Tangerine Essential Oil Market Size, Share, Growth Report

Tangerine essential oil market size

The tangerine essential oil market is expected to be valued at USD 1.9 billion in 2023, growing at a CAGR of over 5.4% between 2024 and 2032. The industry is witnessing significant growth due to the growing popularity of natural and organic products in the personal care and aromatherapy segments. This trend is driven by growing consumer awareness and preference for products that offer both therapeutic benefits and natural ingredients. As a result, there has been a surge in demand for tangerine essential oil as it is known for its holistic health properties. Hence, the market growth is expected to reach a market value of USD 3 billion by 2032.

Moreover, its refreshing and uplifting scent is widely used in skin care, aromatherapy, and even in the food and beverage industry.With the growing focus on health and wellness and the recognized benefits of tangerine essential oil, the market is expected to continue witnessing positive growth in the near future.

The tangerine essential oil industry could face significant obstacles due to weaknesses in the supply chain, as various factors, including poor weather, crop fluctuations, and reliance on specific geographic regions, can affect the steady supply of tangerines, which are essential to the production of the oil. Any interruptions or changes within the supply chain could pose challenges in maintaining reliable production rates, ultimately leading to shortages and disrupting market stability.

Tangerine essential oil market trends

The growing demand for eco-friendly and sustainable products is forcing manufacturers to consider eco-friendly sourcing and production techniques. These are just some of the notable developments seen in the tangerine essential oil industry. Furthermore, the use of tangerine essential oil in health and self-care routines is on the rise as consumers increasingly seek natural options in cosmetics and aromatherapy. Innovative product formulations are also becoming more prevalent in the market as companies experiment with novel combinations and uses of tangerine essential oil in food, cosmetics, and home care products. Moreover, e-commerce and digital platforms are essential to broaden the market reach and provide customers with easy access to a range of goods based on tangerine essential oil.

Tangerine Essential Oil Market Analysis

Nature-based and organic are expected to account for a market share of USD 1.24 billion in 2023 and reach a market value of USD 1.94 billion by 2032. They stand out as the leading segment of the market. In the organic segment of the tangerine essential oil industry, there is a clear trend of increasing consumer preference for certified organic and sustainably sourced products. This trend coincides with the growing awareness of environmental and health care, leading to an increase in the demand for tangerine essential oil obtained from organic farming methods. With consumers demanding transparency in the supply chain, companies are focusing on obtaining organic certification and promoting environmentally friendly cultivation methods.

Based on grade, food grade will hold a significant share; 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 an increasing demand for ready-to-use MRFs. This trend is further boosted by their convenience and immediate applicability in various industries. This trend is also supported by the increasing emphasis on real-time control of fluid behavior and the use of appropriate viscoelastic models to improve performance. Moreover, the semi-concentrated and concentrated MRF segments are also witnessing progress, especially in the development of specialized additives and mixing processes to improve performance and suitability for various applications.

Based on application, food and beverages will account for the major share at around 55% in 2023. The food and beverage segment of the tangerine essential oil market is witnessing a notable trend towards incorporating this oil into various cuisines, driven by growing consumer preference for natural and flavorful ingredients. Tangerine essential oil is increasingly being used in beverages, confectionery, and cooking to add citrus notes and aromas to products. This trend is also in line with the broader move towards healthier and more exotic flavor profiles in food and beverages.

Based on distribution channel, B2B will hold a significant share of around 60% in 2023. In the B2B sector of the market, a major trend is enhanced focus on sustainable and ethically sourced raw materials, driven by growing demand from businesses for eco-conscious practices in the supply chain. Manufacturers catering to B2B clients are seeing increased interest in tangerine essential oil as an ingredient in wellness and spa products and are focusing on creating unique formulations that meet the specific needs of customers. The B2B landscape is characterized by a surge in collaboration between suppliers and companies, driving innovation in product applications across industries such as cosmetics, hospitality, and aromatherapy.

The United States, with its well-established industry and strong focus on innovation and technology, will account for a market value of USD 634.6 million of the global market in 2023. The US tangerine essential oil market is witnessing a clear shift towards sustainable and eco-friendly products, reflecting growing consumer preferences for environmentally conscious choices. This trend is influencing manufacturers to adopt sustainable sourcing practices and eco-friendly production methods.

Additionally, the incorporation of tangerine essential oil in wellness and self-care products is on the rise, driven by the growing demand for natural alternatives in aromatherapy and skin care in the US market. Innovative formulations showcasing unique blends and uses of tangerine essential oil are garnering attention, especially in the beauty and home care segment. Moreover, the digitalization of commerce is playing a key role, with e-commerce platforms providing US consumers convenient access to a diverse range of tangerine essential oil-based products, contributing to the overall growth and accessibility of the market.

Brazil plays a major role in the production of tangerine essential oil in the United States. Brazilian tangerines are renowned for their high quality and aroma, and Brazil plays an important role in the global market.

Tangerine essential oil market share

Some of the major market players operating in this industry include Young Living Essential Oils, Mountain Rose Herbs, Plant Therapy Essential Oils, NOW Foods, and Eden Botanicals, accounting for more than 15% market share in 2023. These players are focusing on strategic partnerships, new product launches, and commercialization for market expansion. Moreover, these players are investing heavily in research that allows them to introduce innovative products and capture maximum revenue in the market.

Governments of countries such as the United States, Japan, Germany, and China provide grants and funding to encourage research and development of tangerine essential oil technology. This can involve universities, research institutes, and private companies such as those listed. An acquisition strategy allows a company to immediately enter a new market or product line by leveraging a reputable brand and existing customer base. Acquisitions can overcome previously difficult barriers to market entry.

Tangerine Essential Oil Market Companies

Major companies operating in the market are:

• AOS Products Co., Ltd.
• Aromars International
• Aromatics International
• Aura Cassia
• Citrus and Allied Essences Co., Ltd.
• DoTERRA International LLC
• Eden Botanicals
• Florihana Distillery
• Mountain Rose Herb
• Now Foods
• Plant Therapy Essential Oils
• Rocky Mountain Oil
• Shaanxi Guanjie Technology Co., Ltd.
• Shaanxi Orient Industry Co., Ltd.
• Young Living Essential Oils
  

Tangerine Essential Oil Industry News

• In March 2023, Symrise Cosmetics Ingredients entered into a strategic partnership with Synergio, solidifying its position as a leader in product protection in the personal care industry. The collaboration strengthened Symrise’s competitive position and expanded its market presence.
  
• In October, New York-based dispensary Anima Mundi made a significant move by acquiring Floracopeia, a well-regarded essential oils company co-founded by David Crow, a prominent figure in plant medicine, strengthening Anima Mundi’s foothold and expanding its expertise in the field.
  

The Tangerine Essential Oil Market research report includes detailed information about the industry. Estimates and forecasts of revenue (USD million) and volume (kilotons) from 2021 to 2032For the following segments:

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By nature

By grade level

• Food Grade
• Industrial Grade

By end user

• Food and Beverage
• Pharmaceuticals
• Aromatherapy
• Cosmetics and Personal Care
• others

By distribution channel

• For businesses
• Hypermarket/Supermarket
• Specialty Retail
• E-commerce
• others

The above information is provided for the following regions and countries:

• North America
• Europe

  • Germany
  • England
  • France
  • Italy
  • Spain
  • Other Europe

• Asia Pacific

  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific

• latin america

  • Brazil
  • Mexico
  • Argentina
  • Other Latin America

• Ministry of Foreign Affairs

  • Saudi Arabia
  • United Arab Emirates
  • South Africa
  • Remaining MEA