Published Date: 2019-07-17 | Views: 48 | Food & Beverages
QYR Consulting has announced a release of a new report,” Global Tea Tree Oil Market Report, History and Forecast 2014-2025.” According to this report, the global Tea Tree market is forecasted to be valued US$ 47 Mn by the end of 2025 from US$ 31 Mn in the year 2018. The global Tea Tree Oil market it is expected to grow with a moderate CAGR of 5.3% throughout the projected period.
Melaleuca alternifolia popularly known as Tea Tree is a small tree originated in the Northeast coast of New South Wales and Southeast Queensland in Australia. Tea Tree oil has antiseptic properties and this is the precise reason that the use of Tea Tree Oil in the healthcare sector has increased in past few years. Growing demand for Tea Tree Oil in the cosmetic and personal care sector prognosticated to raise the market growth in the years to come.
Global Tea Tree Oil: Regional Analysis
Increasing awareness about the health benefits of Tea Tree Oil is boosting the market growth in Asia- Pacific and North America. In the global Tea Tree Oil market, Australia is likely to hold the largest share of Tea Tree Oil production. There are several other countries such as South Africa, China, Indonesia, Kenya, and Thailand which are ahead in the production of Tea Tree Oil. Nevertheless, North America dominates the Tea Tree Oil market. Growing use of Tea Tree oil in skincare and the cosmetic industry has anticipated to grow the market in North America. The global Tea Tree Oil market is expected to attain lucrative growth in the Europe region in the years to come.
Global Tea Tree Oil Market: Drivers
The important factors fuelling the growth of Tea Tree oil market across the globe are growing demand for herbal, natural and organic cosmetic products. Tea Tree Oil has a wide application with a higher rate of demand in the cosmetic industry for the production of body lotions, shampoos, skin clearing lotions, shower gel, conditioners, face creams, hand wash sanitizers and deodorants. The other factors which are boosting the market growth are a rise in disposable income, increasing awareness towards the advantages of Tea Tree Oil, and the growing urban population.
Tea Tree Oil market is foreseen to grow remarkably in healthcare industry. Tea Tree Oil has antifungal, antibacterial, and antiseptic properties, thus propelling the demand for Tea Tree Oil in the healthcare and personal care industry. It is used also used in ointments, for dental care, cold, fungal infections, and in other medical products.
Global Tea Tree Oil: Segmental Analysis
Global Tea Tree Oil market is segmented into products and application. On the basis of product, the market is primarily segmented into Pharmaceutical Grade Oil and Premium Grade Oil. While, based on the end-user, the market is segmented into Medicine, Skincare Products, and Others. By application, skincare and cosmetic market dominate the global Tea Tree Oil market. It is foretold that the global Tea Tree market is expanding at a faster pace during the forecasted period. While, Other segment is predicted to rank low as per the attractiveness index.
Global Tea Tree Oil: Key Players
The major key players operating in the Tea Tree Oil market are Maria River Plantation, Main Camp, Nandu Biology, Cassegrain Kalara, Coromandel Mountains, NATTO, SOiL, Fuyang Biotechnology, LvHuan Technology, Jenbrook, G.R. Davis, Bestdo Technology, Thursday Plantation, and Oribi Oils.