Transparency Market Research (TMR) delivers key updates and insights on the global lemon essential oil market, in its upcoming outlook titled, 'Lemon Essential Oil Market: Global Industry Analysis 2013-2017 and Forecast 2018-2027'. In terms of value, the global lemon essential oil market is estimated to account for a Compound Annual Growth Rate of 5.5% during the forecast period, bound to various market factors, regarding which, TMR offers imperative insights in detail.
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High Propensity for the Aromatherapy Segment in the Lemon Essential Oil Market
On the basis of end use, the aromatherapy segment is expected to maintain its dominance in the lemon essential oil market, with a significant CAGR of 6.5% during the forecast period. The increased demand for therapeutic and aromatic oils such as lemon essential oil across the globe due to the growing preference for harmless, convenient, and natural alternatives to traditional allopathic solutions has contributed to the high compound annual growth rate. Yet another factor for the stupendous growth is that, lemon essential oil is priced much higher than all other products in which lemon essential oil is an ingredient.
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