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Tangerine Essential Oil Market Trends

Report ID: GMI9437
Published Date: May 2024
Report Format: PDF

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for tangerine essential oil was worth USD 1.9 billion in 2023 and is projected to expand at over 5.4% CAGR from 2024 to 2032, due to the increasing popularity of natural and organic products in the personal care and aromatherapy sectors.

The organic nature segment in the tangerine essential oil industry accounted for USD 1.24 billion in 2023 and is anticipated to grow at significant CAGR between 2024 and 2032, due to heightened consumer preference for certified organic and sustainably sourced products.

The food grade segment in the tangerine essential oil industry recorded 66% market share in 2023 and is projected to witness robust growth through 2032, on account of the growing demand for ready-to-use MRF, owing to its convenience and immediate applicability across various industries.

The U.S. industry accounted for USD 634.6 million revenue in 2023 and is estimated to depict substantial gains between 2024 and 2032, led by the growing consumer preference for environmentally conscious choices and surging demand for wellness and self-care products in the region.