Orange Terpenes Market Analysis

Application (Homecare, Industrial, Pharmaceutical, Personal Care, Food)

The global orange terpenes 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 a higher trajectory of growth by garnering 27% of the market share by the end of 2037. The significant growth is responsible for the back of rising population with an increase in the number of households where cleaning solutions are employed for sanitation and protection against germs. In the United States alone, there were 122,354,219 million households and growing, as of 2020, according to the United States Census Bureau. Orange terpenes fight against infestation and also add a fruity aroma to the scrubbed area. Therefore, an increase in demand for perfumes, sprays, and fragrant items is expected to drive the growth of the application of orange terpenes in homecare settings during the analysis period.

Purity (98% Purity, 99% Purity)

The global orange terpenes market is also segmented and analyzed for demand and supply by purity into 98% purity and 99% purity. Out of these, the 99% purity segment is attributed to holding a significant share with a 22% market share and a steady CAGR value. The major factor projected to segment growth is the rising need for pure orange terpenes which are derived naturally from natural extracts for making cosmetics and personal care products. Furthermore, orange terpenes with 99% purity have enhanced properties and characteristics as compared to orange terpenes with less purity value. 

Our in-depth analysis of the global market includes the following segments: