Orange Terpenes Market to witness market growth at a rate of 7.80%,size,business growth

The orange terpenes market is expected to witness market growth at a rate of 7.80% in the forecast period of 2021 to 2028. Data bridge market research report on orange terpenes market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The expansion of flavor and fragrance sector across the globe is escalating the growth of orange terpenes market.

View Detailed Report: https://www.databridgemarketresearch.com/reports/global-orange-terpenes-market

Orange terpenes refers to colorless to pale yellow liquid which is extracted from the peels of the citrus fruits with the process of vacuum distillation. These liquids are generally made up of d-limonene which is known to for its juicy, sweet, fruity, citrus and orange fragrance and thus, highly used in the flavors and perfumer applications. These biodegradable oils are put under the class of essential oils and utilized as natural fragrance or flavor in numerous applications.  

The rise in demand for the product from end user industries such as cosmetics and personal care and their expansion globally are the major factors driving the orange terpenes market. Growth in awareness regarding the impact of non-biodegradable products on the environment and the rise in popularity of orange terpenes because of their sustainability accelerate the orange terpenes market growth. The rise in investment and funds by the government and technological advancement in the fragrance and flavor sectors also influence the orange terpenes market. Additionally, the increase in demand for cosmetics and personal care products made of organic and natural ingredients and the restriction on use of synthetic materials in some regions positively affect the orange terpenes market. Furthermore, the preference towards organic products among millennials and demand for clean labels extend profitable opportunities to the orange terpenes market players in the forecast period of 2021 to 2028.

On the other hand, implementation of stringent regulatory norms and standard for the personal care ingredients used and personal care chemicals in both developed and developing nations are expected to obstruct the orange terpenes market. The adoption of synthetic materials as alternatives is projected to challenge the orange terpenes market in the forecast period of 2021-2028.

Key Players Analysis:

The major players covered in the orange terpenes market report are Firmenich, Florida Chemical Company, Citrosuco, Cutrale, Florachem, Citrus and Allied Essences Ltd., Ernesto Ventós, S.A., Citrus Oleo, Givaudan, Flotek Industries, Inc., U.S. Sugar, Takasago International Corporation, De Monchy Aromatics, Tropicana Products, Inc., Vigon International, Inc., Kanta Enterprises Private Limited, Merck KGaA, Interstate Commodities Corp., Himalaya Terpenes Pvt. Ltd., Astrra Chemicals, Natural Fractipons among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Orange Terpenes Market Scope and Market Size

The orange terpenes market is segmented on the basis of purity and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets. 

On the basis of purity, the orange terpenes market is segmented into 98% purity and 99% purity.

On the basis of application, the orange terpenes market is segmented into homecare, industrial, pharmaceutical, food and personal care.

Europe dominates the orange terpenes market due to the rise in adoption of sustainable products in several applications such as food and personal care among others and the high consumption of orange terpenes. Asia-Pacific is expected to witness significant growth in CAGR in the forecast period of 2021-2028 because of the large production of oranges and large arable lands in the region.

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