Derived from the leaves of Melaleuca alternifolia, which is a small tree native to Queensland and New South Wales, Australia, Tea tree oil is not diluted when packed and distributed for commercial use. Some end users prefer to use the oil in diluted form, and hence these days, manufacturers focus on providing dilute tea tree oil. This diluted form is used in the cosmetic industry, pharmaceutical industry, and the FMCG sector and fetches an increased demand as well. This rise in requirement from various sectors boosts the market growth. Further, the surge in demand for natural cosmetics and toiletries is another factor that drives the growth of the tea tree oil market in terms of value. The global tea tree oil market was valued at $38.8 million in 2017 and is projected to reach $59.5 million by 2025, growing at a CAGR of 5.6% from 2018 to 2025.
Some of the key players of Tea Tree Oil Market:
Main Camp, G.R. Davis, Maria River Plantation, Cassegrain Kalara, Jenbrook, LvHuan Technology, Coromandel Mountains, Fuyang Biotechnology, Oribi Oils, and Nandu Biology.
The Global Tea Tree Oil Market research report offers an in-depth analysis of the global market, providing relevant information for the new market entrants or well-established players. Some of the key strategies employed by leading key players operating in the market and their impact analysis have been included in this research report.
Segmentation by End User:
- FMCG Manufacturer
- Cosmetic Companies
- Pharmaceutical Companies
Segmentation by application:
- Cosmetic & Toiletries Application
- Therapeutic Application
- Industrial Application