12 February 2019:
Limonene
Market is subject to witness a substantial growth due to the
growing popularity of limonene in the personal care products and cleansers, and
increasing demand for production of dietary supplements. Limonene consists of
anti-oxidant properties, and commonly known as a non-carcinogenic or mutagenic.
These properties makes limonene a better option for dietary supplements and
various nutrients instead of non-organic products.
Additionally, increase in number of domestic applications is
expected to fuel market demand for limonene in the upcoming years. Globally,
the market is predicted to grow at a CAGR of 6.08% in the forecast period,
providing numerous opportunities for market players to invest in research and
development of the limonene market.
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However, volatility in cost of limonene & its variants
is considered as key challenge for market growth. In addition, dependency of
limonene market on agricultural productivity, the weather and other
environmental factors are negatively affecting market growth to a certain
extent. Availability of viable alternatives such as Myralene solvent with lower
costs and similar properties is expected to restrain market as well. Yet,
increase in import and export activities in North America region is expected to
offer lucrative growth opportunities for regional industry players over the
forecast period.
Aggressive marketing by the industry players and numerous
brand improvement efforts by local manufacturers is attracting more consumers
towards D-Limonene and limonene products. Introduction of the different
variants of limonene and numerous health benefits associated with its daily
consummation, coupled with increasing popularity among geriatric population, is
expected to boosting the sales of the limonene products, thus leading to the
growth of the limonene market over the forecast period.
Asia-Pacific region is predicted to hold major market share
in the limonene market with massive growth in forecast period. Countries such
as India, China and Singapore are leading the Asia-Pacific market with
increasing awareness among general population about benefits of D-Limonene and
limonene products, rising personal disposable income, and significant
investment by leading industry players considering potential growth
opportunities in the region.
The key players in the limonene market are Moellhausen
S.p.A., Florida Chemical Company, Inc., Lemon Consentrate S.L., XR-2000, Inc.,
Schepise Chemical Sales, LLC, Orchidia Fragrances Co., Sharp Methanol India
Ltd., Citroflavor Essential Oils Co., Hunter Sales, Inc., EZ clean Co., and
Frutech International Corporation de México S.A.
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Limonene Market by
Geographical Regions:-
•
North America
•
Europe
•
Asia Pacific
•
Middle East and Africa
•
South America
Limonene Market by
Applications:-
•
Pharmaceuticals
•
Food
•
Daily Chemicals
•
Industrial
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