Tangerine Essential Oil Market - By Size (Organic, Conventional), By Grade (Food Grade, Industrial Grade), By End-User (Food & Beverages, Pharmaceuticals, Aromatherapy, Cosmetics & Personal Care), By Distribution Channel & Forecast, 2024 – 2032

Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Chemical | Format: Report available in PDF / Excel Format

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Tangerine Essential Oil Market - By Size (Organic, Conventional), By Grade (Food Grade, Industrial Grade), By End-User (Food & Beverages, Pharmaceuticals, Aromatherapy, Cosmetics & Personal Care), By Distribution Channel & Forecast, 2024 – 2032

Tangerine Essential Oil Market Size

In the world of scents, tangerine essential oil is making waves, with a market worth a whopping USD 1.9 billion in 2023. And here's the exciting partit's only going to get bigger in the coming years! We're talking a projected growth rate of more than 5% between 2024 and 2032. Why the surge in popularity? Simple. We're all about natural and organic products these days, especially when it comes to taking care of ourselves and de-stressing. Tangerine oil fits right into this trend with its aromatherapy and therapeutic benefits. People are loving its natural ingredients and its ability to make us feel good from the inside out. So, it's no wonder that the demand for this essential oil has shot up, and the market is expected to reach a stunning USD 3 billion by 2032.

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Additionally, it’s refreshing and uplifting fragrance has led to its widespread use in skincare, aromatherapy, and even the food and beverage industry. With the prevailing focus on health and wellness, combined with the perceived advantages of tangerine essential oil, the market is expected to continue its positive growth trajectory in the near future.

Tangerine Essential Oil Market Report Attributes
Report Attribute Details
Base Year 2023
Tangerine Essential Oil Market Size in 2023 USD 1.9 Billion
Forecast Period 2024 - 2032
Forecast Period 2024 - 2032 CAGR 5.4%
2032 Value Projection USD 3 Billion
Historical Data for 2021 - 2023
No. of Pages 120
Tables, Charts & Figures 199
Segments covered Nature, Grade, End-User, Distribution Channel & Region
Growth Drivers
  • Growing Demand for Natural and Organic Products
  • Expanding Applications in Various Industries
  • Rising Health and Wellness Trend
Pitfalls & Challenges
  • Supply Chain Vulnerability
  • Quality Control and Authenticity Concerns

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The tangerine essential oil industry may encounter a major obstacle caused by weaknesses in its supply chain. This is because various factors such as unfavorable weather, variations in crops, and reliance on specific geographical regions can all play a role in affecting the steady supply of tangerines, which are essential for producing the oil. Any interruptions or changes within the supply chain could pose difficulties in maintaining a reliable production rate, ultimately leading to scarcity and disturbing the market's stability.

Tangerine Essential Oil Market Trends

More and more people want eco-friendly products, so companies are scrambling to find sustainable ways to make and get their products. This is a big deal in the industry that makes tangerine essential oil. Also, people are looking for more natural options for their beauty and health routines. This means that tangerine oil is being used more in these areas. Companies are also coming up with new ways to use tangerine oil, like adding it to food, skincare products, and cleaning supplies. There are also new and exciting ways to mix and use tangerine oil. Finally, you can now buy a lot more tangerine oil products online. This means that more people can find the products they want.

Tangerine Essential Oil Market Analysis

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Tangerine essential oil is a hot commodity, and organic oils are leading the pack. In 2023, organic oils ruled the market with a whopping $1.24 billion in sales. And by 2032, they're expected to be worth an even more impressive $1.94 billion! People are really starting to care about what they're putting on their bodies and in their homes. That's why there's been a huge jump in demand for organic and sustainably sourced tangerine essential oil. People want to know where their oil comes from and how it's made, and they want to make sure it's not harming the environment. Companies are listening to what their customers want. They're getting organic certifications and investing in eco-friendly farming practices. This is a win-win situation for everyone involved—the environment, the farmers, and the consumers.

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Tangerine essential oil is in high demand, with over half of the market belonging to food-grade oil. Ready-to-use tangerine oil is the most popular type, thanks to how easy it is to use in many different fields. This is because more and more people want to be able to control how fluids act in real-time and use viscoelastic models to make them work better. Also, the semi-concentrated and concentrated segments of the market are growing, especially with new specialized additives and mixing techniques being developed to make them work better and be more useful in more situations.

