Mandarin Oil Market Size, Share, Growth, And Industry Analysis By Type (Absolute, Concentrates, Blends, and Mandarin Oil) By Application (Food & Beverage, Cosmetics & Personal Care, and Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

Mandarin Oil Market Report Overview

• 

• Request a Free Sample to learn more about this report

The global mandarin oil market size was USD 356.9 million in 2022 and market is projected to touch USD 540.5 million by 2031, exhibiting a compound annual growth rate (CAGR) of 4.7% during the forecast period.

The peel of the mandarin orange is used to make the essential oil known as "mandarin oil." A citrus fruit that is indigenous to China is the mandarin orange. It is a flavoring and aromatherapy ingredient with a pleasant, zesty aroma. According to legend, it has relaxing and soothing qualities. Additionally, it serves as a natural bug deterrent.

It comes in a wide range of varieties, each with special advantages. It has been cold-pressed and is full of vitamins and antioxidants, making it ideal for nourishing and reviving the skin. Considering its relaxing and uplifting qualities, the mandarin essential oil is frequently used in aromatherapy. Finally, mandarin peel-infused sweet almond oil can be used as a natural massage oil to ease tense muscles. Whatever your requirements, there is a mandarin oil variety that can help!

COVID-19 Impact: Low Demand and Lack of Raw Materials Hampered the Market Growth

The Covid-19 epidemic has significantly impacted the sector. Due to individuals staying at home and consuming fewer items that include mandarin oil due to the virus, there is a fall in demand. As a result, tangerine oil prices have fallen considerably. Producers of this oil were compelled to reduce their output, and many went out of business. Additionally, the epidemic has made it challenging for Chinese oil businesses to find the raw materials they use to make their product. It is in short supply as a result, which raises prices. The Covid-19 outbreak has significantly impacted the sector, and it is unclear whether the industry will fully recover.

Latest Trends

"Robotics Utilization Boost the Market Expansion"

Mandarin oil is, without a doubt, one of the most popular products on the market. This flavorful and unusual oil is utilized in various goods, from cosmetics to dishes. The demand for this oil is only growing as more people become aware of its advantages. The time is right if you've considered investing in this business. This sector is dynamic and expanding quickly, and new opportunities are always created. Therefore, whether you want to buy or sell this oil, keep up with all the most recent developments.

Mandarin Oil Market Segmentation

• 

• Request a Free Sample to learn more about this report

• By Type Analysis

The mandarin oil market can be segmented into absolute, concentrates, blends, and mandarin oil. Among these, absolute is projected to experience rapid growth through 2031.

• By Application Analysis

The market can be divided based on application into food & beverage, cosmetics & personal care, and others. Food & beverage is expected to hold the most significant mandarin oil market share in the upcoming years.

Driving Factors

"The Popularity of Natural and Organic Products To Propel the Market Expansion"

The market is expanding quickly, and several important factors are to blame. First, the market is being boosted by the growing appeal of natural and organic products. This is because mandarin oil is a natural substance with several advantages, such as the ability to moisturize skin and act as an anti-inflammatory effect.

"The Increasing Popularity of Aromatherapy Fuels the Market Growth"

The rising popularity of aromatherapy is also driving the demand. This is because mandarin oil has a reviving and upbeat aroma that can enhance mood and encourage relaxation. And last, the popularity of mandarin oil is also fueled by the rising understanding of its health benefits. This includes its capacity to increase immunity, enhance digestion, and lower stress levels.

Restraining Factors

"Volatile Nature of Mandarin Oil Prices, Limited Supply of High-Quality Mandarin Oil, and Government Regulations Regarding the Use of Pesticides and Other Chemicals in Mandarin Oil Production Hinder the Market Growth"

Despite being a very profitable industry, the market has several obstacles that prevent it from growing to its full potential. The erratic nature of these oil prices is one of the main restraints. Its price is prone to swings, which makes it challenging for businesses to forecast prices and schedule output in advance. Consumers find it challenging to plan their budgets for their purchases of tangerine oil as a result of this unpredictability. The scarcity of high-quality mandarin oil is a significant barrier to the market for oil. A small number of businesses only produce this oil and cannot meet consumer demand. Because of the scarcity, the tangerine oil supply is constrained, and prices are raised. Finally, the government restricts the industry's use of pesticides and other chemicals to manufacture this oil. Due to these limitations, it is challenging for businesses to create huge amounts of high-quality mandarin oil, which restricts the market's expansion.

Mandarin Oil Market Regional Insights

• 

• Request a Free Sample to learn more about this report

"North America to Dominate Market Due to The Popularity of Natural and Organic Products "

Between 2022 and 2031, the mandarin oil market will be dominated by North America. Factors driving the market growth in this region include the popularity of natural and organic products.

Additionally, the market is anticipated to experience the fastest growth in European and Asian countries (India, China, Japan, and South East Asia). The increasing popularity of aromatherapy fuels market expansion.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Lionel Hitchen (U.K.)
• Symrise (Germany)
• BONTOUX (U.S.)
• Young Living (U.S.)
• Citrus and Allied (U.S.)
• Mountain Rose Herbs (U.S.)
• doTERRA International (U.S.)
• Biolandes (France)
• Plant Therapy Essential Oils (U.S.)
• Lemon Concentrate (Spain)
• Cilione (Italy)
• Citromax (U.S.)
• Simone Gatto (Italy)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.