Lime oil is obtained from Citrus aurantifolia of the Rosacea family. It possess some useful characteristics such as it is antiseptic, antiviral, astringent, aperitif, bactericidal, disinfectant, febrifuge, haemostatic, restorative and tonic in nature. It is useful in restoring energy, increasing hunger and appetite, preventing aging symptoms, fights infections, reduces muscle and joint pain and helps in treating food poisoning and typhoid. Due to its useful properties, lime oil have their application in various industries such as pharmaceuticals, cosmetics, healthcare etc.
Lime Oil Market: Segmentation:
Lime Oil market can be segmented into its source, form, application and distribution channel.
On the basis of source, lime oil market can be segmented into organic as well as conventional. Among the two sources, lime oil in its organic segment is being anticipated to have higher share as compared to its conventional form.
On the basis of form, lime oil market can be segmented into distilled, cold pressed, infused and essence. Lime Oil in each of its form are being used in large scale in various industries mainly due to some of the important properties it possess.
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On the basis of application, lime oil market can be segmented into pharmaceutical industry, food industry, and cosmetic industry. Among these application, lime oil has been used in large scale in pharmaceutical industry mainly due to the numerous health benefit properties that it possess. Lime oil even has the property of curing viral infections caused in the respiratory system. Besides this, lime oil has applications in the food and beverages segment, where it is used to add a sweet flavor to various dishes like chicken. In the world of cosmetics, lime oil is also used to purify the skin and the hair. Adding one or two drops of lime oil to the shampoo or the face cleanser gives benefits to the hair and the skin, which is supporting the cosmetic segment growth in lime oil market.
On the basis of distribution channel, lime oil market can be segmented into direct and indirect distribution. The indirect distribution for lime oil can be further sub segmented into modern trade, convenience store, and e-retailers. Among all these segment e-retailer is expected to represent significant growth in the lime oil market. Increasing internet penetration and rising consumer influence towards online purchasing is expected to drive the segment growth over the forecast period.
Lime Oil Market: Regional Outlook:
Regional segment for the market of lime oil is segmented into five different regions: North America, Latin America, Europe, Asia Pacific including Japan and Middle East & Africa. Europe market is expected to dominate the global lime oil market in terms of revenue, and this trend is projected to sustain throughout the forecast period. Europe lime oil market is the most attractive market. MEA regions have higher global share for cosmetics. Thus in MEA the lime oil have an opportunity to gain in demand and sustain its presence for long term.
Lime Oil Market: Demand Drivers:
Due to the numerous health benefits with lime oil, it has got a surging demand in the market, especially in the European region. The various benefits that lime oil has include being antiseptic and can help in curing infections, and can help in preventing tetanus if the wound is caused by something derived from iron. Due its other critical therapeutic properties, helps lime oil drive its demand in the pharmaceutical industry. In addition, lime oil is widely used as a natural ingredient in cosmetics and food industry which further expected to support lime oil market growth over the forecast period.
Lime Oil Market: Key Players:
Some of the key players in the Lime Oil market are: Statfold Seed Oil Ltd, Inovia International, NHR Organic Oils, Phoenix Aromas & Essential Oils, LLC, SpringThyme Oils Ltd, Penny Price Aromatherapy, Gogia Chemical Industries Pvt. Ltd, Ultra International B.V., Citromax.