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.
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.
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.
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.
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.
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