Tea Tree Oil Market - Forecast(2023 - 2028)

Report Code: FBR 94865 Report Format: PDF + Excel

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.

By Grade: Pharma Grade, Cosmetic Grade, and Therapeutic Grade.
By Application: Cosmetic & Toiletries, and Therapeutics.
By End User: FMCG Companies, Cosmetic Companies, Pharmaceutical Companies, and Others.
By Geography: North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (Middle East, and Africa)

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(%)

Tea Tree Oil Market

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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

  1. Aos Product Pvt. Ltd.
  2. Coromandel Mountains Tea Tree Oil Company
  3. Oribi Oils (Pty) Ltd.
  4. T.G.Cassegrain & Co Pty Ltd
  5. Jenbrook Pty Ltd.
  6. Young Living Essential Oils
  7.  Maria River Plantation
  8.  Plantlife, Inc
  9. The Sherwin-Williams Company
  10.  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.

Relevant Titles:

Report Code: FBR 57692

Report Code: AGR 0046

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1. Tea Tree Oil Market - Overview
    1.1 Definitions and Scope
2. Tea Tree Oil Market - Executive Summary
    2.1 Market Revenue and Key Trends
    2.2 Key trends by Grade
    2.3 Key trends by Application
    2.4 Key trends by End User
    2.5 Key trends by Geography
3. Tea Tree Oil Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis- Average Selling Price
4. Tea Tree Oil Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. Tea Tree Oil Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Tea Tree Oil Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Tea Tree Oil Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Tea Tree Oil Market – By Grade (Market Size –$Million/$Billion)
    8.1 Pharma Grade
    8.2 Cosmetic Grade
    8.3 Therapeutic Grade
9. Tea Tree Oil Market – By Application (Market Size –$Million/$Billion)
    9.1 Cosmetic & Toiletries
    9.2 Therapeutics.
10. Tea Tree Oil Market - By End User(Market Size –$Million/$Billion)
    10.1 FMCG Companies
    10.2 Cosmetic Companies
    10.3 Pharmaceutical Companies
    10.4 Others
11. Tea Tree Oil Market - By Geography(Market Size –$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Mexico
        11.1.3 Canada
    11.2 Europe
        11.2.1 U.K.
        11.2.2 France
        11.2.3 Germany
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Russia
        11.2.7 Rest of Europe
    11.3 Asia Pacific
        11.3.1 China
        11.3.2 India
        11.3.3 Japan
        11.3.4 South Korea
        11.3.5 Australia & New Zealand
        11.3.6 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Others
    11.5 Rest of the World
        11.5.1 Middle East
        11.5.2 Africa
12. Tea Tree Oil Market - Entropy
13. Tea Tree Oil Market – Industry/Segment Competition Landscape Premium
    13.1 Market Share Analysis
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Countries – Key Companies
        13.1.4 Competition Matrix
        13.1.5 Best Practices for Companies
14. Tea Tree Oil Market – Key Company List by Country Premium Premium
15. Tea Tree Oil Market Company Analysis (Company Revenue, Product, M&A, Developments)
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”. 

