Press release
Tea Tree Oil Market Analysis: CAGR and USD Revenue Assessment by Region 2018-2025
Rise in demand for natural cosmetic products due to its large-scale application in the production of shampoos, conditioner, skin clearing lotion, and face creams has boosted the growth of the global tea tree oil market. However, low product penetration in Asia-Pacific and LAMEA hampers market growth. On the contrary, rise in number of millennials which are prime customers for natural and clean label products is expected to create lucrative opportunities in the near future.
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Cosmetic and toiletries application segment to dominate through 2025
The cosmetic and toiletries application segment held the largest share in 2017, contributing more than three-fourths of the total market, owing to rise in awareness regarding various health benefits associated with tea tree oil. Moreover, it can be used to treat wounds and provide soothing relief for aches, pains, and congestion, which has boosted its use in cosmetics and toiletries. However, the industrial application segment is estimated to register the fastest CAGR of 8.0% during the forecast period, as it is said to be a natural disinfectant. The report includes analysis of the therapeutic application segment.
North America region to garner highest revenue
The market across the North America region held the largest share in 2017, contributing around two-fifths of the total market, owing to high consumption rate of natural cosmetic and large group of consumers in the region. However, the market across LAMEA is expected to manifest the fastest CAGR of 6.8% during the forecast period, owing to high rate of demand for natural essential oil in both household and commercial sectors. The report also offers an in-depth study of the market across Europe and Asia-Pacific.
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Major market players
The global tea tree oil market report provides analysis of the major market players such as G.R. Davis, Main Camp, Cassegrain Kalara, Maria River Plantation, Coromandel Mountains, Jenbrook, LvHuan Technology, Oribi Oils, Fuyang Biotechnology, and Integria Healthcare.
Key Findings of the Tea Tree Oil Market:
In 2017, based on application, the cosmetic & toiletries application segment accounted for around 78.4% of the tea tree oil market share, growing at a CAGR of 5.2% from 2018 to 2025.
In 2017, based on end user, the retail store segment accounted for 53.1% share of the market and is expected to growth at the highest CAGR of 5.0% during the forecast period.
In 2017, based on region, North America accounted for a prominent market share and is anticipated to grow at a CAGR of 4.0% throughout the tea tree oil market forecast.
What are the Key Benefits for Stakeholders
The report provides an extensive analysis of the current and emerging tea tree oil market trends and opportunities.
The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing tea tree oil market opportunity.
A comprehensive analysis of the factors that drive and restrict the tea tree oil market growth is provided.
An extensive tea tree oil market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
The report provides extensive qualitative insights on the potential segments or regions exhibiting favorable growth.
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