This report provides exclusive insights into the COVID-19 impact on the Tea Tree Oil Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Tea Tree Oil Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Tea Tree Oil Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on tea tree
oil market provides in-depth analysis of segments and sub-segments in the
global as well as regional tea tree oil market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
tea tree oil market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of global tea
tree oil market. According to the report, the global tea tree oil market is projected
to grow at a CAGR of 5.69% over the forecast period of 2019-2025.
Market Insight
The cosmetic and health care products are shifting their focus
from chemical based product formulations to herbal and natural product
formulations. This change in the industry has provided good scope for the
herbal and natural ingredients supplier. Tea tree oil is one of the herbal and
natural ingredients that has found its application in various products
including cosmetics, toiletries, personal care products, and medicines. Tea
tree oil has several health benefits that have made it a strong candidate for
cosmetics and medicines as well as food products. The major tea tree oil
producers including New Zealand Coromandel Mountains Tea Tree Oil Company Ltd.,
Naturally Australian Tea Tree Oil Pty Ltd, Main Camp Natural Extracts CAN, GR
Davis Pty Ltd, Jenbrook Pty Ltd and others are situated in Australia and New
Zealand. The tea tree oil market is fragmented with more local players
competing with each other.
The increase in the demand for natural, herbal and organic
products is majorly driving the tea tree oil market. Moreover, the rise in
awareness among consumers regarding the health benefits of tea tree oil is
expanding its demand. Tea tree oil is used in the treatment of skin problems
including infections, acne, scrapes, and rashes. While tea tree oil is also
proven to demonstrate antiseptic properties. Furthermore, the growing
urbanization and increasing disposable income of the population is supporting
the growth of the tea tree oil market. However, the high cost associated with
the harvesting and processing of tea tree oil is the major restraining factor
for the growth of the tea tree oil market. Nevertheless, the efforts of
cosmetic and pharma companies to develop cost-effective formulations of
products containing tea tree oil are expected to offer lucrative opportunities
for the key players in the tea tree oil market.
Region-wise, North America generated the highest revenue for tea
tree oil, dominating the global market. The largest market share of North
America attributed to the rise in the demand for natural and herbal ingredients
in products and growing awareness regarding health benefits among the consumers
in this region. Moreover, the higher expenditure on cosmetics in the region is
expected to boost the growth of the tea tree oil market in North America.
Segment Covered
The report on global tea tree oil market covers segments such as
application, end user, and distribution channel. On the basis of application,
the sub-markets include cosmetics, personal care, health care, and other
applications. On the basis of end user, the sub-markets include FMCG companies,
cosmetic companies, pharmaceutical companies, and other end users. On the basis
of distribution channel, the sub-markets include supermarket/hypermarket,
wholesalers/distributors, departmental stores, e-commerce stores, and other
distribution channels.
Companies Profiled:
The report provides profiles of the companies in the market such
as Young Living Essential Oils, Oribi Oils (Pty) Ltd., Nature's Remedies, AOS
Products Pvt Ltd., NOW Health Group, Inc., New Zealand Coromandel Mountains Tea
Tree Oil Company Ltd., Naturally Australian Tea Tree Oil Pty Ltd, Main Camp
Natural Extracts ACN, GR Davis Pty Ltd., Jenbrook Pty Ltd., and Other
Companies.
Report Highlights:
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of tea tree oil
market. Moreover, the study highlights current market trends and provides
forecast from 2019-2025. We also have highlighted future trends in the market
that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.