In 2022, the worldwide for tangerine essential oil market was valued at USD 16.96 Billion. It is projected to reach USD 28.72 Billion by 2032, with a robust compound annual growth rate (CAGR) of 6% anticipated during the forecast period.
The increasing desire for natural and organic products, fueled by growing consumer awareness regarding the adverse effects of synthetic chemicals, is a principal catalyst for the expansion of market revenues. Consumers are increasingly opting for tangerine essential oil due to its natural composition, devoid of additives and harmful chemicals.
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Top Profiled Companies:
- doTERRA International
- Young Living Essential Oils
- Mountain Rose Herbs
- Plant Therapy
- Aura Cacia
- Edens Garden
- NOW Foods
- Fabulous Frannie
- Rocky Mountain Oils
- Healing Solutions
Drivers of Tangerine Essential Oil Market
- Increasing Consumer Interest in Aromatherapy: As more people turn to alternative and holistic healthcare approaches, there is a growing interest in aromatherapy. Tangerine essential oil is used in aromatherapy for its calming and mood-enhancing properties, which can drive demand.
- Rising Demand for Natural and Organic Products: Consumers are increasingly looking for natural and organic alternatives in various products, including essential oils. Tangerine essential oil is derived from the tangerine fruit, making it a desirable choice for those seeking natural and organic options.
- Health and Wellness Trends: The tangerine essential oil market is benefiting from the broader health and wellness trends. Tangerine oil is often used for its potential health benefits, such as boosting the immune system and promoting relaxation.
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Tangerine Essential Oil Market Segmentation
Extraction Method Outlook:
- Cold Pressed
- Steam Distilled
- Others
Application Outlook:
- Food Beverages (FB)
- Pharmaceuticals
- Cosmetics Personal Care
- Others
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