D-Limonene Market

D-limonene is a widely used flavor ingredient for its pleasant lemon-like smell in food, beverages as well as fragrances.  Popular foods such as fruit juices, soft drinks, baked goods, ice cream, and pudding can be included in this. It is known that D-limonene has relatively small toxicity. The market for D-limonene has grown in recent years, owing to growing demand from the food and beverage market. For instance, According to the Food and Agricultural Organization (FAO) global per capita food consumption is expected to grow by approximately 4% from 2015 to 2030. This is expected to serve as a major boosting factor for limonene based food products. According to the India Brand Equity Foundation, the Indian food industry is primed for tremendous growth, growing its annual contribution to world food trade.

In India, the food sector has emerged as a major-growth & high-profit sector because of its enormous value-added capacity, especially in the food processing industry. The Indian food and grocery industry are the sixth biggest in the country, with retail revenues contributing 70 percent. The Indian food processing industry comprises 32% of the overall food sector in India, one of India's largest sectors, and ranks fifth in terms of production, use, export and projected expansion. This contributes nearly 8.80% and 8.39% of Gross Value Added in Manufacturing and Agriculture respectively, 13% of India's exports and 6% of the overall industrial production.

The Indian gourmet food industry is currently priced at USD 1.3 billion and rises at a 20% annual growth rate. India's demand for organic food is projected to rise three-fold by 2020.As per data given by the Department of Industrial Policies and Promotion (DIPP), during the period April 2000-March 2017, the food processing industry in India generated about USD 7.54 billion worth of Foreign Direct Investment.

The food & beverage market was valued at USD 116.20 million in 2018 and the market is estimated to grow at a CAGR of 4.40% in the forecast period to reach a market value of USD 171.51 million by 2027.

D-Limonene is a common food additive and is present in many foods as it is used as a flavouring agent. It forms naturally in lemons, oranges, limes, pomegranates as well as mandarins; however, it can be present in chewing gum, ice cream, soft drinks, fruit juices, baked goods, baked and others. It is used to have a lemonic flavour in foods such as sodas, sweets, and candies.  Its demand has increased in the Asia Pacific region, owing to the enhanced use of limonene in the food and beverage industry. According to the India Brand Equity Foundation, for instance, the Indian contribution to world food for tremendous growth and rising its annual contribution to global food trade.

The beverage market is strongly in demand in China. For example, China's food and beverage imports have seen strong growth in recent years, according to Latvia's Investment and Development Agency (LIAA), and it has been a major factor in the determination strong growth of China's grocery retail sector. At the end of 2011, China was the world's biggest food and drug retail industry, surpassing the US. China is the fourth biggest food consuming nation in the world.

The EU 's biggest food exporters are France, the Netherlands, Spain, Germany and Denmark, and the cumulative exports of these countries constitute 82% of the overall EU. French wine exports help France become the biggest overall EU exporter of both food and beverages to China, with 35% of the EU overall, more than twice the Netherlands exports, the second-largest exporter. Hence, increasing demand for food and beverage sector will affect the growth of the market.

According to a research study published in the US National Library of Medicine, scientists gave 50-100 mg of D-limonene to rats with ulcerative colitis (UC), a condition in which the large intestine becomes inflamed. The results suggested disease activity and colonic mucosa damage were greatly reduced by the anti-inflammatory effects of D-limonene with increase in antioxidant levels. For instance, According to the Food and Agricultural Organisation, the global production of citrus fruits increased from 144.7 million tons in 2015 to 145.56 million tons in 2016 finally reaching 146.59 million tons in 2017. Rising consumer awareness about these health benefits is one of the primary factors augmenting the market growth in the forecast period.

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