Maharashtra, India -- (SBWIRE) -- 02/13/2019 -- Tea Tree Oil Market
Tea tree oil, also known as melaleuca oil is an essential oil with a fresh camphoraceous odor and a color that ranges from pale yellow to nearly colorless and clear. It is taken from the leaves of the Melaleuca alternifolia, which is native to Southeast Queensland and the Northeast coast of New South Wales, Australia.
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According to this study, over the next five years the Tea Tree Oil market will register a 5.4% CAGR in terms of revenue, the global market size will reach US$ 43 million by 2024, from US$ 31 million in 2019.
The Tea Tree Oil is extracted from Melaleuca Ahemifolia, this plant is native to Australia, and is only suitable for planting in subtropical climates. Australia is the main production base of Tea Tree Oil, with over 80% share in global. Global key manufacturers: Main Camp, G.R. Davis, Maria River Plantation, Cassegrain Kalara, NATTO, Jenbrook, LvHuan Technology, Coromandel Mountains, Fuyang Biotechnology, Oribi Oils, Nandu Biology, Bestdo Technology, Thursday Plantation and SOiL and so on.
The sales volume of Tea Tree Oil was 692 metric tons in 2017, of which 81.51% is produced in Australia. North America and Europe are the major consumption markets, with global Market Share of 48% and 22% in 2017. Asia is a potential market; the Market Share is gradually increased year by year.
Tea Tree Oil mainly sales in pure oil form, Some companies make TTO as "medicinal" "pharmaceutical" or "premium" grade, this is usually based on these oils containing a slightly higher percentage of terpinen-4-ol,however, there is no scientific evidence that these oils are more antimicrobial active than regular TTO.
As the downstream healthcare industry is on a flourishing development nowadays, the importance of Tea Tree Oil will become more and more apparent over time, and when the market outbreak its potential, Tea Tree Oil industry will enter a new era.
Tea tree oil is also produced in several other countries including China, South Africa, Kenya, Indonesia and Thailand. All of this TTO is produced from Melaleuca alternifolia, an Australian native tree that originated in the coastal regions of Southern Queensland and Northern NSW. No one can accurately state how much TTO is produced in these other countries.
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This study considers the Tea Tree Oil value and volume generated from the sales of the following segments:
Segmentation by product type:
Pharmaceutical Grade Oil
Premium Grade Oil
Segmentation by application:
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Maria River Plantation
Key Regions for this market: North America, Europe, APAC, Latin America, and the Middle East & Africa.
1.The research report provides a detailed analysis of the Tea Tree Oil Market along with the current and future growth prospects so as to shed light on the prominent investment pockets.
2.Information regarding key growth factors, constraints, and opportunities, along with their impact analysis on the Tea Tree Oil Market is provided.
3.Porter's fives forces analysis elaborates the effectiveness of buyers and suppliers operating in the market, globally and regionally.
4.The qualitative and quantitative analysis of the market from 2019 to 2024 is provided to put forth the market potential.
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Key questions answered in the report include:
What will the market size and the growth rate by the end of the forecast period?
What are the key industry trends impacting the growth of the market?
What are the key factors driving and restraining the Tea Tree Oil market?
What are the challenges to market growth?
What are the market opportunities and threats faced by the key players in the market?
Who are the leading competitors functioning in the market for Tea Tree Oil?
What are the key outcomes of Porter's five forces analysis of the Tea Tree Oil market?
The report concludes with the profiles of major players in the Tea Tree Oil Market. The foremost market performers are accessed on the basis of various parameters such as company overview, product portfolio, and do on., as well as the latest development trends of the Market.
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