Global Tangerine Essential Oil Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
Global Tangerine Essential Oil Market: Overview
“The global Tangerine essential oil Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Tangerine essential oil is a type of citrus essential oil family has incredible benefits such as purifies blood, repairs cell damage, prevents sepsis infection, boost immune system, remove toxic substance from body, and gives relief from spasms.
This oil is extracted from peel of a tangerine fruit by expeller or cold pressing process. In addition, it improves circulation of blood and phlegm, eases constipation, boosts digestion, and treats diarrhea, dryness, flatulence, and help to treat dandruff.
It is added as an ingredient in small quantity as if some drops in cakes, cookies, or scone recipes to enjoy sweet and exciting flavor.
Global Tangerine Essential Oil Market: Dynamics
Increasing demand for essential oils, increasing health awareness among individuals and growing use of aromatherapy are major factors driving growth of the global market.
In addition, adoption of tangerine essential oil in flavourful beverages is another factor expected to support growth of the target market. It is used in skin treatments and beauty products to getting rid of acne and pimples, reducing blemishes, treating dry skin problems, and increasing demand for aromatic products for homes are some of the other factors is expected to boost growth of the global market in the near future.
Growing demand for natural and organic and products coupled with increasing consumer preference towards natural products instead of chemical products across the globe are other factors expected to support growth of the global market.
However, high cost of products and decreasing oil imports from regions are some factors projected to affect growth of tangerine essential oil to certain extend.
Global Tangerine Essential Oil Market: Segment Analysis
Among the nature segment, the organic segment is expected to register significant revenue growth in global market, due to shifting consumer preference towards organic products.
Among the application segments, the food & beverages segment is expected to account for highest revenue share in the global market.
Global Tangerine Essential Oil Market: Regional Analysis
The Europe tangerine essential oil market is expected to account for major share in terms of revenue contribution in the next 10 years, followed by North America. Increasing demand for tangerine essential oil in food & beverages products, owing to growing preference for natural oil among consumers is a key factor expected to drive growth of the target market in North America.
The market in Asia Pacific is projected to register significant growth rate over the forecast period owing to highest production of tangerine essential oil in countries in the region. Increasing interest of tangerine essential oil in their recipes and food products, and presence of major food manufacturing companies in countries such as India, China, and others are factors anticipated to support revenue growth in the Asia Pacific market.
The market in Latin America is projected to grow at a moderate rate in the target market, followed by Middle East & Africa market.
Global Tangerine Essential Oil Market Segmentation:
Segmentation by nature:
Segmentation by end user:
- Food & Beverages
- Cosmetics & Personal Care
Segmentation by distribution channel:
- Specialty Retail
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- doTERRA International, LLC
- Lionel Hitchen Essential Oils Ltd.
- Citrus and Allied Essences Ltd.
- Young Living Essential Oils LLC
- Mountain Rose Herbs, Inc.
- Takasago International corporation
- Vigon International, Inc.
- Eden Botanicals Inc.
- Frutarom Industries Ltd.
- The Lebermuth Company Inc.
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