In 2022, the worldwide for Mandarin Oil Market was valued at USD 16.96 Billion. It is projected to reach USD 28.72 Billion by 2032, with a robust compound annual growth rate (CAGR) of 6% anticipated during the forecast period.
The increasing desire for natural and organic products, fueled by growing consumer awareness regarding the adverse effects of synthetic chemicals, is a principal catalyst for the expansion of market revenues. Consumers are increasingly opting for tangerine essential oil due to its natural composition, devoid of additives and harmful chemicals.
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Top Profiled Companies:
- doTERRA International
- Young Living Essential Oils
- Mountain Rose Herbs
- Plant Therapy
- Aura Cacia
- Edens Garden
- NOW Foods
- Fabulous Frannie
- Rocky Mountain Oils
- Healing Solutions
Mandarin Oil Market Growth
- Increasing Consumer Awareness: As consumers become more health-conscious and interested in natural and organic products, the demand for essential oils, including Mandarin oil, may rise.
- Aromatherapy and Wellness Trends: The wellness and aromatherapy industries have been growing in recent years. Mandarin oil is used in aromatherapy for its calming and uplifting properties, which can drive market growth.
- Cosmetic and Personal Care Products: Mandarin oil is used in skincare and personal care products for its skin-rejuvenating properties. The growth of the cosmetics industry can positively impact the Mandarin oil market.
- Food and Beverage Industry: Mandarin oil is also used as a flavoring agent in the food and beverage industry. The demand for natural flavors in food and beverages could contribute to market growth.
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Mandarin Oil Market Segmentation
Extraction Method Outlook:
- Cold Pressed
- Steam Distilled
- Others
Application Outlook:
- Food Beverages (FB)
- Pharmaceuticals
- Cosmetics Personal Care
- Others
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