About Limonene
Limonene is a colorless to pale yellow liquid generally found in peels of citrus fruits. It is used in treating obesity, cancer, and bronchitis. Limonene is used as a flavor in foods, drinks, and chewing gum among other products. It is used in pharmaceuticals to assist medical ointments and lotions penetrate the skin. Limonene is used in the manufacture of home cleaning goods, cosmetics, and personal hygiene items as a fragrance, and ingredient. The Asia Pacific is the largest market for limonene due to its large population.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.06% |
Players in this market are small to medium companies. The market is fairly segmented and does not have any leaders. Local companies dominate in this market. As the largest chunk of this market is the B2B segment; signing long-term supply contracts with customers could be a good strategy to get a reliable source of revenue. Cost-effectiveness is key in this market. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Limonene market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Debye Scientific Co., Ltd (China), Yick-Vic Chemicals & Pharmaceuticals (China), Sigma-Aldrich (China), Hangzhou Yuhao Chemical Technology Co., Ltd (China), TCI (Japan), Parchem (United States), Biosynth Carbosynth (Switzerland), BioCrick (China), Mcule (Hungary) and abcr GmbH (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Limonene market by , Application (Pharmaceuticals Industry, Food Additives, Daily Chemicals Products, Chemical Industry and Others) and Region.
On the basis of geography, the market of Limonene has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Limonene market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade, the sub-segment i.e. Food Grade will boost the Limonene market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Oranges will boost the Limonene market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Consumption Of Limonene for Fragrance Is Becoming Popular
Market Growth Drivers:
Consumption Of Limonene in Food Products and Need Of Limonene in Manufacture of Medicines
Challenges:
Lack Of Research on Limonene’s Role in Cancer Treatment and A large Number of Manufacturers of Limonene
Restraints:
Availability Of Alternatives to Limonene
Opportunities:
Growing Adoption of Limonene Is Cosmetics the Opportunity for Manufacturers, Increasing Preference and Increasing Consumption of Packaged Food Products Will Boost the Demand of Limonene
Market Leaders and their expansionary development strategies
In November 2023, HUL is piloting the production of synthetic soda ash – a key ingredient in laundry powder – with a near-zero greenhouse gas footprint. If proved at scale, this innovation could help unlock faster emissions reductions in our supply chain.
In July 2021, JBT’s READYGo d-LIMONENE Recovery System is the most efficient solution on the market for sourcing the essential oil, extracting between 92-97% of d-Limonene – the active terpene compound which makes up around 95% of the chemical composition of essential citrus oils – from peel.
According to FDA guidelines on manufacturing of pharma ingredients, “Each manufacturer should establish, document, and implement an effective system for managing quality that involves the active participation of management and appropriate manufacturing personnel. The system for managing quality should encompass the organizational structure, procedures, processes, and resources, as well as activities to ensure confidence that the API will meet its intended specifications for quality and purity. All quality-related activities should be defined and documented.”
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Limonene Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.