Lemon Balm Extract Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Lemon balm is also known as Melissa officinalis and is considered to have a calming effect. Lemon balm is used for anxiety, indigestion (dyspepsia), dementia, stress, insomnia, Alzheimer's disease, and many other conditions; however, there is no good scientific evidence to support many of these uses. It is now often combined with other calming, soothing herbs, including valerian, chamomile, and hops, to promote relaxation. It is also utilized in creams to treat cold sores.
MARKET DYNAMICS
The lemon balm extract market has witnessed a significant growth owing to factors such as growing demand from health-conscious consumers globally. Various forms of lemon balm, such as liquid, powder, capsule, and cream, are on-demand by manufacturers of end-use products. Lemon balm, with its lemon-like flavor, is used in a culinary dish as an additive. It has been utilized to sweeten jam, jellies including as a flavoring for various fish & poultry dishes and liqueurs. Further, lemon balm is used for making perfumes, cosmetics, and furniture polish manufacturing. This extract is gaining significant acceptance for the patients suffering from anxiety due to its herbal nature and increasing consumer's trust in herbal medicines. This is anticipated to fuel the market growth of lemon balm extract during the forecast period. Increasing acceptance of herbal extracts in developed countries such as America and Western Europe attributed to its popularity as safe to use products is driving the herbal extract market and, in turn, fueling the growth of lemon balm extract. However, climatic changes may hamper the cultivation of lemon trees, which may hamper the growth of the lemon balm extract market. Also, various food regulations by the government can also restrain market growth. Nevertheless, with the rapid growth in the food processing industry and agriculture industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Lemon Balm Extract Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the lemon balm extract market with detailed market segmentation by type, distribution channel, and geography. The global lemon balm extract market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading lemon balm extract market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global lemon balm extract market is segmented on the basis of type, and distribution channel. The lemon balm extract market on the basis of the type is classified into capsules, cream, liquid, and powder. On the basis of distribution channel, global lemon balm extract market is bifurcated into specialty stores, online stores, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global lemon balm extract market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The lemon balm extract market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the lemon balm extract market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the lemon balm extract market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global lemon balm extract market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The lemon balm extract market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the lemon balm extract market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the lemon balm extract market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global lemon balm extract market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from lemon balm extract market are anticipated to lucrative growth opportunities in the future with the rising demand for lemon balm extract in the global market. Below mentioned is the list of few companies engaged in the lemon balm extract market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the lemon balm extract market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Foodchem International Corporation
- Jiaherb Inc
- Martin Bauer GmbH & Co. KG
- Nexira Inc
- Productos Quimicos Gonmisol SA
- Xi'an Hao-Xuan Bio-Tech
- Others
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
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Segment Covered
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Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
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Country Scope
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1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Lemon Balm Extract Market - By Type
1.3.2 Lemon Balm Extract Market - By Distribution Channel
1.3.3 Lemon Balm Extract Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LEMON BALM EXTRACT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. LEMON BALM EXTRACT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. LEMON BALM EXTRACT MARKET - GLOBAL MARKET ANALYSIS
6.1. LEMON BALM EXTRACT - GLOBAL MARKET OVERVIEW
6.2. LEMON BALM EXTRACT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. LEMON BALM EXTRACT MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. CAPSULES
7.3.1. Overview
7.3.2. Capsules Market Forecast and Analysis
7.4. CREAM
7.4.1. Overview
7.4.2. Cream Market Forecast and Analysis
7.5. LIQUID
7.5.1. Overview
7.5.2. Liquid Market Forecast and Analysis
7.6. POWDER
7.6.1. Overview
7.6.2. Powder Market Forecast and Analysis
8. LEMON BALM EXTRACT MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SPECIALTY STORES
8.3.1. Overview
8.3.2. Specialty Stores Market Forecast and Analysis
8.4. ONLINE STORES
8.4.1. Overview
8.4.2. Online Stores Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. LEMON BALM EXTRACT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Lemon Balm Extract Market Overview
9.1.2 North America Lemon Balm Extract Market Forecasts and Analysis
9.1.3 North America Lemon Balm Extract Market Forecasts and Analysis - By Type
9.1.4 North America Lemon Balm Extract Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Lemon Balm Extract Market Forecasts and Analysis - By Countries
9.1.5.1 United States Lemon Balm Extract Market
