On the basis of a recently published report by Transparency Market Research, titled, 'Tangerine Essential Oil Market: Global Industry Analysis and Opportunity Assessment 2018-2027', the overall revenue generated from the tangerine essential oil market is anticipated to be valued at somewhere around US$ 188.2 Mn in 2018, which is expected to rise at a CAGR of 3.9% throughout the forecast period (2018-2027).
Over the last few decades, there has been subtle growth in the demand
for tangerine essential oil in the global essential oil market, owing to the
increase in the application of tangerine essential oil in food and beverage
products. The escalating demand for vibrant flavors in convenient food products
is also fueling the demand for tangerine essential oil. The surge in demand for
natural ingredients in cosmetics and personal care products is contributing to
the increasing demand for tangerine essential oil among manufacturers.
In addition, the application of tangerine essential oil in aromatherapy
is one of the upcoming fields, where essential oil is gaining strong demand
from the health-conscious population. The increasing demand for tangerine
essential oil as a natural ingredient in the cosmetics and beverage industries
is also increasing the demand for tangerine essential oil in the global
essential oil market. In the global tangerine essential oil market, Europe
holds a prominent share, i.e. 35% value share of the consumption of tangerine
essential oil.
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North America and Europe have a major share in the production of
tangerine and tangerine essential oil in the world. On the basis of our
analysis, the market in Asia Pacific is expected to grow at a high rate, owing
to factors such as rapid establishment of industries and increasing footprint
of global players in the region. Many industrialists and food manufacturers are
showing their keen interest in using tangerine essential oil in their products
and recipes. With the increasing demand for tangerine essential oil in various
sectors, it is expected that the overall demand for tangerine essential oil
will increase over the forecast period.
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of improving skin quality and preventing skin damage.
Tangerine essential oil has various health benefits, such as it is found
to be helpful for skin health, immune health, and stress-related diseases.
Tangerine essential oil is excellent in the treatment of depression, debility,
and insomnia. In addition, tangerine essential oil also helps in boosting
metabolism, which has a direct connection between the most common obesity
problems. Owing to many health benefits, perfume and cosmetic manufacturers are
using tangerine essential oil in their products to cater to the demand from the
growing health consciousness population.
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Tangerine Essential Oil Market: Competition
Dashboard
TMR has profiled some of the prominent companies active in the tangerine
essential oil market, such as 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.
Key Insights into the Tangerine Essential Oil
Market
The report explores the global tangerine essential oil market regarding
the current market drivers, trends, and opportunities that are expected to
affect the market during the period 2018–2027. Yet another key feature of this
report is the competitive landscape of many key players involved in the
tangerine essential oil market in a comprehensive and comparative dashboard. In
addition, key developments and strategies are also enlisted, which can give an
idea for growth and development.
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employs rigorous primary and secondary research techniques in developing
distinctive data sets and research material for business reports.
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