A recent report published by Infinium Global Research on tangerine essential oil market provides an in-depth analysis of segments and sub-segments in the global as well as the regional tangerine essential oil market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional tangerine essential oil market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global tangerine essential oil market. According to the report, the global tangerine essential oil market is projected to grow at a CAGR of 3.4% over the forecast period of 2019-2025.
The tangerine essential oil comes from the tangerine fruits. This oil is derived from the fruits outer peel and is full of a fresh, warm and citrusy aroma. Owing to its tangy and sweet scent and calming effect it is used for several applications. It has several medicinal properties such as antifungal and antiseptic quality, which facilitates its application in skincare medicine. It is widely used to remove skin impurities and acne. Further, owing to its antiseptic properties, it is used in several hair care products to treat dry scalp and other hair problems. Moreover, owing to it's cytophylactic and damage tissue restoring properties, it is used in several scar and stretch marks removing products.
The growing awareness about the health benefits of the tangerine essential oil, among the youth and middle-class consumers is helping to grow the demand of tangerine essential oil market. Its numerous medicinal properties are helping to grow the demand for tangerine essential oil-based skin care products among the youth and middle class of consumers. Additional, increasing disposable income among the young women consumers in the developing countries is helping to grow the demand of the tangerine essential oil based cream, beauty products, lotion, and other skin care related products in the developing countries. Further, the growing awareness about the side effects of the synthetic skin care products on the skin is helping to grow the demand of the tangerine essential oil based organic skin care products. However, the availability of cheap and substandard skin care products in the market is hampering the growth of the tangerine essential oil-based products.
Geographically, North America is the largest market of the tangerine essential oil-based products, owing to the presence of the numerous skin care cosmetics companies in this region. Further, the availability of well-educated consumers and growing preference about the organic products in this region is helping to continuously grow the demand of the tangerine essential oil-based products. Europe is the second largest market of the tangerine essential oil-based products, after North America. The Asia-Pacific is the highest growing market in this region, owing to the growing disposable income among the youth consumers in this region.
The report on global tangerine essential oil market covers segments such as source, grade, end user, and distribution channel. On the basis of source, the sub-markets include organic, and inorganic. On the basis of grade, the sub-markets include food grade, and industrial grade. On the basis of end user, the sub-markets include food & beverages, pharmaceuticals, aromatherapy, and cosmetics & personal care. On the basis of the distribution channel, the sub-markets include hypermarkets/supermarkets, specialty retail, e-commerce, and other distribution channel.
The report provides profiles of the companies in the market such as Eden Botanicals, Berje Inc, Vigon International, Inc., Takasago International Corporation, Mountain Rose Herbs, Young Living Essential Oils LC, Citrus and Allied Essences Ltd., Firmenich SA, Symrise AG, and Lionel Hitchen Limited.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of tangerine essential oil market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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