Tea Tree Oil Market: Global Industry Analysis And Forecast (2023-2029)

Tree Oil Market size was valued at US$ 56.22 Mn. in 2022 and the total Tea Tree Oil revenue is expected to grow by 5.8% from 2023 to 2029, reaching nearly US$ 83.43 Mn.

Tea Tree Oil Market Overview:

Tea tree oil, commonly known as melaleuca oil, is an essential oil with a strong camphoraceous odour and a pale yellow to virtually colourless and transparent appearance. It is obtained from the leaves of the tea tree, Melaleuca alternifolia, which is widely present in Australia's southeast Queensland and northeast coast. The oil is made up of many different compounds, and its composition changes as it is exposed to oxygen and oxidises. It is commonly used as a topical therapy in low quantities for the treatment of skin diseases in conventional medicine, although there is little evidence of effectiveness. Tree Oil Market To know about the Research Methodology :- Request Free Sample Report The report explores the Tea Tree Oil market's segments (Application, End-User, Grade, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2020. The report investigates the Tea Tree Oil market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Tea Tree Oil market's contemporary competitive scenario.

Tea Tree Oil Market Dynamics:

The growing use of tea tree oil to treat cutaneous infections is a major driver of market growth. In recent decades, several complementary and alternative therapies have grown in popularity. Efforts to legitimise their usage have resulted in an increased investigation of their purported therapeutic capabilities in vitro and, in some instances, in vivo. Tea tree oil, volatile essential oil extracted mostly from the Australian native plant Melaleuca alternifolia, is one such medicine. TTO is utilized as the active component in many topical preparations used to treat cutaneous illnesses, mostly because of its antibacterial characteristics. It is widely accessible over the market in Australia, Europe, and North America, where it is advertised as a treatment for a variety of diseases. The inefficacy of tea tree oil is a major restraint in the market growth. Tea tree oil has been used as a conventional herbal medicine with the assumption that it heals acne, toenail fungus, and athlete's foot, even though there is little evidence to back it up. A low-quality single study demonstrated improvement compared to a placebo in a Cochrane systematic review of acne alternative therapy. Conventional use implies that tea tree oil is a viable treatment for minor wounds, bug bites, and tiny boils, that it may significantly lower itching in minor cases of athlete's foot, and that it may help with slight inflammation of the mouth lining, as per the European Medicines Agency's Committee on Herbal Medicinal Products. According to the CHMP, tea tree oil treatments should not be used on children under the age of 12. Tea tree oil is not advised for the treatment of nail fungus since it is ineffective. It is not advised for treating head lice in youngsters since its efficacy and safety have not been shown, and it may cause inflammation or allergic responses. There is no convincing evidence that tea tree oil works to cure demodex mite infections. The adverse impacts associated with tea tree oil are the primary challenge in the market growth. When swallowed, tea tree oil is extremely hazardous. Drowsiness, disorientation, delusions, coma, shakiness, weakness, vomiting, diarrhoea, nausea, blood cell anomalies, and severe rashes are all possible side effects. It should be kept out of reach of pets and children. Tea tree oil should not be applied to or near the mouth. Tea tree oil can induce an allergic response when applied to the skin. As the oil matures and its chemical makeup changes, the possibility of an allergic response increases. Itchiness, contact dermatitis, linear immunoglobulin A disease, erythema multiforme-like responses, and systemic hypersensitivity reactions are all possible side effects. Allergic responses may occur as a result of the numerous oxidation products created by exposing the oil to light and air. As a result, oxidized tea tree oil should be avoided.

