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.
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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.
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