The origin of lime goes back to Southeast Asia. But, due to its notable dietary, medicinal, and cosmetic benefits, lime and related citrus fruits have quickly expanded across the globe. They are now a staple in various cultures globally. The essential oil derived from the peels of lime and other citrus fruits is gaining tremendous traction across various industries. This oil is extracted through the process of steam distillation or cold compression. Lime is also used as a storing favouring agent in several FB products. In addition, lime is also used medicinally across the globe. This is primarily due to its antiseptic, antibacterial, astringent, and antiviral properties. Moreover, lime is also a great source of antioxidants and vitamin C along with other nutrients. All these positive factors are supporting the growth of the global lime oil market across the globe.
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Flourishing Personal Care Industry to Sustain Lime Oil Market Expansion
Widespread availability and cultivation of lime are indirectly benefitting the growth of the global lime oil market. The consumer base for lime oil-derived products is developing due to growing awareness about the oil’s medicinal and personal care benefits. Changing consumer lifestyles and high leisure and relaxation expenditure is creating a solid foundation for spa and massage businesses which use lime oil products. The growing usage of lime oil in the cosmetics industry is also exhibiting positive market trends. The demand for lime is increasing particularly in several developed and developing economies across the globe. The collective force of these factors is elevating the growth of the global lime oil market.
Growing Adoption of Orange Oil to Create Novel Business Possibilities
Lime oil is derived from the peels of citrus fruits such as lime, lemons, oranges and tangerine. With paced demand for lime oil products from personal care, cosmetics, and other related industries, the demand for orange oil is growing. The products are gaining traction among customers within the cosmetics and skincare industries. Properties such as skin rejuvenation are expected to sustain the demand for orange oil. Moreover, these products also have antibacterial and anti-inflammatory characteristics. In addition, orange oil is found to be effective in boosting blood circulation, vitamin C absorption, and collagen formation. Against this backdrop, the global lime oil market is expected to grow in the forecast period.
North America to Lead Amidst Soaring Demand for Cosmetics and Food Products
The high diversity and availability of products and the thriving cosmetics market are cementing North America as the leading lime oil market region. The awareness among the customers for personal care and healthcare is also high in the region. Major regional economies such as USA and Canada are some of the biggest cosmetics and personal care markets in the world. They boast some of the highest per capita expenditures on such products. Meanwhile, Asia Pacific is expected to showcase the highest compounded annual growth in revenue due to high demand from the cosmetic and food industries.
Major Market Players
Some of the key players in the global lime oil market include Plant Therapy Essential Oils, Young Living Essential Oils, Moksha Lifestyle Products Farotti Essenze, TERRA Holdings, LLC, and Mountain Rose Herbs.
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