Global Limonene Market Size study & Forecast, by Source (Oranges, Lemons, Mandarin, Others), by Application (Food & Beverages, Pharmaceutical, Cosmetics & Personal Care, Others) and Regional Analysis, 2023-2030

PUBLISHED: July 11, 2023

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Global Limonene Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a growth rate of more than 4.5% over the forecast period 2023-2030. Limonene is one of the most widely utilized terpenes in the world. It is a naturally occurring substance that is safe to use as a flavoring agent to provide a lemony flavor to foods including baked goods, fruit juices, soft drinks, ice cream, chewing gum, candies, and puddings. The U.S. FDA, WHO, FSSAI, and JETRO are the regulatory organizations that include limonene on their list of approved food additives and flavorings for human consumption. Numerous advantageous qualities exist in it including anti-inflammatory, antioxidant, and antibacterial actions. The factors that are expected to drive the growth of limonene in the global market are rising food and beverage industry, growing demand for bio-based solvents and the growing utilization of limonene in Personal Care Industry.

According to Statista, the Food market will generate USD 9.24 trillion in revenue in 2023. The market is expected to expand by 7.25% yearly (CAGR 2023-2028). It is anticipated that the average volume per person in the food market will be 338.00 kg. Furthermore, the growing demand for bio-based solvents or bio solvents or green solvents is playing a significant part in driving the growth of the market. According to Statista, the global market for green solvents will grow from USD 4.2 billion in 2018 to approximately USD 6 billion in 2023. Moreover, the growing awareness for environment-friendly products among consumers and the rising demand for citrus flavors and fragrances will create huge opportunities for Limonene market in the forecast years. However, the fluctuation in the availability of raw materials may hinder the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Limonene Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share due to customer preferences for biodegradable products, rising demand for natural ingredients, rising consumer purchasing power, and increased consumer demand for citrus items in North America, the product is in higher demand. However, Asia Pacific is expected to become the fastest growing during the forecast period, owing to factors such as high demand for limonene and rising consumer awareness.

Major market player included in this report are:

Florida Chemical Company
Lemonconcentrate S.L.U.
Spectrum Chemical
Firmenich International SA
Ernesto Ventos Casadevall
Citrus Oleo
Topfruit Nordeste S/A
Citrosuco
Sucorrico SA
Banner Chemicals Limited

Recent Developments in the Market:

In May 2022, DSM and Firmenich merged under a business combination agreement (the "BCA") to create the top partner in innovation and creation for nutrition, beauty, and well-being ("DSM-Firmenich").
In June 2022, Spectrum Chemical and ANGUS Chemical Company entered into a new distribution agreement to supply specific TRIS buffers and derivatives to the life sciences and biopharmaceuticals markets in the United States and Canada.
In March 2022, Spectrum Chemical, a provider of fine chemicals and lab equipment, launched twelve new products in its bioCERTIFIED product line.

Global Limonene Market Report Scope:

Historical Data: 2020 - 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Source, Application, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Source:

Oranges
Lemons
Mandarins
Others

By Application:

Food & Beverages
Pharmaceutical
Cosmetics & Personal Care
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Limonene Market, by region, 2020-2030 (USD Billion)
- 1.2.2. Limonene Market, by Source, 2020-2030 (USD Billion)
- 1.2.3. Limonene Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

Chapter 2. Global Limonene Market Definition and Scope

2.1. Objective of the Study
2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

Chapter 3. Global Limonene Market Dynamics

3.1. Limonene Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
  - 3.1.1.1. Rising Food & Beverage industry
  - 3.1.1.2. Growing demand for bio-based solvents
  - 3.1.1.3. Growing utilization of Limonene in Personal care Industry
- 3.1.2. Market Challenges
  - 3.1.2.1. Fluctuation in the availability of raw materials
- 3.1.3. Market Opportunities
  - 3.1.3.1. Growing awareness for environment-friendly products
  - 3.1.3.2. Rising Demand for citrus flavours and fragrances

