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Tangerine Essential Oil Market Share

Report ID: GMI9437
Published Date: May 2024
Report Format: PDF

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Tangerine Essential Oil Market Share

Tangerine Essential Oil Market Company Share, (2023)

Some of the major market players operating in the industry are Young Living Essential Oils, Mountain Rose Herbs, Plant Therapy Essential Oils, NOW Foods, Eden Botanicals among others. accounting over 15% market share in the year 2023 These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Governments in countries like the US, Japan, Germany, and China offer grants and funding to encourage research and development of tangerine essential oil technology. This could involve universities, research institutions, and private companies like the ones listed. An acquisition strategy enables a company to enter new markets and product lines instantaneously with a recognized brand having a good reputation and an existing client base. An acquisition can overcome market entry barriers that were previously challenging.

Tangerine Essential Oil Market Companies

Major players operating in the market include:

AOS Products Pvt. Ltd.
Aromaaz International
Aromatics International
Aura Cacia
Citrus and Allied Essences Ltd.
doTERRA International LLC
Eden Botanicals
Florihana Distillery
Mountain Rose Herbs
NOW Foods
Plant Therapy Essential Oils
Rocky Mountain Oils
Shaanxi Guanjie Technology Co., Ltd.
Shaanxi Orient Industrial Co., Ltd.
Young Living Essential Oils

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Industry size for tangerine essential oil was worth USD 1.9 billion in 2023 and is projected to expand at over 5.4% CAGR from 2024 to 2032, due to the increasing popularity of natural and organic products in the personal care and aromatherapy sectors.

The organic nature segment in the tangerine essential oil industry accounted for USD 1.24 billion in 2023 and is anticipated to grow at significant CAGR between 2024 and 2032, due to heightened consumer preference for certified organic and sustainably sourced products.

The food grade segment in the tangerine essential oil industry recorded 66% market share in 2023 and is projected to witness robust growth through 2032, on account of the growing demand for ready-to-use MRF, owing to its convenience and immediate applicability across various industries.

The U.S. industry accounted for USD 634.6 million revenue in 2023 and is estimated to depict substantial gains between 2024 and 2032, led by the growing consumer preference for environmentally conscious choices and surging demand for wellness and self-care products in the region.