Tea Tree Oil Market Segment Analysis:

By Application, the cosmetics and toiletries segment is expected to grow at a CAGR of 3.8% during the forecast period because of its use in the manufacture of various cosmetic items e.g. shampoo and moisturizers, skin clearing creams, mouthwash, body lotions, hygiene products, cleaning soaps, antiperspirants, hand wash sanitizers, and face creams. Tea tree oil has antibacterial, antiviral, and antifungal effects, making it popular in its undiluted form. Because of its antifungal qualities, it is useful against a wide range of fungal diseases of the scalp, skin, and toes. Because of its antiviral qualities, it is also an effective therapy for herpes, cold symptoms, blisters, and moles. By End-User, the cosmetic companies segment is expected to grow at a CAGR of 3.1% during the forecast period. Because of the increased demand for tea tree oil in the manufacturing of various types of beauty products, cosmetic industries account for a bigger value share than other prospective end users. Tea tree oil is increasingly being utilized in medicinal goods due to its anti-inflammatory and anesthetic characteristics, which help decrease swelling and discomfort while also preventing infections and scarring. It also aids in the treatment of skin conditions such as acne, boils, ringworm, skin rashes, corns, lice, insect bites, and fungal infections. As a result, it is mostly utilized in the pharmaceutical industry to create various medicines that customers may use to treat various illnesses or ailments. As a result, the pharmaceutical segment is anticipated to grow significantly in terms of value sales. Tea tree oil and its constituents have been used in agriculture to avoid food deterioration or as insecticides. TTO is an effective organic fungicide, herbicide, and insecticide that may be utilized in the framework of green technology, according to numerous studies. This oil was discovered to inhibit the mycelial development of 15 post-harvest fungi. The oil was administered both directly and in vapor form. The latter proposed that it be used as a fumigant for stored harvests. Aside from in vitro studies, some effective TTO outdoor or field tests have been recorded.

Regional Insights:

TTO manufacture and distillation began in Australia. Australia is the world's largest producer of TTO and the leader in the research and development of tea tree oil. This sector has now matured to the point that an association for TTO production has been formed, known as the Australian Tea Tree Industry Association Ltd. TTO output in Australia is nearly 900 tons per year. Ninety percent of Australian oil is shipped to the United States (53 percent), Europe (29 percent), and Asia (13 percent). Furthermore, 80 percent of the oil is shipped in bulk, with only a minor portion used for value addition. Because of its cost-effective production processes, China is the world's second-largest producer of TTO and a formidable competitor in the Australian market. Australia, on the other hand, satisfies international requirements due to its higher quality grade and consistent output. TTO is also produced in South Africa, Kenya, Indonesia, and Thailand, primarily from M. alternifolia. Melaleuca species are prevalent in Australia's coastal areas, and oil extraction was formerly done from natural plantings. However, due to natural variability, there were biochemical and genetic differences. To address this issue, Melaleuca species fields were built for the commercial gathering of tea tree oil. According to a 2017 data sheet from the Rural Industries Research and Development Corporation, there are 80 authorized tea tree producers in Australia, and it is farmed across an area of around 40,000 hectares. Tree Oil Market The objective of the report is to present a comprehensive analysis of the Tea Tree Oil market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Tea Tree Oil market dynamics, and structure by analyzing the market segments and projecting the Tea Tree Oil market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Tea Tree Oil market make the report investor’s guide.

Tea Tree Oil Market Scope: Inquire before buying

Tea Tree Oil Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 56.22 Mn.
Forecast Period 2023 to 2029 CAGR: 5.8 % Market Size in 2029: US $ 83.43 Mn.
Segments Covered: by Application Cosmetic and Toiletries Therapeutic Industrial
by End-User FMCG Manufacturer Cosmetic Companies Pharmaceutical Companies Others
by Grade Pharma or Cosmetic Grade Therapeutic Grade

Tea Tree Oil Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest)

Key Players are:

1. GR Davis 2. Maria River Plantation 3. Jenbrook Pty Ltd 4. T.G.Cassegrain & Co Pty Ltd 5. Coromandel Mountains Tea Tree Oil Company 6. Oribi Oils (Pty) Ltd. 7. Integria Healthcare 8. The Lebermuth Company, Inc. 9. Aos Product Pvt. Ltd. 10. Young Living Essential Oils 11. NOW Foods 12. Cape Mountain Oils 13. TeaTreeTherapy 14. True Blue Organics 15. NATURES REMEDIES 16. Xi'an Natural Field Bio-Technology Co., Ltd 17. Main Camp 18. Guangdong Fuyang Biotechnology FAQs: 1. Which is the potential market for Tea Tree Oil in terms of the region? Ans. APAC is the potential market for Tea Tree Oil in terms of the region. 2. What are the challenges for new market entrants? Ans. The adverse impacts associated with tea tree oil are the primary challenge in the market growth. 3. What is expected to drive the growth of the Tea Tree Oil market in the forecast period? Ans. The growing use of tea tree oil to treat cutaneous infections is a major driver of market growth. 4. What is the projected market size & growth rate of the Tea Tree Oil Market? Ans. Tea Tree Oil Market size was valued at US$ 56.22 Mn. in 2022 and the total Tea Tree Oil revenue is expected to grow by 5.8% from 2023 to 2029, reaching nearly US$ 83.43 Mn. 5. What segments are covered in the Tea Tree Oil Market report? Ans. The segments covered are Application, End-User, Grade, and Region.
1. Global Tea Tree Oil Market: Research Methodology 2. Global Tea Tree Oil Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Tea Tree Oil Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Tea Tree Oil Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Tea Tree Oil Market Segmentation 4.1 Global Tea Tree Oil Market, by Application (2022-2029) • Cosmetic and Toiletries • Therapeutic • Industrial 4.2 Global Tea Tree Oil Market, by End-User (2022-2029) • FMCG Manufacturer • Cosmetic Companies • Pharmaceutical Companies • Others 4.3 Global Tea Tree Oil Market, by Grade (2022-2029) • Pharma or Cosmetic Grade • Therapeutic Grade 5. North America Tea Tree Oil Market(2022-2029) 5.1 North America Tea Tree Oil Market, by Application (2022-2029) • Cosmetic and Toiletries • Therapeutic • Industrial 5.2 North America Tea Tree Oil Market, by End-User (2022-2029) • FMCG Manufacturer • Cosmetic Companies • Pharmaceutical Companies • Others 5.3 North America Tea Tree Oil Market, by Grade (2022-2029) • Pharma or Cosmetic Grade • Therapeutic Grade 5.4 North America Tea Tree Oil Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Tea Tree Oil Market (2022-2029) 6.1. European Tea Tree Oil Market, by Application (2022-2029) 6.2. European Tea Tree Oil Market, by End-User (2022-2029) 6.3. European Tea Tree Oil Market, by Grade (2022-2029) 6.4. European Tea Tree Oil Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Tea Tree Oil Market (2022-2029) 7.1. Asia Pacific Tea Tree Oil Market, by Application (2022-2029) 7.2. Asia Pacific Tea Tree Oil Market, by End-User (2022-2029) 7.3. Asia Pacific Tea Tree Oil Market, by Grade (2022-2029) 7.4. Asia Pacific Tea Tree Oil Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Tea Tree Oil Market (2022-2029) 8.1 Middle East and Africa Tea Tree Oil Market, by Application (2022-2029) 8.2. Middle East and Africa Tea Tree Oil Market, by End-User (2022-2029) 8.3. Middle East and Africa Tea Tree Oil Market, by Grade (2022-2029) 8.4. Middle East and Africa Tea Tree Oil Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Tea Tree Oil Market (2022-2029) 9.1. South America Tea Tree Oil Market, by Application (2022-2029) 9.2. South America Tea Tree Oil Market, by End-User (2022-2029) 9.3. South America Tea Tree Oil Market, by Grade (2022-2029) 9.4 South America Tea Tree Oil Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 GR Davis 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Maria River Plantation 10.3 Jenbrook Pty Ltd 10.4 T.G.Cassegrain & Co Pty Ltd 10.5 Coromandel Mountains Tea Tree Oil Company 10.6 Oribi Oils (Pty) Ltd. 10.7 Integria Healthcare 10.8 The Lebermuth Company, Inc. 10.9 Aos Product Pvt. Ltd. 10.10 Young Living Essential Oils 10.11 NOW Foods 10.12 Cape Mountain Oils 10.13 TeaTreeTherapy 10.14 True Blue Organics 10.15 NATURES REMEDIES 10.16 Xi'an Natural Field Bio-Technology Co., Ltd 10.17 Main Camp 10.18 Guangdong Fuyang Biotechnology

About This Report

Report ID 31332
Category Food & Beverages
Published Date July 2023
Updated Date
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