Chapter 4. Global Limonene Market: Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
4.2. Porter's 5 Force Impact Analysis
4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economic
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

Chapter 5. Global Limonene Market, by Source

5.1. Market Snapshot
5.2. Global Limonene Market by Source, Performance - Potential Analysis
5.3. Global Limonene Market Estimates & Forecasts by Source 2020-2030 (USD Billion)
5.4. Limonene Market, Sub Segment Analysis
- 5.4.1. Oranges
- 5.4.2. Lemons
- 5.4.3. Mandarin
- 5.4.4. Others

Chapter 6. Global Limonene Market, by Application

6.1. Market Snapshot
6.2. Global Limonene Market by Application, Performance - Potential Analysis
6.3. Global Limonene Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Limonene Market, Sub Segment Analysis
- 6.4.1. Food & Beverages
- 6.4.2. Pharmaceutical
- 6.4.3. Cosmetics & Personal Care
- 6.4.4. Others

Chapter 7. Global Limonene Market, Regional Analysis

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Limonene Market, Regional Market Snapshot
7.4. North America Limonene Market
- 7.4.1. U.S. Limonene Market
  - 7.4.1.1. Source breakdown estimates & forecasts, 2020-2030
  - 7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Limonene Market
7.5. Europe Limonene Market Snapshot
- 7.5.1. U.K. Limonene Market
- 7.5.2. Germany Limonene Market
- 7.5.3. France Limonene Market
- 7.5.4. Spain Limonene Market
- 7.5.5. Italy Limonene Market
- 7.5.6. Rest of Europe Limonene Market
7.6. Asia-Pacific Limonene Market Snapshot
- 7.6.1. China Limonene Market
- 7.6.2. India Limonene Market
- 7.6.3. Japan Limonene Market
- 7.6.4. Australia Limonene Market
- 7.6.5. South Korea Limonene Market
- 7.6.6. Rest of Asia Pacific Limonene Market
7.7. Latin America Limonene Market Snapshot
- 7.7.1. Brazil Limonene Market
- 7.7.2. Mexico Limonene Market
7.8. Middle East & Africa Limonene Market
- 7.8.1. Saudi Arabia Limonene Market
- 7.8.2. South Africa Limonene Market
- 7.8.3. Rest of Middle East & Africa Limonene Market

Chapter 8. Competitive Intelligence

8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
- 8.3.1. Florida Chemical Company
  - 8.3.1.1. Key Information
  - 8.3.1.2. Overview
  - 8.3.1.3. Financial (Subject to Data Availability)
  - 8.3.1.4. Product Summary
  - 8.3.1.5. Recent Developments
- 8.3.2. Lemonconcentrate S.L.U.
- 8.3.3. Spectrum Chemical
- 8.3.4. Firmenich International SA
- 8.3.5. Ernesto Ventos Casadevall
- 8.3.6. Citrus Oleo
- 8.3.7. Topfruit Nordeste S/A
- 8.3.8. Citrosuco
- 8.3.9. Sucorrico SA
- 8.3.10. Banner Chemicals Limited

Chapter 9. Research Process

9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Limonene Market, report scope
TABLE 2. Global Limonene Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Limonene Market estimates & forecasts by Source 2020-2030 (USD Billion)
TABLE 4. Global Limonene Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Limonene Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Limonene Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Limonene Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Limonene Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Limonene Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Limonene Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Limonene Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Limonene Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Limonene Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Limonene Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Limonene Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Limonene Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Limonene Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Limonene Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Limonene Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Limonene Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Limonene Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Limonene Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Limonene Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Limonene Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Limonene Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Limonene Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Limonene Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Limonene Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Limonene Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Limonene Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Limonene Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Limonene Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Limonene Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Limonene Market
TABLE 70. List of primary sources, used in the study of global Limonene Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered