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

Tangerine Essential Oil Market was valued at USD 1.9 billion in 2023 and is anticipated to grow at a CAGR of over 5.4% between 2024 and 2032. The industry is experiencing a significant upsurge thanks to the increasing popularity of natural and organic products in the personal care and aromatherapy sectors. This trend is driven by consumers' growing awareness and preference for products that offer both therapeutic benefits and natural ingredients. As a result, the demand for tangerine essential oil has skyrocketed, as it is known for its holistic well-being properties. Thus, the market growth is expected to attain a market value of USD 3 billion by 2032.  

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.
 

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

The demand for ecologically friendly and sustainable products is rising, which is pushing manufacturers to look into eco-friendly sourcing and production techniques. These are just a few of the noteworthy developments that the tangerine essential oil industry is seeing. Furthermore, as consumers look more and more for natural options for cosmetics and aromatherapy, the use of tangerine essential oil in wellness and self-care routines is growing. Innovative product formulations are also becoming more prevalent in the market as businesses experiment with novel combinations and uses of tangerine essential oil in food, cosmetic, and homecare goods. Additionally, e-commerce and digital platforms are vital to broadening the market reach and giving customers easy access to a variety of goods based on tangerine essential oil.
 

Tangerine Essential Oil Market Analysis

Based on nature, organic held the dominant market share of USD 1.24 billion in 2023 and expected to attain a market value of USD 1.94 billion by 2032. Stands out as the leading segment in the market. In the organic segment of the tangerine essential oil industry, there is a discernible trend towards heightened consumer preference for certified organic and sustainably sourced products. This trend aligns with the growing awareness of environmental and health considerations, leading to an increased demand for tangerine essential oil derived from organic farming practices. As consumers seek transparency in the supply chain, companies are focusing on obtaining organic certifications and promoting eco-friendly cultivation methods.
 

Based on grade, food grade holds a substantial share., of 66% in 2023. Ready-to-use tangerine essential oil, semi-concentrated tangerine essential oil, and concentrated tangerine essential oil are witnessing significant developments. The market is characterized by a growing demand for ready-to-use MRF, driven by its convenience and immediate applicability across various industries. This trend is further supported by the increasing focus on real-time control of fluid behavior and the use of suitable viscoelastic models for enhanced performance. Additionally, the semi-concentrated and concentrated MRF segments are also experiencing advancements, particularly in the development of specialized additives and mixing processes to improve their performance and suitability for a variety of applications.
 

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.
 

Based on distribution channel, the B2B holds a significant share, about 60% in 2023. In the B2B sector of the market, key trends include a heightened emphasis on sustainable and ethically sourced raw materials, driven by a growing demand from businesses for environmentally responsible practices in their supply chains. Manufacturers catering to B2B clients are witnessing an increased interest in tangerine essential oil as an ingredient in wellness and spa products, with a focus on creating unique formulations to meet the specific needs of their clientele. The B2B landscape is characterized by a surge in collaborative efforts between suppliers and businesses, fostering innovation in product applications across industries such as cosmetics, hospitality, and aromatherapy.
 

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