Research Nester published a report titled “Orange Terpenes Market: Global Demand Analysis Opportunity Outlook 2031” which delivers detailed overview of the global orange terpenes market in terms of market segmentation by purity, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global orange terpenes market is estimated to thrive at a CAGR of ~8% over the forecast period, i.e., 2022 – 2031. Moreover, the market is segmented and analyzed for demand and supply by application into homecare, industrial, pharmaceutical, personal care, food, and others. Out of these, the homecare segment is expected to experience greater growth during the forecast period owing to an increase in the number of households where orange terpenes are present in the disinfectant solutions that sanitize and aromatize the cleaned surfaces.
A rise in environment pollution is expected to drive the growth of the global orange terpenes market. Moreover, the surge in the demand for natural cleaning products is further anticipated to surge the growth of the market.
Regionally, the global orange terpenes market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East Africa region. Amongst these markets, the market in the Europe region is projected to hold the largest market share by the end of 2031 owing to the presence of established players in the region and a greater awareness and demand for organic and eco-friendly products, and increasing disposable income.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Awareness of Health Benefits of Orange Terpenes to Drive the Growth of the Market
As per the World Health Organization, there are more than 5,79,092,623 confirmed COVID-19 cases across the globe
Backed by increasing infections, there has been an increasing awareness of health benefits among people. Moreover, terpenes are documented for improving the immunity of the people in order to fight against the infection. Therefore, it is projected to surge the growth of the global orange terpenes market.
However, the possibility of occurrence of irritation or rash if exposed for longer periods and the influx of cheaper synthetic alternatives into the market are expected to operate as key restraints to the growth of the global orange terpenes market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global orange terpenes market which includes company profiling of Firmenich SA, Florida Chemical Company, Citrosuco, ERNESTO VENTÓS S.A., Florachem Corp. Cutrale, Givaudan, Vigon International, LLC., Flotek Industries, Inc., Citrus and Allied Essences Ltd., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global orange terpenes market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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