D-Limonene Market Size, Share, Industry Forecast and Outlook (2024-2031)

D-Limonene Market is Segmented By Source (Orange, Grapefruit, Mandarin, Lemon, Others), By Grade (Food Grade, Pharmaceutical Grade, Fragrance Grade, Industrial Grade, Others), By End-User (Food & Beverage Processing, Pharmaceuticals, Dietary supplements, Cosmetics, Home Care & Personal Care, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

D-Limonene Market Overview

D-limonene market is estimated to reach at a CAGR of 4.4% within the forecast period (2023-2030).

D-limonene is a terpene found in abundance in nature. It's a key ingredient in several citrus oils (orange, lemon, mandarin, lime, and grapefruit). D-limonene is a flavoring compound generally recognized as safe (GRAS) in the Code of Federal Regulations. It can be found in fruit juices, soft beverages, baked products, ice cream, and pudding.

Rising demand for bio-solvents across various industrial verticals is expected to drive demand opportunities in the global D-limonene market. Furthermore, D-limonene is a very profitable product with several uses in the food processing, fragrance, and pharmaceutical industries, which is a major driver of the D-limonene market's growth. Because it is a biodegradable solvent, D-limonene is expected to benefit from the trend of environmentally friendly solvents for industrial purposes, boosting the market growth.

The U.S. is a major player in the D-limonene market. D–market limonene's share in the U.S. is increasing due to exceptional growth in its use across the country's end-user industries, rising demand for natural components in cosmetics, and a growing preference for biodegradable products.

D-Limonene Market Summary

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D-Limonene Market Dynamics

Growing demand for D-Limonene across various end-user industries.

The market for D-limonene is expected to grow due to the increasing use of the product in various end-user industries such as automotive, aerospace, electronics, chemical and petrochemical, food processing, metal processing, medical industry equipment and power generation, textile and pulp, and paper. 

For instance, D-Limonene is widely used in cosmetics as a nutritional supplement and scent component. As the primary scent of citrus peels. D-Limonene is used as a flavoring to mask the harsh taste of alkaloids in food and medicine, as well as a scent in perfumery, aftershave lotions, bath treatments, and other personal care items. Dumaine is also used as a pesticide in plants. In contrast, limonene has a piny, turpentine-like odor and is used in the organic herbicide "Avenger." It is also added to cleaning goods, such as hand cleansers, to offer a lemon or orange oil and its ability to break down oils.

Furthermore, because it is made from a renewable source, D-limonene is utilized as a solvent for cleaning purposes such as removing from machine parts (citrus oil, as a byproduct of orange juice manufacturers). It's utilized as a paint stripper and a fragrant alternative to turpentine. D-Limonene is also an ingredient in some paints and is used as a solvent in some model airplane glues. Philatelists utilize commercial air fresheners with limonene-based air propellants to remove self-adhesive postage stamps from envelope paper.

Since it is a cholesterol solvent, d-limonene has been used clinically for various applications, such as dissolving cholesterol-containing gallstones. It also relieves heartburn and gastroesophageal reflux due to its gastric acid-neutralizing effect and proper peristalsis (GERD) support. D-limonene has been shown to have chemopreventive properties against a variety of cancers. This wide application range of the product improves the demand and hence creates market growth opportunities in the forecast period.

Health-related side effects associated with limonene are expected to hurdle the market growth for the product. 

Although limonene is safe to ingest, some people may experience nausea and vomiting if they consume more than eight grams daily. The symptoms are only temporary and will go completely once the extra limonene is eliminated from the body. 

For instance, Limonene is available as an essential oil on occasion. Using this essential oil in foods or skin care products is not recommended. Limonene in its purest form can cause skin irritation and inflammation. To avoid this type of sensitivity, essential oils should always be used with caution.

Furthermore, no research hasn't been done on the effects of limonene supplements on pregnant or breastfeeding women. While no evidence that consuming limonene in the amounts found in food causes difficulties, pregnant women should contact their doctor before taking supplements to avoid unintended consequences. Thus the mentioned side effects of the product are more likely to hurdle the product's market growth.

COVID-19 Impact on D-limonene market

The coronavirus (COVID-19) pandemic has been a public health concern since December 2019. COVID-19 was declared a pandemic by the World Health Organization in March 2020, affecting 213 countries and territories worldwide. Several countries, including China, India, France, Spain, Denmark, Italy, Austria, New Zealand, Poland, the UK, and the Czech Republic, have placed harsh economic restrictions. More than a third of the world's population is quarantined during this pandemic. The outbreak has strained various businesses, including hospitals, data centers, communication, and the food supply chain.

