Tangerine Extract Market Size to Develop Lucratively by 2028

Posted on 2019-10-16 by Mark Hub in Food & Beverage // 0 Comments

Tangerine is an orange-coloured citrus fruit from the Rutaceae family. The sweetness, tender pulp and low acidity of the tangerine fruit makes it one of the most preferred citrus fruits in the world. Tangerine extract is widely used as a food flavouring agent due to its sweet and citrus taste. Tangerine extract is used in bakery, confectioneries, carbonated beverages and alcoholic beverages to intensify the taste of the product. Moreover, Tangerine Extract is rich in vitamin A and C, owing to which it is used in cosmetics and personal care products, such as soaps, shower gels, body lotions, hand cream and bath oils, to nourish the skin as well as to provide glow and radiance. Tangerine extract is also used in essential oils in aromatherapy and other spa treatments to relax the mind and muscles as well as to pacify nervous tension. Furthermore, it is used in nutraceuticals as a supplement rich in vitamin C. Tangerine extract also helps improve digestion and prevents flatulence.

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The citrus flavour and sweetness of tangerine extract is boosting its usage in the food & beverage industry:

The demand for tangerine extract is expected to increase over the forecast period owing to its rich & intense flavour and pleasant aroma. The growing food and beverage industry is expected to boost the demand for tangerine extract as tangerine extract is a popular flavouring ingredient for bakery and beverages due to its tangy taste. It is widely used in carbonated drinks and juices to imbibe a citrus flavour. Moreover, growth in the number of cosmetic and personal care products is expected to boost the demand for tangerine extract as it is rich in vitamins and has the ability to nurture & soften skin. Tangerine extract is used in various shower gels, soaps, bath creams and perfumes due to its refreshing and pleasing aroma. In addition, tangerine extract is used in essential oils due to its therapeutic effect and ability to pacify nervous tension. Tangerine extract is also used in nutraceuticals to improve digestion as well as to promote proper liver functioning.

Global Tangerine Extract market: Market Participants:

Some of the key market participants identified across the value chain of the global tangerine extract market are Kerry Inc., Lionel Hitchen Limited, A.M. Todd Botanical Therapeutics, OliveNation, Bath & Bloom, Grisi, Paula’s Choice, All Star Extracts, NOW Foods, Jacksonville Mercantile, Creation Pharm, Innisfree Inc. and Rocky Mountain Oils LLC.

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Tangerine extract is expected to witness lucrative demand in the market due to the growing demand for flavours and essences in the food industry. The applications of tangerine extracts in bakery, candies, chocolates and beverages are among the prime factors driving the tangerine extract market. The popularity of citrus flavour among consumers is encouraging manufacturers to offer more products with the tangy taste of tangerine. Another driver of the tangerine market is the increasing market of cosmetics and personal care products. Tangerine extract is used to imbibe fragrance in personal care products along with skin nourishing and replenishing properties. Tangerine extract also finds applications in nutraceuticals, which is also boosting the demand for tangerine extract. The demand for tangerine extract is higher in regions such as Europe and North America due to an increase in the demand for cosmetic and personal care products. In addition, regions such as Asia Pacific are also expected to provide an increasing market opportunity for tangerine extract due to an increase in the per capita disposable income of consumers.

Brief Approach to Research Tangerine Extract Market:

A modelling-based approach and triangulation methodology will be followed to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms and end uses of the product segments covered in this study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level and consolidated & synthesized at a global level to estimate the overall market sizes.

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