Tangerine, a citrus fruit from Rutaceae family is famous for its tangy taste and soothing flavor. Tangerine peel extract includes oil and powder. Tangerine oil is antispasmodic and used in digestive problems. But it is used mostly in reducing stress and improving circulation for the skin. It is an essential oil with various therapeutic application helps to assist nervous system, reducing stress and flatulence. The tangerine powder used as a flavoring agent and a cleansing agent. Tangerine peel extract powder is more widely used and account for highest consumption in terms of volume. Increasing demand for natural products and more utilization of tangerine powder in food and beverages, confectionary, bakery as a flavoring agent drive an increase in demand for tangerine powder in the global market.
Tangerine Peel Extract Market Segmentation:
Tangerine peel extract market is segmented on the basis of product form, application, and distribution channels.
On the basis of product form, tangerine peel extract market segments include oil and powder. Among all of these, oil segment holds the major share and is expected to register a growth during the forecasted period. It is soothing to the nervous system also used in tonic preparation for the digestive system, flatulence, and constipation. It is also used mostly in reducing stress and improving circulation for the skin.
On the basis of application, tangerine peel extract market segments include food, beverages, therapeutic medicine, confectionary, bakery, personal care and beauty products, soap manufacturing and others. Among all of these, therapeutic medicine segment holds the major share and is expected to register a steady growth over the forecasted period. Followed by food segment and is expected to fuel the market over the forecasted period. The tangerine peel extract market has also been closely tied with dietary supplements and syrup market. Tangerine peel extract powder is also used in cosmetic and skin care products are expected to register relatively medium growth over the forecast period. It is been also used in equipment and floor cleaning solutions.
Tangerine Peel Extract Market Regional Outlook:
On the basis of regions, tangerine peel extract market is segmented into following key regions; North America, Latin America, Europe, Asia Pacific & Japan, and The Middle East and Africa.
North America grabs the major share of global tangerine peel extract market. Consumption of tangerine peel extract which benefits potential health and nutrition have more demand in North America regions and it is expected to grow at a steady rate. U.S is one of the major producers of tangerine peel extract for its food and beverages industry. Followed by developing regions and is expected to register an increase in consumption of tangerine peel extract over the forecasted period.
Tangerine Peel Extract Market Dynamics:
With the increasing demand for natural flavors and essence agent, the consumers are more inclined towards using tangerine peel extract as compared to artificial agents, along with the changing lifestyle focused more towards natural products benefit in the global market. Rising application of tangerine peel extract and consumer preference for its fragrance is expected to account an increase in demand in the global tangerine peel extract market. The seasonal availability and fluctuating prices for citrus fruits along with citrus stubborn disease destroying global citrus yield are the only restraint for the Tangerine peel extract market.
Tangerine Peel Extract Market Key Players:
Some of the key players participating the global tangerine peel extract market include Bluegrass Dairy & Food, Inc., NOW foods Inc., Young Living Essential Oils, Kanegrade Limited, Ideal Food Ingredients Limited, Allen Flavors. Inc., Nutra Green Biotechnology Co., Ltd., Sunspray Food Ingredients (Pty) Ltd, Jaimin Essence, and Vita-Pakt Citrus Products Co.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.