D-limonene has also had an impact due to the pandemic out and reduced demand from end-users such as food & beverage processing, pharmaceuticals, dietary supplements, cosmetics, home care & personal care, and others. Furthermore, the ongoing research on the chemical was put on hold for some time due to a global emergency and is expected to affect the potential growth opportunities for the product in the forecast period.

However, the ongoing vaccination drive across the globe has regained momentum for the market growth of D-limonene. It is expected to grow at a significant rate in the future timeline.

D-Limonene Market Segment Analysis

The global D-limonene market is segmented on the source, grade, end-user, and region.

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The global D-Limonene market is segmented into food & beverage processing, pharmaceuticals, dietary supplements, cosmetics, home care & personal care, and others based on end-user. Out of the mentioned end-users, food and beverage are expected to grow fastest in the forecast period.

Limonene is found in various trees and shrubs (including citrus and other fruits), vegetables, meats, and spices. It has a lemon-like flavor and aroma and is used in various dishes, beverages, soaps, and perfumes. Limonene is widely accepted as a safe food addition, flavoring, and fragrance ingredient.

Furthermore, the food processing industry's research and vertical development look at the use of D-limonene in various products that are not already used. For instance, D-function limonene as a crystallizing agent is being investigated in chocolate. These functionalities, however, are not yet industrialized. Still, they open the door for increased applications in the food sector over the projected period, which could greatly boost the D-limonene market's growth.

D-Limonene, a cyclized monoterpene, possesses citrus-like olfactory properties and multi-physiological functions, thus used as a bioactive compound and favored to improve the overall quality of the alcoholic beverage. The U.S. and Europe are among the top regions in the beverage market. The rising use of D-Limonene in beverage production is expected to improve the market share for the product in the forecast period.

For instance, In 2019, 8.4 % of EU citizens aged 15 and up drank alcohol daily, compared to 28.8 % who drink alcohol weekly and 22.8 % who drink alcohol monthly. In contrast, slightly more than a quarter of Europeans (26.2%) have never had an alcoholic drink or have not drunk alcohol at all in the twelve months before the study. Thus rising beverage consumption in the region encourages key players to improve product quality by adding D-limonene.

D-Limonene Market Geographical Share

Growing production of citrus fruits in North America is expected to create huge market growth potential for citrus-based chemicals such as D-limonene

North America has a significant portion of the global limonene market. The U.S. is the world's leading citrus fruit producer. Limonene and its derivatives are included in a wide range of personal care products. In the coming years, the demand for limonene in the region will be fueled by increased demand for natural chemicals in cosmetics and a preference for biodegradable products. 

However, Asia-Pacific is expected to experience strong growth in the forecast period. Furthermore, as customers become more aware of the benefits of limonene, demand for the product is expected to rise over the forecast period.

D-Limonene Market Companies and Competitive Landscape

The global D-limonene market is highly competitive with local and global key players. Key players contributing to the market's growth are Florida Chemical Company and Spectrum Chemical Mfg. Corp, Lemonconcentrate S.L.U, SILVERLINE CHEMICALS LTD, Shree Bankey Behari Lal Aromatics, Merck KGaA, Arora Aromatics Inc, Elevance Renewable Sciences, Inc, Citrus Company of Belize Ltd, Kelvin Natural Mint Pvt. Ltd. and among others. 

The major companies are adopting several growth strategies such as product launches, acquisitions, and collaborations, contributing to the global growth of the D-limonene market.

Konecranes

Overview: Merck KGaA is engaged in providing services and solutions for the research, development, and production of biotechnology and pharmaceutical drug therapies. The company offers a combination of 6 leading Life Science brands: Sigma Aldrich, SAFC, Milli Q, Supelco, Millipore, and BioReliance. After the acquisition of Sigma-Aldrich in 2015, Merck offers a broad portfolio of 300,000 products and an eCommerce platform

Sigma-Aldrich Corporation acquired Cerilliant Corporation Cerilliant in December 2010. Sigma Aldrich offers a combined product portfolio of certified reference materials With Cerilliant, RTC, and Supelco brands. The company also distributes certified reference materials from recognized CRM brands, including IRMM, Paragon Scientific, and Whitehouse Scientific

Product Portfolio: The company has a product portfolio of D-limonene that includes:

DL-Limonene: The product is a mixture of both D and L forms of limonene. The product is classified according to Regulation (EC) No 1272/2008 and Regulation (EC) No 1272/2008. No components in this substance/mixture are persistent, bioaccumulation, and toxic (PBT) or very persistent and very bioaccumulative (vPvB) at concentrations of 0.1 percent or above.