Based on application, the food & beverages holds a significant share, about 55% in 2023. In the food and beverages segment of the tangerine essential oil market, there is a discernible trend towards incorporating this oil into various culinary applications, driven by a growing consumer preference for natural and flavorful ingredients. Tangerine essential oil is finding increased usage in beverages, confectionery, and culinary creations, adding a citrusy and aromatic profile to products. The trend also aligns with the broader movement towards healthier and exotic flavor profiles in food and beverages.

In the world of business-to-business (B2B), companies are getting a bigger slice of the pie, with a hefty 60% share in 2023. And here's what's cookingFirst off, these businesses are stepping up their game in sustainability, looking for ingredients that are kind to the planet and made without harming anyone. This is because more and more companies want to keep their supply chains clean and green. Next up, manufacturers are seeing a big demand for tangerine essential oil in stuff like wellness products and spa treatments. People want these oils in their products, and companies are whipping up special formulas to meet the needs of their customers. Finally, companies and suppliers are working together like never before. They're finding new ways to use products in all kinds of areas, like cosmetics, hotels, and even aromatherapy. It's like a giant brainstorming session that's bringing innovation to the forefront.

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U.S, with its well-established industries and a strong focus on innovation and technology, constitutes a market value in USD 634.6 million in 2023 of the global market. In the U.S. tangerine essential oil market, there is a discernible shift towards sustainable and eco-friendly products, reflecting a growing consumer preference for environmentally conscious choices. This trend is influencing manufacturers to adopt sustainable sourcing practices and eco-friendly production methods.

Additionally, the integration of tangerine essential oil in wellness and self-care products is on the rise, driven by an increasing demand for natural alternatives in aromatherapy and skincare within the U.S. market. Innovative formulations, particularly in beauty and homecare, are gaining prominence, showcasing unique blends and applications of tangerine essential oil. Furthermore, the digitalization of commerce is playing a crucial role, with e-commerce platforms providing consumers in the U.S. convenient access to a diverse array of tangerine essential oil-based products, contributing to the overall growth and accessibility of the market.

 In the United States, for tangerine essential oil, one country that often plays a dominant role in its production is Brazil. Brazilian tangerines are renowned for their high quality and aroma, making Brazil a significant player in the global market.

Tangerine Essential Oil Market Share

Some of the major market players operating in the industry are Young Living Essential Oils, Mountain Rose Herbs, Plant Therapy Essential Oils, NOW Foods, Eden Botanicals among others. accounting over 15% market share in the year 2023 These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Governments in countries like the US, Japan, Germany, and China offer grants and funding to encourage research and development of tangerine essential oil technology. This could involve universities, research institutions, and private companies like the ones listed. An acquisition strategy enables a company to enter new markets and product lines instantaneously with a recognized brand having a good reputation and an existing client base. An acquisition can overcome market entry barriers that were previously challenging.

Tangerine Essential Oil Market Companies

Major players operating in the market include

  • AOS Products Pvt. Ltd.
  • Aromaaz International
  • Aromatics International
  • Aura Cacia
  • Citrus and Allied Essences Ltd.
  • doTERRA International LLC
  • Eden Botanicals
  • Florihana Distillery
  • Mountain Rose Herbs
  • NOW Foods
  • Plant Therapy Essential Oils
  • Rocky Mountain Oils
  • Shaanxi Guanjie Technology Co., Ltd.
  • Shaanxi Orient Industrial Co., Ltd.
  • Young Living Essential Oils

Tangerine Essential Oil Industry News

  • In March 2023, Symrise Cosmetics Ingredients entered a strategic partnership with Synergio, solidifying its position as a leader in product protection within the personal care industry. This collaboration bolstered Symrise's competitive edge and enhanced its market presence.
  • In October, A significant move, NYC-based apothecary Anima Mundi acquired Floracopeia, an esteemed essential oil company co-founded by David Crow, a renowned figure in botanical medicine. This acquisition strengthened Anima Mundi's foothold and expanded its expertise in the field.

