Global Tea Tree Oil Market to reach USD 66.91 million by 2027.
Global Tea Tree Oil Market is valued approximately at USD 45.69 Million in 2020 and is anticipated to grow with a healthy growth rate of more than 5.6% over the forecast period 2021-2027. Tea Tree Oil is a traditional medicine known for centuries used to treat skin, hair, nails diseases such as acne, ocular demodicosis, toenail fungus, athlete's foot and others. The global Tea Tree Oil market is being driven by growing prevalence of skin diseases. The rise in introduction of new cosmetic products with Tea Tree oil as an ingredient is driving the market. For instance: in 2021, Oshea Organic launched Tea Tree Pure Essential Oil to treat several skin and hair problems. Also, in 2021, Mamaearth Company launched tea tree oil for hair. Furthermore, the growing awareness about the benefits of the Tea Tree Oil and expanding online retailing which makes the product available to large section of customers will provide new opportunities for the global Tea Tree Oil industry. However, limited availability of Tea Tree plants in the world may impede market growth over the forecast period of 2021-2027.
The global Tea Tree Oil Market is analyzed across the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading region across the world in terms of market share due to presence of established companies of cosmetics and pharmaceutical and large prevalence of skin & hair diseases in the region. Whereas Asia Pacific is anticipated to exhibit the highest CAGR over the forecast period 2021-2027 due to the high consumption of cosmetic products and increasing awareness regarding the usage of natural products in the region.
Major market player included in this report are:
Main Camp Natural Extract Pty Ltd.
G.R. Davis
Maria River Plantation
Cassegrain Kalara
Jenbrook
LvHuan Technology
Coromandel Mountains
Fuyang Biotechnology
Oribi Oils
Integria Healthcare
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Grade offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Grade Type:
Pharma/Cosmetic Grade
Therapeutic Grade
By End User:
FMCG Manufacturer
Cosmetic Companies
Pharmaceutical Companies
Others
By Application:
Cosmetics & Toiletries Application
Therapeutics Application
Industrial Application
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.
Target Audience of the Global Tea Tree Oil Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors