South America limonene market

The South America limonene market is valued at USD 61.44 Mn in 2019 and is estimated to grow at a CAGR of 4.12% over the forecast period to reach USD XX Mn by 2027

In 2018, Brazil accounted for 58.54% market share in the South America limonene market and is expected to grow at a CAGR of 4.26% during the forecast period. Limonene is known for its nutritional value and is effective in reducing cholesterol level and weight, which are among the properties that have added to its demand from the pharmaceutical sector in the region.  It is also used in household detergents and air fresheners, maintenance cleaner for concrete pads, parking complexes, and airport runways. In 2018, food and beverage application is one of the major segments and is expected to grow at a CAGR of more than 4.0% during the forecast period. The growth is attributed to the increased consumption of citrus juices particularly lemonade that has 10 to 20 times more limonene content as compared to commercial orange juices. It is also used as a functional ingredient in ice creams, sweets, baked goods, and puddings. Its increasing popularity as a product having nutritional value and health benefits is expected to drive the market in the future. Limonene is also consumed for reducing cholesterol level and lowering the blood pressure. Therefore, due to aforementioned factors, the Limonene market in South America is expected to grow at a significant rate during the forecast period.

Countries such as Brazil, Argentina, Chile are leading the South America market with increasing awareness among the general population about benefits of D-Limonene and limonene products, rising personal disposable income, and significant investment by leading industry players considering potential growth opportunities in the region. Brazil has the largest production of fresh oranges and also processes more oranges than any other country making it the largest producer of orange oil and d-limonene (orange terpenes) in the world. Harvesting can be almost 12 months of the year due to the widespread distribution of plantations, however it is unusual for any significant production during February – April.  Brazilian oranges make up for around 34% of the world market, i.e., ~17 million tons from a global estimate of ~50 million tons of fresh fruit. The Brazilian state of São Paulo contributes around more than 75% of the country’s production figures. Market vendors have played an important role through their marketing and promotional strategies which has fueled the growth in the South America limonene market.

For instance, Sucorrico is one of the major vendors in Brazil. It is located in the state of São Paulo (Brazil), the company produces Frozen Concentrated Orange Juice (FCOJ) with excellent quality and orange byproducts like essential oils, aromas, D-limonene and Citrus Pulp Pellets.

In Brazil, D'Limonene has been used as a natural solvent for the cleaning and paint industry, in the manufacture of polyterpene resins, in the synthesis of aroma flavors and other valuable compounds. D-Limonene is recovered during the evaporation process of the Pressed Peel Liqueur,. This product is considered one of the purest sources of monocyclic terpene.

Brazil is the fourth-largest beauty market in the world, after the US, China, and Japan. According to ABIHPEC, in 2015, the Brazilian beauty industry exported US$98 million worth of products to 134 countries; imports amounted to US$ XX billion. Argentina is Brazil’s biggest trading partner, followed by the US and France. The country accounts for 9.4% of the global market, according to ABIHPEC, and the beauty industry accounts  for 1.8% of Brazil’s GDP. Brazil is the number one consumer of deodorant, fragrances and sun protection in the world.

As limonene is widely used in personal care and beauty products. Growing beauty and personal care industry in the region will grow significantly during the forecast period due to rising disposable income, internet penetration, and awareness about natural products. Therefore, this will further fuel growth in the region's limonene market.

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