Tea Tree Oil Market Overview
Tea Tree Oil market size
was estimated at $50.23 million in 2020, growing at a CAGR of 5.94% during the
forecast period 2021-2026. Tea tree oil
is made from the leaves of Melaleuca alternifolia, a small tree native to New South
Wales and Queensland in Australia. It has papery bark, a bushy crown, and pale
bark. Anti-inflammatory, antibacterial, antifungal, and antiviral
properties are all found in tea tree oil. Tea tree oil can be used to treat acne,
contact dermatitis, athlete's foot, and other skin conditions also it has
a Camphoraceous
odor. If tea tree oil is ingested, it is poisonous. Vomiting, hallucinations,
nausea, dizziness, weakness, sleepiness, diarrhea, coma, blood cell
abnormalities, and severe rashes are all possible side effects.
Tea tree oil
has several chemicals that can help fight viruses, germs, and fungi. It contains
Terpene hydrocarbons, Terpinen-4-ol, and
other components. Tea tree oil's antimicrobial properties make it a beneficial
ingredient in a variety of soaps and lotions for treating bacterial and fungal
skin infections. Increasing demand for tea tree oil in the personal care
industry across the globe is the major factor driving the growth of the market.
Increasing preference for healthy natural products is set to further enhance
the overall market development of the Tea Tree Oil Market for the period
2021-2026.
Report Coverage
The report: “Tea Tree Oil Market Forecast
(2021-2026)”, by Industry ARC, covers an in-depth
analysis of the following segments of the Tea Tree Oil Market.
Key Takeaways
- The Asia Pacific dominated the Tea
Tree Oil Market in 2020 owing to the rising demand for natural skincare
products among the people in the region. The Tea Tree Oil Market scope for
different regions will be provided in the final report.
- Increasing awareness about the benefits
of tea tree oil is set to aid the market growth of the Tea Tree Oil Market
report.
- Detailed analysis of the Strength,
Weakness, and Opportunities of the prominent players operating in the market
will be provided in the Tea Tree Oil Market report.
- Growing concern about the quality of
the product is poised to create hurdles for the Tea Tree Oil Market.
Tea Tree Oil Market Revenue Share, By Geography, 2020(%)
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Tea Tree Oil Market Segment Analysis – By Application
Based on application, the market for Tea Tree
Oil is segmented into Cosmetics & Toiletries, and Therapeutics. Cosmetics &
Toiletries held the largest share in the Tea Tree Oil
market and it is estimated to register a higher CAGR of 6.02%
during the forecast period 2021-2026. Tea tree oil is widely used in the
production of various cosmetics & Toiletries products such as cleansing
soaps, deodorants, hand wash sanitizers, and face creams,
shampoo &
conditioners, skin-clearing lotions, mouthwash, body lotions, shower gels, and
many others. Tea tree oil has antibacterial,
antiviral, and antifungal qualities, thus it's best to use it straight from the
bottle. Its antifungal qualities make it useful against a variety of fungal
infections of the scalp, skin, and toenails which increasing the Tea Tree Oil market.
Tea Tree Oil Market Segment Analysis – By End User
Based on end-user, the market for Tea Tree
Oil is categorized in FMCG Companies, Cosmetic Companies, Pharmaceutical
Companies, and Others. Cosmetic Companies held the largest share in the Tea
Tree Oil market. Tea Tree oil is mostly used by cosmetic
companies for the production of various skin care products as Tea-tree oil is
used to treat acne, eczema, skin diseases such as herpes, wounds, warts, burns,
insects bites, and nail mycosis which is increasing the Tea Tree
Oil market. However, Pharmaceutical companies are estimated to register a higher CAGR of 6.07% during the forecast
period 2021-2026 owing to the rising demand for tea tree oil for making
pharmaceutical products due to its anti-inflammatory and anaesthetic properties,
which helps to reduce swelling and pain while also preventing infections and
scarring.
Tea Tree Oil Market Segment Analysis – By Geography
Asia-Pacific dominated the Tea Tree Oil market with a major share of 39% in 2020. This is attributed to the rising demand for natural and clean label cosmetic products in this region. Furthermore, Increasing awareness about the benefits of tea tree oil enables to prevent infection among the people in the region is also contributing to the growth of the market.
However, North America is
estimated to grow at a higher CAGR during the forecast period 2021-2026 owing
to the increasing purchasing power of the people in this region. The increasing demand for tea tree oil from
cosmetic industry in this region is also increasing the growth of the market in
this region.
Tea Tree Oil Market Drivers
Increasing Usage of Tea Tree oil In Aromatherapy
Increasing usage
of tea tree oil in aromatherapy is increasing the growth of the Tea Tree Oil Market.
