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.
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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Application of Haitian Vetiver
Oil in Anti-aging Cosmetics Creating New Growth Avenues
Customers are always seeking novel treatment
options to reduce the signs of aging. The expectation of customers from
treatment usually tends to be multipurpose, necessitating the demand for
treatments to address multiple concerns. Aesthetic practitioners across the
globe are adopting novel methods 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.
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.
