Natural medicines are favored, lemongrass oil market is improving
The market research report released by the Indian market research company Profshare Market Research shows that the lemongrass oil market will continue to grow at a compound annual growth rate of 6% from 2019 to 2027, and is expected to reach $ 42113 million by 2027.
During the forecast period, the Asia-Pacific market has the highest compound annual growth rate. Europe and Latin America accounted for the highest market share in 2018. Increased market demand in the medical and food industries has driven the expansion of the lemongrass oil market. At the same time, new plants built in Africa and South America will help market penetration of lemongrass oil in these regions.
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