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How Has the Orange Terpenes Market Size Changed, over the years?

The market size of orange terpenes has seen substantial growth in the past few years. The market is projected to increase from $5.43 billion in 2024 to $5.9 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%. The historical growth can be credited to the expansion of essential oils, broadening beverage industry, a surge in consumer preference towards organic food, increased awareness about the advantages of natural aromatics, and an escalating demand for bio-based chemicals.

How Much Will the Orange Terpenes Market Be Worth in 2029?

There is a prediction for robust amplification in the size of the orange terpenes market in the forthcoming years. By 2029, it is poised to escalate to $8.15 billion, with a compound annual growth rate (CAGR) of 8.4%. The projected growth can be owed to factors like the increasingly prevalent usage of orange terpenes in animal sustenance, the escalating popularity of products derived from citrus, a heightened demand for natural enhancers of flavor, a growing trend among consumers preferring products free from chemicals, and the mounting investment in research and development. Noteworthy trends anticipated in the forecast period encompass advancements in the technology for green extraction, the application of artificial intelligence (AI) and machine learning in processes for quality control, technologies of nanoencapsulation, the utilization of automated systems for distillation, and the technology of blockchain.

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Which is the Largest Company in the Orange Terpenes Market?

Major companies operating in the orange terpenes market are Archer-Daniels-Midland Company, Univar Solutions Inc., Firmenich SA, Symrise AG, Döhler Group SE, Sigma-Aldrich Corp, Citrosuco S.A., Robertet SA, Berjé Inc., Lebermuth Company, Ernesto Ventós S.A., Vigon International Inc., Ultra International B.V., Astrra Chemicals, Florida Chemical Company, Lemonconcentrate SLU, De Monchy Aromatics Limited, Graham Chemical Corporation, Pell Wall, Himalaya Terpenes Pvt Ltd., Jiangxi Global Natural Spice Co. Ltd

What Are the Main Market Drivers in the Orange Terpenes Industry?

The upward trend in the inclination towards organic products is predicted to boost the expansion of the orange terpenes market in the future. Organic products, grown and manufactured devoid of any synthetic chemicals, pesticides, or genetically modified organisms (GMOs), adhere to stringent guidelines designed for preservation of the environment and animal welfare. The increased consumer consciousness regarding health and environment issues is primarily fueling the demand for organic alternatives, steering people towards safer, chemical-free choices. Orange terpene, an organic substance derived from orange peels, is leveraged in organic products as a natural solvent and aroma, offering a greener substitute for artificial ingredients. For example, a survey from June 2022 by the Organic Trade Association (OTA), a US-based commerce association for the organic sector, revealed that the sales of the organic industry exceeded $63 billion, with a total growth of $1.4 billion (2%) from the previous year. Moreover, over 90% of organic product sales were attributed to organic food, which witnessed a 2% uptick, amounting to $57.5 billion. Hence, the increasing propensity towards organic products is fueling the progression of the orange terpenes market.

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How Is the Orange Terpenes Market Segments Structured?

The orange terpenesmarket covered in this report is segmented –

1) By Product Type: Alpha-Pinene, Beta-Pinene, Limonene, Myrcene, Other Product Types

2) By Form: Liquid, Powder

3) By Source: Sweet Orange, Bitter Orange, Tangerine, Other Sources

4) By Extraction Method: Steam Distillation, Cold Press Extraction, Solvent Extraction, Supercritical Fluid Extraction

5) By End-Use Industry: Food And Beverage, Personal Care And Cosmetics, Household Care, Pharmaceuticals, Industrial Cleaning, Other End-Use Industries

Subsegments:

1) By Alpha-Pinene: Natural Alpha-Pinene, Synthetic Alpha-Pinene, Applications In Pharmaceuticals, Applications In Fragrances And Flavors

2) By Beta-Pinene: Natural Beta-Pinene, Synthetic Beta-Pinene, Applications In Fragrances, Applications In Personal Care Products

3) By Limonene: D-Limonene, L-Limonene, Applications In Cleaning Products, Applications In Food Flavoring, Applications In Cosmetics

4) By Myrcene: Natural Myrcene, Synthetic Myrcene, Applications In Aromatherapy, Applications In Food and Beverages

5) By Other Product Types: Terpinene, Cymene, Camphene, Fenchene

Which Industry Trends Are Shaping the Future of the Orange Terpenes Market?

Leading firms in the orange terpene industry are innovating tangy-flavored still water to meet the expanding consumer appetite for invigorating, naturally flavored drinks. This tangy flavored still water is an invigorating beverage that blends regular water with a lively, acidic taste, typically from authentic fruit essences, offering flavor without side effects of additional sugars or calories. For example, in April 2024, a U.S. beverage firm, Hint, Inc., introduced Tangerine Hint, a newly-flavored still water that imparts a robust taste and is devoid of sugar, sweeteners, and calories. This beverage, enriched with pure fruit essences, delivers a genuine tangerine flavor.

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Which Global Regions Offer the Highest Growth in the Orange Terpenes Market?

North America was the largest region in the orange terpenes market in 2024. The regions covered in the orange terpenes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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This Report Delivers Insight On:

1. How big is the orange terpenes market, and how is it changing globally?

2. Who are the major companies in the orange terpenes market, and how are they performing?

3. What are the key opportunities and risks in the orange terpenes market right now?

4. Which products or customer segments are growing the most in the orange terpenes market?

5. What factors are helping or slowing down the growth of the orange terpenes market?

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