Tangerine Preserves Market: Industry Analysis and Forecast (2022-2027) by Type, Application, Distribution Channel and Region

Tangerine Preserves Market size was valued at US$ 0.99 Bn. in 2021 and the total revenue is expected to grow at 4.5% through 2022 to 2027, reaching nearly US$ 1.30 Bn.
Tangerine Preserves Market Overview:
Tangerines, commonly known as citrus tangerines, are a variety of orange-colored citrus fruits that are mandarin orange hybrids. Tangerines are the fruit of a thin evergreen tree with multiple spiky branchlets that grows between 4 and 6 metres tall. The spines are either short or non-existent. The serrate leaves are lanceolate to ovate-lanceolate and measure 6 to 8 cm in length. When compared to regular oranges, tangerines are less rounded and smaller. The fruit has a less sour, sweeter, and more powerful flavor than an orange. They are commonly consumed as part of a healthy diet, particularly by persons who suffer from indigestion, asthma, or clogged arteries. Consumers include it in their regular diet as a dessert, breakfast, or as a significant ingredient in breakfast or any other food arrangement due to its various nutritional values.



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Tangerine fruits are classified as non-climacteric, which means they must be harvested at the appropriate period in terms of juice volume, sugar and acid content, and maturity. As a result, special attention is required during the harvest in order to provide high-quality fruit to the market. This fruit is high in folate, which helps to maintain healthy red blood cells. During pregnancy, folate helps to prevent neural tube birth abnormalities. Folate aids in the development and maintenance of new somatic cells.

During pregnancy and infancy, it is critical for fast growth and cell division. Tangerines have the same potassium level as bananas and are low in salt, which may reduce the risk of high blood pressure and stroke. It is also a source of Vitamin C, Vitamin D, Calcium, and other nutrients that provide health advantages, and it is in high demand among children as a result. Tangerine's nutritional value is a major factor propelling the market. The buyer primarily uses it in puddings, baked goods, ice cream, and toast. Tangerine preserves refer to a type of jam or jelly that is produced from tangerine
Tangerine Preserves Market Dynamics:
The rising popularity of tangerine preserves for breakfast and rising demand for the items, particularly from children, are driving market growth globally. Other major factors driving market growth during the forecast period include an increase in the number of health-conscious people and their increased need for healthy and sanitary foods.

The increased availability of tangerine preserves in a variety of flavors, as well as their increasing use in cake and dairy items, are driving and propelling market growth. However, the lack of a global tangerine supply chain and fluctuating fruit prices are the major restraints that could limit market growth over the forecast period.

The unfavorable impact of the COVID-19 pandemic is predicted to stifle market growth between 2019 and 2020. Over the next several years, the widespread introduction of high-quality, organic tangerine goods can provide significant market growth potential. Large investments in R&D activities in the food industry in pursuit of new applications are creating enormous potential opportunities for the market in the future years.

Driving Factors:

In the Tangerine Preserves Market, rising disposable income is a major growth factor. Since more people are accessing social media and more people are joining up for it, celebrities and others are using it to discuss their ideas for innovative applications and earn popularity. People are being introduced to and sharing the most recent recipes, including nutritious foods for children. These factors are driving up demand for tangerines, which is driving the Tangerine Preserves Market.

Currently, the producers are concentrating on producing tangerine preserves utilizing natural sweeteners such as high fructose syrup and real fruit ingredients instead of artificial colors and tastes. Tangerine is popular among customers because of its numerous health benefits.

Restraining Factors:

The Tangerine Preserves Market faces a number of problems, including the growing popularity of organic foods and greater health consciousness. The Tangerine Preserves Market is expected to be impacted by rising consumer consciousness about food choices and nutritional value.

The main restraint for the Tangerine Preserves Market is that it must be consumed in huge quantities. Tangerines, especially when consumed in big numbers, can cause more harm than good, especially in children. Tangerine can induce allergic responses as well as skin irritation and rashes. However, one should take it in moderation, as this restrains the Tangerine Preserves Market's growth.
Tangerine Preserves Market Segment Analysis:
Based on Type, The Tangerine Preserves Market is segmented into Jam, Filling and Others. Due to increased demand for tangerine preserves in various food items such as baked goods and ice creams, the tangerine filling segment is predicted to have a strong market share throughout the forecast period.

The jam segment is expected to develop significantly in the coming years, owing to rising consumer demand for low-sugar jam as a result of increased health consciousness and widespread use of jam products in breakfast preparation.

Based on Application, The Tangerine Preserves Market is segmented into Dairy Industry, Baked Product Industry, Ice-Cream Industry and Others. Since tangerine preserves are widely used in the manufacture of numerous dairy-related food items, the dairy industry is expected to hold a significant portion of the market during the forecasted years. This is partly due to an increase in the population's disposable money, which has made the Tangerine Preserves Market more appealing. Due to high demand from consumers with lactose intolerance or milk allergy who cannot consume milk products but can consume dairy substitutes such as yoghurt or cheese made with soy milk, the dairy industry accounted for over 50% of the market in 2017.