The tangerine essential oil market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Million) & volume (Kilo Tons) from 2021 to 2032, for the following segments

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By Nature

 

  • Organic
  • Conventional

By Grade

  • Food grade
  • Industrial grade

By End-User

  • Food & beverages
  • Pharmaceuticals
  • Aromatherapy
  • Cosmetics & personal care
  • Others

By Distribution Channel

  • B2B
  • Hypermarkets/supermarkets
  • Specialty retail
  • E-commerce
  • Others

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • MEA
    • Saudi Arabia
    • UAE
    • South Africa
    • Rest of MEA

 

 

Table of Content

Report Content

Chapter 1   Methodology & Scope

1.1    Market scope & definition

1.2    Base estimates & calculations

1.3    Forecast calculation

1.4    Data sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1   Paid sources

1.4.2.2   Public sources

Chapter 2   Executive Summary

2.1    Industry 3600 synopsis

Chapter 3   Industry Insights

3.1    Industry ecosystem analysis

3.1.1    Key manufacturers

3.1.2    Distributors

3.1.3    Profit margins across the industry

3.2    Industry impact forces

3.2.1    Growth drivers

3.2.2    Market challenges

3.2.3    Market opportunity

3.2.3.1   New opportunities

3.2.3.2   Growth potential analysis

3.3    Raw material landscape

3.3.1    Manufacturing trends

3.3.2    Technology evolution

3.3.2.1   Sustainable manufacturing

3.3.2.1.1    Green practices

3.3.2.1.2    Decarbonization

3.3.3    Sustainability in raw materials

3.3.4    Pricing trends (USD/Ton)

3.3.4.1   North America

3.3.4.2   Europe

3.3.4.3   Asia Pacific

3.3.4.4   Latin America

3.3.4.5   Middle East & Africa

3.4    Regulations & market impact

3.5    Porter’s analysis

3.6    PESTEL analysis

Chapter 4   Market Size and Forecast, By Nature, 2021-2032 (USD Million & Kilo Tons)

4.1    Key trends

4.2    Organic

4.3    Conventional

Chapter 5   Market Size and Forecast, By Grade, 2021-2032 (USD Million & Kilo Tons)

5.1    Key trends

5.2    Food grade

5.3    Industrial grade

Chapter 6   Market Size and Forecast, By End-User, 2021-2032 (USD Million & Kilo Tons)

6.1    Key trends

6.2    Food & beverages

6.3    Pharmaceuticals

6.4    Aromatherapy

6.5    Cosmetics & personal care

6.6    Others

Chapter 7   Market Size and Forecast, By Distribution Channel, 2021-2032 (USD Million & Kilo Tons)

7.1    Key trends

7.2    B2B

7.3    Hypermarkets/supermarkets

7.4    Specialty retail

7.5    E-commerce

7.6    Others

Chapter 8   Market Size and Forecast, By Region, 2021-2032 (USD Million & Kilo Tons)

8.1    Key trends

8.2    North America

8.2.1    U.S.

8.2.2    Canada

8.3    Europe

8.3.1    Germany

8.3.2    UK

8.3.3    France

8.3.4    Italy

8.3.5    Spain

8.3.6    Rest of Europe

8.4    Asia Pacific

8.4.1    China

8.4.2    India

8.4.3    Japan

8.4.4    South Korea

8.4.5    Australia

8.4.6    Rest of Asia Pacific

8.5    Latin America

8.5.1    Brazil

8.5.2    Mexico

8.5.3    Argentina

8.5.4    Rest of Latin America

8.6    MEA

8.6.1    Saudi Arabia

8.6.2    UAE

8.6.3    South Africa

8.6.4    Rest of MEA

Chapter 9   Company Profiles

9.1    AOS Products Pvt. Ltd.

9.2    Aromaaz International

9.3    Aromatics International

9.4    Aura Cacia

9.5    Citrus and Allied Essences Ltd.

9.6    doTERRA International LLC

9.7    Eden Botanicals

9.8    Florihana Distillery

9.9    Mountain Rose Herbs

9.10    NOW Foods

9.11    Plant Therapy Essential Oils

9.12    Rocky Mountain Oils

9.13    Shaanxi Guanjie Technology Co., Ltd.

9.14    Shaanxi Orient Industrial Co., Ltd.

9.15    Young Living Essential Oils
 

  • AOS Products Pvt. Ltd.
  • Aromaaz International
  • Aromatics International
  • Aura Cacia
  • Citrus and Allied Essences Ltd.
  • doTERRA International LLC
  • Eden Botanicals
  • Florihana Distillery
  • Mountain Rose Herbs
  • NOW Foods
  • Plant Therapy Essential Oils
  • Rocky Mountain Oils
  • Shaanxi Guanjie Technology Co., Ltd.
  • Shaanxi Orient Industrial Co., Ltd.
  • Young Living Essential Oils

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