9.1.5.1.1 United States Lemon Balm Extract Market by Type
9.1.5.1.2 United States Lemon Balm Extract Market by Distribution Channel
9.1.5.2 Canada Lemon Balm Extract Market
9.1.5.2.1 Canada Lemon Balm Extract Market by Type
9.1.5.2.2 Canada Lemon Balm Extract Market by Distribution Channel
9.1.5.3 Mexico Lemon Balm Extract Market
9.1.5.3.1 Mexico Lemon Balm Extract Market by Type
9.1.5.3.2 Mexico Lemon Balm Extract Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Lemon Balm Extract Market Overview
9.2.2 Europe Lemon Balm Extract Market Forecasts and Analysis
9.2.3 Europe Lemon Balm Extract Market Forecasts and Analysis - By Type
9.2.4 Europe Lemon Balm Extract Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Lemon Balm Extract Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Lemon Balm Extract Market
9.2.5.1.1 Germany Lemon Balm Extract Market by Type
9.2.5.1.2 Germany Lemon Balm Extract Market by Distribution Channel
9.2.5.2 France Lemon Balm Extract Market
9.2.5.2.1 France Lemon Balm Extract Market by Type
9.2.5.2.2 France Lemon Balm Extract Market by Distribution Channel
9.2.5.3 Italy Lemon Balm Extract Market
9.2.5.3.1 Italy Lemon Balm Extract Market by Type
9.2.5.3.2 Italy Lemon Balm Extract Market by Distribution Channel
9.2.5.4 United Kingdom Lemon Balm Extract Market
9.2.5.4.1 United Kingdom Lemon Balm Extract Market by Type
9.2.5.4.2 United Kingdom Lemon Balm Extract Market by Distribution Channel
9.2.5.5 Russia Lemon Balm Extract Market
9.2.5.5.1 Russia Lemon Balm Extract Market by Type
9.2.5.5.2 Russia Lemon Balm Extract Market by Distribution Channel
9.2.5.6 Rest of Europe Lemon Balm Extract Market
9.2.5.6.1 Rest of Europe Lemon Balm Extract Market by Type
9.2.5.6.2 Rest of Europe Lemon Balm Extract Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Lemon Balm Extract Market Overview
9.3.2 Asia-Pacific Lemon Balm Extract Market Forecasts and Analysis
9.3.3 Asia-Pacific Lemon Balm Extract Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Lemon Balm Extract Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Lemon Balm Extract Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Lemon Balm Extract Market
9.3.5.1.1 Australia Lemon Balm Extract Market by Type
9.3.5.1.2 Australia Lemon Balm Extract Market by Distribution Channel
9.3.5.2 China Lemon Balm Extract Market
9.3.5.2.1 China Lemon Balm Extract Market by Type
9.3.5.2.2 China Lemon Balm Extract Market by Distribution Channel
9.3.5.3 India Lemon Balm Extract Market
9.3.5.3.1 India Lemon Balm Extract Market by Type
9.3.5.3.2 India Lemon Balm Extract Market by Distribution Channel
9.3.5.4 Japan Lemon Balm Extract Market
9.3.5.4.1 Japan Lemon Balm Extract Market by Type
9.3.5.4.2 Japan Lemon Balm Extract Market by Distribution Channel
9.3.5.5 South Korea Lemon Balm Extract Market
9.3.5.5.1 South Korea Lemon Balm Extract Market by Type
9.3.5.5.2 South Korea Lemon Balm Extract Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Lemon Balm Extract Market
9.3.5.6.1 Rest of Asia-Pacific Lemon Balm Extract Market by Type
9.3.5.6.2 Rest of Asia-Pacific Lemon Balm Extract Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Lemon Balm Extract Market Overview
9.4.2 Middle East and Africa Lemon Balm Extract Market Forecasts and Analysis
9.4.3 Middle East and Africa Lemon Balm Extract Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Lemon Balm Extract Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Lemon Balm Extract Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Lemon Balm Extract Market
9.4.5.1.1 South Africa Lemon Balm Extract Market by Type
9.4.5.1.2 South Africa Lemon Balm Extract Market by Distribution Channel
9.4.5.2 Saudi Arabia Lemon Balm Extract Market
9.4.5.2.1 Saudi Arabia Lemon Balm Extract Market by Type
9.4.5.2.2 Saudi Arabia Lemon Balm Extract Market by Distribution Channel
9.4.5.3 U.A.E Lemon Balm Extract Market
9.4.5.3.1 U.A.E Lemon Balm Extract Market by Type
9.4.5.3.2 U.A.E Lemon Balm Extract Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Lemon Balm Extract Market
9.4.5.4.1 Rest of Middle East and Africa Lemon Balm Extract Market by Type
9.4.5.4.2 Rest of Middle East and Africa Lemon Balm Extract Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Lemon Balm Extract Market Overview
9.5.2 South and Central America Lemon Balm Extract Market Forecasts and Analysis
9.5.3 South and Central America Lemon Balm Extract Market Forecasts and Analysis - By Type
9.5.4 South and Central America Lemon Balm Extract Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Lemon Balm Extract Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Lemon Balm Extract Market
9.5.5.1.1 Brazil Lemon Balm Extract Market by Type
9.5.5.1.2 Brazil Lemon Balm Extract Market by Distribution Channel
9.5.5.2 Argentina Lemon Balm Extract Market
9.5.5.2.1 Argentina Lemon Balm Extract Market by Type
9.5.5.2.2 Argentina Lemon Balm Extract Market by Distribution Channel
9.5.5.3 Rest of South and Central America Lemon Balm Extract Market
9.5.5.3.1 Rest of South and Central America Lemon Balm Extract Market by Type
9.5.5.3.2 Rest of South and Central America Lemon Balm Extract Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. LEMON BALM EXTRACT MARKET, KEY COMPANY PROFILES
11.1. FOODCHEM INTERNATIONAL CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. JIAHERB INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. MARTIN BAUER GMBH AND CO. KG.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. NEXIRA INC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. PRODUCTOS QUIMICOS GONMISOL SA
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. XI'AN HAO-XUAN BIO-TECH
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. OTHERS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Foodchem International Corporation
2. Jiaherb Inc.
3. Martin Bauer GmbH and Co. KG.
4. Nexira Inc
5. Productos Quimicos Gonmisol SA
6. Xi'an Hao-Xuan Bio-Tech
7. Others
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.