Aromatherapy is a holistic healing technique that promotes health and
well-being by using natural plant extracts. Tea tree oil is widely used in aromatherapy
as the ability to naturally support and strengthen immune system health and
fight infections since it reduces the negative sense of stress, which makes the
disease more likely. According to the
International Spa Association (ISPA), Spa visits
have been increasing each year across the globe. Additionally, the growing demand
for natural products among people is also predicted to increase the
growth of the Tea Tree Oil market during the forecast period 2021-2026.
Increasing Demand For Tea Tree Oil, As a result of Increasing Prevalence of Skin Cancer.
Increasing demand
for tea tree oil owing to the rising prevalence of skin cancer is increasing
the growth of the Tea Tree Oil market. Tea tree oil can fight against skin cancer owing to its
anti-inflammatory and antimicrobial properties also it has the ability to cure
skin cancer. According to the American Academy of Dermatology, In the United
States, skin cancer is the most frequent cancer. one out of
every five Americans will develop skin cancer. Moreover, growing awareness
about the health benefits of Tea Tree Oil among the people thereby is increasing
and leading to the market growth during the forecast period 2021-2026.
Tea Tree Oil Market Challenges
Depletion of Natural Resources and Concern about Quality of Tea Tree Oil.
The major factor that is set to impede the growth of the Tea Tree Oil market is the depletion of natural resources. Owing to the rise in population and industrialization which resulted in deforestation that leads to an increase in the number of trees are being cut. According to The World Counts, deforestation could lead to the extinction of up to 28,000 species in the next quarter-century and Natural disasters have deforested or destroyed 13 million hectares of forest. Another factor that hampers the growth of the market is the growing concern about the quality of the product among consumers.
Tea Tree Oil Market Landscape
Product
launches, mergers and acquisitions, joint ventures, and R&D activities are
key strategies adopted by players in the Tea Tree Oil Market. In 2020, the Tea
Tree Oil Market share is consolidated by the top ten players present in the
market. The Tea Tree Oil Market, the top 10 companies are
- Aos Product Pvt. Ltd.
- Coromandel Mountains Tea Tree Oil
Company
- Oribi Oils (Pty) Ltd.
- T.G.Cassegrain & Co Pty Ltd
- Jenbrook Pty Ltd.
- Young Living Essential Oils
- Maria River Plantation
- Plantlife, Inc
- The Sherwin-Williams Company
- NOW Foods
Tea Tree Oil Market Development
- In November 2019, Young Living Essential Oil has opened a new office in South Africa, the African continent's first Young Living market. This would assist the corporation in expanding its market in South Africa.
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LIST OF TABLES
1.Global TEA TREE OIL MARKET BY END USERS Market 2023-2030 ($M)1.1 FMCG MANUFACTURER Market 2023-2030 ($M) - Global Industry Research
1.2 COSMETIC COMPANIES Market 2023-2030 ($M) - Global Industry Research
1.3 PHARMACEUTICAL COMPANIES Market 2023-2030 ($M) - Global Industry Research
2.Global TEA TREE OIL MARKET BY GRADE Market 2023-2030 ($M)
2.1 PHARMA/COSMETIC GRADE Market 2023-2030 ($M) - Global Industry Research
2.2 THERAPEUTIC GRADE Market 2023-2030 ($M) - Global Industry Research
3.Global TEA TREE OIL MARKET BY END USERS Market 2023-2030 (Volume/Units)
3.1 FMCG MANUFACTURER Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 COSMETIC COMPANIES Market 2023-2030 (Volume/Units) - Global Industry Research
3.3 PHARMACEUTICAL COMPANIES Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global TEA TREE OIL MARKET BY GRADE Market 2023-2030 (Volume/Units)
4.1 PHARMA/COSMETIC GRADE Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 THERAPEUTIC GRADE Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America TEA TREE OIL MARKET BY END USERS Market 2023-2030 ($M)
5.1 FMCG MANUFACTURER Market 2023-2030 ($M) - Regional Industry Research
5.2 COSMETIC COMPANIES Market 2023-2030 ($M) - Regional Industry Research
5.3 PHARMACEUTICAL COMPANIES Market 2023-2030 ($M) - Regional Industry Research
