According to the latest report by IMARC Group, titled “Tea Tree Oil Market: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global tea tree oil market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global tea tree oil market reached a value of US$ 47.76 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 65.67 Million by 2027, exhibiting a CAGR of 5.20% during 2022-2027.
Tea Tree Oil Market Overview :
Tea tree oil refers to an essential oil extracted from the leaves of the melaleuca alternifolia plant. It contains anti-inflammatory, anti-fungal, anti-viral, and anti-bacterial properties and is consequently used to treat shingles, herpes, warts and cold sores. Diluted tea tree oil is used to manufacture skincare, cosmetic and personal care products such as body lotions, deodorants, shampoos, conditioners, sanitizers, face creams, and mouthwash.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Tea Tree Oil Market Trends and Drivers:
One of the primary factors driving the market is the changing preferences of the consumers toward natural cosmetic products and the rising awareness about the adverse effects of synthetic products.
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Additionally, the extensive application of tea tree oil in the pharmaceutical industry and the easy accessibility of this product across online and offline organized retail channels are propelling the market growth.
Besides this, extensive investments made by the key players for producing a stable concentration of tea tree oil, substantial investment in the research and development (R&D) activities, and the increasing disposable income levels are some growth-inducing factors.
|Tea Tree Oil Market Report Scope|
|Market size value in 2021||US$ 47.76 Million|
|Market forecast in 2027||US$ 65.67 Million|
|Growth Rate||CAGR of 5.20% from 2022 to 2027|
|Base year for estimation||2021|
Global Tea Tree Oil Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Coromandel Mountains Tea Tree Oil Company, G.R. Davis Pty Ltd., Integria Healthcare, Jenbrook Australia, Main Camp Natural Extracts Pty Ltd., Maria River Plantation, Naturally Australian Tea Tree Oil Pty Ltd (NATTo), NOW Foods, Oribi Oils (Pty) Ltd., T.G.Cassegrain & Co Pty Ltd., The Lebermuth Co. Inc. and Young Living Essential Oils LC.
The report has segmented the market on the basis of region, grade, distribution channel and end user.
Breakup by Grade:
- Pharma/Cosmetic Grade
- Therapeutic Grade
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Direct Sales
- Departmental Stores
- Online Stores
Market Breakup by End User:
- FMCG Manufacturer
- Cosmetic Companies
- Pharmaceutical Companies
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.