Orange terpenes are natural and highly versatile compounds extracted from citrus fruits. With a pleasant citrus aroma, they find widespread applications in various industries. Orange terpenes are used as solvents, fragrances, and flavoring agents in cleaning products, personal care items, and food and beverage formulations. Their natural and sustainable characteristics make them a preferred choice for eco-friendly products.
As per the recent research conducted by a leading market insights provider FMI, the global Orange Terpenes market will expand at a healthy CAGR over the forecast period between 2022 and 2032. The aim of this study is to analyze key market dynamics affecting the sales of Orange Terpenes and provide vital insights to business owners to get benefited from forthcoming opportunities.
The report conducts an in-depth analysis into factors affecting the change in consumer behavior and purchasing patterns. It highlights the key growth prospects for the demand and sales across seven major regions. It also provides refines sales projections and assist market players in identifying the remunerative segments among the verticals.
Upsurge in the Trend of Green Chemistry to Facilitate the Growth in the Orange Terpenes Market
Governments of several countries are emphasizing on implementing regulations on chemicals that are hazardous for environment, owing to the rising concerns regarding environment sustainability. Hence, growing trend of green chemistry or sustainable chemistry is being witnessed across the chemical industry.
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Citing this trend, chemical manufacturers are reviewing their business strategies and shifting their focus towards adopting eco-friendly practices for the production of sustainable alternatives or less toxic chemicals. This is expected to favor the growth in the Orange Terpenes market.
Key Orange Terpenes Market Takeaways and Projections
- The US will lead the North America Orange Terpenes market, projecting the fastest growth in the region between forecast period
- Germany will collectively hold the largest share in the Europe market over the assessment period.
- India will emerge as a highly remunerative market in South Asia, contributing significant revenue share in the region through forecast period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- In terms of segments, will hold the lion’s share in the market, expanding at a robust CAGR during the next ten years.
Competitive Landscape Analysis
The survey offers insights into critical trends and opportunities across the technology industry and studies their impact on demand-supply forces in the Orange Terpenes market. It also profiles a list of prominent companies including
- Firmenich
- Florida Chemical Company
- Citrosuco North America, Inc.
- Cutrale Citrus Juices USA, Inc.
- Florachem Corporation
- Citrus and Allied Essences, Ltd.
- Ventos
- Citrus Oleo
- Givaudan Flavors Corporation
- Flotek Industries, Inc.
- Southern Gardens Citrus
- Takasago International Corp.
- De Monchy Aromatics
- Tropicana Products, Inc.
- Vigon International
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Orange Terpenes Demand Analysis by Category
Application:
- Orange Terpenes for Homecare
- Orange Terpenes for Industrial Applications
- Orange Terpenes for Pharmaceuticals
- Orange Terpenes for Food
- Orange Terpenes for Personal Care
- Orange Terpenes for Other Applications
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Middle East & Africa
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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