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Tangerine Peel Extract Market Regulations and Competitive Landscape Outlook to 2025
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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.
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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.
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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