Originating in ancient Chinese medicine, mandarin oil is reputed to be the most calming and sweetest essential oil. According to ancient stories, the mandarin fruit was exchanged as gifts in a ritual known as ‘Mandarinsn’ which may have given rise to the current name. Mandarin oil brightens the skin, reduces acne, fights insomnia, reduces scars, eliminates wrinkles, and tackles oily skin. Mandarin oil is even thought to have antiseptic qualities that address health issues such as leaky gut syndrome in addition to relieving gas and stimulating the lymphatic system. Mandarin oil is used in cosmetics, skin care products, and even in beverages and food products today, making the scope of the mandarin oil market almost limitless.
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Some of the forecasts of Fact.MR’s report on the global mandarin oil market have been given below to help you understand the current and future prospects in the mandarin oil market which should grow with a CAGR of 3.8% from 2017 to 2022 –
1) Mandarin oil is very uplifting and blends harmoniously with other essential oils such as grapefruit, orange, lemon, and lime. The aromatherapy segment is anticipated to contribute a fifth of the revenue share in the mandarin oil market i.e. a market opportunity of US$ 50 million at the end of the forecast period.
2) Mandarin oil has a number of health benefits as it is an antiseptic, antispasmodic, digestive, hepatic all rolled into one. Several studies have proven that mandarin oil is highly effective at treating nausea and anxiety. Mandarin oil may be able to develop analgesics for providing pain relief, protecting wounds and promoting collection of leucocytes and platelets at the wound. As mandarin oil is entirely natural, it has no side effects which makes it quite popular as an antispasmodic that cures any breathing or digestive issues. A few drops of mandarin oil improve blood circulation and even aid digestion by discharging bile and digestive juices in the stomach, thereby increasing a person’s appetite. Mandarin oil is also good for the liver as it assists bile discharge and protects the organ from infection. Thus, it isn’t surprising that mandarin oil is used in the food & beverage industry in a variety of roles. The food & beverage segment is poised to be worth US$ 20 million in Europe alone, making it extremely lucrative.
3) Mandarin oil helps reinvigorate the skin by improving lymph and blood circulation. Mandarin oil is thought to promote new tissue and cell growth, thereby reviving the skin. Mandarin oil is perfect for those who have oily skin and it functions as a balancing oil. Mandarin oil can be safely used by pregnant women, children, and the elderly. In short, it is perfect for any and every form of skin which explains its popularity in the cosmetics segment. The cosmetics segment of the mandarin oil market is predicted to be US$ 30 million by end 2022.
4) The modern trade segment is projected to have a revenue of approx. 2/5th the mandarin oil market by distribution segment which equates to a value of US$ 90 million by the end of the five year period.
Trade Segment Much Larger than Franchise Outlet in Mandarin Oil Market
The trade segment is nearly twice the size of the franchise outlet segment in the mandarin oil market by revenue share and is on track to be worth more than US$ 90 million at the end of 2022. Europe is a particularly attractive region as it is poised to witness the highest CAGR of 5% for the period from 2017 to 2022. The franchise outlet segment is only anticipated to near a revenue share of 1/5th in the mandarin oil market by distribution channel. Along with Europe, key stakeholders would be advised to target North America.
Online Segment Might Boom In the Mandarin Oil Market
Even though the online segment accounts for just a fifth of the revenue in the mandarin oil market, there is a strong possibility that this distribution channel could become increasingly important in the days ahead. Improving Internet connectivity in emerging markets coupled with the falling prices of data and smartphones are expected to make online retail critical and companies are recommended to account for this in this plans. Europe represents approx. 2/5th of the contribution to the online channel and it is projected to retain this share and have a value of nearly US$ 23 million in 2022.
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Natural Segment Critical in the Mandarin Oil Market
The natural segment has a 3/4th revenue share in the mandarin oil market and it is estimated to rise to nearly US$ 170 million by end 2022. Europe and Latin America are likely to grow with a CAGR considerably higher than that of other regions in the mandarin oil market.
Competition Tracking
The report also highlights key manufacturers in the global market for mandarin oil, which include Fischer S/A - Com. Ind. e Agricultura (Citrosuco Paulista SA), Bontoux S.A.S, Lionel Hitchen Essential Oils Ltd., Symrise AG, Young Living Essential Oils LC, Citrus and Allied Essences Ltd., Mountain Rose Herbs, Inc., doTERRA International, LLC, Plant Therapy Essential Oils, and Biolandes.
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