Global Tangerine Essential Oil Market: Overview
Tangerine essential oil belongs to the citrus essential oil family, which is extracted from the peel of tangerines. Tangerines are citrus fruits that belong to the Rutaceae family, having a tangy taste and soothing flavor. They are smaller and less rounded as compared to common oranges.
Global Tangerine Essential Oil Market: Growth Factors
Massive use of the product for combating stress-related insomnia and flatulence along with its ability to support the nervous system functionalities will boost the tangerine essential oil market trends. Additionally, the tangerine essential oil is antispasmodic and assists in digestion as well as skin-related problems along with medically & therapeutically impacting immune system. This is likely to result in the surge in revenue of tangerine essential oil market in the years ahead. Enormous popularity of the product in cosmetics, home scents, and pharmaceutical products as a result of its ability to impart vibrant aroma will steer the tangerine essential oil market size.
Increasing health consciousness among the population is pushing up the demand for naturally-sourced essential oils and there is increasing inclination towards aromatherapy. These are the major factors that are driving the growth of the tangerine essential oil market. The burgeoning demand for flavorful beverages is also boosting the growth of the global tangerine essential oil market.
The increasing demand for natural food additives in food products has also been contributing towards the growth of tangerine essential oil market over the past few years.
Global Tangerine Essential Oil Market: Segmentation
The global tangerine essential oil market can be classified into nature type, grade, end user, and distribution channel. Based on the nature type, the market is sectored into Organic and Conventional. On the basis of grade, the tangerine essential oil market is sectored into Food Grade and Industrial Grade. Based on the end user, the market is classified into Food & Beverages, Pharmaceuticals, Aromatherapy, and Cosmetics & Personal Care. On the basis of distribution channel, the market is divided into B2B, Hypermarkets/Supermarkets, Specialty Retail, E-commerce, and Other Retail Formats.
Global Tangerine Essential Oil Market: Regional Analysis
Based on region, the global tangerine essential oil market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific tangerine essential oil market is likely to contribute notably towards the global market share, owing to the rise in demand for metals and ores in the region. Additionally, increase in demand for minerals and metals, particularly in developing countries such as China and India will proliferate the scope of the business in the coming years. Furthermore, rapid establishment of industries and increasing footprint of global players in the region will contribute remarkably towards the regional market growth. With firms in the Europe and North America contributing sumptuously towards the production of tangerine & tangerine essential oil, it is likely that the market in these regions will prosper over the coming decade. In addition, rising demand for tangerine essential oil in various sectors across the globe will expedite the growth of tangerine essential oil market in the years to come.
LATAM and MEA markets seem to witness a bright future within the next few years and these regions will chart a profitable roadmap for the market in the foreseeable future.
Global Tangerine Essential Oil Market: Competitive Players
Some of key players in tangerine essential oil market are NOW Health Group, Inc., doTERRA International, LLC, Lionel Hitchen Essential Oils Ltd., Lebermuth, Inc., Eden Botanicals, Vigon International, Frutarom, Symrise AG, Berje Inc., Citrus and Allied Essences Ltd, Firmenich SA, Young Living Essential Oils LC, Mountain Rose Herbs, Inc., The Essential Oil Company, Ultra International B.V, and others.
Global Tangerine Essential Oil Market: Regional Segment Analysis
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