The ice-cream industry accounted for less than 10% of the market in 2021, owing to no significant change observed during the forecast period. Meanwhile, due to rising demand for baked goods and the expanding use of preserves in the manufacture of products like cakes and muffins, the baked goods market is expected to rise rapidly in the future years.



Based on Distribution Channel, The Tangerine Preserves Market is segmented into Supermarkets, Grocery Stores, Online and Others the basis of application. The supermarket segment has a large market share since it offers a wide variety of products and is easily accessible. Due to the large availability of many types of preserves and convenient accessibility, the supermarket segment is expected to increase at a significant rate during the forecasted period. However, due to the growing desire for online shopping among consumers and the availability of large discounts and other incentive offers, the online retail industry is expected to increase at a rapid rate throughout the forecasted years. The ongoing COVID-19 pandemic, which has driven offline stores around the world to close, is largely to blame for the surge in internet retail.


Tangerine Preserves Market Regional Insights:
Due to expanding consumption of tangerine preserves or juice in various food industry applications and growing awareness of the product's health advantages, Asia Pacific is likely to account for a significant part of the market during the forecast period. This is mostly attributed to rising disposable income and increased urbanisation in these countries. Tangerine jam is used in a variety of food applications by consumers. This region is also seeing an increase in fitness and health consciousness, with customers being more cautious of what they eat. Manufacturers are attempting to stay up with the trend and are concentrating their efforts on that region in order to launch healthy and organic products.

North America is seeing a surge in demand for convenient foods, which is driving the tangerine preserves market to grow. North American businesses use sugar substitutes such as pectin and ripe and semi-ripe fruits to make their products more flavorful and vibrant. Other flavors, such as sweet and smoky and sweet and tangy, are also gaining traction in the market.

However, due to the widespread use of tangerine preserves as a fundamental breakfast item, the European market is expected to account for a significant portion of the industry in the coming years.

The objective of the report is to present a complete picture of global Tangerine Preserves market. Data from past years is compiled to anticipate the future prospects of this market. Porter's five forces help to identify where power lies in a business situation. This is useful both in understanding the strength of an organisation's current competitive position, and the strength of a position that an organisation may look to move into. The report helps in identifying competitive rivalry currently running in the Tangerine Preserves market. It also helps to understand bargaining power of suppliers and consumers.

The report also presents PESTLE analysis which helps to gain a macro picture of Tangerine Preserves market. Political factors help to identify the influence of government over Tangerine Preserves market. Economic factors a have direct impact on a company’s long-term prospects in a market. The economic environment may affect how a company dealing in Tangerine Preserves price their products or influence the supply and demand model. Social factors, such as demographics and culture can impact the Tangerine Preserves market by influencing peak buying periods, purchasing habits, and lifestyle choices. Technological factors may have a direct or an indirect influence on an industry. The legal and regulatory environment can affect the policies and procedures of an industry, and can control employment, safety and regulations. Environmental factors include all those relating to the physical environment and to general environmental protection requirements.
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Global Tangerine Preserves Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2027


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 0.99 Bn.


Forecast Period 2022 to 2027 CAGR:
4.5%
Market Size in 2027:
US $ 1.30 Bn.


 Segments Covered:
by Type
• Jam
• Filling
• Others


by Application
• Dairy Industry
• Baked Product Industry
• Ice-Cream Industry
• Others


by Distribution Channel
• Supermarkets
• Grocery Stores
• Online
• Others



Tangerine Preserves Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Tangerine Preserves Market Key Players
• AGRANA (Austria)
• Skinny Food Co. (UK)
• ZENTIS (Germany)
• Valio (Finland)
• Fresh Food Industries (India)
• Tree Top (US)
• ANDROS (France)
• Smucker (US)
• Ingredion (US)
• SVZ International (Netherlands)
• Dohler (Germany)
• Frulact (Portugal)
• Zuegg (Italy)
• Fourayes (England)
• Puratos (Belgium)
• Hero (Switzerland)
• Stonewall Kitchen (US)
• Tiptree (US)

Frequently Asked Questions:

1. What is the CAGR of the Tangerine Preserves Market in the forecast period (2022-27)?
Ans. Tangerine Preserves Market revenue is expected to grow at 4.5% through 2022 to 2027

2. Who are the key players in the Tangerine Preserves Market?
Ans. AGRANA (Austria), Skinny Food Co. (UK), ZENTIS (Germany), Valio (Finland), Fresh Food Industries (India), Tree Top (US), ANDROS (France), Smucker (US), Ingredion (US), SVZ International (Netherlands), Dohler (Germany), Frulact (Portugal), Zuegg (Italy), Fourayes (England), Puratos (Belgium), Hero (Switzerland), Stonewall Kitchen (US) and Tiptree (US) are the key players in Tangerine Preserves Market.

3. Which are the product types in the Tangerine Preserves Market?
Ans. Jam, Filling and Others are the product types in the Tangerine Preserves Market.

4. What segments are covered in the Tangerine Preserves Market report?
Ans. The segments covered in Tangerine Preserves Market report are based on type, application, distribution channel and region.

5. What is the forecast period for the Tangerine Preserves Market?
Ans. The forecast period for the Tangerine Preserves Market is 2022-2027.