growing at a CAGR of 4.6% from 2017 to 2025. The growth is attributed to the growing demand of limonene from food & beverage and personal care industry. Growing demand for food additives and natural cosmetics is expected to have a positive impact on the market. Application of limonene as a functional ingredient in the formulation of various cosmetics and fragrances is expected to grow in the near future.

Food & Beverage market is a key end-use application industry for limonene which is expected to foresee growth at a CAGR of more than 4.0% from 2017 to 2025. The growth is attributed to the increasing consumption of food additives in the form of as flavoring agents, sweeteners, enzymes, emulsifiers, colorants, fat replacers and shelf-life stabilizers.

Limonene adds flavor, color, and taste to food products besides imparting nutritional content. Demand is also expected from personal care products and pharmaceutical industry, where limonene is used in a variety of products ranging from bath products, aftershave lotions, hair care products, perfumes and colognes to medicines used for weight loss and bronchitis.

The global demand for limonene in the pharmaceutical segment was estimated at over USD 64.0 million in 2017. The growth is attributed to its medicinal properties due to which it is used as an ingredient in various medicines used for treating cancer and bronchitis. It is also used in medical creams and ointments penetrable into the skin.

In the industrial sector, limonene is used as an industrial cleaner as it has an affinity for petroleum-based greases. It is also being used as an alternative for solvents such as methyl ethyl ketone (MEK) and xylene (dimethylbenzene).

Regulatory policies play a vital role in shaping the development in limonene market. For instance, the rising concerns towards reducing greenhouse gas (GHG) emissions spurred the European Commission and EPA to frame regulations advocating the production as well as consumption of naturally derived ingredients. As a result, food & beverage manufacturers are pursuing efforts to fortify naturally derived additives in their offerings and reduce the reliance on synthetic ingredients.

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