LIST OF TABLES

1.Global TEA TREE OIL MARKET BY END USERS Market 2019-2024 ($M)
1.1 FMCG MANUFACTURER Market 2019-2024 ($M) - Global Industry Research
1.2 COSMETIC COMPANIES Market 2019-2024 ($M) - Global Industry Research
1.3 PHARMACEUTICAL COMPANIES Market 2019-2024 ($M) - Global Industry Research
2.Global TEA TREE OIL MARKET BY GRADE Market 2019-2024 ($M)
2.1 PHARMA/COSMETIC GRADE Market 2019-2024 ($M) - Global Industry Research
2.2 THERAPEUTIC GRADE Market 2019-2024 ($M) - Global Industry Research
3.Global TEA TREE OIL MARKET BY END USERS Market 2019-2024 (Volume/Units)
3.1 FMCG MANUFACTURER Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 COSMETIC COMPANIES Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 PHARMACEUTICAL COMPANIES Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global TEA TREE OIL MARKET BY GRADE Market 2019-2024 (Volume/Units)
4.1 PHARMA/COSMETIC GRADE Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 THERAPEUTIC GRADE Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America TEA TREE OIL MARKET BY END USERS Market 2019-2024 ($M)
5.1 FMCG MANUFACTURER Market 2019-2024 ($M) - Regional Industry Research
5.2 COSMETIC COMPANIES Market 2019-2024 ($M) - Regional Industry Research
5.3 PHARMACEUTICAL COMPANIES Market 2019-2024 ($M) - Regional Industry Research
6.North America TEA TREE OIL MARKET BY GRADE Market 2019-2024 ($M)
6.1 PHARMA/COSMETIC GRADE Market 2019-2024 ($M) - Regional Industry Research
6.2 THERAPEUTIC GRADE Market 2019-2024 ($M) - Regional Industry Research
7.South America TEA TREE OIL MARKET BY END USERS Market 2019-2024 ($M)
7.1 FMCG MANUFACTURER Market 2019-2024 ($M) - Regional Industry Research
7.2 COSMETIC COMPANIES Market 2019-2024 ($M) - Regional Industry Research
7.3 PHARMACEUTICAL COMPANIES Market 2019-2024 ($M) - Regional Industry Research
8.South America TEA TREE OIL MARKET BY GRADE Market 2019-2024 ($M)
8.1 PHARMA/COSMETIC GRADE Market 2019-2024 ($M) - Regional Industry Research
8.2 THERAPEUTIC GRADE Market 2019-2024 ($M) - Regional Industry Research
9.Europe TEA TREE OIL MARKET BY END USERS Market 2019-2024 ($M)
9.1 FMCG MANUFACTURER Market 2019-2024 ($M) - Regional Industry Research
9.2 COSMETIC COMPANIES Market 2019-2024 ($M) - Regional Industry Research
9.3 PHARMACEUTICAL COMPANIES Market 2019-2024 ($M) - Regional Industry Research
10.Europe TEA TREE OIL MARKET BY GRADE Market 2019-2024 ($M)
10.1 PHARMA/COSMETIC GRADE Market 2019-2024 ($M) - Regional Industry Research
10.2 THERAPEUTIC GRADE Market 2019-2024 ($M) - Regional Industry Research
11.APAC TEA TREE OIL MARKET BY END USERS Market 2019-2024 ($M)
11.1 FMCG MANUFACTURER Market 2019-2024 ($M) - Regional Industry Research
11.2 COSMETIC COMPANIES Market 2019-2024 ($M) - Regional Industry Research
11.3 PHARMACEUTICAL COMPANIES Market 2019-2024 ($M) - Regional Industry Research
12.APAC TEA TREE OIL MARKET BY GRADE Market 2019-2024 ($M)
12.1 PHARMA/COSMETIC GRADE Market 2019-2024 ($M) - Regional Industry Research
12.2 THERAPEUTIC GRADE Market 2019-2024 ($M) - Regional Industry Research
13.MENA TEA TREE OIL MARKET BY END USERS Market 2019-2024 ($M)
13.1 FMCG MANUFACTURER Market 2019-2024 ($M) - Regional Industry Research
13.2 COSMETIC COMPANIES Market 2019-2024 ($M) - Regional Industry Research
13.3 PHARMACEUTICAL COMPANIES Market 2019-2024 ($M) - Regional Industry Research
14.MENA TEA TREE OIL MARKET BY GRADE Market 2019-2024 ($M)
14.1 PHARMA/COSMETIC GRADE Market 2019-2024 ($M) - Regional Industry Research
14.2 THERAPEUTIC GRADE Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Tea Tree Oil Market Revenue, 2019-2024 ($M)
2.Canada Tea Tree Oil Market Revenue, 2019-2024 ($M)
3.Mexico Tea Tree Oil Market Revenue, 2019-2024 ($M)
4.Brazil Tea Tree Oil Market Revenue, 2019-2024 ($M)
5.Argentina Tea Tree Oil Market Revenue, 2019-2024 ($M)
6.Peru Tea Tree Oil Market Revenue, 2019-2024 ($M)
7.Colombia Tea Tree Oil Market Revenue, 2019-2024 ($M)
8.Chile Tea Tree Oil Market Revenue, 2019-2024 ($M)
9.Rest of South America Tea Tree Oil Market Revenue, 2019-2024 ($M)
10.UK Tea Tree Oil Market Revenue, 2019-2024 ($M)
11.Germany Tea Tree Oil Market Revenue, 2019-2024 ($M)
12.France Tea Tree Oil Market Revenue, 2019-2024 ($M)
13.Italy Tea Tree Oil Market Revenue, 2019-2024 ($M)
14.Spain Tea Tree Oil Market Revenue, 2019-2024 ($M)
15.Rest of Europe Tea Tree Oil Market Revenue, 2019-2024 ($M)
16.China Tea Tree Oil Market Revenue, 2019-2024 ($M)
17.India Tea Tree Oil Market Revenue, 2019-2024 ($M)
18.Japan Tea Tree Oil Market Revenue, 2019-2024 ($M)
19.South Korea Tea Tree Oil Market Revenue, 2019-2024 ($M)
20.South Africa Tea Tree Oil Market Revenue, 2019-2024 ($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)