NEW YORK , Aug. 6, 2024 /PRNewswire/ -- The global lime oil market size is estimated to grow by USD 370.2 million from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 10.03% during the forecast period. Rising use of lime oil in different sectors is driving market growth, with a trend towards increasing prominence of private-label brands.
However, distribution challenges poses a challenge. Key market players include Aromaaz International, CIFAL HERBAL Pvt. Ltd.
, CITRICOS VEGA HERMANOS S.A. DE C.
V., Citrojugo, Citrolim S.A.
De C.V., doTERRA International LLC, Givaudan SA, GRUPO TECNAAL, Inovia International Ltd.
, Lionel Hitchen Ltd., Natures Natural India, Penny Price Aromatherapy Ltd., Phoenix Aromas and Essential Oils LLC, Plant Therapy, SpringThyme Oils Ltd.
, Statfold Seed Oils LTD., The Lebermuth Co. Inc.
, Ultra International Ltd., VedaOils, and Young Living Essential Oils LC. Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report Market Driver Retailers worldwide are expanding their private-label offerings, particularly in the organic edible oils segment, which includes lime oil.
Major retailers, such as Alibaba, are entering this market by introducing their brands, capitalizing on the rising consumer preference for organic products. Private-label products are cost-effective alternatives to branded ones, making them popular among price-sensitive consumers. Supermarkets are inc.