Lemon Essential Oil has always been a staple go-to product. It is a highly functional and multi-purpose Essential Oil. Over the summer months, the market has experienced a notable oversupply (when compared to demand) – therefore, we’ve seen a marked drop in prices for Lemon Essential Oil. However, with the approach of the colder months, as well as the current international health crisis, market predictions imply that the demand, and thus supply prices, are about to rise drastically.
Why the Rise?
- Autumn and Winter sees the drop in temperatures and the rise in colds and flu risks. Lemon Essential Oil is a product widely used as an ingredient in cold and flu medications, both for home remedies and in the health industry.
- Lemon Essential Oil is well known for its anti-bacterial and anti-septic qualities. With the increase of reported cases of the Corona Virus there has also been an increase in health and safety awareness. This is particularly true with regards to hygiene and cleanliness protocols. Lemon Essential Oil is a super ingredient in home cleaning products, as well as in anti-bacterial and anti-sceptic hand and body soaps.
Predicted Market Growth Rates
According to Market Reports World, as summarised by Market Watch; in December 2019 it was predicted that the global Lemon Essential Oil market will be valued at USD 256.79 by the end of 2023. This value predicted a growing at a CAGR of 7% over the three-year period.
It is important to note that this prediction was made before the occurrence of the global health crises. Therefore, current predictions indicate that the market growth will be substantially larger with a more rapid increase rate.
Established in 1983, the Clive Teubes Group has been producing, distributing and exporting superior quality products to both local and international markets for more than three decades. Based in Johannesburg, South Africa, its offerings include: Esters, Essential Oils, Natural Extracts, Citrus Oils, Flavours & Fragrances, Indigenous Oils, Exotic Oils, Special Extracts, and Aromatics. For more information please request a product brochure from deliwe@teubes.com or visit www.teubes.com.