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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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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.

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Tangerine Peel Extract Market

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