6.North America TEA TREE OIL MARKET BY GRADE Market 2023-2030 ($M)
6.1 PHARMA/COSMETIC GRADE Market 2023-2030 ($M) - Regional Industry Research
6.2 THERAPEUTIC GRADE Market 2023-2030 ($M) - Regional Industry Research
7.South America TEA TREE OIL MARKET BY END USERS Market 2023-2030 ($M)
7.1 FMCG MANUFACTURER Market 2023-2030 ($M) - Regional Industry Research
7.2 COSMETIC COMPANIES Market 2023-2030 ($M) - Regional Industry Research
7.3 PHARMACEUTICAL COMPANIES Market 2023-2030 ($M) - Regional Industry Research
8.South America TEA TREE OIL MARKET BY GRADE Market 2023-2030 ($M)
8.1 PHARMA/COSMETIC GRADE Market 2023-2030 ($M) - Regional Industry Research
8.2 THERAPEUTIC GRADE Market 2023-2030 ($M) - Regional Industry Research
9.Europe TEA TREE OIL MARKET BY END USERS Market 2023-2030 ($M)
9.1 FMCG MANUFACTURER Market 2023-2030 ($M) - Regional Industry Research
9.2 COSMETIC COMPANIES Market 2023-2030 ($M) - Regional Industry Research
9.3 PHARMACEUTICAL COMPANIES Market 2023-2030 ($M) - Regional Industry Research
10.Europe TEA TREE OIL MARKET BY GRADE Market 2023-2030 ($M)
10.1 PHARMA/COSMETIC GRADE Market 2023-2030 ($M) - Regional Industry Research
10.2 THERAPEUTIC GRADE Market 2023-2030 ($M) - Regional Industry Research
11.APAC TEA TREE OIL MARKET BY END USERS Market 2023-2030 ($M)
11.1 FMCG MANUFACTURER Market 2023-2030 ($M) - Regional Industry Research
11.2 COSMETIC COMPANIES Market 2023-2030 ($M) - Regional Industry Research
11.3 PHARMACEUTICAL COMPANIES Market 2023-2030 ($M) - Regional Industry Research
12.APAC TEA TREE OIL MARKET BY GRADE Market 2023-2030 ($M)
12.1 PHARMA/COSMETIC GRADE Market 2023-2030 ($M) - Regional Industry Research
12.2 THERAPEUTIC GRADE Market 2023-2030 ($M) - Regional Industry Research
13.MENA TEA TREE OIL MARKET BY END USERS Market 2023-2030 ($M)
13.1 FMCG MANUFACTURER Market 2023-2030 ($M) - Regional Industry Research
13.2 COSMETIC COMPANIES Market 2023-2030 ($M) - Regional Industry Research
13.3 PHARMACEUTICAL COMPANIES Market 2023-2030 ($M) - Regional Industry Research
14.MENA TEA TREE OIL MARKET BY GRADE Market 2023-2030 ($M)
14.1 PHARMA/COSMETIC GRADE Market 2023-2030 ($M) - Regional Industry Research
14.2 THERAPEUTIC GRADE Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Tea Tree Oil Market Revenue, 2023-2030 ($M)2.Canada Tea Tree Oil Market Revenue, 2023-2030 ($M)
3.Mexico Tea Tree Oil Market Revenue, 2023-2030 ($M)
4.Brazil Tea Tree Oil Market Revenue, 2023-2030 ($M)
5.Argentina Tea Tree Oil Market Revenue, 2023-2030 ($M)
6.Peru Tea Tree Oil Market Revenue, 2023-2030 ($M)
7.Colombia Tea Tree Oil Market Revenue, 2023-2030 ($M)
8.Chile Tea Tree Oil Market Revenue, 2023-2030 ($M)
9.Rest of South America Tea Tree Oil Market Revenue, 2023-2030 ($M)
10.UK Tea Tree Oil Market Revenue, 2023-2030 ($M)
11.Germany Tea Tree Oil Market Revenue, 2023-2030 ($M)
12.France Tea Tree Oil Market Revenue, 2023-2030 ($M)
13.Italy Tea Tree Oil Market Revenue, 2023-2030 ($M)
14.Spain Tea Tree Oil Market Revenue, 2023-2030 ($M)
15.Rest of Europe Tea Tree Oil Market Revenue, 2023-2030 ($M)
16.China Tea Tree Oil Market Revenue, 2023-2030 ($M)
17.India Tea Tree Oil Market Revenue, 2023-2030 ($M)
18.Japan Tea Tree Oil Market Revenue, 2023-2030 ($M)
19.South Korea Tea Tree Oil Market Revenue, 2023-2030 ($M)
20.South Africa Tea Tree Oil Market Revenue, 2023-2030 ($M)
21.North America Tea Tree Oil By Application
22.South America Tea Tree Oil By Application
23.Europe Tea Tree Oil By Application
24.APAC Tea Tree Oil By Application
25.MENA Tea Tree Oil By Application
26.MAIN CAMP, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.G.R. DAVIS, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.MARIA RIVER PLANTATION, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.CASSEGRAIN KALARA, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.JENBROOK, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.LVHUAN TECHNOLOGY, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.COROMANDEL MOUNTAINS, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.FUYANG BIOTECHNOLOGY, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.ORIBI OILS, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.INTEGRIA HEALTHCARE, Sales /Revenue, 2015-2018 ($Mn/$Bn)