Tea Tree Oil Market 2022-2027: Size, Share and Forecast
According to the latest report by IMARC Group, titled “Global Tea Tree Oil Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, 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.
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Tea tree oil is a type of essential oil derived from the leaves of the native Australian plant called Melaleuca alternifolia. It appears colorless to pale yellow and offers numerous benefits, such as effectiveness against nail, skin, and scalp fungal infections. It is widely available in the market in diluted form and is distributed in concentrated form for commercial use. Since it possesses antibacterial, antiviral, and antifungal properties, tea tree oil is extensively used to treat herpes, cold sores, shingles, and warts.
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:
The global tea tree oil market is primarily driven by shifting consumer preferences toward cosmetics and personal care products made from natural ingredients. In addition, the growing awareness regarding the harmful side effects of synthetic chemicals and the rising popularity of organic and clean-label herbal products have escalated the product demand.
Moreover, the easy availability of tea tree oil via online and offline retail channels is positively driving market growth. Besides this, the surging product adoption in the pharmaceutical sector for formulating numerous medicinal products has catalyzed market growth.
Furthermore, the rising investments by key players for introducing stable concentrations of tea tree oil with higher efficacy are accelerating product sales. Other factors, including ongoing research and development (R&D) activities, changing lifestyles, rapid urbanization, and inflating consumer disposable incomes, are also anticipated to propel market growth.
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|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.
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