FELTON, California, November 12, 2018
FELTON, California, November 12, 2018 /PRNewswire/ --
The Global 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.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in chemical industry, increase in the import & export activities in the region, and existence of prominent industry players.
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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