Tangerine Essential Oil Market - Forecast(2023 - 2028)

Tangerine Essential Oil Market Overview

Tangerine Essential Oil Market Size is estimated to reach $2.3 billion by 2027 and is poised to grow at a CAGR of 5.6% over the forecast period of 2022-2027. Tangerine oil is made from the tangerine fruit of the Tangerines (Citrus reticulata) plant. It is commonly used in food & beverages, bakeries, cosmetics & personal care industry. It has antiseptic, antimicrobial, cytophylactic and stimulant properties. Tangerine oil contains high levels of d limonene which has the ability to stimulate and enhance the effects of mood. Tangerine oil consists of alpha thujone, beta-pinene, camphene, myrcene, sabinene, terpineol, d limonene, geranial, gamma terpinolene, geranial and linalool. The d limonene is a powerful anti-oxidant found in tangerine oil. The combination of tangerine and citronella is found to be an effective mosquito repellant. With various benefits of Tangerines (Citrus reticulata), many research institutes focus on developing a new variety of high-yielding plants with disease and pest tolerance. The National Institute for Agricultural Research (INRA) in Morocco is developing new early- and late-season harvest varieties to support a prolonged production season, the U.S. Department of Agriculture’s Foreign Agricultural Service (FAS) reported in July 2021. This represents the Tangerine Essential Oil Industry over the forecast period 2022-2027.

Tangerine Essential Oil Market Report Coverage

The report: “Tangerine Essential Oil Market Forecast (2022-2027)" by Industry ARC, covers an in-depth analysis of the following segments in the Tangerine Essential Oil Market.

Key Takeaways

• Geographically, North America held a dominant market share in 2021. The high demand for essential oils in aromatherapy and other commercial applications driving Tangerine Essential Oil Market Size.
• The Tangerine Essential Oil Market is predicted to increase owing to its wide applications and growing demand in various industries.
• However, the high price of Tangerine (citrus reticulata) Essential Oil may limit the growth of the Tangerine Essential Oil Industry over the forecast period 2022-2027.
• A detailed analysis of strengths, weaknesses, opportunities and threats would be provided in the Tangerine Essential Oil Market Report.

Tangerine Essential Oil Market Segment Analysis - by Type

The Tangerine Essential Oil Market, based on type, can be further segmented into Organic and Conventional. The conventional segment held a dominant market share in 2021. This is owing to its demand in the food & beverages industry, bakeries and cosmetics & personal care industry due to its various applications. To meet the growing demand, conventional practices are mostly preferred because of their high-yielding hybrid varieties and the management of pests and diseases with effective chemicals. Such commercial applications and growing demand drive the growth of the Tangerine Essential Oil Market Share. However, the organic segment is estimated to grow with the fastest CAGR of 6.7% over the forecast period 2022-2027. This is the result of the popular trend of ‘organic’ in the market due to high awareness about the benefits of organic products. Also, in food & beverages and aroma therapy, the demand for organic essential oil is rapidly increasing which is anticipated to grow the Tangerine Essential Oil Market Share over the forecast period 2022-2027.

Tangerine Essential Oil Market Segment Analysis - by End-user

The Tangerine Essential Oil Market, based on the end-user, can be further segmented into Food & Beverages, Pharmaceuticals, Aromatherapy and Cosmetics & Personal Care. The Food & Beverages segment held a dominant market share in 2021. This is due to the use of tangerine oil in food & beverages for its sweet test, tangy aroma and mood-refreshing properties. Such growing demand surges the growth of the Tangerine Essential Oil Market Share. However, Cosmetic & Personal Care is estimated to grow with the fastest CAGR of 7.1% over the forecast period 2022-2027. This is because of the presence of anti-oxidant d limonene and its applications in personal care products due to its cytophylactic, antifungal and antiseptic properties. The tangerine and citronella were found to be effective mosquito repellants. Such attributes of Tangerine oil and their wide application in cosmetics & personal care products drive the growth of the Tangerine Essential Oil Market Share over the forecast period 2022-2027.

Tangerine Essential Oil Market Segment Analysis - by Geography

North America held a dominant market share of 36% in 2021. This is due to the high import value of Tangerine Oil and mandarin fruits. Also, in 2022, mandarin production in the U.S. dropped by 13% to 3.5 million tonnes due to poor fruit set in California. It is driving the growth of the Tangerine Essential Oil Market Size in North America. Furthermore, Europe is estimated to grow with the fastest CAGR over the forecast period 2022-2027 owing to the high demand for tangerine in Europe. This factor fuels the growth of the Tangerine Essential Oil Market Size over the forecast period 2022-2027.

Tangerine Essential Oil Market Drivers

Growing Demand for Tangerine Essential Oil in Aromatherapy:

Aromatherapy uses medicinally effective aromatic Essential Oils to enhance physical, mental and spiritual well-being. The demand for tangerine essential oil in aromatherapy is increasing due to its mind-stimulating and mood-enhancing effects and cytophylactic, antiseptic and antimicrobial properties. Also, the number of spas around the world is growing. In 2021, the United States Spas industry reported 173 million visitors. This is driving the Tangerine Essential Oil Industry over the forecast period 2022-2027.

Growing Demand for Clean Lebel Products Drives:

The growing awareness among consumers has increased the demand for Tangerine & citronella oil, mostly, in the cosmetics and food & beverage industry. According to the global cosmetic industry, the sale of clean-label beauty products increased by 10% in 2021. According to the ‘Food Navigator Report’ published in October 2019, 73% of Spanish and 65% of French consumers are more likely to trust a clean-label food or drink product. Such growing demand for clean-label products drives the growth of the Tangerine Essential Oil Industry.

Tangerine Essential Oil Market Challenge

Possible Side Effects of Tangerine Oil from Cosmetic Products:

The tangerine essential oil is in concentrated form and has to be diluted with proper proportion before application on skin or hair. According to the World Physiotherapist Organization, there are around 625,000 registered physiotherapists worldwide. As per DermNet NZ, aromatherapists, physiotherapists, hairdressers and workers in the manufacturing unit are more susceptible to adverse effects of essential oil. This limits the Tangerine Essential Oil Industry expansion.

Tangerine Essential Oil Industry Outlook

Product launches, mergers & acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Tangerine Essential Oil Industry. The top 10 companies in the Tangerine Essential Oil Market are:

1. Citrus and Allied Essences Ltd.
2. doTERRA International, LLC.
3. Eden Botanicals Inc.
4. Alo
5. Lionel Hitchen Essential Oils Ltd.
6. Mountain Rose Herbs, Inc.
7. Takasago International corporation
8. The Lebermuth Company Inc.
9. Vigon International, Inc.
10. Young Living Essential Oils LLC.

Recent Developments

• In March 2022, doTERRA and the University of Mississippi National Center for Natural Products Research (NCNPR) agreed to a five-year research partnership that would focus on establishing quality standards for the essential oil industry.
• In October 2021, Alo launched 6 essential oils Breathe + Spa, Sleep + Downshift, Cleanse + Detox, Awaken + Center, Energize + Fresh and Chill + Unwind at $18 for each piece and & $75 for entire collection.
• In August 2020, Young Livings, the world's leading provider of essential oils, announced a series of new products and product lines during its virtual International Grand Convention. Highlights from the launch included a new skincare line, additions to the Savvy Minerals makeup line and an innovative essential oil-infused wearable ring.

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