D-limonene is a chief constituent in numerous citrus oils such as grapefruit, mandarin, orange, and lemon. It is a pleasant lemon like aroma commonly used as terpene. It is an isomer of limonene used as a chemical. D-limonene has a wide application in air care and furnishing products, cleaning products for electric and electronic items, personal care products, etc. due to its pleasant aroma. It is also used as a food additive as a flavouring agent. Therefore the compound is experiencing wide demand in the food and beverages segment across the globe.
Global D-limonene Market: Dynamics, Segmentation and Key players;
The demand for D-limonene is growing at a rapid rate over the forecast period attributed to relatively high demand for the compound in products used on a daily basis such as creams, lotions, perfumes, soaps, etc. The global D-limonene market is expected to grow at a significant growth rate, attributed to increasing application of the compound in food and personal care industry. The market in North America is expected to register a relatively high growth rate over the forecast period followed by Asia Pacific.
The major factors driving the growth of the global D-limonene market include growing industries such as food and beverages, pharmaceuticals, personal care, electronics and electrical, etc. Other applications such as furnishing products, air care products, and cleaning products are anticipated to enhance the growth of the global d-limonene market. High use of D-limonene for reducing the risk of potential pollutants as an alternative to chlorofluorocarbons (CFC) and ozone-depleting chemicals is also an important factor fuelling the growth of the compound across the globe.
Companies manufacturing D-limonene products can leverage potential opportunities in regions such as North America, Europe, and Asia Pacific, attributed to rapidly growing demand for personal care and food products, and the trend is expected to continue over the forecast period.
The global D-limonene market is segmented on the basis of end-use, source, and region. Among the end-use segments, personal care products segment contribute for significant value share over the forecast period in global D-limonene market owing to high demand for the compound in daily used products such as creams, lotions, perfumes, soaps, etc. Food products segment is followed by personal care products segment, owing to the significant growth of food additives across the globe over the forecast period. On the basis of source type segmentation, orange segment accounts for a relatively high share in the global D-limonene market over the forecast period, attributed to the comparatively high content of D-limonene in the orange.
Based on the end-use, the global D-limonene market is segmented into:Personal Care Products,Food Products,Furnishing Care Products,Electrical and Electronic Devices Cleaning Products,Air Care Products,Others (Dishwashing, Laundry, etc.);Based on the source, the global D-limonene market is segmented into:Orange,Lemon,Grapefruit,Mandarin. On the basis of geography, the global D-limonene market is fragmented into seven regions namely, North America, Western Europe, Asia Pacific except Japan (APEJ), Eastern Europe, Latin America, the Middle East & Africa and Japan. Among the regions, North America dominates the global D-limonene market in terms of revenue contribution owing to the relatively high demand for D-limonene from the personal care industry.
North America is followed by Asia-Pacific, attributed to growing personal care and food and beverages industry particularly in the countries such as China and India. Eastern Europe and Japan account for a relatively low-value share in the global D-limonene market. Latin America and Middle East & Africa are expected to represent a moderate opportunity in the global D-limonene market, owing to the moderate economic as well as industrial growth in the region. Overall, the outlook for the global D-limonene market is positive over the forecast period.
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Some of the players in the global D-limonene market include Florida Chemical Company, Bramha Scientific, Aredale Chemical Company Limited, Norkem Group, Shamrock Chemicals, A. B. Enterprises, Aroma Aromatics & Flavours, Mentha & Allied Products Pvt. Ltd., Banner Chemicals Limited, Parchem fine & specialty chemicals, Seidler Chemical Co, Inc., Scandinavian Formulas, Inc., Univar Inc., and FBC Chemical Corporation.